Redwire dropped for a second day on Monday, losing 15.83 percent to finish at $20.68 apiece, as investors took path from an investment firm’s price target downgrade for its stock amid valuation concerns.

In a market note, Jefferies lowered its rating for Redwire Corp. (NYSE:RDW) to hold from buy, despite raising its price target to $24 from $13 previously.

Photo from Redwire website

The new figure marked a 51.6 percent upside potential from its latest closing price.

According to Jefferies, the rating downgrade was due to the company’s threefold and twofold surge on both a year-to-date and a month-on-month basis, which it said was driven mainly by valuation expansion rather than changes in its financial outlook.

It said that the rally appears to have already priced in the company’s growth prospects, leaving limited near-term upside.

Jefferies also noted that Redwire Corp. (NYSE:RDW) still needs to prove its capability of converting its growing order backlog into actual revenues and profits, being unprofitable at present.

In other news, Redwire Corp. (NYSE:RDW) recently secured new orders from the US Army Aviation Center of Excellence (AVCOE) and an unnamed member country of the North Atlantic Treaty Organization (NATO) for its Stalker and Penguin UAS to support their aerial defense capabilities.

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While we acknowledge the potential of RDW 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. Follow Insider Monkey on Google News.

Rocket Lab fell by 14.70 percent on Monday to finish at $122.39 apiece, a third consecutive day, mirroring the drop in the broader space sector following news of a rocket explosion over the weekend.

The company declined alongside its counterparts, namely Planet Labs and Intuitive Machines, among others, as investors turned cautious for the overall sector following the explosion of Blue Origin’s New Glenn rocket while undergoing a hot-fire engine test at its launch pad in Florida on Friday.

For illustration purposes only. Rocket Lab’s 85th Electron launch, Daughter of the Stars. Photo from Rocket Lab’s post on X

The explosion sent shockwaves to neighborhoods in Florida, equivalent to a 2.5 magnitude earthquake.

The drop followed last week’s flurry of positive developments across the space industry after the National Aeronautics and Space Administration announced the awarding of contracts to a number of space players for its ambitious lunar exploration program.

In other news, Rocket Lab Corp. (NASDAQ:RKLB) late last month announced the successful acquisition of Motiv Space Systems (“Motiv”), a California-based company specializing in space robotics, motion control systems, and precision mechanisms for spacecraft.

Motiv—now rebranded as Rocket Lab Robotics—is set to bring mission-tested Mars heritage and is renowned for its advanced multi-degree-of-freedom robotic arms, actuators, and drive electronics that have enabled some of the most ambitious planetary exploration missions in history, including NASA’s Mars Perseverance rover, the CADRE lunar rovers, and precision mechanisms supporting critical scientific instruments and spacecraft subsystems.

Rocket Lab Corp. (NASDAQ:RKLB) said that its acquisition is expected to establish it as one of the few companies in the world capable of delivering end-to-end Mars mission solutions, including launch, spacecraft, software, and Mars-proven robotics for surface and on-orbit operations.

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While we acknowledge the potential of RKLB 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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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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Alignment Healthcare extended its losing streak to a 7th straight session on Monday, slashing 13.19 percent to finish at $13.30 apiece, as investor sentiment was further weighed by an investment firm’s price target downgrade last week.

In a market note, Barclays slashed its price target for Alignment Healthcare Inc. (NASDAQ:ALHC) to $16 from $19 previously, while reaffirming an equal weight rating.

Photo by Gustavo Fring on Pexels

The coverage was based on stock moves in the first quarter of the year, which it deemed unlikely to reverse quickly.

Apart from Barclays, Raymond James also lowered its price target for Alignment Healthcare Inc. (NASDAQ:ALHC) earlier last month despite maintaining a buy recommendation.

Last month alone, Alignment Healthcare Inc. (NASDAQ:ALHC) has seen its stock price decline by 32 percent to $15.32 from $22.54 previously. Year-to-date, the company was down by 32.6 percent.

