Uber Technologies, Inc. (UBER) "Is Just A Steady Good Story," Says Jim Cramer

We recently published 10 Stocks Jim Cramer Mentioned As He Talked About “Love Lost” Between Microsoft & OpenAI. Uber Technologies, Inc. (NYSE:UBER) is one of the stocks Jim Cramer recently discussed.

Uber Technologies, Inc. (NYSE:UBER) is a ride-sharing company whose shares have gained 42% year-to-date. The firm has benefited from the growth in ridesharing services, which include a partnership between it and Waymo. Uber Technologies, Inc. (NYSE:UBER)’s shares gained 3.9% after the firm’s second-quarter earnings report saw its gross bookings of $46.8 billion beat analyst estimates of $46.4 billion. During the quarter, the firm’s 180 million monthly active platform users also beat analyst estimates of 176.6 million. Here’s what Cramer said about Uber Technologies, Inc. (NYSE:UBER) after the earnings:

“Look this is just a steady good story. Boy the stock was down five this morning. I think it was from people who didn’t understand the [inaudible] but this could be just throws off cash like no tomorrow. I thought that was really interesting because remember when they used to lose cash like no tomorrow?”

Cramer wagered a guess at Uber Technologies, Inc. (NYSE:UBER)’s future share price in his earlier remarks. Here is what he said:

“Okay, stock’s up, stock’s up 45%. I got so many, I got a lot of stocks that are down. Those are the ones that gotta wake up. I think Uber’s going to $200. I just say you go buy more here. That’s the only solution that I see.”

While we acknowledge the potential of UBER 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.