Jim Cramer says 'it's not to late' to own AI winners powering the market
CNBC • • business
Key Points:
- CNBC's Jim Cramer highlighted that the market momentum is heavily driven by enthusiasm around semiconductors and data center stocks, with AI-related developments continuing to boost investor interest.
- The Nasdaq Composite and S&P 500 reached new record highs, led by technology stocks, which were the top-performing sector with a 7% weekly gain, while the S&P 500 overall rose 2.3%.
- Cramer advised caution in over-concentrating portfolios in data center stocks but acknowledged these companies represent a foundational, long-term investment opportunity worth owning despite occasional volatility.
- Upcoming events to watch include the consumer price index report, which could influence expectations for Federal Reserve rate cuts in 2026, and earnings reports from Qnity Electronics, On Holding, and Under Armour.
- Cramer expressed optimism about Qnity Electronics' potential to justify recent stock gains and sees Under Armour’s turnaround as promising despite some concerns about management changes at On Holding.