In other news, the company is set to participate in the Goldman Sachs 47th Annual Global Healthcare Conference in Miami, Florida, next Tuesday, June 9.

Investors are expected to watch for updates about its business, as well as cues on its outlook.

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While we acknowledge the potential of ALHC 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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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.

Intuitive Machines saw its share prices decline by 12.82 percent on Monday to close at $38.21 apiece, as investors disposed of positions in space stocks following a rocket explosion over the weekend.

The company fell alongside its space counterparts, namely Planet Labs PBC, Rocket Lab Corp., and Intuitive Machines, among others, following the explosion of Blue Origin’s New Glenn rocket on Friday while undergoing a hot-fire engine test at its launch pad in Florida.

For illustration purposes only. Athena, Intuitive Machines’ IM-2 mission lunar lander. Photo from Intuitive Machines website

The explosion sent shockwaves to residents of Florida equivalent to a 2.5 magnitude earthquake.

Investors were quick to dispose of positions in space companies following on caution over the safety of rocket launches.

The drop followed last week’s flurry of positive developments across the space industry after the National Aeronautics and Space Administration announced the awarding of contracts to a number of space players for its ambitious lunar exploration program.

In other news, Intuitive Machines Inc. (NASDAQ:LUNR) earlier last month snatched two new contracts amounting to $20 million, which involve the operations of NASA’s Lunar Reconnaissance Orbiter Camera and the ShadowCam instrument aboard the Korea Pathfinder Lunar Orbiter.

Under the contract, Intuitive Machines Inc. (NASDAQ:LUNR) said that it would provide a number of services, including imaging operations, data storage and analysis, and mission support.

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While we acknowledge the potential of LUNR 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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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.

Sable Offshore fell by 11.13 percent on Monday to close at $13.02 apiece, as investors turned cautious over its pipeline operations in California after lawmakers launched an inquiry to look into offshore drilling.

This followed a letter dated May 27 to Sable Offshore Corp. (NYSE:SOC) seeking an explanation over its push to restart oil production off the Santa Barbara coast, and for its efforts to use the Defense Production Act (DPA) to help resume operations.

For illustration purposes. Photo by Soly Moses on Pexels

The lawmakers argued that the federal law is being stretched well beyond its intended purpose, saying that the Trump administration’s use of the DPA appears to be linked to Sable Offshore Corp.’s (NYSE:SOC) request to resume offshore oil activity despite objections and legal issues.

The company was also asked to provide internal records and communications dating from January 2024, including contacts with the White House, Department of Energy officials, Trump campaign operatives, and outside intermediaries.

President Donald Trump’s Cabinet officials, Energy Secretary Chris Wright, Interior chief Doug Burgum, and Transportation Secretary Sean Duffy, are also set to visit Sable Offshore Corp.’s (NYSE:SOC) oil project later this week to discuss the legal strategies in its ongoing dispute with California authorities.

It can be learned that operations at its offshore unit, Santa Ynez, have already started in May, but Sable Offshore Corp. (NYSE:SOC) remains unable to sell or transport hydrocarbons through its Las Flores unit amid legal issues.

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While we acknowledge the potential of SOC 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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Computer hardware firm Dell Technologies Inc. (NYSE:DELL) was in the news earlier this week after its latest financial results saw the firm post meteoric revenue and net income growth. Its shares are up by an unbelievable 101% over the past month and closed 32% higher on Friday. Ahead of the earnings, several analysts were optimistic about Dell Technologies Inc. (NYSE:DELL). Bank of America raised the share price target to $246 from 205 and kept a Buy rating on the shares. The bank discussed the impact of the growth in agentic AI and its impact on server companies. Evercore ISI hiked Dell Technologies Inc. (NYSE:DELL)’s share price target to $240 from $205 and remarked that the firm appeared to be benefiting from long-term enterprise AI commitment. Cramer discussed Dell Technologies Inc. (NYSE:DELL)’s results in detail after the earnings and praised the conference call. He also commented on CEO Michael Dell’s share buybacks and overall charitable nature:

