As technology companies compete, Jim Cramer says there are other sectors to focus on.

Amid continued volatility in the tech sector, CNBC’s Jim Cramer encouraged investors to buy stocks in sectors that perform well when the Federal Reserve cuts interest rates.

“I’m not advocating a total abandonment of the best sector in history. That’s not the case at all,” he said. “But what I am saying is that there is fierce competition with blazing fires and exploding claymores everywhere, and it shows no signs of slowing down.”

While he stressed that he is not against the tech industry, he said the field is full of “battlegrounds” where big companies vie for supremacy. He pointed to volatility in some of the hottest stocks in the market, including: Amazon, sales force, Meta and Nvidia. Cramer said he still believes in these stocks long-term, but suggested it would be unwise to “put new money into the scrum of this sector.”

Cramer said the Fed is moving toward lower interest rates, which he said shows there could be “easy money” in sectors such as banking, transportation, health care and retail. For example, good investments in this economic climate include railroad companies, credit card companies, 100-yen stores, and travel and leisure-related companies, where there is less competition, he said.

Kramer acknowledged that developments in the technology sector are “interesting,” but suggested that metrics aren’t necessarily important when picking stocks.

“Unfortunately, we don’t value entertainment stocks on a per-share basis. That’s why, in addition to owning a lot of tech stocks, you should focus on the boring stocks of companies that stand to win big when interest rates go down,” he said.

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Disclaimer CNBC Investing Club owns stock in Nvidia, Meta, Amazon, and Salesforce.