Jim Cramer · Intel · Nvidia · CNBC Technology
Jim Cramer confirms the AI data center trade is back
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CNBC's Jim Cramer said Wednesday the AI data center trade is reclaiming its place at the center of the market.
Key facts
- CNBC's Jim Cramer said Wednesday the AI data center trade is reclaiming its place at the center of the market
- Nvidia recently unveiled agreements with six of the world's largest asset managers on a $500 billion financing push designed to treat compute infrastructure much like assets to borrow
- Today was one of those days where if you bet against the data center, you got trampled," the " Mad Money " host said
- Many once-hot AI infrastructure stocks started to cool in late June and continued struggling through much of July until the forced unwind of highly leveraged fund Situational Awareness
Summary
"Today was one of those days where if you bet against the data center, you got trampled," the " Mad Money " host said. Many once-hot AI infrastructure stocks started to cool in late June and continued struggling through much of July until the forced unwind of highly leveraged fund Situational Awareness. The first sign of a turnaround came from Intel, Cramer said. Then, he said, server maker Super Micro Computer and photonics supplier Lumentum reported better-than-expected results Tuesday evening, followed by a strong quarter from neocloud Nebius on Wednesday.