What is Jim Cramer's view on the tech sector?

Cramer believes that a market driven solely by data center spending is a "perilous market" and that there are better places to find winning investments than the AI space.

Which sectors does Cramer see as promising alternatives to tech?

Cramer points to opportunities in retail, travel, restaurants, aerospace, and pharmaceuticals, noting that these sectors could "catch fire" as the government shutdown comes to an end.

How does the end of the government shutdown impact Cramer's investment outlook?

Cramer is optimistic that the end of the shutdown will boost various sectors, including retail stocks that were doing well before the shutdown, such as On, Urban Outfitters, Macy's, and Costco.

Home / Business and Economy / Cramer Sees Opportunities Beyond AI as Tech Stocks Falter

Cramer Sees Opportunities Beyond AI as Tech Stocks Falter

13 Nov

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Summary

Tech-heavy Nasdaq dips as broader market rallies
Cramer optimistic about undervalued stocks in retail, travel, restaurants
Shutdown's end expected to boost various sectors

Cramer Sees Opportunities Beyond AI as Tech Stocks Falter

According to CNBC's Jim Cramer, the tech-heavy Nasdaq Composite dipped 0.26% on Wednesday, even as the broader market saw gains, with the Dow adding 0.68% and the S&P 500 inching up 0.06%. Cramer expressed optimism about the strength of the overall market, noting that stocks were able to rally despite weakness in the tech giants.

Cramer pointed to a number of undervalued companies in sectors like retail, travel, restaurants, aerospace, and pharmaceuticals that could "catch fire" now that the government shutdown appears to be coming to an end. He suggested major travel stocks such as United Airlines, Delta, and Expedia are starting to rebound, which is good news for cruise lines and hotels, including Marriott. Cramer also highlighted promising signs in the restaurant industry, with Chili's parent Brinker International, Texas Roadhouse, and Chipotle making "nascent" moves.

The end of the shutdown is also expected to boost retail stocks, with Cramer noting that shoemaker On, as well as Urban Outfitters, Macy's, and Costco, were doing well before the shutdown. Cramer welcomed the return to "growth investing, non-tech style," stating that these sectors do not require extensive buildouts, as "the building's already done."

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