Jim Cramer’s Opinion on 13 Stocks Like Eli Lilly and Boeing and Increased AI-Related Spending

10. Prologis, Inc. (NYSE:PLD)

Prologis, Inc. (NYSE:PLD) was among the stocks on which Jim Cramer gave his opinion, as he warned that increased AI-related spending might cause near-term headwind for stocks. Cramer highlighted the company’s transformation, as he stated:

Not that long ago, Prologis was a logistics play. It’s a real estate investment trust, owns and manages 1.3 billion square feet of logistics facilities across 20 countries, lots of fulfillment centers. But then they realized they could take some of these warehouses and fill them full of servers, get a piece of the data center business. This transition, where AI infrastructure’s a very important addition to warehousing logistics, has helped the stock rally 30% over the past 12 months. They have a lot of interest from the hyperscalers we talk about all the time.

When Prologis reported its most recent quarter, the numbers came in strong even as the company’s investing heavily in the data center buildout. Meanwhile, the core logistics business is improving with large format spaces pretty much sold out across the entire portfolio… The stock’s been a rocket, but it still has a 3% yield. And again… first stock to bottom in the 2008 Great Recession, first stock. That’s one of the reasons why I’ve always liked it so much.

Prologis, Inc. (NYSE:PLD) is a self-administered and self-managed REIT that invests in real estate through wholly owned subsidiaries and partner co-investment ventures.