CNBC financial commentator: Firmly optimistic about major AI technology companies, believing the market is underestimating their long-term value

Glonghui, July 10 | CNBC finance commentator Jim Cramer stated that although major tech stocks have performed flatly or even lagged behind the broader market so far this year, he remains firmly optimistic about the AI technology companies with the largest market capitalizations and believes the market currently underestimates these companies’ long-term value. In the short term, large tech stocks may remain highly correlated; when the share price of one company weakens, it often drags down the entire sector. He said that as soon as one heavyweight tech company announces that its AI business has started generating profits, market capital will likely be reallocated. At that point, investors will no longer prefer general semiconductor companies but will instead shift to ultra-large cloud service providers with massive free cash flow who can continue to benefit from AI commercialization, as these companies will have the capacity to create long-term value far above market expectations. The CNBC Investing Club charitable fund managed by Cramer currently holds shares in six of the Magnificent Seven tech companies, with Tesla being the only one not held.