Jim Cramer says it is not too late to buy AI winners
Updated
Updated · CNBC · May 7
Jim Cramer says it is not too late to buy AI winners
8 articles · Updated · CNBC · May 7
The Nasdaq Composite and S&P 500 hit fresh intraday and closing records on Friday as technology rose 7% for the week and the broader index gained 2.3%.
Cramer said semiconductors and data-centre stocks still offer a long-term opportunity, though he warned against overconcentrating portfolios in the data-centre complex.
He said next week will test AI enthusiasm through CPI data and earnings from Constellation Energy, Cisco, Applied Materials and others, after earlier arguing the AI boom can keep lifting stocks and the economy.
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