10 Stocks On Jim Cramer’s Radar As He Says Trump Has Been Good For Growth

2. Caterpillar Inc. (NYSE:CAT)

Number of Hedge Fund Holders In Q1 2025: 62

Caterpillar Inc. (NYSE:CAT) is a mega agricultural and construction machinery provider. The firm’s shares have gained 13% year-to-date. However, the stock might have been worse off had it not been for increased data center construction activity. Wall Street and technology giants are increasingly bullish about AI, leading to some, like Meta’s Mark Zuckerberg, aiming to build data centers that are the size of Manhattan. In his previous comments about Caterpillar Inc. (NYSE:CAT), Cramer has commented that the firm has benefited from the data center build outs. He kept the optimism this time around as well:

“No I mean data centers are the story again. Pennsylvania data centers. The building of them would be CoreWeave, the President’s going to Pennsylvania. Pennsylvania being a hub for all these. Everyone wants to play the parts of data center again. It really cooled in April. No one cared. The stocks got killed. . . . think that you can go back to these stocks,. . .Caterpillar’s there. . . .You want to be there again, because the building is continuing and I just feel like, wow it’s a pretty good time.”

Previously, the CNBC TV host discussed Caterpillar Inc. (NYSE:CAT) and the data center build out:

“[On Melius pointing out that bubbles remain a worry] Well what are you going to do when you out one of those up, they really, they really like CAT. . . .look I think that the buildout, you can’t do what Amazon wants, and Alphabet wants, and, of course what Musk wants, what Zuckerberg wants, without more data centers. It’s just a, it’s remember, Jensen Huang, it says it’s an industrial revolution, and it would be like if you were doing steam engines and you said you know what we don’t need as many steam engines, I can predict.”