tech
Jim Cramer says 'it's not too late' to own AI winners powering the market
CNBC's Jim Cramer said the AI-driven rally has dominated the market, and next week will test whether investors keep rewarding the winners.
TL;DR
- The market rally is primarily driven by enthusiasm around semiconductors and data center stocks, fueled by AI developments.
- The Nasdaq Composite and S&P 500 recently hit record highs, with technology being the S&P 500's top-performing sector.
- Cramer advises investors that AI stocks are foundational and represent a long-term shift, urging them to buy even on up days.
- Upcoming events to watch include Constellation Energy's earnings, the consumer price index report, and earnings from Qnity Electronics, On Holding, Under Armour, Nebius, Cisco Systems, and Applied Materials.
- Cramer compares the current semiconductor rally to the early days of the internet boom, seeing AI as a transformational shift.