Jim Cramer Blesses New Era Energy But as a Spec

New Era Energy & Digital, Inc. (NASDAQ:NUAI) is one of the stocks Jim Cramer offered insights on. Making a note of their propensity for speculation, a caller asked about the stock, and Cramer said, “… If you want your spec to be that, I am going to bless it.”

New Era Energy & Digital, Inc. (NASDAQ:NUAI) is an exploration and production company focused on helium, oil, natural gas, and natural gas liquids. On November 6, the company announced a land option purchase agreement for approximately 3,500 acres in Lea County, New Mexico, to develop a large-scale AI data center campus. The project is expected to include over 2 GW of natural gas generation and a planned 5+ GW nuclear installation, with initial power delivery targeted for 2028. CEO of New Era Energy & Digital, Inc. (NASDAQ:NUAI), E. Will Gray II said:

“Lea County’s deep energy heritage provides a foundation of skilled talent that directly supports our next-generation digital infrastructure vision. We believe this development will not only drive economic growth and high-tech job creation but also leverage New Mexico’s natural resources to power the future of AI innovation.”

While we acknowledge the potential of NUAI 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. This article is originally published at Insider Monkey.