Jim Cramer says the world of tech investing has changed and it's not going back
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- Jim Cramer says semiconductor stocks are now the market's new center of gravity, pushing software into a back‑seat role.
- Nvidia posted Q2 earnings that beat expectations, with adjusted earnings of $1.87 per share and revenue of $81.62 billion.
- iShares Semiconductor ETF has risen about 72% this year, while the iShares Expanded Tech‑Software Sector ETF has slipped roughly 12%.
- AMD is among the chipmakers—alongside Nvidia, Arm, Intel, and Broadcom—supplying the AI computing infrastructure that fuels the sector’s surge.
- Anthropic and OpenAI AI models, when run on Nvidia hardware, enable businesses to build applications that rival costly enterprise software.
Why it matters: Semiconductor investors reap gains from a 72% ETF surge and Nvidia’s $81.6 billion revenue beat, while SaaS vendors see pricing pressure as AI chips enable cheaper, AI‑driven solutions.
