Jim Cramer Likes AI Company's CEO, But Won't Recommend Their Stock Up 263% In 2023: 'It Is A Short Squeeze At This Point'

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Clean Harbors, Inc. CLH is "still not expensive, even right here."

When asked about International Paper Company IP, he said, "What a tough business. My dad sold craft paper for a living. I got to tell you, I see and feel the pain of the people with IP, because they do a great job, but I’ve decided I can’t recommend that stock."

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The "Mad Money" host said Duke Energy Corporation DUK is "very solid." He added, "I was afraid you were going to say Dominion Energy, Inc. D, which I am very concerned about."

When asked about Paramount Global PARA, Cramer said, "The only way this thing can be saved is if it gets taken over."

"I know the reputation, and the reputation is absolutely terrific," Cramer said about Ares Capital Corporation ARCC. "I know the yield is big, but I don’t know what they own enough to be able to say, buy, buy, buy."

When asked about C3.ai, Inc. AI, he said, "I like Tom Siebel very much, but I was regretting that I didn’t put this in the top of yesterday’s show because it is so heavily shorted, it is a short squeeze at this point, it is not making any money, and I don’t recommend companies that are not making money on Mad Money."

Price Action: Shares of C3.ai fell 3% to close at $40.22, while Ares Capital rose 0.8% to $19.27 on Wednesday. Paramount Global shares declined 1.7% to settle at $16.54, while Duke Energy added 1.6% to $92.36 during the Wednesday’s session. International Paper gained 0.4%, while Clean Harbors dropped 1.2% on Wednesday.

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