Intuit's (INTU) Brand New Program Hasn't Done Anything for the Stock, Says Jim Cramer

We recently published 9 Stocks Jim Cramer Talked About in a Show Where He Advised OpenAI to Slow Down. Intuit Inc. (NASDAQ:INTU) is one of the stocks Jim Cramer discussed in the show.

As Cramer briefly discussed PayPal, he also commented on financial management software and products provider Intuit Inc. (NASDAQ:INTU). The shares have gained a modest 4.3% year-to-date, and Cramer discussed the firm's new product announcements. Intuit Inc. (NASDAQ:INTU) has been busy upgrading its products over the past couple of weeks. On October 28th, the firm announced the Intuit Accountant Suite, which enables users to make custom dashboards, close accounting books at scale, and use AI to generate insights. Cramer's previous comments about Intuit Inc. (NASDAQ:INTU) have pointed flat out that the general perception is that the firm's software-as-a-service business model isn't working. SaaS stocks have struggled as investors wonder whether AI's programming capabilities can allow these companies to sustain their business model. In this appearance, Cramer pointed out that Intuit Inc. (NASDAQ:INTU)'s stock just isn't responding to the firm's initiatives:

"Intuit just has a brand new program that I thought was very good. That has not done anything for the stock."

While we acknowledge the potential of INTU 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.