Jim Cramer Discusses These 10 Stocks & Dissects President Trump’s China Tariffs

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1. Illumina, Inc. (NASDAQ:ILMN)

Number of Hedge Fund Holders In Q3 2024: 54

Illumina, Inc. (NASDAQ:ILMN) is a sizable healthcare company that caters to the needs of the genetic testing and genomic industries. Its products target a nascent industry that typically thrives when rates are low as firms and institutions can fork out large expenditures for research and other purposes. As a result, Illumina, Inc. (NASDAQ:ILMN)’s shares are down by 25.4% over the past year. During the day Cramer’s comments were aired, China had announced restrictions against the firm. Since then, the stock is down by 18%, but Cramer dismissed any major impacts that Chinese restrictions on Illumina, Inc. (NASDAQ:ILMN) might have on the US industry:

“Illumina, there’s two other companies that do what they do.”

ILMN is a stock Jim Cramer recently discussed. While we acknowledge the potential of ILMN as an investment, our conviction lies in the belief that some 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 ILMN 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

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