Jim Cramer: This Industrial Tech Stock Is 'Growing Like A Weed'

On CNBC's “Mad Money Lightning Round,” Jim Cramer said Equinix (NASDAQ:EQIX) is a “great way to play the data center.”

Lending support to his choice, Guggenheim analyst Joseph Osha, on Wednesday, reiterated Equinix with a Buy and maintained a $1,235 price target.

Cramer said Xometry, Inc. (NASDAQ:XMTR) is “growing like a weed.” He will invite Xometry on the show as he doesn't know them well enough to give an opinion on the company.

On the earnings front, Xometry, on May 7, reported better-than-expected first-quarter financial results and issued strong second-quarter sales guidance.

Xometry reported quarterly earnings of 12 cents per share which beat the analyst consensus estimate of 10 cents per share. The company reported quarterly sales of $205.138 million which beat the analyst consensus estimate of $188.074 million.

Price Action:

• Equinix shares gained 1.6% to settle at $1,065.06 on Wednesday.
• Xometry shares surged 5.3% to close at $91.79.

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