We recently published a list of 10 Stocks on Jim Cramer’s Radar These Days. In this article, we are going to take a look at where BlackRock Inc (NYSE:BLK)stands against other stocks on Jim Cramer’s radar.

Jim Cramer in a latest program on CNBC talked about the latest trends in the AI data center industry and said that based on reports from some of the leading companies, there is no  slowdown in demand:

“Now that earning season is well underway, we’ve heard from a bunch of companies connected to the AI data center theme, and you know what? They’ve been putting up pretty darn good numbers. It’s almost like there was never anything wrong with the AI infrastructure story in the first place.”

Cramer then talked about several major AI companies and said that most top firms are seeing strong demand for data centers. He believes Satya Nadella-led tech giant slowed down its AI spend amid its “breakup” with OpenAI.

“Wall Street’s become very skeptical, and I don’t think that’s really changed. But looking at what we’ve seen so far this earning season, I’m feeling much more sanguine about the story, especially if we get some more trade war de-escalation from the White House and stocks stay as cheap as they are. And man, are they ever cheap.”

READ ALSO 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In

For this article, we picked 10 stocks Jim Cramer recently talked about during his shows on CNBC. With each company, we have mentioned its latest hedge fund sentiment. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

BlackRock Inc (NYSE:BLK)

Number of Hedge Funds Investors: 37

Jim Cramer in a latest program on CNBC said his charitable trust owns a stake in BlackRock Inc (NYSE:BLK) and he believes the stock has more upside potential amid Trump’s infrastructure plans.

“We own BlackRock for the charitable trust. Oh, it’s been a complete… It’s been trying to crack into infrastructure, but it hadn’t really done anything. Well, wait a second, CEO Larry Fink had a brilliant idea. Trump wants to take back the Panama Canal. You know, there are ports on either side, and they’re owned by a Hong Kong-based company that were for sale. Well, Fink wanted them. The company CK Hutchison wanted to sell these two and others. Why not buy them, put them in through that new infrastructure portfolio that Fink bought? Others had the same idea, but Fink got those properties, and now he has the premier infrastructure product in the world. Trump obviously loved the deal. These BlackRock shares… what do they do well? They’re still down 5% for the year and way below where the company traded after its last good quarter. It’s ridiculous. I think BlackRock stock is worth much more than it’s selling for. We’re buying for the trust.”

The London Company Large Cap Strategy stated the following regarding BlackRock, Inc. (NYSE:BLK) in its Q3 2024 investor letter:

“BlackRock, Inc. (NYSE:BLK) – Shares of BLK rallied during 3Q as organic growth improved sequentially. Our long-term view of BLK has not changed. In the near-term, strong equity market performance is supportive of AUM and fee growth, and, visibility on declining interest rates is a potential tailwind to the fixed income ETF business. We continue to view BLK as a long-term share gainer with a broad spectrum of solutions, and we appreciate the strong balance sheet and steady capital return.”

Overall, BLK ranks 7th on our list of stocks on Jim Cramer’s radar. While we acknowledge the potential of BLK, our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than BLK but that trades at less than 5 times its earnings, check out our report about the cheapest 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.