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Cleveland-Cliffs Inc. (CLF) Wants To Lower Its Debt, Says Jim Cramer

We recently published 11 Stocks That Jim Cramer Recently Talked About. Cleveland-Cliffs Inc. (NYSE:CLF) is one of the stocks Jim Cramer recently discussed.

Cleveland-Cliffs Inc. (NYSE:CLF) is an American steel manufacturer whose shares have gained 16.7% year-to-date. July has been a good month for the stock as it has gained 17.4% since the 18th. Cleveland-Cliffs Inc. (NYSE:CLF)’s shares have gained on the back of a strong earnings report, which saw the firm share that it expects greater-than-expected demand from the key automobile sector. Cramer discussed Cleveland-Cliffs Inc. (NYSE:CLF) in the context of recent remarks made by the firm’s CEO:

“I mean I talked to Cleveland-Cliffs last night. To Lorenzo Goncalves. And he needs capital. He absolutely wants to lower the amount of debt. But he’s also conscious that it would be incredibly dilutive.

“He’s trying to get Canada to have tariffs, too. Big tariffs. Look he’s worried about transshipment. He’s trying to stop transshipment. He thinks there are a lot of countries that dump through Canada, that dump through Mexico.”

In his earlier remarks, the CNBC TV host discussed Cleveland-Cliffs Inc. (NYSE:CLF) after its quarterly earnings:

“What do we make of this incredible comeback in Cleveland-Cliffs stock today, the vertically integrated steel maker focused on value-added steel products, particularly for the auto industry. This stock plunged from the low 20s early last year down to five bucks and change this past May when President Trump approved, and you know I’m against this, the Nippon Steel acquisition of U.S. Steel, which Cleveland-Cliffs also wanted to buy.

But shortly after the deal was approved, Cliffs got a gift from the administration. The president doubled the tariff on steel imports from 25% to 50%. In response, the stock jumped 23% in a single session. And it’s never looked back because, well, the president may have saved the industry, and it exploded higher once again today, up more than 12% when Cleveland-Cliffs reported a better-than-expected quarter. There’s a sense that business will only get better as we process the higher steel tariffs.”

While we acknowledge the risk and potential of CLF 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 time frame. If you are looking for an AI stock that is more promising than CLF and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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Wall Street calls this $3 stock a “Melting Ice Cube.” They said the same thing about BTI before it returned 90%.

Dr. Inan Dogan

Dr. Ian Dogan

Co-Founder and Research Director at Insider Monkey

My name is Inan Dogan. I’m the co-founder and Research Director of Insider Monkey. I have an important message for you today.

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We looked under the cover and realized they were wrong.

We alerted our subscribers, and BTI returned 90% in just 16 months.

Now if you had invested just $10,000 in BTI in June 2024, you’d be sitting on $19,000 in October 2025.

Today, we have identified a nearly identical pattern in a digital-first giant trading at $3.

While the market panics over a surface-level revenue decline, our PhD-led research shows management has actually surgically cut $100 million in waste to focus on high-margin growth.

This pattern is a hallmark of our 16.5% annual return track record. The current opportunity offers a 400% upside potential—dwarfing even our 90% BTI return.

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