“Yeah,  I mean look, people didn’t see this coming. Which is hard to believe because Michael’s been saying things are good. . .but what happened is this that, there were people who were so off the market. Some of them, 165, that take it to 500 dollars. Some people thought that they were going to have problems, still, with memory. Don’t realize that they have great supply chain. I’ve got to tell you, David, this is really interesting. You know that it’s not Michael on the conference call, it’s Jeff Clarke. And Jeff always does it. And Jeff plays it straight. So you’re listening and you’re taking down the numbers and you’re realizing, no it’s not possible. As opposed to, we had the greatest quarter. He doesn’t do that.

“If you want to read a conference call that explains how you should talk about business, then you should be on Dell. Because I think Dell, they spread the love. It’s obvious that you can buy Arm, AMD, Intel, Micron, mostly, it’s a lot of data center, of course, NVIDIA is the reason a lot of things are working for them. Particularly they have Vera Rubin, the next generation. And they could have actually said, something that was, we’re taking a lot of share from Super Micro. They didn’t say that. Of course Super Micro is now up. . .things are so strong for everybody.

“One thing that’s different about Dell is. If you take a look, Dell has bought back, Michael bought back a huge number of shares. In particular because when I saw him in GTC two years ago, that’s the NVIDIA trade show, he was saying listen Jim, if my stock stays right here. . .I’m gonna just go buy it all. And don’t forget I took it private one time when it wasn’t valued correctly. And well, I guess it wasn’t valued correctly and he bought a huge, I don’t know if you’ve seen the sheer number of what he bought.

“I wish everyone knew him. Cause he’s, Carl he’s not, you know, the Fitzgerald, the rich are not like you and me, no, it’s different. He is.”

Photo from Dell website

However, in a tweet, the CNBC TV host regretted not being optimistic about Dell Technologies Inc. (NYSE:DELL)  earlier:

“Furious that I missed Dell, grateful that i emphasized how i think the world of Dell at the top of the CNBC Investing Club meeting. I hate shilling for anything but jeez the Investing Club is a bargain. And a signed book, too!! Give it a shot!”

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While we acknowledge the potential of DELL 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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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.

Enterprise hardware firm Hewlett Packard Enterprise Company (NYSE:HPE)’s shares are up by 149% over the past year and by 78% year-to-date. JPMorgan discussed the firm on May 15th as it raised the share price target to $37 from $27 kept an Overweight rating on the stock. Among the factors that the bank discussed was an easing in the tight memory market. Earlier, Bank of America raised Hewlett Packard Enterprise Company (NYSE:HPE)’s share price target to $38 from $32 and kept a Buy rating on the stock. Like Cramer, the bank discussed the agentic AI driven tailwinds and their impact on Dell, and by extension, on Hewlett Packard Enterprise Company (NYSE:HPE). BofA added that higher valuation multiples were affecting both firms. Here is what Cramer said about the enterprise computing firm following its earnings:

“What I think is going to confuse people is that, you’re going to see HPE up a lot, you’re going to see Super Micro, those are competitors, up a lot. Those are competitors”

Ken Wolter / Shutterstock.com

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While we acknowledge the potential of HPE 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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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.

Wolfspeed dropped its share prices by 10.68 percent on Monday to close at $52.95 apiece, as investors resorted to profit-taking to take advantage of last month’s whopping gains, having more than doubled its share price from April levels.

Last month, Wolfspeed Inc. (NYSE:WOLF) saw its share prices climb to an intra-month high of $80.70, marking a growth of 173 percent from only $29.53 in the last trading day of April. It finished May up at $52.95, representing a 100 percent climb from the month prior.

Wolfspeed’s Silicon Carbide 200mm semiconductor wafer. Photo from Wolfspeed

The surge was primarily bolstered by development surrounding the company, including its launch of new power modules to support the needs of the artificial intelligence sector.

It also announced efforts to lure more customers with the launch of a dedicated data center solutions team and regional office in the San Francisco Bay Area to enable closer alignment with leading hyperscalers, ODMs, and the entire ecosystem to build differentiated products and solutions for AI and other data center applications.

