Everyone’s Tired Of Buying Freeport-McMoRan Inc. (FCX), Says Jim Cramer

Group 1 - Freeport-McMoRan Inc. (NYSE:FCX) shares fell by 5.9% following the announcement of a merger between Teck Resources and Anglo American, creating a $53 billion entity, raising concerns about FCX's position in the copper industry [2] - Jim Cramer highlighted that investors are growing weary of FCX due to its poor performance, noting that it has not been a strong performer since 2018 when it was priced at $30 [2] - Despite acknowledging FCX's potential, there is a belief that certain AI stocks may offer better returns with lower risk, suggesting a shift in investment focus [2] Group 2 - The copper industry is currently benefiting from increased demand driven by AI-related data center developments, which could impact FCX's market position [2] - The article suggests that while FCX is a notable player in the copper sector, the overall sentiment among investors is shifting towards AI stocks for better investment opportunities [2]