Why Jim Cramer Says It's Not Too Late for Data Center Stocks - Even After the Rally

Tech stocks kicked off the week with a strong upward push, led by semiconductor and AI infrastructure plays. Micron, Intel, AMD, Qualcomm, and Nvidia all posted gains, while Corning - a key supplier of fiber optic cables and data center materials - jumped over 9%. The company's partnership with Nvidia, announced last week, is fueling demand for its products. Corning is now up 130% year-to-date, prompting Jim Cramer to weigh whether to trim the position for responsible portfolio management. However, trading is restricted after he mentioned the stock on air.

Cramer addressed the burning question for investors: Is it too late to buy into data center names after their parabolic rise? "You're late, but it doesn't matter that you're late," he said, pointing to the massive budgets hyperscalers are allocating. "It's hard to imagine these stocks going down given that spending."

Honeywell shares rose 2.7% after filing an S-1 for the IPO of its quantum computing unit, Quantinuum. The spin-off, set for June 29, could unlock value and simplify Honeywell's story. Cramer noted that Honeywell's industrial automation business "may be worth much more than I thought," driven by today's focus on automation solutions.

Qnity Electronics climbed 4.5% ahead of its earnings report. The stock, spun off from DuPont in late 2025, is up 89% year-to-date as a supplier to the semiconductor industry. Former CEO Ed Breen had called Qnity "the gem" of DuPont - a call Cramer now says is "worth holding." DuPont itself is also performing well, despite shipping delays tied to Middle East conflicts.

Other stocks covered in rapid-fire analysis included Dell Technologies, Monday.com, and Madison Air Solutions. As always, Cramer's Charitable Trust holds positions in several of these names.

Source: CNBC