PG&E Corporation (PCG)'s CEO Believes There's More Than Enough Power For AI, Says Jim Cramer

We recently published 12 Latest Stocks on Jim Cramer's Radar . PG&E Corporation (NYSE:PCG) is one of the stocks Jim Cramer recently discussed.

PG&E Corporation (NYSE:PCG) is one of the more interesting stocks on Jim Cramer’s radar. In a morning appearance on October 20th, the CNBC TV host turned the argument of power shortage for AI compute on its head when he commented that PG&E Corporation (NYSE:PCG)’s CEO, Patty Poppe, had told him that the problem didn’t lie with power supply but with load balancing. Naturally, as the discussion shifted to AI power demand, Cramer mentioned PG&E Corporation (NYSE:PCG):

“[On how some data centers were just sitting without any power] Okay, so, I don’t know, Patty Poppe told me that they have more than enough, Pacific Gas & Electric, they have more than enough power. They have enough power to be able to power so many more data centers. So what these guys ought to do, is figure out how to hook into that. I don’t know. I mean all I’m seeing is, I mean Sweden is going back to nuclear power, nuclear power is so important right now. There’s a division of, of Honeywell that was spun off.”

While we acknowledge the potential of PCG 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.