Jim Cramer says data centres drive market's biggest winners
Updated
Updated · CNBC · Apr 30
Jim Cramer says data centres drive market's biggest winners
9 articles · Updated · CNBC · Apr 30
He said the S&P 500 hit another record high as AI infrastructure spending lifted companies from Quanta Services and Eaton to Vertiv, Carrier Global, Caterpillar, Cisco and Iron Mountain.
Cramer argued soaring electricity, cooling, testing and networking needs are spreading gains far beyond chipmakers, with Qualcomm entering data centres through a new unnamed customer.
He described the trend as a multi-year industrial expansion rather than a narrow tech trade, saying hyperscaler demand is creating a manufacturing and infrastructure windfall across the economy.
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