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Cramer: AI Makers Rise, Magnificent Seven Drop $2.3 T

7/1/2026

24 5 Full Breakdown

Summary

Story summary

Jim Cramer said Wall Street rewards AI-product makers and punishes AI-spending tech firms.
He noted that the Magnificent Seven lost roughly $2.3 trillion in market value during June.
He warned that demand for compute infrastructure exceeds supply, raising memory-chip and networking-equipment costs.
He listed Nvidia, Micron, Sandisk, Intel, Marvell Technology and AMD as the quarter’s biggest winners and called Intel his favorite stock.

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Story summary

Jim Cramer said Wall Street rewards AI-product makers and punishes AI-spending tech firms.
He noted that the Magnificent Seven lost roughly $2.3 trillion in market value during June.
He warned that demand for compute infrastructure exceeds supply, raising memory-chip and networking-equipment costs.
He listed Nvidia, Micron, Sandisk, Intel, Marvell Technology and AMD as the quarter’s biggest winners and called Intel his favorite stock.