Jim Cramer on QXO: “Brad Jacobs is Going to Find a Way to Make Money”

QXO, Inc. (NYSE:QXO) is one of the stocks Jim Cramer mentioned in his latest comments. A caller asked if they should buy the stock or wait for a better entry point. Here’s what Mad Money’s host had to say in response:

“All right, that’s Brad Jacobs. Brad Jacobs is going to find a way to make money. Now, I personally do not think the roofing business is that good. He’ll consolidate. He’ll do something special. He’ll come on the network. He’ll look really smart because that’s who he is and what he does.”

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QXO, Inc. (NYSE:QXO) supplies roofing, waterproofing, and building materials, including siding, insulation, and construction accessories. During the September 29 episode, a caller asked about the stock and Cramer replied:

“All I know [is] that’s a Brad Jacobs company. I am a believer in Brad Jacobs and what he’s going to do as a consolidator for roofing. And I like the roofing business.”

While we acknowledge the risk and potential of QXO 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 QXO 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.