Microvast Holdings, Inc. (NASDAQ:MVST) is one of the stocks Jim Cramer was recently asked about. Noting that the stock hit $7 last week, up from 22 cents around a year ago, a caller asked about the stock. Cramer commented:
“It’s still good. It’s still good. It’s got great free cash flow. It’s not like the others. It actually makes money. This is not some joker speculative stock. That’s why I said I liked it a year ago, and I continue to like it now. I like the stock.”
Microvast Holdings, Inc. (NASDAQ:MVST) develops and manufactures lithium-ion battery technologies and components for electric vehicles and energy storage systems. When a caller asked for Cramer’s advice about the company’s stock during the October 1 episode, he replied:
“Alright, that’s a great spec for now. We know that there’s a lot of interest in Washington on battery. We’ve seen that. Therefore, it could extend to these guys. I don’t know if it’s the case, but I’d hold onto it.”
While we acknowledge the potential of MVST 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 the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
