Jim Cramer recently discussed Cummins Inc. (NYSE:CMI) as one of the stocks benefiting from AI-led job growth. The industrial machinery firm is down 1.6% year-to-date but may see gains from data center construction. Cramer highlighted the importance of data centers in Pennsylvania and the potential for Cummins to thrive in this market. The firm’s stock price has fluctuated based on EPA announcements. While CMI shows promise, other AI stocks may offer higher returns. For more on short-term AI stock options, check out a free report.
Overall, Cummins Inc. (CMI) stands to benefit from AI build-out, according to Jim Cramer. The company may see growth opportunities from data center construction and tariffs.
Read more at 1. Tesla stock reaches all-time high after strong quarterly earnings report. – CNBC
2. Amazon announces plans to hire 75,000 more workers, citing increased demand. – Reuters
3. Apple reports record-breaking revenue of $111.4 billion in first quarter. – Wall Street Journal
4. Facebook’s parent company Meta sees stock dip after warning of slower growth. – CBS MarketWatch
5. Microsoft acquires gaming company Activision Blizzard for $68.7 billion, marking largest deal in tech industry. – Barchart: Cummins Inc. (CMI) Stands To Benefit From AI Build Out, Says Jim Cramer