Critical Metals (CRML) Drops 6% as on ‘Sell’ Reco

We recently published 10 Stocks With Massive Losses; AI Stocks Not Spared. Critical Metals Corp. (NASDAQ:CRML) is one of the worst performers on Monday.

Critical Metals declined by 6.14 percent on Monday to end at $19.58 apiece as investors took path from a former hedge fund manager’s recommendation to start cashing in on profits.

In the latest episode of Mad Money, host and former hedge fund manager Jim Cramer told a caller to start cashing in on Critical Metals Corp. (NASDAQ:CRML).

“It is time to [take profits in] Critical Metals. You need President Trump to go in there and buy 10 percent of the company—I don’t think it’s going to happen,” Cramer said.

Additionally, optimism for the stock tapered off after trade tensions between the US and China eased.

Critical Metals Corp. (NASDAQ:CRML) has been riding the geopolitical tensions over the past few weeks following China’s new policy to curb rare earth exports that fueled fears of another supply shortage. The curbs sparked optimism for US rare earth producers on expectations that the export restrictions would push customers to look elsewhere for supplies.

Critical Metals (CRML) Drops 6% as on 'Sell' Reco

Rare earth metals are critical in the growth of the overall economy, as production of various industries, including semiconductors, aerospace, and automotive, heavily relies on the said minerals.

While we acknowledge the risk and potential of CRML 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 CRML 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.