12 Stocks on Jim Cramer’s Radar

1. Vertiv Holdings Co (NYSE:VRT)

Number of Hedge Fund Holders: 91

Cramer lauded Vertiv Holdings Co’s (NYSE:VRT) chairman but advised not to “stick your neck out”.

“Okay, look, Vertiv… You need to know that the chairman of Vertiv is Dave Cote. He was my former next-door neighbor. He’s a brilliant industrialist. The stock is down very big. It’s involved with data centers, indeed. It’s actually a data center play and I think the stock has come down enough that I think you should buy some. But… not all, and not all at once. This is a wild trader and if it’s a wild trader, you don’t need to stick your neck out.”

Vertiv (NYSE:VRT) specializes in developing and supporting critical digital infrastructure solutions and lifecycle services designed for data centers, communication networks, and various commercial and industrial sectors. Cramer was bullish on the company in November 2024 as well as he said:

“It’s a pure play data center supplier. It’s a fantastic company with an amazing chairman, Dave Cote… and I like it very much. No Trump issues, but like so many other good stocks, Vertiv’s at $120, not far from the $130 high it reached on Monday. You could put a starter position on here, but I’d rather wait for a little more weakness.”

Since then, Vertiv (NYSE:VRT) has experienced a decline of over 7%.

While we acknowledge the potential of Vertiv Holdings Co (NYSE:VRT) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than VRT but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

Disclosure: None. This article was originally published at Insider Monkey.