Jim Cramer: Beyond Meat Is 'Way Too Risky,' Warby Parker Is 'Alright To Buy'

Zinger Key Points
  • Advanced Micro Devices (AMD) will likely expand its partnership with Samsung Electronics.
  • AMD is "real good, but it doesn’t have what Nvidia has," Cramer adds.

On CNBC's “Mad Money Lightning Round,” Jim Cramer said Warby Parker Inc. WRBY is “alright to buy.

On May 9, Warby Parker reported a year-over-year increase in first-quarter GAAP EPS results and better than-expected sales results. Also, the company raised its FY24 net revenue guidance.

When asked about Riot Platforms, Inc. RIOT, he said, “No, look. If we're going to be in that, we're just going to go buy Bitcoin BTC/USD or go buy Ethereum ETH/USD, either one is fine with me.”

Riot Platforms recently announced that it made a proposal to acquire all outstanding shares of Bitfarms Ltd BITF and accumulated a 9.25% stake.

The “Mad Money” host recommended not to own Beyond Meat, Inc. BYND, calling it “way too risky.”

On May 8, Beyond Meat said first-quarter revenue decreased 18% year-over-year to $75.603 million, which beat consensus estimates of $75.241 million, per Benzinga Pro. The plant-based meat company reported a first-quarter adjusted loss of 72 cents per share, which missed estimates for a loss of 67 cents per share.

Meanwhile, Advanced Micro Devices, Inc. AMD under $150 would be “terrific,” Cramer says.

Advanced Micro Devices will likely expand its partnership with Samsung Electronics Co SSNLF to develop 3-nanometer chip processing technology.

“It's real good, but it doesn't have what Nvidia NVDA has,” Cramer adds.

Price Action:

  • Riot Platforms shares rose 0.4% to settle at $10.04 on Thursday.
  • Beyond Meat shares gained 2.4% to close at $7.35.
  • AMD shares rose 1% to settle at $166.75 during Thursday's session.
  • Warby Parker shares gained 4% to close at $17.44 on Thursday.

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