Reported 1 day ago
Jim Cramer recently referred to Apple Inc. as being 'addicted to buying back its own stock,' labeling it a 'serial repurchaser' during discussions about the company's ongoing stock buyback strategy. He emphasized that Apple's management likely believes its shares are undervalued, coinciding with the launch of the new iPhone 17, which adds to Apple's appeal as an investment option, despite Cramer suggesting that some AI stocks may present greater potential.
Source: YAHOO