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Ford has a new battery business to ride the AI wave. Here’s where Cramer stands on the stock
CNBC’s Jim Cramer said Ford’s new battery storage business gives the automaker a credible way to capitalize on the AI infrastructure boom.
TL;DR
- Ford launched Ford Energy, a subsidiary for large-scale battery storage systems.
- The business targets data centers and the electric grid, capitalizing on AI infrastructure growth.
- Jim Cramer recommends buying Ford stock now that it has retreated from its recent high.
- Demand for battery storage is increasing due to AI data centers and renewable energy needs.
- Ford plans to produce 20 GW of battery storage annually, with deliveries starting in late 2027.
- Cramer views Ford Energy as a long-term opportunity rather than an immediate earnings driver.