The CEO of Blackstone Inc. (BX) said something great recently, Jim Kramer says

Recently released Discussed when Jim Kramer of 14 shares went “all” with quantum computing. Blackstone Inc. (NYSE: BX) is one of the stocks that Jim Kramer has recently discussed.

Blackstone Inc. (NYSE: BX) is an alternative asset manager whose shares have been modest at 2.5% since the start of the year. The stock was acquired primarily through large acquisitions such as TXNM, a Mexican and Texas power provider, taking advantage of the growth in trading in 2025. Previously, Cramer commented that he liked Blackstone, and this time he commented on the CEO of the company, who commented that he was looking at the largest forward IPO pipeline in four years.

“(The CEO said the biggest forward IPO pipeline in four years, and the trading pause was behind the company) That was really good. Jonathan Gray was very good this morning. He also said some great things about the data center.”

Source: Pixabay

Here’s what Cramer said after Blackstone Inc. (NYSE: BX) spread the word about getting TXNM.

“I know that Blackstone has many data centers. I know that TXNM is in an area with many data centers. I think this is motivated by the need to have cheap electricity.

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Read next: 30 stocks that double in three years and 11 Hidden AI Strains Buy Now.

Disclosure: None. This article was originally published Insider Monkey.