Block, Inc. (NYSE:XYZ) is one of Jim Cramer’s Biggest Cryptocurrency and Blockchain Stock Hits & Misses.

Block, Inc. (NYSE:XYZ) is a payments platform and products provider. Its shares are up by 6.4% over the past year and by 20% since Cramer discussed the firm in May. The shares surged by 12% between July 17th and 22nd, amidst news such as its inclusion into the illustrious S&P 500 index. However, they closed 7.7% lower on November 7th following the firm’s fiscal third quarter earnings report. The results saw Block, Inc. (NYSE:XYZ) post $6.1 billion in revenue and $0.54 in adjusted earnings to miss analyst estimates of $6.31 billion and $0.67. Some of the reasons that management attributed to the slow growth were higher hardware sales and a different payment processing partner. Year-to-date, Block, Inc. (NYSE:XYZ)’s shares are down by 11.3%. One notable movement came in February when they closed 16.8% higher on February 27th. The rise occurred after the firm’s fourth quarter earnings saw it annually grow gross profit by 24%. Here is what Cramer had said about Block, Inc. (NYSE:XYZ) on Squawk on the Street in May 2025:

“There’s a piece, an impenetrable piece by Bank of America about, I mean I love NVIDIA. . .I couldn’t get through this one. I mean, come on, guys. Put in some, a little verbiage, like we saw on Square, now X, now XYZ, now Block, now Sell. They should change it into Sell. That would be good. SELL.”

While we acknowledge the potential of XYZ 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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