“The sheer scale of AI computing demands a fundamental rewrite of data center power architecture,” Wolfspeed Inc. (NYSE:WOLF) CEO Robert Feurle said.

“Moving to higher voltages is no longer optional—it’s a necessity. With our new data center solutions team at the epicenter of tech innovation, Wolfspeed is uniquely positioned to deliver the high-voltage solutions our hyperscaler and ODM partners need to build the efficient data centers of tomorrow,” he noted.

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While we acknowledge the potential of WOLF 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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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.

Server hardware firm Super Micro Computer Inc. (NASDAQ:SMCI)’s shares are up by 48% year-to-date and by 15% over the year. Recently, the firm is once again under the spotlight for accusations of having allowed the transport of sanctioned hardware into China. Mizuho discussed Super Micro Computer Inc. (NASDAQ:SMCI)’s shares on May 12th as it raised the share price target to $36 from $30 and kept a Neutral rating on the stock. As other analysts have remarked for firms like HPE, Mizuho discussed the impact of the growth in agentic AI computing on Super Micro Computer Inc. (NASDAQ:SMCI)’s business. Cramer discussed the firm after Dell’s stellar earnings and remarked that even though Super Micro Computer Inc. (NASDAQ:SMCI) was ceding market share, the stock market wouldn’t care and take the shares up. The firm’s shares closed 11.6% higher on Friday:

“Dell’s taking share as I mentioned from Super Micro, no one’s gonna care. They’re gonna take that up. You’re going to see all the companies that do DRAM and CPU, up.”

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While we acknowledge the potential of SMCI 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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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.

AI GPU giant NVIDIA Corporation (NASDAQ:NVDA) is one of Jim Cramer’s favorite stocks even though the shares have remained lackluster this year. Year-to-date, the stock is up by a modest 11.8%. Baird discussed NVIDIA Corporation (NASDAQ:NVDA)’s shares on May 21st as it raised the share price target to $500 from $300 and kept an Outperform rating. The financial firm remarked that the semiconductor firm’s first quarter results merited the upgrade as it benefited from the growth in hyperscaler capital expenditure for artificial intelligence. Cramer commented on NVIDIA Corporation (NASDAQ:NVDA) following Dell’s earnings, and like Baird, he also remarked that the firm stood to benefit from the growth in AI spending:

“Dell’s taking share as I mentioned from Super Micro, no one’s gonna care. They’re gonna take that up. You’re going to see all the companies that do DRAM and CPU, up. And you’re not going to see NVIDIA up. And yet it’s NVIDIA that is the biggest winner. And it’s become very mind numbing to people like me, who know NVIDIA and who’ve owned it forever for the charitable trust. That it’s just not performing. Not performing.”

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While we acknowledge the potential of NVDA 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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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.

Semiconductor manufacturing equipment provider Applied Materials, Inc. (NASDAQ:AMAT) is one of the most crucial stocks in the AI era due to its position at the upstream of the AI supply chain. The shares are up by 187% over the past year and by 67% year-to-date. As per The Fly, Argus discussed Applied Materials, Inc. (NASDAQ:AMAT)’s shares on May 19th. It raised the share price target to $500 from $420 and kept a Buy rating on the stock. The bank outlined that the chip equipment company’s long term outlook was supported by AI chip demand. Cramer also discussed Applied Materials, Inc. (NASDAQ:AMAT)’s role in the semiconductor industry:

“I had Applied Materials on last night. Remember, they make the machines that make memory. And everyone’s on allocation. They don’t mean to. They could try it 24/7. Try and make the machines. You can’t keep up with demand if you’re a semiconductor capital equipment company stock. And by the way AMAT when you go to Taiwan Semi, let’s get a little patriotic here for a second, those are AMAT machines in there.

“You know, AMAT changed the way you do contracts. It used to be like, the buyer told AMAT what they needed. Now AMAT is saying, listen, here is what we can offer. And we’re gonna have to do it on a contract basis.”

