Apple Inc. (AAPL): China's The "Wildcard," Says Jim Cramer

We recently published 10 Stocks That Were On Jim Cramer’s Radar As He Warned “It’s Too Early” To Buy. Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer recently discussed.

Apple Inc. (NASDAQ:AAPL)’s shares jumped by 3.3% on Wednesday after a major headwind disappeared in the form of search engine giant Google’s troubles with the Justice Department. The shares were higher as a court ruled that Google could continue to pay companies to push its Search service on devices. For Apple Inc. (NASDAQ:AAPL), this meant that its deal with Google, reportedly valued at $20 billion, to push Google Search on the iPhone. Cramer discussed Apple Inc. (NASDAQ:AAPL) before the news of the court ruling broke:

“Well that’s why I think that China remains the wildcard and all of this is just setting up for very, very difficult, tough negotiation. So therefore you have to look at Apple, you have to look at NVIDIA and people are just saying, alright I’ve looked, I’ve judged, sell. That’s too simple. These are great companies and they will figure out a way to make money.”

Previously, Cramer discussed how Apple Inc. (NASDAQ:AAPL) is the only major company that isn’t spending heavily on NVIDIA’s AI GPUs:

“Apple is the only one of these heavy hitters that isn’t writing huge checks to NVIDIA, simply because they don’t have an AI strategy. Apple stock, by the way, is the poorest performer of the big tech stocks. Will that change after tonight’s numbers? Will Apple turn out to have the last laugh while all the others fall flat on their faces?… Listen, we heard the same thing about the dot-com survivors at the turn of the millennium.”

While we acknowledge the potential of AAPL 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.

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