Jim Cramer's Excited About Walmart's (WMT) OpenAI Deal

We recently published Jim Cramer Talked About These 8 Stocks & The Quantum Computing Dip. Walmart Inc (NYSE:WMT) is one of the stocks Jim Cramer recently discussed.

Walmart Inc (NYSE:WMT) is one of Cramer’s top stocks in the space. He has repeatedly praised the firm for keeping prices low throughout this year and remarked that it could be among the handful of retailers that can dominate the market. Walmart Inc (NYSE:WMT) announced yesterday that it would allow users to use ChatGPT to make purchases. Given his enthusiasm for AI, it was unsurprising that Cramer was quite excited about the announcement as well:

“Walmart announces a partnership with OpenAI to introduce a shopping cart on ChatGPT. This is in addition to what we know from Etsy. This is a direct attack on Amazon. And there isn’t a vertical that OpenAI doesn’t want to go after. And this is a good example of why, every time we want to say, pie in the sky, Walmart, you want to own Walmart today because of this announcement with OpenAI and ChatGPT!”

Cramer discussed Walmart Inc (NYSE:WMT) during his Mad Money appearance on September 25th. Here is what he said:

“In retail, after years of retrenchment, a lot of it thanks to digital competition. Retailers still have too many workers, too many stores. Only an outfit like Walmart, which has the same scale as an Amazon or Costco, can compete without worrying about its balance sheet.”

While we acknowledge the potential of WMT 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.