TECH - Beyond Nvidia Jim Cramer Identifies Companies And Sectors Set To Surge Amid AI Wave: 'This Technological Revolution Is Crossing All Barriers' | Benzinga
Jim Cramer, CNBC’s market commentator, has identified companies and sectors that are likely to benefit from the wave of artificial intelligence (AI).
What Happened: Cramer believes AI will be crucial to significant market rallies in the coming years. “This technological revolution is crossing all barriers, even potentially becoming the heart of our national security apparatus,” Cramer said. He suggested that AI could be the key to substantial financial gains over the next half-decade, CNBC reported on Wednesday.
Companies like NVIDIA Corp (NASDAQ:NVDA), which produces graphics chips vital for generative AI, have seen significant growth recently. Cramer highlighted that the computing power required for AI-enabled machines is at the core of the current re-industrial revolution and will boost stocks from various sectors.
According to Cramer, the construction required for new data centers is one reason why stocks like Caterpillar Inc. (NYSE:CAT) are performing well. Power management company Eaton Corporation PLC (NYSE:ETN) and Vertiv ...