Cramer Backs Zuckerberg, Says His Trust Is Long Meta After AI-Spending Selloff
He says the market is missing Zuckerberg's strategy despite pressure from higher capital spending.
Overview
- Meta shares fell after earnings as investors reacted to heavier capital expenditure guidance.
- Jim Cramer defended CEO Mark Zuckerberg, saying "you don't go after this guy" and portraying him as positioning to counter OpenAI and focus on YouTube over Azure.
- Cramer disclosed that his Charitable Trust holds a long position in Meta.
- On Cramer's show, technician Lang said the stock looks extremely oversold, citing a drop below the 200-day moving average and weak on-balance volume.
- Lang suggested a rebound is possible, saying the shares could rise past $700 by year-end.