Eaton Corporation PLC (ETN) Will Benefit From Data Center Spending, Says Jim Cramer

We recently published 10 Stocks On Jim Cramer’s Radar As He Says Trump Has Been Good For Growth. Eaton Corporation PLC (NYSE:ETN) is one of the stocks Jim Cramer recently discussed.

Eaton Corporation PLC (NYSE:ETN) is one of the largest power management products providers in America. The firm’s shares have gained 9% year-to-date but are still down 1.9% from their pre-DeepSeek selloff in January. Eaton Corporation PLC (NYSE:ETN)’s stock, like the stocks of other data center plays, was pummeled after investors questioned whether lofty expectations about AI demand would materialize. Cramer discussed the bearish sentiment and commented that the trend has now reversed:

“No I mean data centers are the story again. Pennsylvania data centers. The building of them would be CoreWeave, the President’s going to Pennsylvania. Pennsylvania being a hub for all these. Everyone wants to play the parts of data center again. It really cooled in April. No one cared. The stocks got killed. But Eaton put out a release saying accelerated transformation of data center infrastructure, in the AI era with NVIDIA. This is power management. You need power management, it’s very much to be able to have a data center. They wanted to have best practices, reference architectures. I think that you can go back to these stocks.”

Cramer discussed Eaton Corporation PLC (NYSE:ETN) after its first quarter results. Here is what he said:

“It is unbelievable. That quarter was not that bad. I can’t believe what’s happened to the stock. We think it should be bought on the spot right now.”

While we acknowledge the potential of ETN 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: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.