Jim Cramer Insisted Recent AI Chip Selloff Wasn’t A Bottom & Discussed These 5 Stocks

2. Element Solutions Inc (NYSE:ESI)

Number of Hedge Fund Holdings in Q1 2026: 35

Chemicals company Element Solutions Inc (NYSE:ESI)’s shares are up by 59% over the past year and by 51% year-to-date. Over the past month, the stock is down by 4.7%. Truist discussed Element Solutions Inc (NYSE:ESI) on April 30th as it raised the share price target to $47 from $38 and kept a Buy rating on the stock. The bank outlined that the company’s first quarter earnings delivered a strong set of results driven by its electronics business. UBS also hiked Element Solutions Inc (NYSE:ESI)’s share price target. It raised the target price to $52 from $43 and kept a Buy rating on the shares. More recently, Solstice announced that it would acquire the firm for a $14.5 billion price target. Cramer discussed the deal and praised Element Solutions Inc (NYSE:ESI):

“The deal is accretive, immediately. The deal moves Solstice into a higher multiple area, which is in semiconductor chips. Qnity, Elements Solutions are the two main companies. David, Solstice also has a sold out to 2030 nuclear fuel business. I happen to think Solstice is a very good win after this. . .I wanna buy Solstice on this.”

In a tweet, he remarked that the acquisition would serve the firm well:

“Solstice to merge with Elemental Solutions? FT says it could happen. This would create a chemical tech powerhouse. Really smart deal. Both could go higher”

The London Company Small-Mid Cap Strategy discussed Element Solutions Inc (NYSE:ESI) in its Q1 2026 investor letter:

“Element Solutions Inc (NYSE:ESI) – ESI rallied on strong demand for specialty chemicals across electronics and industrial coatings end markets. Quarterly results were solid, supported by strong performance in the Electronics business. Recent integrations have expanded their product offerings, providing incremental earnings from high growing businesses. ESI’s timely investments, smart capital allocation and focus on higher growth end markets should enable the company to maintain its outperformance and margin expansion.”