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Riot Platforms, Inc. (NASDAQ:RIOT) is among the stocks Jim Cramer reviewed while discussing the Iran ceasefire that triggered a relief rally. A caller asked if the stock is a buy, sell, or hold, and Cramer replied:

If you want that, you just go buy Bitcoin. And I’m happy if you go buy Bitcoin, but just don’t complicate things; just go buy Bitcoin.

Photo by bitcoin executium on Unsplash

Riot Platforms, Inc. (NASDAQ:RIOT) is a Bitcoin mining and infrastructure company that also designs and manufactures specialized power distribution equipment. The company provides electrical products and installation services for data centers and industrial utility customers. During the episode aired on August 6, 2025, a caller inquired about the stock during the lightning round, and Cramer responded:

No, see, that’s, again, I mean that’s just too dicey for me. I know in the end, I don’t look like, I may look like a radical, but I’m not when it comes to money, except for when it comes to orientation and not just doing S&P funds, but also doing individual stocks.

It is worth noting that since the above comment was aired, Riot Platforms, Inc.’s (NASDAQ:RIOT) share price is up by over 38%.

While we acknowledge the potential of RIOT 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.

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