Zinger Key Points
- Jim Cramer says Serve Robotics is losing too much money.
- SoundHound AI is a "meme" stock, Cramer says.
- Join Nic Chahine live on Wednesday, March 19, at 6 PM ET for a step-by-step breakdown of how to to capitalize on post-Fed volatility and manage risk in this fast-moving market. Register for this free strategy session today.
On CNBC's “Mad Money Lightning Round,” Jim Cramer said Serve Robotics Inc. SERV is a “meme” stock and that he doesn't need it because it’s losing too much money.
The company reported weaker-than-expected fourth-quarter results. Adjusted EPS loss of 23 cents missed the consensus estimate for a loss of 18 cents.
“I'm kind of blown away about how badly the stock acts,” Cramer said when asked about The Trade Desk, Inc. TTD. “We get them on, maybe we can get some answers. Otherwise it's going to keep going down I'm afraid. “
As per the recent news, Trade Desk announced the appointment of Vivek Kundra as CEO, effective March 31.
Jim Cramer recommended buying Louisiana-Pacific Corporation LPX here.
On Feb. 19, Louisiana-Pacific reported fourth-quarter net sales growth of 3.5% year-over-year to $681 million, beating the consensus of $666.753 million.
Cramer said Enbridge Inc. ENB has “got so much business in America” and added that it's a great idea to buy the stock.
In the recent news, Enbridge named Steven W. Williams as chair of the board, effective May 7.
SoundHound AI, Inc. SOUN is a “meme” stock, Cramer said.
The company announced it will participate in the 2025 Nvidia GPU Technology Conference.
The Mad Money host recommended buying Accenture plc ACN.
Accenture on Thursday announced a strategic investment in OPAQUE, a firm providing a secure AI platform designed to allow organizations to run large-scale, general-purpose AI workloads with encrypted data.
Price Action:
- Serve Robotics shares jumped 9.1% to settle at $7.66 on Friday.
- Trade Desk shares rose 0.1% to close at $53.94 during the session.
- Louisiana-Pacific shares gained 2.4% to settle at $91.55.
- Enbridge shares rose 0.7% to close at $42.83.
- SoundHound AI shares jumped 16.1% to close at $10.34 on Friday.
- Accenture shares gained 0.6% to settle at $318.82.
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