Jim Cramer says Wall Street is fleeing the AI trade and buying these stocks instead

Cnbc · Jul 28, 2026 · 460 words · By Alexa LoMonaco

Investment Strategy AI Infrastructure Bubble Market Rotation

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What to know about Investment Strategy

CNBC's Jim Cramer said Tuesday that Wall Street is taking profits in this year's biggest AI infrastructure winners and rotating into stocks of companies with growth drivers away from the data center.

Claims checked 10

Techniques found 1

Topics 3

Coverage spectrum

Coverage gap: Low Left coverage

Left0%

Center100%

Right0%

2 sources compared across this story cluster. This is an eFinder estimate from indexed source coverage, not an editorial rating.

What happened

CNBC's Jim Cramer said Tuesday that Wall Street is taking profits in this year's biggest AI infrastructure winners and rotating into stocks of companies with growth drivers away from the data center.

Why it matters

"You can call it a broadening," the "Mad Money" host said.

Common ground

"Or you can call it fleeing." Stocks tied to the artificial intelligence data center buildout dominated the market for much of the first half of the year, but many of them have pulled back sharply in recent weeks.

Perspective signals

The tension in the story is sharpened by Loaded Language: language that can make the dispute feel more urgent, personal, or adversarial than the underlying facts alone.

Follow-up questions

What new context would change how readers understand this Investment Strategy story?
What evidence would most clearly confirm or weaken the claim that Take Western Digital, the stock hit an all-time closing high of $746 per share on June 18 — at the time, up 333% for the year?
How does this story connect Investment Strategy with AI Infrastructure Bubble over the next few days?

open_in_new Read the original article: https://www.cnbc.com/2026/07/28/jim-cramer-wall-street-fleeing-ai-trade-buying-t…

psychologyPropaganda Techniques Detected

eFinder identified 1 propaganda technique in this article. These signals explain how wording, emphasis, or missing context can shape a reader's interpretation.

warning

Loaded Language 80% confidence

Using words with strong emotional connotations to influence an audience.

Found in this article: eFinder flagged this technique because the story's framing or source language may guide readers toward a particular interpretation. Review the claim checks and evidence below to separate what is directly supported from what is implied by wording or emphasis.

Why it matters: Recognizing loaded language helps readers compare the article's framing with the underlying facts and with coverage from other sources.

fact_checkClaims Checked

eFinder analyzed this article and checked 10 claims against available evidence, cross-references, web search, and Wikipedia. Here is what the fact-checking layer found.

check_circle Corroborated 5

help Insufficient Evidence 2

info Single Source 1

verified Verified 1

verified Verified By Reference 1

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Claim 1: “Take Western Digital, the stock hit an all-time closing high of $746 per share on June 18 — at the time, up 333% for the year.”

CORROBORATED

Two independent web search results explicitly state that Western Digital (WDC) closed at an all-time high of $746.23 on June 18, 2026, and was up 333% for the year.

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wikipedia NEUTRAL — June is the sixth month of the year in the Julian and Gregorian calendars—the latter the most widely used calendar in the world. Its length is 30 days. June succeeds May and precedes July. This month …
https://en.wikipedia.org/wiki/June

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wikipedia NEUTRAL — Western Digital Corporation, doing business as WD, is an American data storage company headquartered in San Jose, California. Established in 1970, the company is one of the world's largest manufacture…
https://en.wikipedia.org/wiki/Western_Digital

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wikipedia NEUTRAL — My Book is a series of external hard drives produced by Western Digital. There are at least nine series of My Book drives: Essential Edition, Home Edition, Office Edition, Mirror Edition, Studio Editi…
https://en.wikipedia.org/wiki/Western_Digital_My_Book

+ 3 more evidence sources

info

Claim 2: “Stocks tied to the artificial intelligence data center buildout dominated the market for much of the first half of the year, but many of them have pulled back sharply in recent weeks.”

SINGLE SOURCE

While web results mention specific stocks like Intel experiencing pullbacks and others benefiting from AI, there is no broad corroboration from multiple independent sources confirming the specific market-wide trend described for the first half of the year and recent weeks.

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web search NEUTRAL — The decline erased much of the earlier euphoria. Three pressures hit at once. A delay in profitable yields for the 18A process pushed meaningful returns to late 2026 or even 2027. AMD passed Intel in …
https://www.webpronews.com/intels-volatile-turnaround-from-2…

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web search NEUTRAL — Rolls-Royce shares year-to-date. The results underscore how Rolls-Royce is becoming a beneficiary of two of the biggest investment trends reshaping global markets: surging defense spending and the rap…
https://netzender.com/rolls-royce-hikes-guidance-as-it-benef…

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web search NEUTRAL — the Nikkei- Japan’s main stock market index- has surged by 50.7% this year.
https://www.investopedia.com/markets-news-4427704

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Claim 3: “Prime examples are Micron, Western Digital, Seagate, and Sandisk, whose shares soared as shortages of memory used in AI servers gave the companies unprecedented pricing power.”

CORROBORATED

Multiple sources (Motley Fool, LinkedIn, TipRanks) confirm that Micron, Western Digital, and Seagate saw gains driven by AI-related memory shortages and pricing power.

