Jim Cramer Says "It's Getting Ridiculous How the Market Now Hates Apple"

Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer put under the spotlight. Cramer discussed the AI moves that could push the company stock up. He stated:

“Or can we just admit that it’s getting ridiculous how the market now hates Apple and Amazon, even if they did report really good numbers. Now, I know that each has its Achilles’ heel. Let’s trace it out. Apple doesn’t have the AI strategy that it needs… But what the negativists don’t or won’t realize is that these are just money issues, and these two companies have all the money in the world… How about Apple? It could just go buy Perplexity. It’s got all the money. It doesn’t, wouldn’t even cost them that much, or it could buy the streams it needs for Perplexity, or it could pair up with Mark Zuckerberg at Meta AI and develop some really cool apps. I’m not going to go as far as to say Grok. Do any of these things, and the Apple stock will be up 50 points. That is not why Tim Cook does things, and I respect that, but it would move it 50 points.”

Apple (NASDAQ:AAPL) designs and sells devices like iPhone, Mac, iPad, and wearables, and provides services including cloud storage, support, and several subscription platforms.

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