Cramer Says This AI Stock Is Just An Nvidia Play, Prefers This Stock Over Anheuser-Busch

Zinger Key Points
  • Cramer says DigitalBridge Group is a "good" stock.
  • SoundHound AI is just an NVIDIA play, says Cramer.

On CNBC’s "Mad Money Lightning Round," Jim Cramer said DigitalBridge Group, Inc. DBRG is a "good" stock.

On Feb. 20, DigitalBridge posted better-than-expected sales results for its fourth quarter.

When asked about Anheuser-Busch InBev SA/NV BUD, Cramer said, Constellation Brands, Inc. STZ has "better cash flow, more opportunities, and has a wine business that it could sell."

Former President Donald Trump recently called on conservatives to reconsider their stance on Anheuser-Busch, suggesting that the company is not as “woke” as it has been portrayed.

SoundHound AI, Inc. SOUN is just an Nvidia Corporation NVDA play, Cramer said.

SoundHound shares closed Monday’s session higher by around 47% amid speculation that the company could be involved with a new collaborative initiative aimed at integrating AI into cellular technology.

Don’t forget to check out our premarket coverage here

The "Mad Money" host said he doesn’t know Pactiv Evergreen Inc. PTVE well enough.

Pactiv Evergreen is expected to report its results for the fourth quarter after the closing bell on Feb. 29, 2024. Analysts expect the company to post quarterly earnings at $5.48 per share on revenue of $24.2 billion.

Price Action:

  • Shares of DigitalBridge fell 0.6% to close at $17.95 on Tuesday.
  • Pactiv Evergreen shares declined 1.2% to close at $14.47 on Tuesday.
  • Anheuser-Busch shares slipped 0.1% to settle at $63.06.
  • Constellation Brands shares rose 0.1% to settle at $247.09 on Tuesday.
  • SoundHound AI shares gained 19.3% to close at $6.86.
  • Shares of NVIDIA fell 0.5% to settle at $787.01 on Tuesday.

Now Read This: Top 3 Energy Stocks That Could Sink Your Portfolio In Q1

Image: Shutterstock

Market News and Data brought to you by Benzinga APIs
Posted In: Long IdeasNewsSmall CapTop StoriesMarketsMediaTrading IdeasCNBCJim Cramermad money Lightning Round
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...