"Top strategist reveals undervalued AI derivative plays with room to grow"

1 min read
Source: CNBC
"Top strategist reveals undervalued AI derivative plays with room to grow"
Photo: CNBC
TL;DR Summary

CNBC's Jim Cramer believes that the generative artificial intelligence (AI) trend is just beginning and that stocks associated with AI have more room to grow. He points to Amazon CEO Andy Jassy's statement that generative AI will bring in billions of dollars for the company as enterprises shift to the cloud. Cramer suggests that any pullback in AI stocks will likely be met with buying, as the potential of AI is still in its early stages. He highlights Microsoft, which owns half of OpenAI, as a leader in the AI space, along with Amazon and Nvidia. Cramer concludes that the AI trend is far from over and is just getting started.

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