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On CNBC’s Mad Money Lightning Round Jim Cramer recommended for sale TeraWulf Inc. (NASDAQ: WULF ) and Super Micro Computer, Inc. (NASDAQ: SMCI).
This month, TeraWulf issued a price tag on $3.2 billion in senior-guaranteed notes, and JPMorgan analyst Samik Chatterjee rated Super Micro Computer neutral and lowered his price target to $43 from $45.
“This thing is hot as a gun,” Cramer said when asked about it Applied Digital Corporation (NASDAQ:APLD). “Normally I wouldn’t win him, but there are definitely contracts with him.
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Dallas-based Applied Digital on Oct. 22. signed a lease with a US investment-grade hyperscaler for the Polaris Forge 2 Campus. A campus is currently under construction near Harwood, North Dakota. The deal represents approximately $5 billion in total contractual revenue over an expected 15-year term.
Cramer said he would buy it Kyndryl Holdings, Inc. (NYSE: KD ) stock and then “wait until you see what the quarter is like.”
Kyndryl will report results for the quarter ended September 30 after the close on Tuesday, November 4.
The Mad Money host also recommended buying Dell Technologies Inc. (NYSE: DELL).
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This article Jim Cramer: This Stock Is ‘Hot As A Gun, Sell Super Micro Computer’ originally appeared on Benzinga.com
