Jim Cramer Sees AI Data Center Gains Across Chips, Power and Two Other Sectors

The AI data center boom is spreading beyond GPUs to memory, servers, networking, cooling and power supply. CNBC “Mad Money” host Jim Cramer said the trend is no longer a single-technology theme but an economic transformation affecting utilities, industrial companies and cloud services. Supply-chain earnings and valuations have therefore become a key focus for investors.

Cramer said on May 10, 2026, that it was still not too late to invest in the theme. Amazon, Microsoft, Alphabet and Meta are expected to spend up to about $725 billion combined on capital expenditures in 2026, an increase of 77% from a year earlier. He highlighted four categories—chips, infrastructure, power and cloud platforms—and expects the related data centers to make a more visible contribution to revenue starting in 2027.