“Those Are Pumps And Dumps,” Says Jim Cramer

We recently published 10 Stocks On Jim Cramer’s Mind As He Gives Up On Becoming Fed Chair. GoPro, Inc. (NASDAQ:GPRO) is one of the stocks Jim Cramer recently discussed.

GoPro, Inc. (NASDAQ:GPRO) is a well-known consumer electronics company that sells cameras. The firm’s shares have gained 30% year-to-date solely on the back of a 97% jump in June. GoPro, Inc. (NASDAQ:GPRO)’s stock rose during a fresh wave of meme stocks that once again caught investors by surprise. Cramer wasn’t impressed by the share price gain, and he doesn’t frequently discuss the stock either. Before the July jump, the shares had actually lost 39% year-to-date as the firm struggled with focusing on only one product and failed to diversify its product lineup. These have caused GoPro, Inc. (NASDAQ:GPRO) to post quarterly losses and significant drops in revenue. The CNBC TV host was succinct and blunt in his assessment of GoPro, Inc. (NASDAQ:GPRO)’s rise as he remarked:

“Those are pump and dumps I mean you know.”

GoPro, Inc. (GPRO): "Those Are Pumps And Dumps," Says Jim Cramer — GoPro, Inc. (GPRO): “Those Are Pumps And Dumps,” Says Jim Cramer

While we acknowledge the potential of GPRO 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.

Disclosure: None. This article is originally published at Insider Monkey.