We recently published Jim Cramer Discussed These 10 Stocks & AI-Led Job Growth. Cummins Inc. (NYSE:CMI) is one of the stocks Jim Cramer recently discussed.
Cummins Inc. (NYSE:CMI) is an industrial machinery firm slated to benefit from growing data center construction, according to Jim Cramer. The firm’s shares are down by 1.6% year-to-date as the firm has joined other vehicle companies to assess the impact of tariffs on its business. Cummins Inc. (NYSE:CMI)’s stock might have been worse off had it not been for surging interest in data center build out. Here is what Cramer said:
“No I mean data centers are the story again. Pennsylvania data centers. The building of them would be CoreWeave, the President’s going to Pennsylvania. Pennsylvania being a hub for all these. Everyone wants to play the parts of data center again. It really cooled in April. No one cared. The stocks got killed. . .I think that you can go back to these stocks. . . .Cummins is there.”
Previously, the CNBC TV host discussed Cummins Inc. (NYSE:CMI)’s share price movements after EPA announcements, which led to worries about advance demand for the firm’s products evaporating:
A mechanic standing proudly in a factory floor surrounded by the engines the company produces.
“[On stock moving after EPA’s latest comments] Well, they’ve always, anytime there has been like a tightening of the rules, they always, these companies have done well in pre buy. It’s like wow, I can go buy all the engines now before the tariffs so to speak of the EPA. And they lost that wind behind their back.”
While we acknowledge the potential of CMI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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