We recently published 10 Stocks Jim Cramer Discussed As He Blasted China’s Hostility Towards The US. Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer recently discussed.
Apple Inc. (NASDAQ:AAPL) scored a major win yesterday after President Trump announced that the firm would be exempt from his latest set of semiconductor tariffs. Cramer has spent a lot of time discussing the firm recently, particularly in the context of its troubles with the Trump administration. He advised Apple Inc. (NASDAQ:AAPL) to spend money in the US to woo Trump, and in these remarks, he discussed Apple Inc. (NASDAQ:AAPL) first with CNBC’s Megan Costello and then with co-hosts David Faber and Carl Quintanilla:
“Okay so Meghan, despite the fact that they produce 19 billion chips in the US, that they’re opening 24 factories in the US in 12 different states, that they’ve probably been the most important if not the [inaudible] for TSMC, what do they need to do for the President to stop saying that those phones that are made in India must be made here?
“Let’s say we saw some valuations this morning, OpenAI, ChatGPT, worth 500 billion. Perplexity we had worth 19 billion. Now so if Apple writes a check for what they made this month, for 25 billion, they get Perplexity and then we have a 250 dollar stock”
While we acknowledge the potential of AAPL 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: 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.
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