Jim Cramer on Ouster: "I'm Going to Say No to Speculative"

Ouster, Inc. (NASDAQ:OUST) is one of the stocks on Jim Cramer’s radar. During the lightning round, a caller asked what Cramer thinks of the company, and he commented:

“Yeah, you know it’s a LiDAR company… and the LiDAR companies have been losing a fortune. I don’t think that there’s anything investible in, honestly, in autonomous, other than Tesla. Waymo’s not enough, of Alphabet. So I’m going to say no to speculative.”

Ouster (NASDAQ:OUST) designs and supplies high-resolution lidar sensors and software solutions used in automotive, industrial, robotics, and smart infrastructure applications. The company’s products include scanning and solid-state sensors, along with platforms for perception, traffic management, and safety. In May 2024, Cramer showed bearish sentiment toward the stock as he said:

“Oh man, that’s a lidar play. I’ll tell you — I’ve not been recommending any of those EV plays that are losing money. They do a lot of autonomous vehicles, but I can’t go there because I’m not recommending stocks where they just have not been able to even get near a profit.”

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Disclosure: None. This article is originally published at Insider Monkey.