Jim Cramer on Meta: "I'm Agog at the Numbers That Mark Zuckerberg's Putting Up"

Meta Platforms, Inc. (NASDAQ:META) is one of the Magnificent Seven stocks Jim Cramer commented on. Cramer showed that he was quite impressed with the company’s earnings. He remarked:

“Next best, Meta Platforms. I’m agog at the numbers that Mark Zuckerberg’s putting up. The most important one, not even talked about on Wall Street enough, 3.5 billion people use at least one Meta product each day. Come on, that’s almost half the planet. That’s insane. The company’s printing money, which is why it can go into the equivalent of free agency and hire incredible talent. It doesn’t even matter. You can’t even see it in the margins.

You know that if you advertise with Meta, the ads have more reach than anyone. They’ll even design the ad for you, and it will most likely outperform any agency-built ad, although they don’t knock the agencies in the conference call. Meta even has businesses it hasn’t even begun to monetize, because I think it’s so busy monetizing others. Who even knows… how much WhatsApp is worth. Mark talks about the Ray-Ban glasses as the best format for pretty much everything, Facebook, Instagram, WhatsApp, and everything else that they have, including AI.

… I gave everybody a pair… I think that these things are so darn cool, and they, you know what? I never thought they could move the needle, but after this conference call, now, I’m not so sure. They could be real profits here for this company. Like Microsoft, Meta is buying a huge number of NVIDIA chips for its AI offering, Meta AI. I don’t use it much, but you know what, after the conference call, I’ll probably add it to the roster.”

Meta (NASDAQ:META) provides social and messaging apps like Facebook, Instagram, WhatsApp, Messenger, and Threads to help people connect and communicate. Additionally, the company develops virtual, augmented, and mixed reality technologies through its Reality Labs division.

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