Meta Platforms, Inc. (NASDAQ:META) is one of the stocks that Jim Cramer looked at recently. Cramer mentioned that the stock “baffles” him, as he said:

On Wednesday of last week, we received results from Meta, Microsoft and Tesla… Let’s analyze them one by one. Start with Meta, which initially got a lot of love, getting 10% the next day. It makes sense. Mark Zuckerberg did a great top and bottom beat. More importantly, he explained exactly how Meta’s AI investments are already helping to make its core advertising business more profitable. i like this Of course, it still projected $115 billion to $135 billion in capital spending for 2026, but that’s more easily explained, and the guidance for the current quarter was excellent. Basically, Meta gave us enough reasons to believe that their investments are worth it, so at first there was a positive reaction. Now, since then, the stock has fallen in five out of six sessions, including a 1.3% drop on today’s otherwise positive tape. This surprised me. At this point, Meta has now erased all of its gains from last Thursday and then some. But the way I see it, that just means you get the quarter for free. Remember we’re excited about this one for the Charitable Trust. It actually baffles me. I just think this is a purchase.

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Meta Platforms, Inc. (NASDAQ:META) develops technologies and applications that connect people through social networking and messaging. The company’s portfolio includes Facebook, Instagram, WhatsApp, Messenger, Threads, and virtual and augmented reality products.

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Disclosure: no. This article is originally published in Monkey Insider.