Jim Cramer on Take-Two Interactive: "What a Buy That Is"

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) is one of the stocks that was on Jim Cramer’s radar recently. Cramer showed bullish sentiment toward the stock despite the release of Google’s Project Genie, as he commented:

Before the show got preempted by the Olympics for two weeks, we were already witnessing a nasty sell-off in any industry that might, well, just maybe get disrupted by artificial intelligence, and it’s not just technology anymore. Like I said at the top of the show, it’s only gotten nastier as people ruminate about the future. They’re scared, they’re worried… When Google rolled out Project Genie, which effectively lets people use AI to make their own video games, the entire gaming industry got obliterated. Everything from Roblox to Unity Software to AppLovin, and even Take-Two Interactive. Oh, come on. The last independent video game publisher in America, what a buy that is.

Take-Two Interactive Software, Inc. (NASDAQ:TTWO) creates video games for consoles, PCs, and mobile devices. Some of its well-known games include Grand Theft Auto, Red Dead Redemption, and BioShock. Cramer called it a “great stock” during the February 4 episode, as he said:

A great stock… Last night, we got results from Take-Two Interactive Software. That’s the big video game publisher. While the actual quarter was solid, the full-year forecast terrific, and they got Grand Theft Auto VI coming out in November, but the stock still lost more than 5% today, and that’s on top of a brutal decline earlier this week. Unfortunately, Take-Two reported just as everybody’s freaking out about Google’s Project Genie, an AI platform that seems like it can create video games out of whole cloth… Yes, I do think that you’re getting a chance to buy it.

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