Jim Cramer Attributes ‘Magnificent Seven’ Boom to Growth Over Technology
Jim Cramer, host of CNBC’s Mad Money, posits that the success of the 'Magnificent Seven' stocks—Amazon, Alphabet, Meta, Apple, Microsoft, Nvidia, and Tesla—stems not from technological prowess but from their unmatched growth trajectories. 'Growth is what the market always loves,' Cramer asserts, dismissing narrow focus on sectors like AI or data centers.
Amazon’s recent 10% surge following robust AWS performance underscores his thesis. Nvidia’s $5 trillion valuation milestone further cements the trend of investors rewarding earnings momentum and sector leadership.