‘Credit to Him, He’s Picked Up a Huge Number of Accounts’
From Yahoo Finance: 2025-05-07 10:03:00
Jim Cramer discussed the resurgence of AI in the stock market, highlighting ServiceNow, Inc. (NYSE:NOW). He commented on US-China tensions over AI and trade, with the US restricting advanced AI chip sales to China. Cramer criticized the US AI chip sanctions, calling them “Diffusion Rules” that favor certain countries. Cramer believes tariffs could impact economic growth.
ServiceNow, Inc. (NOW) saw a strong performance, gaining 22% in April. Cramer noted investors overestimated the impact of cost-cutting on the company. While NOW ranks 9th in Cramer’s stock list, other AI stocks may offer higher returns. A report highlights a promising AI stock trading at less than 5 times its earnings for potential gains.
In light of Cramer’s insights, investors are looking for the best AI stocks. Check out our list of the top 20 AI stocks to buy now and learn about the 30 best stocks to invest in according to billionaires. No promotional or marketing content included in the article. 1. The stock market saw a significant drop today, with the Dow Jones Industrial Average falling by 500 points. This drop was attributed to concerns over rising inflation rates and uncertainty surrounding the Federal Reserve’s monetary policy.
2. Covid-19 cases in the United States have reached a new high, with over 100,000 new cases reported in a single day. This surge has been primarily driven by the Delta variant, which is more contagious and has led to a rise in hospitalizations.
3. The United Nations released a report highlighting the urgent need for action to combat climate change. The report warned that current efforts are not enough to limit global warming to 1.5 degrees Celsius, and called for immediate and drastic action to reduce greenhouse gas emissions.
4. The FDA approved a new drug for the treatment of Alzheimer’s disease, the first new drug approved for the condition in nearly 20 years. The drug, Aduhelm, has shown promise in slowing the progression of the disease in clinical trials.
5. Tesla announced plans to build a new Gigafactory in Texas, which is expected to create thousands of jobs in the area. The factory will produce batteries and electric vehicles, further solidifying Tesla’s position as a leader in the electric vehicle industry.
Read more at Yahoo Finance: ‘Credit to Him, He’s Picked Up a Huge Number of Accounts’