Was Jim Cramer Right About Meta Platforms, Inc. (META)?

We recently published a list of 10 Stock Predictions That Jim Cramer Got Right Again. In this article, we are going to take a look at where Meta Platforms, Inc. (NASDAQ:META) stands against other stocks that Jim Cramer discusses.

A viewer asked if Meta Platforms, Inc. (NASDAQ:META) still had technological upside, particularly under CEO Mark Zuckerberg’s leadership. In that older segment, Cramer expressed strong long-term optimism, suggesting Meta was investing in something bigger than the public could yet see. He responded with:

“I think there is. I mean, I think that they’re going to be in competition in something we don’t know yet. They’re buying too many of the Nvidia cards for me to think they’re just going to continue to be just Instagram and Facebook and WhatsApp. I think there’s much more in store for us and I think you got to stay long that stock. It is not an expensive stock.”

Cramer was right to call it an inexpensive stock. It’s now up +39.66% since those comments.

Meta Platforms, Inc. (NASDAQ:META) is a technology company that owns Facebook, Instagram, and WhatsApp, and is investing heavily in AI and virtual reality platforms like the Metaverse.

When asked about the stock again recently, Cramer gave his blessing to buy it, saying:

“I like your thinking very much. I think Meta’s having a great quarter. I also think that they are without a doubt the best advertising bet. What happens if he actually starts, Mark Zuckerberg starts to want to, let’s say, monetize WhatsApp? Do you know how much that darn thing’s worth? I think you got horse sense. Good level to buy.”

Overall, META ranks 6th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of META 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: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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