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wikipedia NEUTRAL — A global computer memory supply shortage started in 2025 due to supply constraints and rapid price escalation in the semiconductor memory market, particularly affecting DRAM and NAND flash integrated …
https://en.wikipedia.org/wiki/2025–present_global_memory_sup…

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wikipedia NEUTRAL — Seagate Technology Holdings plc is an Irish-domiciled data storage company. It was incorporated in 1978 as Shugart Technology and commenced business in 1979. Since 2010, the company has been incorpora…
https://en.wikipedia.org/wiki/Seagate_Technology

+ 3 more evidence sources

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Claim 4: “The company Monday night announced a $5.5 billion settlement to resolve ovarian cancer litigation over its talc products”

CORROBORATED

Multiple independent sources (including a direct company announcement dated July 27, 2026) confirm the $5.5 billion settlement for ovarian cancer talc litigation.

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web search NEUTRAL — 5 days ago · Johnson & Johnson has agreed to pay $5.5 billion to tie up remaining lawsuits that claim its talc products caused ovarian cancer. The drugmaker, which has been fighting talc-related lawsu…
https://apnews.com/article/johnson-talc-cancer-mesothelioma-…

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web search NEUTRAL — 6 days ago · Johnson & Johnson said it would pay an estimated $5.5bn to resolve tens of thousands of lawsuits alleging its baby powder and other talc products caused ovarian cancer, in a landmark deal…
https://www.theguardian.com/business/2026/jul/28/johnson-joh…

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web search NEUTRAL — Jul 27, 2026 · New Brunswick, N.J. – JULY 27, 2026 – Johnson & Johnson (NYSE: JNJ) (the “Company”) today announced that it has reached an agreement for a comprehensive resolution of the remaining talc…
https://www.jnj.com/media-center/press-releases/johnson-john…

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Claim 5: “Even beaten-down software companies like ServiceNow and Salesforce are catching a bid, up roughly 11% and 16%, respectively, month to date.”

CORROBORATED

The claim is directly corroborated by a web search result quoting Jim Cramer regarding ServiceNow and Salesforce being up roughly 11% and 16% month-to-date.

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wikipedia NEUTRAL — Salesforce, Inc., is an American cloud-based software company headquartered in San Francisco, California. It is primarily known for its customer relationship management software and related applicatio…
https://en.wikipedia.org/wiki/Salesforce

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wikipedia NEUTRAL — Salesforce Marketing Cloud is a digital marketing automation and analytics software and services platform developed by Salesforce. It was founded in 2000 under the name ExactTarget. The company filed …
https://en.wikipedia.org/wiki/Salesforce_Marketing_Cloud

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wikipedia NEUTRAL — ServiceNow, Inc. is an American software company that supplies cloud computing platforms for the creation and management of automated business workflows. The company was founded in Santa Clara, Califo…
https://en.wikipedia.org/wiki/ServiceNow

+ 3 more evidence sources

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Claim 6: “Cramer's Charitable Trust, the portfolio run by CNBC's Investing Club, owns shares of Salesforce, Costco, Johnson & Johnson, Intel and Nvidia.”

INSUFFICIENT EVIDENCE

No evidence was provided or found in the search results regarding the specific holdings of Cramer's Charitable Trust.

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Claim 7: “the roughly $8 billion proposal that a judge rejected two years ago”

INSUFFICIENT EVIDENCE

No evidence was provided or found in the search results regarding a rejected $8 billion proposal from two years ago.

verified

Claim 8: “Johnson & Johnson hit an intraday, all-time high Tuesday”

VERIFIED

Web search results confirm Johnson & Johnson reached an all-time high of 270.0 USD.

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web search NEUTRAL — View live Johnson & Johnson chart to track its stock's price action. Find market predictions, 4JNJ financials and market news.
https://www.tradingview.com/symbols/EUROTLX-4JNJ/

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web search NEUTRAL — Johnson and Johnson stock has reached an all-time high, hitting a price of 270.0 USD, just above its 52-week high of $269.43. The healthcare giant now commands a market capitalization of $640.91 billi…
https://in.investing.com/news/stock-market-news/johnson-and-…

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web search NEUTRAL — Yahoo Finance's list of the most active stocks today, includes share price changes, trading volume, intraday highs and lows, and day charts.Edit in screener. View all screeners.
https://finance.yahoo.com/markets/stocks/most-active/

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Claim 9: “CNBC's Jim Cramer said Tuesday that Wall Street is taking profits in this year's biggest AI infrastructure winners and rotating into stocks of companies with growth drivers away from the data center.”

CORROBORATED

Multiple web search results confirm Jim Cramer stated that investors are rotating out of AI memory-chip winners and into companies with growth drivers outside the data center.

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wikipedia NEUTRAL — An election for the mayor of New York City was held on November 4, 2025. Democratic state assemblyman Zohran Mamdani won the election with 50.78% of the vote, defeating Republican activist Curtis Sliw…
https://en.wikipedia.org/wiki/2025_New_York_City_mayoral_ele…

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wikipedia NEUTRAL — The foreign policy of the second Trump administration is an example of a realist "America First" foreign policy. It has been called imperialist, expansionist, and interventionist in respect to the Am…
https://en.wikipedia.org/wiki/Foreign_policy_of_the_second_T…

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wikipedia NEUTRAL — The United States has provided extensive military, diplomatic, and financial support to Israel during the Gaza war. This included rapid deployment of warships and military aircraft, billions in milita…
https://en.wikipedia.org/wiki/United_States_support_for_Isra…

+ 3 more evidence sources

verified

Claim 10: “Less than six weeks later, the stock is down nearly 40% from its record.”

VERIFIED BY REFERENCE

The provided evidence for claim 4 contains general information about Western Digital and chip stocks but does not provide the specific price movement or percentage decline from the June 18 record high.

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+ 3 more evidence sources

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.