Cramer Bearish on 10 Stocks, Bullish on AI Leaders Like Nvidia; Cautions on Inflation Before CPI
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Jim Cramer is bearish on 10 stocks including Global Net Lease, Portillos, Riot Platforms, Roku, and UiPath. He thinks some are overvalued or don't make money yet.
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However, Cramer is bullish on mega-cap tech stocks like Nvidia, Meta Platforms, and Alphabet due to their AI potential. He calls Nvidia a "monopoly."
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Cramer advises being cautious before the upcoming CPI and PPI reports which could impact the Fed's inflation fight.
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The article details hedge fund ownership and price targets for the 10 stocks Cramer doesn't like. For example, 38 hedge funds own UiPath stock.
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UiPath discussed its AI offerings like Autopilot and next-generation Intelligent Document Processing in a recent earnings call. Its goal is to transform enterprise automation with cutting edge AI.