We recently published a list of 10 Stocks on Jim Cramer’s Radar These Days. In this article, we are going to take a look at where Albemarle Corporation (NYSE:ALB) stands against other stocks on Jim Cramer’s radar.
Jim Cramer in a latest program on CNBC talked about the latest trends in the AI data center industry and said that based on reports from some of the leading companies, there is no slowdown in demand:
“Now that earning season is well underway, we’ve heard from a bunch of companies connected to the AI data center theme, and you know what? They’ve been putting up pretty darn good numbers. It’s almost like there was never anything wrong with the AI infrastructure story in the first place.”
Cramer then talked about several major AI companies and said that most top firms are seeing strong demand for data centers. He believes Satya Nadella-led tech giant slowed down its AI spend amid its “breakup” with OpenAI.
“Wall Street’s become very skeptical, and I don’t think that’s really changed. But looking at what we’ve seen so far this earning season, I’m feeling much more sanguine about the story, especially if we get some more trade war de-escalation from the White House and stocks stay as cheap as they are. And man, are they ever cheap.”
READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In
For this article, we picked 10 stocks Jim Cramer recently talked about during his shows on CNBC. With each company, we have mentioned its latest hedge fund sentiment. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Albemarle Corporation (NYSE:ALB)
Number of Hedge Fund Investors: 35
Jim Cramer was recently asked about Albemarle Corporation (NYSE:ALB) during the Lightning Round segment of his program. Cramer recommended investors stay away from the stock.
“I can’t go with it. I can’t go. I’ll tell you why I can’t go with it—because in the end, we forgot about EVs. I mean, we’re pretty sure we’re going to be buying gas guzzlers. I want to stay away from that one, but so does everybody else. That’s the only problem.”
The London Company Large Cap Strategy stated the following regarding Albemarle Corporation (NYSE:ALB) in its Q2 2024 investor letter:
“Exited: Albemarle Corporation (NYSE:ALB) – Sold our remaining position in ALB after the stock triggered our soft stop loss review. We are concerned that weaker demand in the US for electric vehicles coupled with greater than expected supply of lithium reaching the market may lead to declining lithium prices. This will likely lead to lower cash flow generation in the years ahead, which weakens the downside protection case for the stock.”
Overall, ALB ranks 9th on our list of stocks on Jim Cramer’s radar. While we acknowledge the potential of ALB, our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than ALB but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
