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Trump Media & Technology Group Corp. (NASDAQ:DJT) is one of the 14 stocks Jim Cramer recently shared insights on. Inquiring about DJT, a caller asked if Cramer sees a short squeeze, given its position in Bitcoin. In response, Cramer said:
“Well, I can’t really anticipate a short squeeze because I don’t know, you’ve got 12% short position, could be, maybe. The real short squeezes have occurred… when it gets to about 25, 30. I think below that, then you’re kind of on your own with the fundamentals.”
An investor examining several stock charts and making decisions based on the data.
Trump Media & Technology (NASDAQ:DJT) provides social media, streaming, and financial services through platforms like Truth Social, Truth+, and Truth.Fi. In March 2024, when the company stock was near its highest levels, Cramer said:
“I am not sure where Mr. Trump’s head is, but this is a moment where he could say, look, the stock’s up 286%. No one would mind if I sold stock, so please let me do it.”
While we acknowledge the potential of DJT 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.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
Disclosure: None.
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