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Joby Aviation, Inc. (NYSE:JOBY) is among the stocks Jim Cramer reviewed while discussing the Iran ceasefire that triggered a relief rally. When a caller asked for Cramer’s opinion of the stock during the lightning round, he remarked:
Well, I’m not a flying car guy, I’m just not, and I’ve been right not to be a flying car guy. Although I do think, by the way, that Boeing is a great stock… here, and they’ve got a lot of technology for that kind of thing.
A technical stock market chart. Photo by Energepic from Pexels
Joby Aviation, Inc. (NYSE:JOBY) designs and makes electric vertical takeoff and landing aircraft for use in aerial ridesharing. The company is also developing a related app. During the March 18 episode, a caller inquired about the stock and mentioned their bullish stance. Cramer responded:
Okay, I am not as big a fan as you are. I think it’s incredibly speculative, and I’m in that era of no more magical investing. They’re losing too much money, and when companies are losing too much money, even if they have a very exciting idea, I’ve got to pull in my horns here because we have a very, very tough market, and we can’t deal with companies that are losing a lot of money.
While we acknowledge the potential of JOBY 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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