nVent Electric plc (NYSE:NVT) is one of the stocks on which Jim Cramer expressed his thoughts. Calling it a “picks and shovels type play for data centers,” a caller inquired about the stock, and Cramer replied:
Yep, you got it. That’s absolutely right. That’s exactly how I would describe that. It’s like a mini Vertiv. Good call.
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nVent Electric plc (NYSE:NVT) provides electrical connection and protection systems used to secure infrastructure, data centers, and power management applications. Artisan Partners stated the following regarding NVent Electric plc (NYSE:NVT) in its third quarter 2025 investor letter:
Our top contributors included NVent Electric plc (NYSE:NVT), Polaris and ICON. nVent Electric is a provider of electrical connections and protection solutions. Shares were up strongly after the company reported strong organic sales growth driven by momentum in its data center and power utilities businesses. nVent has a leading position in liquid cooling solutions, a small piece of its overall revenue mix, which have experienced strong demand as hyperscalers invest huge sums to build out artificial intelligence (AI) infrastructure. Liquid cooling is used in data centers to manage the heat generated by high performance computing, including AI. As AI usage grows, these solutions are increasingly important for energy efficiency, sustainability and cost management. Prior to the April selloff, nVent’s stock fell in sympathy with other AI beneficiaries after the emergence of the Chinese DeepSeek AI model temporarily spooked markets. We added to our position at that time as there was little evidence of a change in the company’s fundamental underpinnings. Rapid growth in the business over the past few years has been supported by multiple secular tailwinds—electrification, clean energy, energy efficiency, digitalization and onshoring, to name a few—in addition to AI. The company has also executed well, allocating capital wisely by deploying free cash flow into product development, accretive M&A and return of capital via dividends and share repurchases.
While we acknowledge the risk and potential of NVT 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 NVT and that has 10,000% upside potential, check out our report about this cheapest AI stock.
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