Jim Cramer expressed strong support for Meta Platforms (NASDAQ: META), saying he believes in CEO Mark Zuckerberg’s strategy and vision for the company.
During a November 11 episode, Cramer told an investing club member that he sees Meta as similar to what Alphabet (Google) represented a year ago. He praised Zuckerberg for defending Meta’s competitive position and described him as a “brilliant business person.”
Cramer acknowledged that Meta plans to spend heavily on new initiatives, including virtual, augmented, and mixed reality projects. He said such spending is necessary to maintain the company’s edge, particularly in competition with firms like OpenAI.
The discussion came as Meta stock has faced a pullback despite a strong quarterly report. Cramer noted that while the stock’s chart shows a decline, he sees potential for long-term value.
Cramer also compared Meta with other stocks his guest, Lang, was considering, including Starbucks and International Exchange, noting all had experienced sharp declines but could offer investment opportunities.
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