"I Wish I Owned" Reddit (RDDT), Says Jim Cramer

We recently published 11 Latest Stocks Jim Cramer Talked About. Reddit, Inc. (NYSE:RDDT) is one of the stocks Jim Cramer recently discussed.

Social media platform Reddit, Inc. (NYSE:RDDT) continues to be one of Cramer’s favorite stocks. In this appearance, he used the stock as an example of one that could benefit from AI-related tailwinds despite not having an aggressive capital expenditure strategy:

“But what if you want to buy the one that is not spending, had to spend a lot, but is going to be a winner. It’s going to be Reddit. Reddit had a great quarter and I think now Reddit is going to be able to have the single best training platform for anybody. And Steve Huffman has not even begun to monetize that aspect of Reddit. This is the third largest site, Carl, people are not paying attention. It is worth far more than 40 billion dollars. And I just think people have own it.

“I wish I owned it for the trust, I did not get in. [When asked why] No I just, because I talk about it so much, I’ve not been able to buy, but I really, really like this company. It’s a way to be able to pay the anti capex.

“Everyone’s gonna have to trade on Reddit. Theye’re, a lot of them are already. But it’s got this really kind of very true group of people who write and are very honest. And I just find for, when it comes marketing purposes, it’s the most targeted ad that you could ever have.”

“Look I know that I want to have, the data that Mark Zuckerberg has, right. They have great data. But I want the data that Reddit has. And I really want to advertise on Reddit. Because I’m gonna cut out all the clutter. And by the way, Steve Huffman would tell you listen we have 92% but they’re charging so much less than everybody else you can get a great deal with the people. Every drug company should be looking at those different sites because unfortunately every illness has its own silo and that’s where they should place their ad rather than on 60 Minutes.”

While we acknowledge the potential of RDDT 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.