5 Stocks on Jim Cramer’s Radar: Corning, Marvell, and AI Stocks’ Dip

4. Nucor Corporation (NYSE:NUE)

Nucor Corporation (NYSE:NUE) was among the stocks on Jim Cramer’s Mad Money radar as he discussed the recent sell-off in AI-related stocks. Discussing the company’s recently reported quarter, Cramer said:

Look at Nucor go. Last night, the biggest and best steel maker in America reported an amazing set of numbers that kind of blew me away, frankly. Nucor delivered a 42-cent earnings beat off a $2.81 basis, higher than expected sales, up 21% year over year. Now, that’s not just from tariff-induced higher pricing… It’s also, it’s extremely high demand. Nucor had record quarterly shipment volumes, and management gave strong guidance for the current quarter.

That’s why the stock’s been such a monster, up more than 90% over the past 12 months, including a quick 4.7% gain today. No one was really counting on this to happen. UBS downgraded the stock today from Buy to Hold, arguing that it’s run too much. I think that’s wrong, given that we’re building data centers all over the country, reshoring a ton of manufacturing, on top of the fact that steel tariffs protect them from foreign dumping.

Nucor Corporation (NYSE:NUE) manufactures steel and steel products, including sheet, plate, bar, and structural steel. The company also produces raw materials, metal products, and industrial gases for construction, manufacturing, and energy applications.