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Carrier Global Corporation (NYSE:CARR) was among the stocks Jim Cramer highlighted, as he discussed the massive AI infrastructure buildout. Cramer highlighted the market’s reaction after the company reported, as he said:
Eaton, based in Ohio, makes the transformers needed to put that electricity into the data center. And when that electricity gets in there, well, you know what? It burns real hot. We know that Eaton has cooling technology, so does Vertiv, but the one that was up the biggest today was Carrier, you know, the air conditioning company. It’s up almost 9% after reporting a big upside surprise. I think this quarter may be the beginning of a multi-year move for the climate control company. Also had very good numbers out of Europe.
Stock market data. Photo by Photo by Alesia Kozik
Carrier Global Corporation (NYSE:CARR) provides climate and energy solutions through its HVAC and refrigeration products and services. During the March 27 episode, a caller asked Cramer about how the company can capitalize on the rising demand for “complex cooling solutions” due to data center build-out, and he replied:
No, you’re not going to, if you want to do that, that’s Vertiv. Vertiv is still the one… Carrier just doesn’t, Carrier doesn’t have the horses.
While we acknowledge the potential of CARR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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