Uber (UBER)'s An "Up Stock," Says Jim Cramer

We recently published 10 Latest Stocks Jim Cramer Talked About. Uber Technologies Inc. (NYSE:UBER) is one of the stocks Jim Cramer recently discussed.

Cramer briefly discussed ride-sharing services provider Uber Technologies Inc. (NYSE:UBER) and its CEO, Dara Khosrowshahi. The firm has been investing aggressively in the autonomous ridesharing market recently. Uber Technologies Inc. (NYSE:UBER) partnered with Flytrex last month as part of a play in the drone delivery market, and it partnered up with Nebius earlier this month as part of a $375 million strategic investment in autonomous driving firm Avride. Cramer believes that the Uber Technologies Inc. (NYSE:UBER) CEO is doing a great job. He went as far as to suggest that it could become a trillion-dollar company in the future:

“Look I think Dara’s doing a remarkable job. I think Uber is what I call an up stock. Reddit is an up stock. DoorDash an up stock. It’s that period, I talk about these in How to Make Money In Any Market, and my thesis is, that the best companies that came public during the 2019, 2020, companies, they are the likely next trillion dollar companies. They are doing so well.”

This appearance wasn’t the first time the CNBC TV host has expressed optimism about Uber Technologies Inc. (NYSE:UBER). For instance, in the July 30th airing of Mad Money, he remarked:

“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.