Jim Cramer of 'Mad Money' highlighted the importance of data centers ahead of Nvidia's earnings report, noting that 90% of Nvidia's revenues are tied to this sector. He expressed optimism for stocks like GE Vernova, which has seen a 47% increase this year, and Micron Technology, despite a recent 6% drop, is up 220% year-to-date.
Cramer suggested that while it may be prudent to sell some data center-related stocks, the sector remains a key growth area. Additionally, he pointed out the struggles of Dick's Sporting Goods, which has dropped 22% in three months, and the Bank of Montreal, which has seen a slight uptick since its last earnings report.
Other notable stock movements include Expedia and Amgen, both of which have reached new highs recently