Jim Cramer says Wall Street is fleeing the AI trade and buying these stocks instead

Impact · against what's priced in

The market is aggressively repricing memory stocks (WDC, MU, STX) as AI-driven pricing power proves transient, while JNJ sees a significant catalyst from a legal settlement that came in below previous expectations. In contrast, the rotation into software and staples represents a broader market shift rather than a fundamental change in those companies' intrinsic value drivers.

WDC−0.70: No priced-in read yet

Jim Cramer says Wall Street is fleeing the AI trade and buying these stocks instead

What matters in this story

Nasdaq closes 1% higher as AI stocks rebound on strong earnings

Jim Cramer says Wall Street is fleeing the AI trade and buying these stocks instead

What matters in this story

Nasdaq closes 1% higher as AI stocks rebound on strong earnings

How each ticker is affected

Connected tickers

Track these names every morning.

$4,000 in These 4 Non-Nvidia Chip Stocks Could Be Worth This Much by 2030

SpaceX stock soars, raising the AI trade: how high can it go?

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Jim Cramer says Wall Street is fleeing the AI trade and buying these stocks instead

What matters in this story

Next reads from the same story arc

Nasdaq closes 1% higher as AI stocks rebound on strong earnings

Jim Cramer says Wall Street is fleeing the AI trade and buying these stocks instead

What matters in this story

Next reads from the same story arc

Nasdaq closes 1% higher as AI stocks rebound on strong earnings

How each ticker is affected

Connected tickers

Track these names every morning.

$4,000 in These 4 Non-Nvidia Chip Stocks Could Be Worth This Much by 2030

SpaceX stock soars, raising the AI trade: how high can it go?

SK hynix Q3: Micron Already Told Us What's Coming

OpenAI's Dots Are Here!