Impax US Sustainable Economy Fund discussed Applied Materials, Inc. (NASDAQ:AMAT) in its Q1 2026 investor letter:

“Applied Materials, Inc. (NASDAQ:AMAT) (Information Technology, Semiconductor Materials & Equipment) is owned for its better-than-average Corporate Resilience profile and attractive sustainability opportunities including Resource Efficiency, Enhancing Productivity and Digital Infrastructure. Applied Materials rallied strongly primarily on the back of a blowout February earnings beat, where management guided for over 20% semiconductor equipment revenue growth in calendar 2026 and positioned the company as a direct beneficiary of accelerating AI infrastructure investment in leading-edge logic, high-bandwidth memory, and advanced packaging. Despite a sharp pullback in March on China export control concerns and revenue headwinds, the stock closed the quarter meaningfully higher.”

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While we acknowledge the potential of AMAT 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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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.

Summit Therapeutics soared by 10.43 percent on Monday to end at $15.71 apiece, after an investment firm reiterated a pessimistic coverage for its stock.

In a market note during the day, Bernstein reaffirmed its underperform rating for Summit Therapeutics Inc. (NASDAQ:SMMT) alongside a $7.70 price target, marking a 51 percent discount from its latest closing price.

Photo by Tima Miroshnichenko on Pexels

The investment firm said that the coverage reflected expectations of a non-statistically significant overall survival trend for the biopharmaceutical company’s Harmoni-6 trial. It was earlier suggested that investors dispose of positions or initiate short positions where necessary.

In other news, Summit Therapeutics Inc. (NASDAQ:SMMT) over the weekend announced positive overall survival results from the Phase 3 trial to test the efficacy of Ivonescimab in China. The trial was sponsored by its partner, Akeso Inc.

In the study, patients who received Ivonescimab combined with chemotherapy lived significantly longer than those who received tislelizumab plus chemotherapy.

The study also showed that the death risk was slashed by 34 percent compared with tislelizumab, and that the overall survival was seen across different patient groups, including those with high and low PD-L1 expression.

Two years after, Summit Therapeutics Inc. (NASDAQ:SMMT) said that patients treated with ivonescimab were still alive, versus the 48.6 percent in patients treated with tislelizumab.

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While we acknowledge the potential of SMMT 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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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.

eCommerce and cloud computing giant Amazon.com, Inc. (NASDAQ:AMZN)’s shares are up by 32% over the past year and by 19% year-to-date. Bank of America discussed the firm on May 21st as it kept a Buy rating and a $310 share price target. Among the factors that BofA discussed included the impact of AI demand on the firm’s cloud computing business and increasing profitability, along with a growing backlog. Amazon.com, Inc. (NASDAQ:AMZN) suffered a setback earlier this week when Blue Origin’s New Glenn rocket exploded in Florida. The rocket was due to fly the firm’s internet satellites to orbit, and while the payload remained safe, the launch pad’s destruction could impact Amazon.com, Inc. (NASDAQ:AMZN)’s launch timeline for the satellites. Cramer briefly discussed the incident:

“Amazon is down because, their satellites were on board the Blue Origin, that was now, I don’t know if anyone saw that.”

Zapp2Photo/Shutterstock.com

Artisan Value Fund discussed Amazon.com, Inc. (NASDAQ:AMZN) in its Q1 2026 investor letter:

“We initiated four new positions in Q1, an above-average pace of activity. Typically, we add 1–2 new positions per quarter, averaging 1.7 per quarter over the past 5 years. Increased market volatility and greater dispersion in US equities created more opportunities to invest in companies that meet our three margin of safety criteria: attractive business economics, sound financial condition and compelling valuation. We also used the increased volatility to upgrade overall portfolio quality. Our three largest new positions were Amazon.com, Universal Music Group (UMG) and IQVIA Holdings.

