Jim Cramer: Uber Is One of the Best Stocks Despite Autonomous Vehicle Concerns

Financial commentator Jim Cramer expressed a bullish view on Uber Technologies, Inc. (NYSE:UBER) during his "Mad Money" show, calling it a strong investment despite the company's push into autonomous vehicles. The comment came in response to a caller asking whether the stock is a buy given the growing fleet of self-driving cars.

Cramer's Take on Uber

Cramer stated: "I think it's definitely one of the best." He argued that dot-com analogies do not hold up in the current market, noting that Uber has a solid business model and the ability to adapt to technological shifts.

Autonomous Vehicle Expansion

The caller highlighted Uber's increasing deployment of autonomous vehicles, raising questions about the stock's future. Cramer, however, viewed this as an opportunity rather than a threat, as Uber could benefit from long-term cost reductions.

Recent Stock Performance

Cramer did not provide specific details on recent stock performance but reaffirmed that Uber remains a good investment choice. The stock has experienced volatility due to regulatory concerns and competition.

What This Means for Investors

Cramer's positive outlook reflects confidence among some analysts in Uber's ability to navigate challenges, especially as it focuses on profitability and expanding delivery services. However, investors should consider risks from regulation and intense competition.