Jim Cramer Supports Universal Technical Institute as a Hedge Against AI Disruption

Universal Technical Institute, Inc. (NYSE:UTI) is one of the stocks Jim Cramer shared insights on. A caller asked what they should do with the stock during the lightning round. Cramer said:

“No, I thought, look, I think the technical schools are the way of the future. I think that the real jobs are not going to be white collar jobs. All those can be taken away from AI. It’s going to be blue-collar jobs where people have steady income, and that place really helps. That’s my take.”

Stock market reports printed on a sheet of paper. Photo by RDNE Stock Project on Pexels

Universal Technical Institute (NYSE:UTI) provides education and training programs in transportation, skilled trades, and healthcare, awarding certificates, diplomas, and degrees under multiple specialized brands. Additionally, the company offers advanced manufacturer-specific training through campus-based and sponsored programs. In a May episode, a caller inquired about the company, and Cramer responded:

“Okay, this is what we need in the country. It’s a trade school and I think that it jives very well with where we are in the economy. So I’m going to tell you, I think it can continue to go higher because it fits the thesis of what we expect in an era of AI and the need to be on your game in non-AI jobs.”

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