CNBC's Jim Cramer on Monday turned his attention to companies that have been touting their use of generative artificial intelligence.
With many of these stocks seeing losses, Cramer suspects that some, with the exception of Nvidia , are not worth the hype.
But unlike other fad stocks — such as certain electric vehicle and cannabis companies — Cramer noted that the good news is many of these AI companies are highly profitable, so their stocks won't completely collapse.
Other than Nvidia and its acolytes, no company seems to have really harnessed AI for profit," Cramer said.
Cramer named Microsoft , Google, ServiceNow , Amazon , Cisco and Snowflake as stocks that could be winners someday.
Persons:
CNBC's Jim Cramer, Monday, Cramer, — Cramer, " Cramer
Organizations:
Nvidia, Microsoft, Google, Cisco
Locations:
Amazon