AeroVironment, Inc. (AVAV) Has A Good Gun, Says Jim Cramer

We recently published 12 Stocks Jim Cramer Discussed As He Said “Pilots Are Too Expensive”. AeroVironment, Inc. (NASDAQ:AVAV) is one of the stocks Jim Cramer recently discussed.

AeroVironment, Inc. (NASDAQ:AVAV) is a defense contractor that operates primarily in the uncrewed aerial vehicles (UAV) market. Also called drones, this is one of the hottest segments of the global defense industry. In this show, Cramer commented on the growing use of drones and pointed out that a large part of the Pentagon’s costs are driven by fighter jet and bomber pilots. The CNBC TV host explained that triple redundancies in such systems drove up costs, and drones might help in reducing the costs and keeping military personnel safe from the risk of shootdowns. As for AeroVironment, Inc. (NASDAQ:AVAV), he outlined a cost-effective weapon to shoot drones:

“Also Wahid Nawabi was on Mad Money. Now he is the CEO of Aerovironment. And they have a gun that shoots ’em down. And it’s a couple of pennies. So that’s the hope.”

Previously, the CNBC host discussed AeroVironment, Inc. (NASDAQ:AVAV)’s share price performance in an idea-driven market:

“We are in an idea-driven market and in an idea-driven market I go out with AeroVironment at 190 and then it goes to 290 because I mentioned it in the Mad Dash and then they’re able to do a financing.”

While we acknowledge the potential of AVAV as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, 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.