Jim Cramer Praises Klarna Group plc (KLAR)'s Predictive System

We recently published 10 Stocks Jim Cramer Discussed As He Talked About President Trump & Trillionaires. Klarna Group plc (NYSE:KLAR) is one of the stocks Jim Cramer recently discussed.

The day this show aired, Klarna Group plc (NYSE:KLAR), a payments technology company, was set to IPO on the New York Stock Exchange. Cramer discussed how the market environment for listings reminded him of the “old days.” He also discussed Klarna Group plc (NYSE:KLAR)’s software system that predicts defaults:

“Now Carl, it’s funny, we, not funny, it is ironic, we’re talking about 30 year like David said, we have a big deal, Klarna today. This feels like the old days. Someone made a huge amount of money. Someone had double zero on Oracle. Someone’s gonna hit zero on Klarna, being good by the way, because that’s what [inaudible] for, black and red at the casino, but I jut think today feels like we should be front and center in the country’s discussion. That’s how much money’s being made. And yet we become, you know, we were moved to the side show for a long time. Because the equity market kind of went as a place that people didn’t put money.

“They seemed to have wanted it higher, right. They didn’t, the underwriters wanted it lower. . .

“At the same, they seem to be remarkable in the number of defaults, whatever system they have is very predictive. Much better than banks.”

While we acknowledge the potential of KLAR 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.