Jim Cramer Says “The Street Has Decided That S&P Global Isn’t Worth as Much as We Thought”

S&P Global Inc. (NYSE:SPGI) is one of the stocks in focus on Jim Cramer’s game plan. Cramer highlighted how the stock is trading because of AI, as he commented:

On Tuesday, we’re back in heavy earnings rotation. We’ve got DuPont, Coca-Cola, CVS Health, AstraZeneca, Datadog, and S&P Global report… Next, we have the tales of powerful AI companies destroying little guys, and this time it’s Datadog and S&P Global… Meanwhile, somehow, the Street has decided that S&P Global isn’t worth as much as we thought, again, because of AI. Maybe the AI machines can design better indices, and you don’t have to pay S&P Global exorbitant fees to use them. I don’t buy it. But that’s how the stock has been trading… I don’t want to own this one either.

A stock market chart. Photo by Arturo A on Pexels

S&P Global Inc. (NYSE:SPGI) provides credit ratings, data benchmarks, and analytical tools for the finance, commodity, and automotive markets. The company offers investors and professionals the research and software needed to track market trends, evaluate risk, and manage investments.

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

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.