Meta Platforms, Inc. (NASDAQ:META) is one of the stocks Jim Cramer discussed after the Fed rate cut. Cramer noted that the rates do not matter to the company, as he remarked:
“There’s no way to relate Meta to rates either. It simply doesn’t matter to the company. The stock is listless because it’s become a one-day story, the day it reports. I could argue that a Fed cut actually hurts Meta because it calls attention away from what might be happening at the company, which is very quiet but very good. I think the world of this company, and we hear that they’re raising prices for their AI products. They should, they’re too cheap. But it doesn’t matter unless Mark Zuckerberg comes on to tell the story right here.”
Photo by Alexander Shatov on Unsplash
Meta Platforms, Inc. (NASDAQ:META) develops social media, messaging, and communication products, including Facebook, Instagram, Messenger, Threads, and WhatsApp. Additionally, the company creates virtual, augmented, and mixed-reality hardware and software. Cramer discussed the company’s CEO’s strategy during the December 4 episode, as he said:
“Third example, there used to be some honor among thieves in Silicon Valley, a sort of no-poach rule that led to a lot of rich executives filled with stock-based compensation. Then along comes Mark Zuckerberg from Meta, and he is poaching like mad, building the best roster in the industry. He’s going after some very talented execs from Apple, including one we just learned who ran Apple’s liquid glass portfolio, which I’m very interested in.
While we acknowledge the potential of META as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
