Originally published by Yahoo Finance Business
The Goldman Sachs Group, Inc. (NYSE:GS) is one of thestocks Jim Cramer shared his thoughts on as he discussed Big Tech’s AI spending. A caller asked how the company will do with “giant IPOs in the pipeline,” and Cramer replied:
They’re going to be the big winner. They’re going to be the big winner in IPOs and in M&A… And that’s why I think it’s a huge position for me, my Charitable Trust, and I think that it’s going higher.
They’re going to be the big winner. They’re going to be the big winner in IPOs and in M&A… And that’s why I think it’s a huge position for me, my Charitable Trust, and I think that it’s going higher.
Stock market data. Photo by Burak The Weekender on Pexels
The Goldman Sachs Group, Inc. (NYSE:GS) provides financial services, including investment banking, asset and wealth management, and banking solutions. Cramer highlighted the firm’s “specialty” during the April 10 episode, as he said:
Let’s get to our game plan for next week. Alright, my Charitable Trust has a very big, long, very big position in, well, in Goldman Sachs. Okay, that’s my alma mater. And when it reports on Monday, barring some serious Iranian action that causes a spike in the price of oil this weekend, I think you’ll see a solid set of numbers and a good reaction to the numbers that Goldman Sachs prints. Now, I’ve gotta tell you, this judgment does stem a little bit from my time at Goldman. Why? Because that’s where I learned to manage and profit from risk. It’s what the firm does best is manage risk. And this volatile market, like the one we are having, that’s Goldman’s specialty.
Let’s get to our game plan for next week. Alright, my Charitable Trust has a very big, long, very big position in, well, in Goldman Sachs. Okay, that’s my alma mater. And when it reports on Monday, barring some serious Iranian action that causes a spike in the price of oil this weekend, I think you’ll see a solid set of numbers and a good reaction to the numbers that Goldman Sachs prints. Now, I’ve gotta tell you, this judgment does stem a little bit from my time at Goldman. Why? Because that’s where I learned to manage and profit from risk. It’s what the firm does best is manage risk. And this volatile market, like the one we are having, that’s Goldman’s specialty.
While we acknowledge the potential of GS 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 thebest short-term AI stock.
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