Mad Money host Jim Cramer said the AI data center trade is reclaiming market leadership. He named six stocks leading the rally, and every one of them closed higher on Wednesday.
The group had trailed financials, healthcare, and retail for weeks. Cramer said a run of developments in recent days has restored his confidence in AI infrastructure names.
Why the AI Data Center Trade Stalled
Cramer said the once-hot AI infrastructure names began cooling in late June. The slide then ran through most of July.
“This group has languished while the financials, the healthcares and the retailers rocked,” he said.
Each of the six rallied sharply before the gains reversed, for some in early May and for others in June. All then trended lower through late July. CoreWeave (CRWV) dropped 56% across that span.
Super Micro Computer (SMCI) fell 53%, and Nebius (NBIS) lost 48%. Lumentum (LITE) shed 43%, and Intel (INTC) fell 42%. The Nasdaq 100 declined by just 11%.
The turn arrived with the forced unwind of Situational Awareness. Wednesday’s session is further proof of the regained strength.
Nebius led with a 34.14% gain. CoreWeave added 19.28% and Supermicro 19.02%. Lumentum rose 13.63%, Intel 3.32%, and Nvidia (NVDA) 3.03%.
“I cannot stress enough how important today’s session was,” Cramer added.
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What Restored Cramer’s Confidence
Cramer noted that prices still sit below their peaks but now “seem primed to go higher.” He pointed to a cluster of recent events that suggested the pressure had passed.
- Intel drew enough investor demand to lift its stock offering to $20 billion from $15 billion.
- He said Supermicro and Lumentum reported better-than-expected results, followed by Nebius. Worth noting that Supermicro missed revenue estimates.
- CoreWeave’s results, he said, offered evidence that older Nvidia GPUs hold value longer than skeptics expected
- Finally, Wednesday’s inflation print eased the rate pressure weighing on growth stocks.
How the 6 AI Data Center Stocks Have Performed in 2026
Notably, all six are beating the S&P 500 this year. The index has gained 12.98% year-to-date, according to Google Finance data.
Nebius leads the group at 209.64%, followed by Intel at 173.58% and Lumentum at 152.98%. CoreWeave is up 50.4%, Supermicro is up 28.5%, and Nvidia is up 20.16%.
“This morning, the rockets went off and the fabled six fighting bulls, Supermicro, Nvidia, Intel, Nebius, Lumentum, and CoreWeave, tore out of their pens and proceeded to trample the non-believers who didn’t realize that you’re taking your life in your hands when you bet against these companies,” Cramer said.
The question now is how long the run lasts and whether the six can reclaim their highs.
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