Jim Cramer: This Tech Stock Is 'Terrific,' Fluence Faces Profit Test
Avi Kapoor 4 months ago
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"Mad Money's" Jim Cramer recommends Microchip Technology, citing strong financial results and potential for growth.
On CNBC's “Mad Money Lightning Round,” Jim Cramer said Microchip Technology Inc. (NASDAQ:MCHP) is “terrific”.
Supporting his choice, the company disclosed on June 1 that its Data Center Solutions Business Unit generated $302.7 million in revenue for calendar year 2025.
Microchip Technology CEO Steve Sanghi said the unit is on pace to grow roughly 65% in calendar year 2026, implying approximately $500 million in annual revenue from the segment alone.
On May 7, Microchip Technology also reported better-than-expected fourth-quarter financial results and issued strong first-quarter guidance. Microchip Technology reported quarterly earnings of 57 cents per share. It beat the analyst consensus estimate of 51 cents per share. The company reported quarterly sales of $1.311 billion, which beat the analyst consensus estimate of $1.263 billion.
Cramer said Fluence Energy, Inc. (NASDAQ:FLNC) has to make money.
According to recent news, Fluence Energy announced on May 12 a secondary offering of 20 million Class A shares by selling stockholders.
Price Action
- Fluence Energy shares gained 12.3% to settle at $24.28 on Thursday.
- Microchip Technology shares rose 5.7% to close at $92.94.
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