Jim Cramer Says He “Cannot Recommend DigitalBridge”

DigitalBridge Group, Inc. (NYSE:DBRG) is one of the stocks that Jim Cramer shed light on. During the lightning round, a caller asked about the company, and Cramer remarked:

“I’ve studied this company for a very long time, and I have to conclude that it’s just expensive, okay, and I don’t want you in it… I love that you’ve been watching for that long, but I cannot recommend DigitalBridge. I am sorry.”

Jim Cramer Says He "Cannot Recommend DigitalBridge"

Aerial view of a city skyline, with many buildings owned by the real estate arm of the company.

DigitalBridge Group, Inc. (NYSE:DBRG) is a private equity firm that invests in digital infrastructure, including data centers, cell towers, fiber networks, small cells, and edge technologies. On July 1, the company, along with La Caisse, announced the joint acquisition of Yondr Group, a global developer and operator of hyperscale data centers, from Cathexis Holdings. The acquisition strengthens both companies’ digital infrastructure portfolio and supports Yondr’s expansion to meet rising demand for AI and cloud-based data processing.

While we acknowledge the risk and potential of DBRG 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 DBRG 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.