Dionysis Partsinevelos
2 min read
We recently published a list of Jim Cramer Nailed These 11 Stock Predictions. In this article, we are going to take a look at where KLA Corporation (NASDAQ:KLAC) stands against other stocks that Jim Cramer discusses.
A caller reported that their position in KLA Corporation (NASDAQ:KLAC) had nearly tripled and asked for guidance on profit-taking. Cramer advised a classic approach back then:
“It’s tripled — I want you to take out half. Let the rest run, then you’ll be in great shape. Can’t lose your money and I think that’ll be perfect.”
Good, measured call by Cramer as the stock has been flat since, rising only by +2.87%.
The inner workings of a semiconductor manufacturing facility, neon hued machines humming with activity.
KLA Corporation (NASDAQ:KLAC) is a semiconductor equipment company specializing in process control and yield management systems used in advanced chip manufacturing.
Cramer thinks there’s more downside to stocks like Lam and KLA. Here’s what he said on February 25:
“I had Lam on and I had KLA on, and they’ve already taken the big hit. They could take another hit.”
Overall, KLAC ranks 10th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of KLAC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
