Jim Cramer Notes Circle Internet 'Came Out of the IPO Gate Super Hot'
'Second group of winners, pretty much anything related to crypto. Now, some are linked to buying and selling crypto. Think Coinbase. Robinhood, the Circle Internet, that's that newly public Stablecoin play, which came out of the IPO gate super hot. Let's cool off… There are lots of smaller stocks that emulate these big dogs, and you see them trading all the time. You know what I mean? Meme.'
A professional investor in a bespoke suit calmly analysing a stock exchange chart.
Circle (NYSE:CRCL) provides a platform that supports stablecoin and blockchain-based financial applications, including a U.S. dollar-backed stablecoin. The company's services include tokenized assets, payments, liquidity, and tools for developers to build within the digital finance ecosystem. During June 9's episode of Mad Money, Cramer discussed the stock in detail, as he commented:
'Last week, we saw one of the flashiest deals of the year when Circle Internet Group came public… Speaking of the financials, Circle's numbers, they're pretty impressive. In the first quarter of the year, they posted 59% revenue growth, 75% net income growth. So, at the end of the day, where do I come down on Circle? Look, this is actually a pretty darn good business. USDC's popular.
While we acknowledge the potential of CRCL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
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