Jim Cramer Believes Apple’s (AAPL) User Base Is Very Important For AI

We recently published 10 Stocks Jim Cramer Talked About. Apple Inc. (NASDAQ:AAPL) is one of the stocks Jim Cramer discussed.

Apple Inc. (NASDAQ:AAPL)’s plans to capitalize on AI developments have generated quite a bit of debate in the media. The discussions have caught Cramer’s attention as well. He commented on them regularly early in the year before switching his attention to the firm’s commitments to the Trump administration, US investments, and the latest iPhone launch. With two months having passed since the new iPhone was launched, Apple Inc. (NASDAQ:AAPL)’s AI strategy is back on the CNBC TV host’s radar. He hasn’t changed his views either. For instance, on May 29th, Cramer asserted that “Tim’s got the divisions, they just have to spend… Tim Cook will have the best, they’ll have the best AI.” In this appearance, Cramer commented on Apple Inc. (NASDAQ:AAPL)’s strong user base and the potential for the firm to secure a nice payout for providing access to it:

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“. . .we need competition. But I don’t know, if you pay Apple, a nice sum in order to have it so you’re also the AI, you have 1.5 billion people, I would go into Apple right now and lock that deal.”

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.

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Disclosure: None. This article is originally published at Insider Monkey.