Nucor (NUE) is a Data Center Stock, Says Jim Cramer

We have recently shared Jim Cramer Made A Big Prediction About OpenAI & Discussed These 20 Stocks. Nucor Corporation (NYSE:NUE) is one of the stocks discussed by Jim Cramer.

Nucor Corporation (NYSE:NUE) is one of the largest steel manufacturers in the US. While Cramer regularly discussed the firm in 2025, it seems to have slipped off his radar in 2026. In 2025, the CNBC TV host often commented on Nucor Corporation (NYSE:NUE) in the context of Japanese firm Nippon acquiring US Steel and Chinese steel hurting US manufacturers. Nucor Corporation (NYSE:NUE)’s shares are up by 89% over the past year and 32% year-to-date. JPMorgan discussed the firm on April 14th, as it raised the share price target to $212 from $198 and kept an Overweight rating on the stock. The coverage came after Goldman Sachs had discussed Nucor Corporation (NYSE:NUE)’s stock on April 1st. The bank had set a Buy rating and a $210 share price target and remarked that the steel company could benefit from steel tariffs and a growth in private non-residential construction. This time around, Cramer tweeted about Nucor Corporation (NYSE:NUE) in the context of the data center industry:

“Crazy as it sounds Nucor might be the best of the undiscovered data center plays!”

Nucor (NUE) is a Data Center Stock, Says Jim Cramer

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

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