Thomson Reuters Corporation (NASDAQ:TRI) is among the stocks in focus as Jim Cramer reviewed the S&P 500’s top performers and the Nasdaq 100’s biggest laggards for the first quarter. Cramer highlighted the impact of AI on the stock, as he commented:
The eighth-worst name in the Nasdaq 100 was Thomson Reuters, down nearly 32%. And this is another example of a business services play getting hit by AI competition fears. Thomson makes software that compiles financial data, which we use here at Mad Money, and they also own Westlaw, a similarly essential online legal research service. You don’t need Westlaw, though, if you have a system that can comb through all the decisions they’ve written in just a few seconds. Can Claude do all the things these platforms do? Wrong question. The right question is, do you want to stick with Thomson Reuters while we wait to find out? Money managers won’t do that.
A stock market chart. Photo by Arturo A on Pexels
Thomson Reuters Corporation (NASDAQ:TRI) provides information and technology tools for legal, corporate, and tax professionals. The company delivers workflow solutions, generative AI applications, and international news services.
While we acknowledge the potential of TRI 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.
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