Noor Ul Ain Rehman
2 min read
In This Article:
United States Steel Corporation (NYSE:X) is one of the 10 Hot Large Cap Stocks to Buy Now. On June 13, United States Steel Corporation (NYSE:X) announced that President Trump approved a $14.9 billion historic partnership between X and Nippon Steel, culminating an 18-month-long effort by the two companies that dealt with two national security reviews and union opposition. The partnership is expected to unleash unprecedented steelmaking investments in the country, creating and protecting over 100,000 jobs.
The companies have also entered into a National Security Agreement (NSA) with the US government, providing that around $11 billion in new investments will be made by 2028. This includes the initial investment in a greenfield project, expected to be completed after 2028, along with commitments related to governance, domestic production, and trade matters.
An aerial view of an industrial plant manufacturing welded pipes and tubes from stainless steel and galvanized carbon.
The companies have completed the US Department of Justice review process, with all required regulatory approvals for the partnership in place. United States Steel Corporation (NYSE:X) ranks fifth on our list of the best hot large cap stocks to invest in now. The company manufactures and sells steel products, and operates through the following segments: Flat-Rolled Products, Mini Mill, U.S. Steel Europe, and Tubular Products.
While we acknowledge the potential of X as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None.
