Stocks are hitting records despite surging yields. Cramer explains why

Impact · against what's priced in

The rally in AI giants despite surging Treasury yields reinforces the market's current valuation floors but offers no new catalyst, as the specific drivers mentioned—like Copilot and Muse—are already reflected in current prices. The primary risk is the macro disconnect, where rising yields compress multiples for the broader market while AI leaders temporarily decouple.

META+0.00

Already priced in

The price assumes

Revenue growth decelerating from 22.2% to roughly 13% annually over the next decade