Jim Cramer Says Companies Like Apple are “Nation-States With Good Balance Sheets”

Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer recently shared thoughts on. Cramer said companies like Apple are “nation-states,” as he remarked:

“Apple, I think, is going to have a great quarter. So I think that their PE is probably going to be roughly just a little bit above the market multiple. All these companies are actually very big conglomerates… I like the companies for what they have, which is different businesses that are firing all cylinders… In the end, these are the best companies in the world. They’re nation-states with good balance sheets. They’re not momentum plays.”

brandon-romanchuk-NOFyRmSQfUQ-unsplash

Apple Inc. (NASDAQ:AAPL) sells smartphones, computers, tablets, wearables, and accessories under brands like iPhone, Mac, iPad, and Apple Watch. During the November 3 episode, Cramer discussed how the company can acquire AI. He commented:

“Apple’s looking better and better because they opted out. They’re not trying to build the best chatbot, though they are working on improvements to Siri that should arrive by next spring… But overall, as far as I can see, this strategy is to do the same thing they did with search. Why not just let somebody else build it and then pay Apple for the privilege of being the default on all their devices?

While we acknowledge the potential of AAPL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, 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.

View Comments