Cramer Warns Investors About This AI Company Up 146% YTD: 'Too Much Hype, Too Much Fluff'

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Micron Technology, Inc. MU is "coming out of the trough, I agree with the hype. The one thing I worry about is two firms have now upgraded it, so you got a lot of hot money in it."

"They had a bad quarter, it was just no," Cramer said when asked about C3.ai, Inc. AI. "I see too much hype, too much fluff, don’t want you in that stock." Shares of C3.ai have climbed 146% this year, but have retracted 14% over the past month.

Cramer said Jack Henry & Associates, Inc. JKHY is a "very good company, but I do not want to be in the service bureau business for financials and banks right now."

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The "Mad Money" host said Chart Industries, Inc. GTLS is "doing very well. It is highly valued, but I think it’s got a lot, a big book of business."

Sempra SRE is "doing incredibly well," Cramer said. "If anything, I would like to buy more Sempra. I think Jeff Martin’s doing a fantastic job, it’s a really interesting situation."

When asked about Biohaven Ltd. BHVN, he said, "Now you’re really in the speculative no man’s land, and I think that if you want to, be willing to risk pretty much everything, I’m in favor of it. But you have to understand that that’s how dicey it is."

Price Action: Shares of Biohaven fell 1.2% to close at $18.07, while Sempra added 0.01% to $73.52 on Tuesday. Chart Industries shares gained 0.9% to settle at $172.77, while Jack Henry & Associates fell 1.6% to close at $152.69 on Tuesday. C3.ai shares gained 0.5% to settle at $27.27, while Micron rose 0.3% to close at $70.71 during Tuesday’s session.

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