23andMe Holding Co. (OTC:MEHCQ) Was Worth A Lot More Than People Thought, Says Jim Cramer
From Yahoo Finance: 2025-05-22 10:20:00
Jim Cramer discussed 23andMe Holding Co. (OTC:MEHCQ) and its recent surge after Regeneron’s acquisition announcement. MEHCQ ranks 12th on Cramer’s list of stocks. While MEHCQ shows promise, other AI stocks may offer better returns. Find the cheapest AI stock trading at less than 5 times its earnings for potential gains.
In response to Moody’s downgrade of US credit rating from AAA to AA+, Jim Cramer highlighted the impact on markets, noting the lack of faith in US debt. He linked this sentiment to younger generations turning to Bitcoin as an alternative investment, reflecting a shift in market focus towards cryptocurrencies.
During a recent CNBC appearance, Jim Cramer discussed historical downgrades of US credit rating and the current market sentiment towards Bitcoin. He emphasized the importance of understanding market dynamics and trends, noting the President’s interest in Bitcoin as a reflection of changing investment preferences.
Jim Cramer shared insights on the acquisition of 23andMe Holding Co. (OTC:MEHCQ) by Regeneron, highlighting the potential of AI tools in genetics research. The purchase of 23andMe for $256 million allows for correlations between genetics, disease, and health, showcasing the importance of AI in healthcare advancements.
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