Cramer Sees AI Profit Catalyst for Magnificent Seven, Keeps Bet on Tech Giants
Jul 9, 2026, 8:47 PM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
A concrete AI-profit milestone among a Mag 7 member could re-rate megacaps higher and lift the S&P 500 via sentiment and flow shifts; historically, big tech profits from AI have sparked broad repositioning, though a delay or disappointment could reverse quickly.
AI summary
What happened, with direct paths to the underlying reporting
Jim Cramer reaffirmed a bullish stance on the Magnificent Seven, betting an AI-driven profit surprise could lift the group and the broader market. He pointed to Meta's plan to build its own AI chip this year and expand compute capacity, plus Alphabet's YouTube and Waymo strength as overlooked positives. The dynamic suggests the next AI profitability milestone could spark a broad rally for megacaps and the S&P 500.
Meta to start manufacturing its own AI chip later this year.
Alphabet AI spend scrutinized; YouTube and Waymo remain key profits.
Megacap stocks likely move together; one AI-profit milestone could spark broad rally.
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