We recently published Jim Cramer Insisted Recent AI Chip Selloff Wasn’t A Bottom & Discussed These 17 Stocks.
Solstice Advanced Materials, Inc. (NASDAQ:SOLS) is one of the stocks discussed by Jim Cramer
Specialty chemicals and advanced materials firm Solstice Advanced Materials, Inc. (NASDAQ:SOLS)’s shares are up by 26% since their IPO in October. However, the past month hasn’t been kind to the stock as it is down by 24%. The stock has lost 23.9% since July 2nd.
On the 6th, Solstice Advanced Materials, Inc. (NASDAQ:SOLS) announced that it would acquire Elemen Solutions for a $14.5 billion price tag in order to gain exposure to the AI supply chain. While the stock might not have reacted well, Cramer is optimistic about the deal as he commented in his morning appearance: “The deal is accretive, immediately. The deal moves Solstice into a higher multiple area, which is in semiconductor chips.