Jim Cramer advises waiting on newly public AI infrastructure stock Accelevation Holdings

CNBC's Jim Cramer says investors should hold off on Accelevation Holdings, a newly public company that makes and installs electric and cooling equipment for data centers. Accelevation priced its offering at $18 per share on Sept.

29, and the stock has since fallen to just over $15. Cramer cites political opposition to data centers before the midterm elections and competition from established players such as Vertiv and Eaton.