Data Center · CNBC Technology
CNBC's Jim Cramer confirmed the market powered through the toughest week of earnings "with flying colors," but cautioned that next
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"All the big techs did well … Everything connected with the data center went bonkers," the " Mad Money " host said.
Key facts
- Berkshire Hathaway reports alongside its annual meeting, its first since Greg Abel took the CEO mantle from Warren Buffett
- CVS could also deliver a strong quarter, with Cramer crediting CEO David Joyner for turning around the business amid industry consolidation
- He also likes connectivity names Lumentum and Arista Networks, as well as semiconductor company Astera Labs
- After the close, Arm Holdings reports, and Cramer expects it could "be a stock that romps" given continued strength in CPUs and AI-related demand
Summary
CNBC's Jim Cramer said the market powered through the toughest week of earnings "with flying colors," but warned that next week could be even more treacherous. However, he cautioned against complacency. "That doesn't mean we are out of the woods yet," Cramer said, calling the week ahead "more eclectic, jam-packed on some days, and, frankly, more prone to disappointment. Berkshire Hathaway reports alongside its annual meeting, its first since Greg Abel took the CEO mantle from Warren Buffett.