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Is Steel Dynamics (STLD) the Best Cheap Jim Cramer Stock to Buy?

Steel Dynamics, Inc. (NASDAQ:STLD) is one of the 10 Cheap Jim Cramer Stocks to Invest In Right Now.

On June 12, 2026, Bank of America raised its price target on Steel Dynamics, Inc. (NASDAQ:STLD) from $250 to $285 while maintaining a Neutral rating on the company’s stock. With the second-quarter earnings guidance from Nucor (NUE) and Steel Dynamics, Inc. (NASDAQ:STLD) expected to arrive in the following week, BofA marked-to-market their Q2 steel price forecasts. After updating estimates across the North American steel and metal service centers sector, the firm raised its price targets for the group by 9% on average.

Prior to this, on June 10, 2026, JPMorgan made separate adjustments to Steel Dynamics, Inc. (NASDAQ:STLD)’s price target, notably raising it from $210 to $262. The firm kept a Neutral rating on the stock. JPMorgan’s update on the company’s PT was part of the firm’s mid-quarter preview. The firm anticipates positive results from the company’s Q2 report, with the outlook for the latter half of 2026 better than seasonal. Notably, the firm perceives the U.S. steel industry as a relatively safe haven.

The stock also gained a positive view from Cramer, with the Mad Money host pointing to Steel Dynamics, Inc. (NASDAQ:STLD) as a great company in the Lightning Round on May 8, 2026.

Steel Dynamics is a great company. Why would you do anything other than [buy, buy, buy]?

Steel Dynamics, Inc. (NASDAQ:STLD), founded in 1993, is one of the largest domestic steel producers and metals recyclers in North America. Headquartered in Indiana, the company utilizes electric arc furnaces to create low-carbon-emission steel.

While we acknowledge the risk and potential of STLD 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 STLD and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Safest Dividend Stocks to Buy Right Now and Chase Coleman’s Tiger Global Portfolio: 10 Best Stocks to Buy

Disclosure: None.  Follow Insider Monkey on Google News.

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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Buy This $3 Stock Now Before the 400% Surge Begins

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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