Jim Cramer says he ‘just owns’ Apple (AAPL) stock as iPhone upgrade cycle lengthens
We recently published a list Jim Cramer’s December portfolio: 10 stocks to watch. In this article, we’ll take a look at how Apple (NASDAQ: AAPL ) compares to other stocks to watch in Jim Cramer’s December portfolio.
Jim Cramer talks on CNBC’s latest show about the evolution of artificial intelligence and how this technology has gone from being ignored as “hype” to revolutionizing many people’s daily lives. Cramer mentioned the artificial intelligence solution provided by Marc Benioff’s company and said that the technology actually exceeded expectations “significantly”. [read Marc Benioff’s latest comments here]
Cramer pointed to Benioff’s comments about his company’s new AI solution:
“Yet, all of a sudden, we have Agent Force, and Mark said, and I quote, “We are unleashing the digital workforce for every business and every industry in the new year.” He continued, “The implications are profound. Now people laugh at me for saying how much we need artificial intelligence, but Mark said, “For decades, economic growth has relied on the expansion of the labor force. It’s all about getting more labor,” end quote . No more – no more agents powered by artificial intelligence who, as you said, can work faster and do tedious but important work that no one wants.
Also read: Jim Cramer’s Latest Flash Funding Round: 11 Stocks to Watch and Jim Cramer talks AMD and other stocks
In this article, we watch some of Jim Cramer’s latest shows and pick 10 stocks he’s talking about. For each stock we note the number of hedge fund investors. Why are we interested in stocks that hedge funds invest in? It’s simple: Our research shows that we can outperform the market by mimicking the top hedge funds’ stock picks. Our quarterly newsletter strategy, which selects 14 small-cap and large-cap stocks each quarter, has returned 275% since May 2014 and beat the benchmark by 150 percentage points (See more details here).
A wide view of an Apple store showcasing the range of products the company has to offer.
Number of hedge fund investors: 158
On a recent CNBC show, Jim Cramer addressed a Morgan Stanley report on Apple (NASDAQ:AAPL) that discussed the Cupertino company How could its stock price be higher than Nvidia’s stock price? Cramer reiterated his old mantra of continuing to invest in Apple.
