Jim Cramer: Don’t let Meta’s post-earnings plunge scare you out of the stock

CNBC's Jim Cramer said Meta Platforms ' post-earnings decline isn't a reason to jump ship on the stock. Shares are headed for their worst session in six months after a spending outlook raise sent the Facebook parent down over 9% Thursday. Still, Cramer remains a firm believer in CEO Mark Zuckerberg's vision for the company. "My Charitable Trust has faith in him," Cramer said during "Squawk on the Street." "We have faith in Zuckerberg." After all, there have been several times where Wall Street soured on Meta over the years but the stock still managed to bounce back. Zuckerberg's massive metaverse costs and company-wide rebrand in 2022? It led to Meta's worst year ever. But the stock staged a multi-year comeback, starting in 2023 after management changed its strategy to focus on the "year of efficiency ." META YTD mountain Meta Platforms YTD Cramer understands why investors are concerned. Meta's ramped up its generative artificial intelligence spending so much over the past year. Although management reiterated Meta's 2026 total expense guidance, the tech behemoth hiked its capital expenditures by $10 billion at the midpoint. Making matters worse, Bloomberg News reported that Meta is looking to raise up to $25 billion through a bond sale to fund its AI expansion even further. "Meta's got some thinking to do," Cramer said. "They're like the Treasury. They have to finance every quarter." Unlike its Big Tech counterparts, Meta do not have a cloud. …