Jim Cramer on Carrier Global: “This Quarter May Be the Beginning of a Multi-Year Move”

Carrier Global Corporation (NYSE:CARR) was among the stocks Jim Cramer highlighted, as he discussed the massive AI infrastructure buildout. Cramer highlighted the market’s reaction after the company reported, as he said:

Eaton, based in Ohio, makes the transformers needed to put that electricity into the data center. And when that electricity gets in there, well, you know what? It burns real hot. We know that Eaton has cooling technology, so does Vertiv, but the one that was up the biggest today was Carrier, you know, the air conditioning company. It’s up almost 9% after reporting a big upside surprise. I think this quarter may be the beginning of a multi-year move for the climate control company. Also had very good numbers out of Europe.

Stock market data. Photo by Photo by Alesia Kozik

Carrier Global Corporation (NYSE:CARR) provides climate and energy solutions through its HVAC and refrigeration products and services. During the March 27 episode, a caller asked Cramer about how the company can capitalize on the rising demand for “complex cooling solutions” due to data center build-out, and he replied:

No, you’re not going to, if you want to do that, that’s Vertiv. Vertiv is still the one… Carrier just doesn’t, Carrier doesn’t have the horses.

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

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