Was Jim Cramer Right About AMETEK (AME) Stock?
Back in 2024, on May 14, a caller asked about AMETEK, Inc (NYSE:AME), praising its chart and its role in electromechanical devices and gas analyzers for the semiconductor industry at the time. Cramer was enthusiastic back then, saying:
"Oh man, come on, AME? Just one of the great industrials too. I mean, absolutely terrific company. Used to own a ton of it when I was at my hedge fund. I like what you're up to."
Cramer's endorsement was modestly correct, with the stock rising 6.43% over the past year.
AMETEK, Inc. (NYSE:AME) is a global manufacturer of precision instruments and electromechanical devices used across aerospace, power, and semiconductor industries.
While we acknowledge the potential of AME to grow, 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 AI stock that is more promising than AME and that has 100x upside potential, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
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