Jim Cramer Highlights Microsoft as Data Center Beneficiary

Microsoft Corporation (NASDAQ:MSFT) is one of the stocks Jim Cramer weighed in on. Cramer mentioned the company while highlighting the renewed optimism around data center demand and its impact on leading tech companies. He said:

“Now, some of today’s strength in tech has, really has to do with still one more celebration of the data center. There have been lots of questions about whether the backlog is real post that Oracle news, but they have, they seem to have been resolved to the point that it is positive, and demand looks very strong. Microsoft’s Azure, Meta’s AI, NVIDIA’s chips, Tesla’s autonomous driving, Google’s Gemini, Amazon’s Web Service would all seem to be big beneficiaries of that demand, meaning that they’re probably doing so well that you see… the demand.”

Image by Tawanda Razika from Pixabay

Microsoft Corporation (NASDAQ:MSFT) develops software, cloud services, and devices, including Microsoft 365, Dynamics, LinkedIn, Azure, and GitHub. Moreover, the company provides Windows, Surface products, Xbox gaming, search and advertising solutions, and AI-powered tools like Copilot.

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Disclosure: None. This article is originally published at Insider Monkey.