Apple (AAPL) Isn't Going To Buy Perplexity, Says Jim Cramer
Apple Inc. (NASDAQ:AAPL)'s shares have lost 12% year-to-date as investors remain concerned about the firm's iPhone sales, lack of an AI product, and the impact of trade tensions between the US and China on its smartphone supply chain. In his previous comments about Apple Inc. (NASDAQ:AAPL), Cramer has asserted that CEO Tim Cook has to spend in America to build factories and infrastructure to boost local production. He discussed whether Apple Inc. (NASDAQ:AAPL) would acquire Perplexity this time around:
'[On Morgan Stanley reiterates $235 and saying Services might be better than it thinks] Ben Reitzes is out there saying look the 200 dollar subscription if he buys Perplexity. Now, I was listening to my great friend Jeff Sonnenfield talk about how how unreliable these are and his conclusion was, well, you know you gotta be careful. You gotta look at them all. My conclusion is, why do you think they're building so many data centers? Because they're not scraping enough. People are building data centers because they want to line the pockets of GE Vernonva? I mean come on. They need more data centers because they're not accurate enough. But they will get accurate. And the idea of Apple buying Perplexity and doing subscription, they're not going to do it. They're not going to do it because they don't buy anybody. But you know that is the hobgoblin of little [inaudible] there. You gotta buy, you need AI.'
While we acknowledge the potential of AAPL 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 .
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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