Data Center · CNBC Technology
Jim Cramer confirms 'it's not to late' to own AI winners powering the market
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CNBC's Jim Cramer said the market continues to be driven overwhelmingly by enthusiasm around semiconductors and data center stocks, and next week will test whether investors keep rewarding nearly any positive AI-related development.
Key facts
- Technology was the S&P 500's top-performing sector for the week, up a blistering 7%
- The Nasdaq Composite and S&P 500 both hit new intraday highs and closed at records on Friday, powered by AI-related names
- Cramer's Charitable Trust, the portfolio used by the CNBC Investing Club, owns shares of both Qnity and DuPont
- Constellation Energy kicks off the week, with investors focused on its role supplying clean power such as nuclear energy to AI infrastructure
Summary
"This market keeps going up and up on the same old stuff: news about semiconductors, even old news about semiconductors, retreaded news about semiconductors, even pure conjecture," the " Mad Money " host said Friday. The Nasdaq Composite and S&P 500 both hit new intraday highs and closed at records on Friday, powered by AI-related names. Cramer cautioned investors against making their entire portfolio tied to the data center complex. "We are coming around to the idea that these stocks are foundational and must be owned," he said.