Cramer Recasts AI Playbook: Endorses Nvidia, Hails AMD–OpenAI Deal, Presses AWS, Touts Cisco and Dell
He frames AI infrastructure spending as durable, steering investors toward core chips alongside lower‑multiple networking plays.
Overview
- Cramer praised AMD after its OpenAI partnership, noting the stock jumped about 23% and calling the deal a validation of Lisa Su’s AI strategy and market opportunity.
- He reiterated Nvidia as a must‑own for the AI buildout, citing Jensen Huang’s denial of so‑called circular deals and the view that GPU demand reflects a broader industrial shift.
- He said he is not giving up on Amazon but urged clearer signals from AWS, saying he wants Andy Jassy to confirm stepped‑up purchases of Nvidia hardware.
- He pointed to Cisco and Dell as attractive value ways to play the AI buildout, highlighting Cisco’s new AI data‑center networking gear, low earnings multiple, and room alongside Broadcom, and Dell’s stronger growth outlook, insider buying by Michael Dell, and renewed leadership under Jeff Clarke.
- He voiced fresh caution on Salesforce as customers explore writing their own code, referencing Jensen Huang’s remarks and examples like Live Oak as potential signs of software disintermediation.