CNBC’s Jim Cramer said: micron’s Entering the $1 trillion club will be a turning point for the market.
“We’re entering a new era, and I think it might be a lot easier to join the trillion-dollar club than it was in the old days when the club was excluding outlaws,” the “Mad Money” host said. “AI has changed the order of things. No, it’s not degrading AI. It’s just becoming more inclusive. That’s the way it should be.”
Micron Technology’s stock rose 19% on Tuesday, passing the $1 trillion market cap threshold. Kramer said Micron’s rise reflects how AI is reshaping investors’ priorities.
Micron “makes the best high-bandwidth memory chips that go into data centers, so it’s no wonder its market capitalization is $1 trillion today,” he said.
Next, Kramer looked at the top nine trillion-dollar companies based in the United States.
Nvidia
Kramer said he believes in AI chip giants Nvidia Apple should take a page out of its old capital return strategy and buy back more shares while consistently increasing its dividend.
“King is certainly starting to underperform as of this report. Earnings have been trading below the past four quarters. But while it has since delivered strong quarterly results, Nvidia is up just 14% for the year in a red-hot semiconductor market. The company has the best AI technology, but that’s not enough anymore.”
alphabet
Kramer remains bullish on Google’s parent company alphabetespecially cloud businesses, are driven by multiple growth engines.
“There’s a lot to like here: YouTube, the world’s largest video company, Waymo, the number one self-driving car, search, including Google and Gemini, and the best horse I’d bet on is Google Cloud.”
apple
meanwhile apple The company was once considered a laggard in AI, but Cramer argued that investors underestimated the improvements in the company’s AI ecosystem.
“Apple has the best hardware and now Gemini has usurped one of the best AI platforms. Nothing but near perfection comes out of Apple, and it’s paying off these days.”
microsoft
he acknowledged the concerns of those around him microsoft’s He said that while AI positioning and exposure to enterprise software is an issue, he remains confident that management can turn things around. That’s why his charitable trust still owns it, a portfolio used by the CNBC Investment Club.
“It’s hard to believe that Microsoft won’t solve the problem. They have so much money and so many smart people that you have to believe they will.”
Amazon
Kramer said he is becoming increasingly bullish going forward. Amazonespecially after revising his views on the durability of the company’s custom semiconductors.
“Amazon has misled even me, and I’ve come to believe it…Last week, I said that Amazon’s own chips, unlike Nvidia, won’t hold their value. That was a misconception. The new chips will definitely hold their value for years and are about the same as Nvidia’s, but at a lower price. I think that’s one of the reasons why Amazon’s stock is going up while Nvidia’s stock is stalling.”
broadcom
he called broadcom Thanks to its custom chip and stable leadership, it became a winner in the “sleeper” AI.
“CEO Hock Tan is an astute businessman who is constantly acquiring new customers. He is a big reason why we continued to work with Broadcom on behalf of our charitable trusts, and have continued to reap significant profits.”
tesla
According to Kramer, investors increasingly need to think about: tesla Not just a car manufacturer, but an AI and robot company.
“When we think of Tesla, we think of cars, but we should also think of self-driving cars and robots, which are big growth engines.”
meta
Kramer expressed skepticism about what will happen next. meta Despite a strong collection of apps.
“I have no idea what Meta does outside of Facebook, Instagram, glasses, AI, WhatsApp…I know they were able to pull multiple rabbits out of multiple hats. But we’re in the business of ‘What have you done for me lately?’ and the answer here is Nada.”
Berkshire Hathaway
he, Berkshire The company will likely maintain the same appeal even after Warren Buffett steps down as CEO.
“People are going to get tired of owning this stock now that Warren Buffett has stepped down. The only thing holding them back is they don’t want to pay capital gains taxes when the cash register rings. I like corporate mosaics, but a lot of people are investing in this stock because they believe in Buffett, so they might want to retire with him.”
