Uber (UBER)’s “a Good Stock” With “a Horrendous Chart,” Says Jim Cramer

Core Insights - Uber Technologies, Inc. (NYSE: UBER) recently reported revenue of $13.47 billion, surpassing analyst estimates of $13.28 billion, despite a 5% dip in share price [2] - Jim Cramer expressed confidence in Uber's revenue growth and customer engagement strategies, despite the stock's poor chart performance [2][3] - Cramer noted that the stock's decline below its 200-day moving average is a significant technical indicator [2] Revenue Performance - Uber's reported revenue of $13.47 billion indicates a strong performance against expectations [2] - The company's ability to exceed revenue estimates suggests robust operational capabilities [2] Market Sentiment - The stock's recent decline is attributed to market participants who may not fully understand their investments, leading to sell-offs [3] - Cramer advises patience, suggesting that the current market behavior will eventually stabilize [3] Investment Perspective - While acknowledging Uber's potential, there is a belief that certain AI stocks may offer better returns with lower risk [3]