Jim Cramer Highlights the Bidding War Around Warner Bros.

Warner Bros. Discovery, Inc. (NASDAQ:WBD) is one of the S&P 500 and Nasdaq-100 stocks Jim Cramer commented on. Cramer highlighted the bidding war that took place for the acquisition of the company, as he commented:

“Alright, let’s do just a couple more quick ones because the top four were all so similar. In sixth place, Warner Brothers Discovery. It was up almost 173% last year, thanks to the bidding war that many feel has ended with Netflix’s preemptive $83 billion bid. The funny part of the story is that the other major bidder that moved these things up is Paramount Skydance. That’s backed by Oracle’s Larry Ellison. He actually made a higher offer, but with some caveats, and doesn’t appear to be going away. Warner Brothers said that it’s sticking with the Netflix bid, but who knows? This whole bidding war was like getting a new season of Succession. Look, if someone comes in with a $34 bid, I think they get it.”

Warner Bros. Discovery, Inc. (NASDAQ:WBD) is a media and entertainment company that creates and distributes movies, TV shows, and streaming content. While we acknowledge the potential of WBD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, 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.