T-Mobile US, Inc. (TMUS)'s CEO Might Not Leave, Believes Jim Cramer
T-Mobile US, Inc. (NASDAQ:TMUS) is one of the .
T-Mobile US, Inc. (NASDAQ:TMUS) is a major American telecommunications carrier. Its shares are flat year-to-date even though they were up by 23% by mid-February. T-Mobile US, Inc. (NASDAQ:TMUS) has suffered due to various factors. One such headwind came in April after the firm's first-quarter earnings report. The results saw the stock fall by 11% after T-Mobile US, Inc. (NASDAQ:TMUS) added 495,000 subscribers in the first quarter which fell short of analyst estimates of 502,000. The shares were dealt with another setback in June after a major investor, Japan's Softbank, dumped a whopping $4.8 billion of T-Mobile US, Inc. (NASDAQ:TMUS)'s shares. As for Cramer, he has been wondering for quite a while whether the firm's CEO Mike Sievert might be on his way out. His recent remarks also revolved around the possibility:
'We don't know if he's [Sievert] going to leave yet, we don't know when, they're not gonna put a release out. They're not gonna put a release out. It's not done and I hope he stays because I think he's fantastic.'
In his previous remarks, Cramer has also commented on T-Mobile US, Inc. (NASDAQ:TMUS)'s iPhone deals:
A customer checking out their new device at a T-Mobile store, illustrating the convenience and accessibility of retail stores.
'Remember, T-Mobile you can still get a very good deal on T-Mobile phones. If you want to go in and get an Apple phone, I do suggest. that people recognize that you'll probably be getting a Samsung phone, a year from now if a certain part of the White House has its way.'
While we acknowledge the potential of TMUS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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