Jim Cramer Commented on 12 Stocks Linked to Data Centers

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8. Tesla, Inc. (NASDAQ:TSLA)

Number of Hedge Fund Holders: 126

Discussing Tesla, Inc. (NASDAQ:TSLA), Mad Money’s host said:

“Suddenly the data center feels fragile. The tech titans, Amazon, Alphabet, Meta, Oracle, Microsoft, throw in Tesla, have been dependent on this data center and the spend.”

Tesla (NASDAQ:TSLA) designs, produces, and sells electric vehicles and energy solutions, providing services such as vehicle sales, financing, energy storage products, as well as solar energy systems and related services to a wide range of customers.

Baron Partners Fund stated the following regarding Tesla, Inc. (NASDAQ:TSLA) in its Q4 2024 investor letter:

“Tesla, Inc. (NASDAQ:TSLA) designs, manufactures, and sells electric vehicles, related software and components, and solar and energy storage products. Shares rose on growth in the energy segment, the promise of new model launches in 2025, and increasing investor confidence in Tesla’s AI initiatives. Despite macroeconomic challenges, delivery data in major markets like China have shown considerable improvement. The energy and automotive segments demonstrated stronger-than-expected profitability. Tesla also expanded its advanced computing center in Texas, released improved version of its software-enhanced driving solution, and is set to launch new mass market vehicles years after the initial rollouts of Models 3 and Y. Expectations of deregulation under the incoming administration point to the potential acceleration of new technology rollouts, which could enhance Tesla’s leadership position in real world AI and bolster investor confidence that Tesla will benefit from these large and attractive growth opportunities.”

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