Netflix, Inc. (NASDAQ:NFLX) is one of the stocks Jim Cramer recently talked about. When a caller asked if they should buy more of the stock, Cramer commented:
“Look… Let me tell you, this is sometimes, this is an anecdotal stock, and I think right now people feel like, I don’t know, Netflix, what’s on? Nothing. I was watching Amazon last night for heaven’s sake, so that’s what I think’s causing it. Don’t worry, it’s going to be fine. They’re smart fellas.”
Photo by Thibault Penin on Unsplash
Netflix (NASDAQ:NFLX) provides streaming entertainment, including TV series, films, documentaries, and games across multiple genres and languages. When a caller inquired about the stock in a June episode, Cramer responded:
“I mean, they are going to be the entertainment channel, so to speak, for the world. It’s worth $542 billion, that makes sense to me. I don’t want to double down because I think you might get an intraday swing at a point where you can buy some. But I’m not going to go against this company, which may be one of the best-run companies in the entire world, and I am not going to tell you to sell the stock.”
While we acknowledge the potential of NFLX 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.
