Jim Cramer Says Apple Inc. (AAPL)'s $600 Billion Investment In US Could Make Trump Ask Others To Do The Same

We recently published 12 Stocks Jim Cramer Discussed As Part Of His Big Tech Deep Dive. Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer recently discussed.

Apple Inc. (NASDAQ:AAPL) CEO Tim Cook was one of the executives who attended the White House AI event. Cramer commented that the President might use the firm’s $600 billion US investment package to point out to other attendees that their efforts to bring back manufacturing to America might be insufficient:

“But these other people, these are the people that are the, it’s the Magnificent 6 down there. We’ve got the powerhouses that have all committed to doing more. I’d like to see if everyone’s going to make commitments like the way Tim Cook has. Who has put up, you know, the $600 billion over the four years. It’s incredible. I think this is, you know this is kind of what the administration [inaudible] initially was telling me. Which is that, it won’t be like Biden, who would never have these people. It’s going to be the opposite. These are the people who know more, and we’re going to have them in.

“But this is a very different time. I expect something consequential to come out of this. I just can’t even figure out what it’ll be.

“I think it’s entirely possible, that, the President could say, Tim Cook, has done X. What have you guys done? What have you guys done? Like Mark Zuckerberg, you went on and on about how you liked me, but where’s your AI factory?

“It would be like, okay, Tim’s done X, what have you done for your country? You know ask not what your country’s done for you, JFK, RFK, whatever, I don’t know. . .”

Cramer then switched to discussing analyst sentiment surrounding Apple Inc. (NASDAQ:AAPL):

“But the long knives were out for Apple until a couple of weeks ago and now we’re starting to hear that Apple’s got pricing power with the phones. We’re starting to hear that Apple’s doing better on the 17. Apple, Moffett Nathanson, they had a Sell, they went to a Hold. They had dug their heels plus I actually like those guys so I don’t want to. . .

“[On UBS saying App Store revenue was up 11% in August] Yeah instead of 13, but UBS has dug in their heels and, I like UBS but I wouldn’t go with it. I’d go with Morgan Stanley today.

“[On Morgan Stanley saying Apple will raise iPhone prices] Remember just a few weeks ago we heard that they might not have any pricing power. It looks like they have plenty of pricing power. They’re still by the way, in the high double digit, 17, 19, versus, Alphabet. I did feel by the way that yesterday was a big capitulation day, for the bears. I just don’t think they have the horses. Yeah I don’t think they have the horses, I think that, I keep hearing well Apple’s still, expensive. Look, Apple has the world in their oyster right now. . .they’re still going to get their checks, from Alphabet courtesy of a judge who thinks if they don’t then then Google will be even stronger. But now, you got 2.2 billion devices, if you can preload those with Anthropic, which I don’t think is going to get it, then suddenly Anthropic is the only one you and I are going to be talking about. I mean right now, I do think that what’s on the line is people want, you’re looking for deals with the New York Times, you’re looking for Wall Street Journal’s deal, but we want to start scraping stuff that’s more authoritative. Whoever buys the Apple contract will have to pay a huge amount of money. Is going to be the de facto winner. Is. going to make deals with everybody and we’re not going to get such. . .”

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.

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.