
Jim Cramer says it's time to look beyond tech as AI uncertainty rattles the market
CNBC
Published: Jul 20, 2026, 10:20 PM
Sentiment Analysis
Jim Cramer says it's time to look beyond tech as AI uncertainty rattles the market. While he's waiting for a broader pullback before buying more tech, Cramer remains bullish on long-term AI leaders including Nvidia and Intel. Semiconductor and AI-related stocks have come under pressure in recent weeks after surging to records earlier this year. Cramer argued it may be time to stop chasing every twist in the AI trade and instead focus on high-quality companies in other sectors. "It makes me want to just find high-quality companies like Goldman Sachs and Wells Fargo, or dig my teeth into FedEx and FedEx Freight, or scoop up some Honeywell and Boeing," he said. Cramer's Charitable Trust, the portfolio used by the CNBC Investing Club, owns all six companies. Still, Cramer stressed that he is not abandoning artificial intelligence altogether. He said he remains bullish on Club name Nvidia, arguing the chipmaker continues to dominate the data center market despite customers' efforts to develop their own chips. "Nvidia is at the heart of the data center," Cramer said, saying it's AI server racks are "the envy of the world and only AMD comes close." Cramer also reiterated his bullish stance on Intel ahead of the chipmaker's earnings report, calling it a "triple play" because of its central processing unit (CPU) business, advanced chip-packaging capabilities, and its burgeoning third-party foundry business. "Intel is a national treasure," said Cramer, who also owns Intel for the Club. Even so, Cramer said he is waiting for a broader washout in technology before adding meaningfully to the sector. Until then, he thinks investors are better off putting money to work in high-quality companies outside tech while they wait for more attractive entry points into AI stocks.
Source: CNBC
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