Jim Cramer says it’s ‘not too late’ to have a market-driving AI winner in your company

CNBC’s Jim Cramer said the market remains overwhelmingly driven by enthusiasm for semiconductor and data center stocks, and next week will test whether investors continue to reward nearly every positive development related to AI.

“This market just keeps going up and up on the same old stuff: news about semiconductors, more old news about semiconductors, reinterpreted news about semiconductors, and even pure speculation,” the “Mad Money” host said Friday. “Every little bit of positivity helps the group go higher.”

of Nasdaq Composite and S&P500 Both stocks hit new intraday highs and closed at their highest prices on Friday, driven by AI-related stocks. Technology was the best-performing sector in the S&P 500 this week, with a hefty 7% gain. The overall index rose 2.3%.

Mr. Kramer cautioned investors against tying their entire portfolios to complex data centers. But at the same time, he said he became convinced the group was indicative of long-term change.

“We’re coming to the idea that these stocks are fundamental and we have to own them,” he said. “Ideally, I would say buy on the day the price goes down, but sometimes the price goes down, but if you don’t have the patience to wait, it’s better to pay for it than not own it at all.”

Kramer later added: “This is still a huge opportunity. It’s not too late to buy.”

Here’s what Cramer is looking at in the coming week.

constellation energy The week begins with investors focusing on the company’s role in providing clean power, such as nuclear power, to AI infrastructure. “Revenues were good,” Kramer said. “What matters is the zeitgeist.”

The Consumer Price Index report could shape expectations for future rate cuts by the Federal Reserve. Cramer believes a softening in the numbers could reignite optimism for easy monetary policy in 2026.

In terms of profits, Kuniti Electronicsspun off from dupont Reported in the morning last fall. Kramer said he believes the company can justify the move with strong financial results, although the stock price has already risen thanks to the company’s role in supplying materials used in semiconductor manufacturing. Cramer’s Charitable Trust, a portfolio used by the CNBC Investment Club, owns stock in both Qnity and DuPont.

sportswear name pending and under armor I will also report. While On’s leadership changes have raised concerns, Kramer said momentum is building for Under Armour’s turnaround. “Too many people still wear Under Armor’s distinctive insignia…I just can’t write it off,” he said.

Nevius Morning report. The cloud infrastructure company recently received a $2 billion investment from: NvidiaCramer believes this highlights the growing AI competition between Nvidia. Amazonand alphabet.

After Bell, network giant Cisco Systems Large-scale post-execution reports related to data center exposure. “The company’s stock price is skyrocketing like it was in 1999,” Kramer said. Still, he noted that while some of Cisco’s traditional businesses remain somewhat problematic, Cisco’s valuation remains reasonable compared to many AI companies.

Semiconductor manufacturing equipment manufacturer applied materials I’ll report after the bell. Kramer expects the company to benefit from overwhelming demand for chip-making machines. “The combination of lackluster supply and insatiable demand makes these stocks feel like they’re still buyable,” he said.

Kramer said Friday should be quiet as the market enters a phase of slowing earnings.

He added that the semiconductor rally is similar to the early days of the internet boom, with AI driving new transformation.

“This country is now moving toward a world of agents, where machines do the heavy lifting,” he said.

While some investors remain skeptical, Cramer insisted there is “very little exit on these stocks.”