Jim Cramer urges investors to hold Eaton and Corning
Updated
Updated · CNBC · May 4
Jim Cramer urges investors to hold Eaton and Corning
6 articles · Updated · CNBC · May 4
He said AI is carrying markets as Amazon, Alphabet, Meta and Microsoft lifted combined AI spending plans by more than 14% to $695bn.
Eaton rose ahead of Tuesday earnings, helped by demand for electrical and liquid-cooling systems, while Corning gained before Wednesday's analyst day and updates on two new hyperscaler deals.
The S&P 500 slipped on Monday after record highs on Friday, but Cramer said broad data-centre supply chains show AI spending is not a bubble.
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