Amazon.com, Inc. (NASDAQ:AMZN) represents a high-quality, wide-moat franchise where near-term investment is potentially obscuring substantial long-term earnings power. The company’s core retail platform is underpinned by its logistics network built over decades and enhanced by significant investment during COVID that doubled the network. This infrastructure continues to drive efficiency gains and customer value, reinforcing Amazon’s dominant market position. Complementing this is AWS, the original hyperscale cloud platform and a critical profit engine, contributing roughly 60% of operating income. AWS remains a leading cloud platform and a key profit driver, with strong positioning in AI supported by proprietary chips such as Graviton and Trainium. Despite elevated capital expenditures tied to AI, logistics and other growth initiatives, Amazon’s financial position remains exceptionally strong, with significant net cash and a well-laddered debt profile. Current earnings understate normalized profitability, in our view, due to heavy reinvestment across multiple initiatives, including AI infrastructure, robotics and new delivery capabilities. As these investments mature, we believe both revenue growth and margins should expand. At our initial purchase, the stock traded near historic valuation lows relative to its earnings power, offering an opportunity to own a premium, structurally advantaged business at a market-like multiple, with potential additional upside from its fast-growing, high-margin advertising segment.”

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While we acknowledge the potential of AMZN 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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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.

Memory chip manufacturer Micron Technology, Inc. (NASDAQ:MU) is one of the hottest stocks on Wall Street. Its shares are up by an unbelievable 927% over the past year and by 207% year-to-date. Barclays discussed Micron Technology, Inc. (NASDAQ:MU) on May 27th as it raised the share price target to $1,175 from $675 and kept an Overweight rating on the stock. The bank commented that the chip company was benefiting from the fact that memory chips remained the hottest item in the AI buildout after GPUs. A day earlier, UBS had raised Micron Technology, Inc. (NASDAQ:MU)’s share price target to $1,625 from $535 and kept a Buy rating on the stock on the back of benefits from long term memory supply agreements. Cramer commented on the firm’s CEO and its role in the data center market:

“Look, when you talk to Sanjay, okay, Sanjay will tell you, look I can’t make it. And I’m trying to make it 24/7, I can’t. He told you that high bandwidth memory is really the choking point. That’s what you really need in every data center. . .”

Heartland Mid Cap Value Fund discussed Micron Technology, Inc. (NASDAQ:MU) in its Q1 2026 investor letter:

“Beneath the surface, excitement surrounding artificial intelligence (AI) continues to foster an environment of extreme valuation disparity between perceived winners and losers of an AI infrastructure buildout and the associated implications of use cases proliferating across the global economy. Euphoria is typically born in truth (a positive business driver) and then over-extrapolated in valuation. Micron Technology, Inc. (NASDAQ:MU) is currently a major AI beneficiary due to surging demand for memory and storage. An observation of Micron Technology’s enterprise value to sales multiple provides one indication of where we are today. In just a few years, MU has seen its EV/sales multiple expand six-fold.  MU is a “Deep Value” company, one which was a strong contributor to our portfolio in the 2023-24 timeframe. Despite very real revenue/margin drivers from AI demand, we expect the passage of time to prove that MU remains an extremely cyclical and capital-intensive company that still sells a commodity and can have violent swings in profitability.”

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While we acknowledge the potential of MU 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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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.

Occidental Petroleum Corporation (NYSE:OXY) is an oil and gas exploration and production company. Its shares are up by 38% over the past year and by 33% year-to-date. UBS discussed the firm on May 7th as it trimmed the share price target to $65 from $67 and kept a Neutral rating on the shares. The bank’s coverage came after Occidental Petroleum Corporation (NYSE:OXY)’s latest earnings report, as it remarked that the oil company was bolstering its free cash flow growth through successfully executing its long term strategy. The earnings. saw Occidental Petroleum Corporation (NYSE:OXY)’s revenue miss analyst estimates and GAAP earnings beat analyst estimates. Cramer recommended buying the shares:

“Look if you have to buy the oil stocks, it’s Conoco [inaudible] Oxy’s second. If you want growth, you still do Diamond. And if you want natural gas, [inaudible] Devon. And I like natural gas a lot. I think that EQT is really [inaudible]. EQT is really good because it is the data center natural gas. And we want anything data center.”

