Jim Cramer sees signs of life in tech stocks — but not from the usual winners

Impact · against what's priced in

Strong quarterly results for AMD and Arista Networks provide a catalyst for price action as they support growth trajectories the market had previously viewed with skepticism. Conversely, the focus on data center opposition creates a fresh headwind for smaller developers like Iren and Nebius, who lack the resources of hyperscalers.

AMD+0.40

Challenges what's priced in

The price assumes

Total Data Center revenue more than doubling during 2027