Apple (AAPL)'s A Free Rider, Says Jim Cramer

We recently published 13 Stocks Jim Cramer Talked About.  Apple Inc. (NASDAQ:AAPL) is one of the stocks that Jim Cramer talked about.

Consumer electronics giant Apple Inc. (NASDAQ:AAPL) remains one of Jim Cramer’s favorite stocks. The CNBC TV host continues to stick with his long-held belief of owning the shares instead of trading them. Apple Inc. (NASDAQ:AAPL)’s stock is up by 4.5% over the past year and is down by 5.6% year-to-date. Evercore ISI kept an Outperform rating and a $330 share price target on the firm in February. The firm’s coverage focused on Apple Inc. (NASDAQ:AAPL)’s Apple Intelligence AI platform. It pointed out that the March launch of the highly coveted feature could face a delay given internal testing problems. Goldman Sachs kept a Buy rating and a $330 share price in February. It outlined Apple Inc. (NASDAQ:AAPL)’s App Store spending accelerated to 7% year-over-year in January over the 6% figures for December. In his remarks about the firm following its earnings, Cramer commented that the technology company had managed to save billions of dollars in AI investment by partnering up with Google. In this appearance, he elaborated his opinion:

“But you notice Apple, Apple turned out to be the greatest free rider in history.”

While we acknowledge the potential of AAPL 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.