Dover Corporation (DOV) Will Benefit Through Cryogenic Cooling Of AI Datacenters, Says Jim Cramer

We recently published 13 Stocks That Jim Cramer Recently Talked About. Dover Corporation (NYSE:DOV) is one of the stocks Jim Cramer recently discussed.

Dover Corporation (NYSE:DOV) is an industrial machinery company whose shares have lost 1.8% year-to-date. Its shares have struggled due to broader bearishness surrounding industrial stocks, which has also affected other industrial firms. Cramer’s previous comments about Dover Corporation (NYSE:DOV) have pointed out that despite the fact that the firm had an “unbelievable” recent quarter, its stock was sold down. This time, he discussed the firm in the context of the AI wave and the potential need for cryogenic cooling:

“Cryogenic is, look, look, we own Dover for the charitable trust in part because Mr.Tobin came on and said, eventually, they’re gonna have to use cryogenics to keep the data centers cool. Now Jensen Huang said absolutely not. It costs too much money. But if they keep putting hot stuff in there, you’re going to need everything that you can.”

Photo by Jacek Dylag on Unsplash

Here are Cramer’s remarks about Dover Corporation (NYSE:DOV) after the firm’s earnings report:

“And I’m going to throw in a third one. Dover. With another unbelievable quarter. Very big guide up. Stock is down. Whoever is selling these, things Carl, they’re not trying to paint the tape. They just don’t understand how stocks work. Because we have real major industrial companies that are doing incredibly well. And it’s almost like if they’re not merging, we don’t want to own them, if they’re not AI, we don’t want to. own. They’re other things worth owning. . . Dover’s worth buying, right here. . . Dover, Honeywell beat and raise.”

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