Not all technology companies stand to lose from a slowdown in data center construction. In fact, it could be exactly what Amazon needs to pull ahead, according to Jim Cramer . “If it’s going to be slower, that does work for the incumbents, hence why I would buy Amazon,” Jim said Monday morning on CNBC. A divide in the artificial intelligence trade has become increasingly apparent since last week’s midterm elections , as growing opposition to new projects raises concerns about future infrastructure spending. Amazon shares have surged 7% since the election, including Monday’s intraday gains. Other cloud incumbents such as Microsoft and Google parent Alphabet are solidly higher too. Meanwhile, semiconductor and neocloud stocks have suffered steep losses, with Micron tumbling 14.1%, Sandisk plunging 21.2% and CoreWeave falling 8.9%, when including Monday’s intraday bounce-back rallies. The strength in hyperscalers has helped fuel a broader technology rebound following last week’s…
Jim Cramer says this is the stock to buy as data center development slows