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While we acknowledge the potential of OXY 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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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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ConocoPhillips (NYSE:COP) is an oil and gas exploration and production company with operations all over the world. Its shares are up by 33% over the past year and by 17% year-to-date. Truist adjusted ConocoPhillips (NYSE:COP)’s share price target to $128 from $127 and kept a Hold rating on the stock on May 1st. The bank remarked that the oil company had a strong LNG portfolio, a deep resource base and other catalysts acting in its favor. Cramer was also quite optimistic about ConocoPhillips (NYSE:COP) as he recommended buying the firm:

“Look if you have to buy the oil stocks, it’s Conoco [inaudible] Oxy’s second. If you want growth, you still do Diamond. And if you want natural gas, [inaudible] Devon. And I like natural gas a lot. I think that EQT is really [inaudible]. EQT is really good because it is the data center natural gas. And we want anything data center.”

Diamond Hill Capital Large Cap Strategy discussed ConocoPhillips (NYSE:COP) in its Q1 2026 investor letter:

“Exploration and production companies ConocoPhillips (NYSE:COP) and Diamondback Energy saw shares rise as the sharp rise in oil prices drove a broad rally across US-based oil producers. As geopolitical tensions in the Middle East tightened the supply outlook, investors increasingly rewarded US producers for their leverage to higher commodity prices, potential for outsized cash generation and capacity for strong capital returns.”

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While we acknowledge the potential of COP 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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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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Cerebras extended its losing streak to a third consecutive day on Monday, shedding 10 percent to end at $213.28 apiece, as investors disposed of positions to take advantage of profits, while digesting the lack of positive developments to boost buying appetite.

Cathie Wood-led ARK Invest remained bullish about the stock despite the drop, having announced on Monday that it made another round of acquisitions, the most recent being the purchase of 62,669 new shares for a total of $14.85 million.

Photo by RDNE Stock Project on Pexels

Cerebras Systems Inc. (NASDAQ:CBRS) has already slashed as much as 81 percent of its value since it joined the roster of publicly listed companies on May 14.

During its initial public offering, it was able to raise $5.5 billion in fresh funds following the successful sale of 30 million shares at a price of $185 apiece.

Cerebras Systems Inc. (NASDAQ:CBRS) said that it would use the proceeds to fund general corporate purposes, including working capital, operating expenses, and capital expenditures.

The balance may also be used to in-license, acquire, or invest in complementary technologies, assets, businesses, or intellectual property, among others.

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While we acknowledge the potential of CBRS 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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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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EQT Corporation (NYSE:EQT) is a natural gas company operating in the upstream and downstream segments of the industry. Its shares are flat over the past year and up by 2.7% year-to-date. Jefferies discussed the firm on April 26th as it raised the share price target to $77 from $76 and reiterated a Buy rating on the stock. The bank’s coverage came after EQT Corporation (NYSE:EQT) reported its fiscal first quarter earnings. The resulting earnings call left Jefferies impressed by the positive impact of power generation on natural gas demand. Cramer also discussed the growth in demand for natural gas stemming from data center use:

“Look if you have to buy the oil stocks, it’s Conoco [inaudible] Oxy’s second. If you want growth, you still do Diamond. And if you want natural gas, [inaudible] Devon. And I like natural gas a lot. I think that EQT is really [inaudible]. EQT is really good because it is the data center natural gas. And we want anything data center.”

Eagle Capital Management discussed EQT Corporation (NYSE:EQT) in its Q1 2026 investor letter:

“EQT Corporation (NYSE:EQT) is the largest pure play U.S. natural gas producer. The company has long– teens in the lived assets, with decades of inventory. It also has a low– cost structure due to its enviable position in the Marcellus shale and captive pipeline assets. Management has an excellent track record of making wise strategic and capital allocation decisions. Despite selling a commodity product, EQT is a high quality business with operating margins exceeding those of 80 90% of S&P 500 companies. Natural gas in the U.S. trades at a wide discount to global prices. The combination of the inflection in U.S. electricity demand, LNG export growth, and disruption in the Middle East may narrow this discount over the next 5 10 years. We expect EPS growth in the mid teens.”

