Jim Cramer on Amphenol: “It’s Just a Rocket Ship”

Amphenol Corporation (NYSE:APH) is one of the stocks Jim Cramer recently expressed his thoughts on. Answering a caller’s query about the stock during the lightning round, Cramer said:

“Oh, that’s a good company, man. It’s just, it’s just a rocket ship, I know, but it’s a good company. Is it cheap? No, but some… good companies are not going to be cheap. I like that call, and I like the idea that you’re getting it. We are not traders, okay? We are compounders.”

Stock market data showing an upward trajectory. Photo by Burak The Weekender on Pexels

Amphenol Corporation (NYSE:APH) develops and markets connectors, interconnect systems, cables, antennas, and sensor products. The company’s solutions support sectors including automotive, aerospace, communications, IT, and defense. Cramer called it an amazing company in an August episode, as he stated:

“Okay, this is an amazing company because it really, before we really got all excited about the data center, it was really just a kind of coaxial cable company. It is highly valued right now. It’s in the high 30s multiple. I can’t say chase the stock. If I owned it, I guess I’d hold it. That’s all I can say.”

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

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