Jim Cramer on Meta: "AI Is Changing the Company's Fortunes in a Way That Is Just Extraordinary"

Meta Platforms, Inc. (NASDAQ:META) is one of the stocks Jim Cramer shared his thoughts on. Cramer noted that “Meta knows everything about you,” as he commented:

… It’s hard to believe that Meta, which had been written off as a company that spends way too much on AI just last quarter, could rally more than 10% today as those investments paid off in spades. Last quarter, Meta had been the scissors. This time, it’s the rock… Let’s speak truth right here, right now. I listen to CEOs constantly. I read their words, I hear their calls, I talk to them. And until last night, I hadn’t heard a single executive who actually uses AI, not participates in the making of it, but use it as an actual client state unequivocally, just with no caveats, that AI is the greatest force multiplier, that it can make its business fortunes, that it’s accelerating the sales and earnings, that AI is changing the company’s fortunes in a way that is just extraordinary.

And last night, it finally happened, and it is Meta. Leave it to Mark Zuckerberg from Meta to say that AI has allowed his company to offer the greatest advertising vehicle in the world aimed at his user base. Oh, by the way, it is just 3.5 billion… daily active users. It’s like half the people in the world, for heaven’s sake, or like, close to it.

This Meta knows everything about you… It could get you to buy something you never thought about. Zuckerberg, where is he? Is he at his desk?… No, he’s in your cerebral cortex…. He’s in your cell. He’s in your darn vagus nerve, and his company will present your brain with exactly what you want. You’ll watch the darned accelerated computing make sure of that because the video’s better and cleaner than ever, and you will buy what they advertise because generative AI is finally that powerful. No more scissors. This one is a rock for certain. It’s not done going higher.

Meta Platforms, Inc. (NASDAQ:META) develops technologies and applications that connect people through social networking and messaging. The company’s portfolio includes Facebook, Instagram, WhatsApp, Messenger, Threads, and products in virtual and augmented reality.

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Disclosure: None. This article is originally published at Insider Monkey.