Jim Cramer on American Tower: "I Think That Stock Is No Longer as Investible as It Was at One Time"

American Tower Corporation (NYSE:AMT) is one of the stocks Jim Cramer answered questions about. Starting the lightning round, a caller sought Cramer’s opinion on the stock, and he commented:

Well, American Towers, look, I gotta tell you, there’ve been fewer demand for towers. It’s been slowing down. I think that stock is no longer as investible as it was at one time, especially when James Taiclet ran it.

American Tower Corporation (NYSE:AMT) operates a network of communications sites in several countries, as well as a series of interconnected data centers in the United States. TCW Global Real Estate Fund stated the following regarding American Tower Corporation (NYSE:AMT) in its third quarter 2025 investor letter:

Our two worst performing securities were SBA Communications Corp. Class A (SBAC; 4.79%**; Telecom Tower Reits) and American Tower Corporation (NYSE:AMT) (AMT; 6.32%**; Telecom Tower Reits).

AMT is one of the world’s largest providers of telecom towers used by wireless communication companies. Telecom towers are mission critical to the carriers, protected by high barriers to entry given constraints from permitting and the physics of spectrum, and require very little capex to support incremental organic growth. Long term, demand for towers will grow in conjunction with increased mobile data consumption. The global 5G deployment cycle and ensuing spend on AMT’s assets has a decade-long runway ahead of it as mobile data continues to grow at 20%-30% annually on current usage patterns, with an additional upside case offered by the development of next-generation applications (GenAI on mobile devices, AR/VR, I oT, etc.)

While we acknowledge the potential of AMT 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.

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.