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While we acknowledge the potential of EQT 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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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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Diamondback Energy, Inc. (NASDAQ:FANG) is an oil and gas exploration and production company with operations in Texas and New Mexico. The shares are up by 42% over the past year and by 25% year-to-date. Barclays discussed the firm on May 5th as it raised the share price target to $225 from $190 and kept an Overweight rating on the stock. Barclays’ coverage came after Diamondback Energy, Inc. (NASDAQ:FANG)’s first quarter results, which saw the firm’s production beat expectations. Cramer mentioned the oil company as part of a broader set of stocks that he believes can be bought if one is interested in buying oil stocks:

“Look if you have to buy the oil stocks, it’s Conoco [inaudible] Oxy’s second. If you want growth, you still do Diamond. And if you want natural gas, [inaudible] Devon. And I like natural gas a lot. I think that EQT is really [inaudible]. EQT is really good because it is the data center natural gas. And we want anything data center.”

Pixabay/Public Domain

Artisan Value Fund discussed Diamondback Energy, Inc. (NASDAQ:FANG) in its Q1 2026 investor letter:

“Due to the Iran war-driven supply shock to energy markets, our top Q1 contributors were energy holdings EOG Resources, Diamondback Energy, Inc. (NASDAQ:FANG) and SLB. They performed about in line with the sector, but we were overweight the sector, which helped portfolio performance. EOG and Diamondback are US shale-focused exploration and production companies. Diamondback also has a strong cost profile that is primarily the result of a contiguous, high-quality acreage position in the Permian Basin of the southwestern US. The company’s culture supplements the acreage position with drilling discipline and conservative business plans. Further, management is committed to a strong balance sheet and shareholder distributions.”

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While we acknowledge the potential of FANG 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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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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Apparel firm The Gap, Inc. (NYSE:GAP)’s shares are down by 5% over the past year and by 16% year-to-date. Friday was a difficult day for the stock as it closed a whopping 15.4% lower. The dip came on the day The Gap, Inc. (NYSE:GAP) reported its fiscal first quarter earnings. The results saw the firm’s $3.50 billion in revenue miss analyst estimates of $3.52 billion while its $0.38 in earnings beat analyst estimates of $0.37. The Gap, Inc. (NYSE:GAP) also cut its sales growth outlook to 1% to 2% from an earlier 2% to 3%. On March 20th, JPMorgan increased the share price target to $35 from $33 and kept an Overweight rating on the stock. The bank commented that the shift came after The Gap, Inc. (NYSE:GAP) shared its long term plans. Cramer discussed the earnings:

“Now Richard Dickson’s doing a very good job. But it seems like it’s been inconsistent. This quarter, Gap, for instance, the actual flagship, was up 10%. But Old Navy was very disappointing. And that’s the biggest. And because Old Navy was disappointing, the company they just slashed the outlook in a way that people were kind of shocked. Old Navy projected down in the low single digits, it had been really, really strong.

“The issue was that they did not execute. Now we have some headline which says that they blamed it on the environment, the cost. No, it did not. . .specifically did not blame it on the environment, he blamed it on himself and on execution.

“So it was a jarring call, because Richard is really fabulous in fashion, I do have him tonight. And they caught some very big downgrades. Mathew Boss downgraded. A lot of people had really hoped that this was going to be the breakout quarter. He didn’t blame tariffs either. . .he just didn’t get it done. . .it was a brutally honest call. I recommend if someone did not have a good quarter, this is the way to do it. But the guide down was done by the CFO and it was disconcerting. Because if you take a longer term chart you’ll see the inconsistency in Gap has been very unnerving. Very unnerving.”

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While we acknowledge the potential of GAP 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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READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

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