Hewlett Packard Enterprise Company (NYSE:HPE) is one of the Jim Cramer’s Biggest Quantum Computing & Data Center Stock Hits.

Hewlett Packard Enterprise Company (NYSE:HPE) is a computer equipment company that caters to the needs of the data center industry. The firm sells products such as servers, racks, and towers. Its shares are up by 36% over the past year and by 3% since Cramer discussed the firm in his morning appearance on Squawk on the Street. Like other AI and data center stocks, Hewlett Packard Enterprise Company (NYSE:HPE) also struggled in the first three months of November as they dipped by 18% during the first three weeks. According to media reports, this time period saw investors become cautious about AI stocks. However, the shares surged by 26% between November 20th and December 10th. Among some of the events that occurred during this time period was Hewlett Packard Enterprise Company (NYSE:HPE)’s fourth quarter earnings. In January, Cramer called the firm a winner:

“By the way, HPE is front and center with this issue about data centers. And everybody thinks that they’re a big loser. I have to think they’re a big winner. I think that that [inaudible] is terrific.”

While we acknowledge the potential of HPE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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