We recently published an article on Insider Monkey titled “16 Latest Stocks on Jim Cramer’s Radar,” which highlighted Apple Inc. (NASDAQ:AAPL) as one of the stocks that caught the attention of Jim Cramer. Cramer, a well-known financial expert and host of CNBC’s Mad Money, discussed Apple Inc. (NASDAQ:AAPL) extensively following the firm’s iPhone launch in September. He commended the new phones and the affordability for consumers through carrier plans. Additionally, Cramer touched on Apple Inc. (NASDAQ:AAPL)’s deal with Google, the firm’s user base, and the potential for AI chatbots. Reports suggested a possible deal between Google and Apple Inc. (NASDAQ:AAPL) for Gemini, to which Cramer responded positively, calling it a “terrific” opportunity. He also highlighted the firm’s impressive balance sheet, with total assets of $364 billion and only $85 billion in long-term debt.
During his commentary, Cramer expressed enthusiasm about the potential Apple Inc. (NASDAQ:AAPL) and Google Gemini deal, stating, “This Apple, Google deal’s gonna happen. The billion dollar deal, and it’s really funny because how many people felt that Siri was way behind, way behind. Well, you know they advanced that, that just gets taken off the table if that’s the case. Now the stock is down, I don’t know, people feel that maybe this is, that Google should be paying them. But this is a terrific deal and I think that the age of Siri being impersonal and, sorry, not really getting the message is over. This will be terrific. I still think that Gemini comes in and they just become the native form of this. I love this combination and I think that people have to stop complaining about Apple being behind. They’ll be fine. I think it’s so exciting. I think Apple, the price-to-earnings multiple is too low.”
While Apple Inc. (NASDAQ:AAPL) shows promise as an investment, Insider Monkey believes that certain AI stocks offer even greater potential for higher returns with limited downside risk. For those seeking an undervalued AI stock poised to benefit from Trump tariffs and onshoring, Insider Monkey recommends checking out their free report on the best short-term AI stock.
In conclusion, while Apple Inc. (NASDAQ:AAPL) remains a solid investment choice, it’s essential to explore other opportunities in the AI sector for potentially higher returns. If you’re interested in discovering hidden gems in the AI industry, be sure to read Insider Monkey’s recommendations on stocks that have the potential to double in the coming years.
Disclosure: None. This article was originally published on Insider Monkey’s website.
