Jim Cramer calls current market “most exciting moment” of his career as $1.2 trillion data center boom pushes Dow to record high
Cramer stated on CNBC that the $1.2 trillion data center capital expenditure wave, driven by AI infrastructure, is growing at 30% annually, presenting a "generational opportunity" for investors. He noted that Caterpillar (CAT) reported its first-ever quarter with over $20 billion in revenue, with its stock rising 6.48% intraday; Palantir (PLTR) saw revenue grow by 93%, and its stock surged 22.52% intraday. He identified these two companies as beneficiaries in data center power supply and enterprise AI software, respectively. The Dow Jones Industrial Average hit a new all-time high that day, and the S&P 500 was also aiming for a new high.
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