Jim Cramer on STMicroelectronics: “We’re Late”

STMicroelectronics N.V. (NYSE:STM) was among the stocks Jim Cramer discussed while explaining how investors can navigate the current market rotation. A caller sought Cramer’s opinion on the stock, and here’s what he had to say in response:

We’re late, we’re late, we’re late. 51 times earnings does not make it for me, even if it’s a good company.

Stock market data. Photo by Burak The Weekender on Pexels

STMicroelectronics N.V. (NYSE:STM) is a semiconductor manufacturer that designs and produces electronic components, including sensors, power management solutions, and microcontrollers. Cramer was bullish on the stock when a caller inquired about it during the January 16 episode. He commented:

It’s cheap. It’s good. Now, people say it’s cheap. What do you mean?…  like 40 times earnings versus the others with growth? It’s actually okay. I would be a buyer of STMicro.

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

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