# CNBC's Jim Cramer argues that the latest wave of Big Tech earnings proves aggressive AI and data center spending is fueling competitive advantage.

*genai · news · 2026-05-04 · Benzinga*

## Key points

- Jim Cramer argues Big Tech's AI and data center spending is a competitive necessity, not a bubble.
- Alphabet's 11% stock surge is attributed to rapid cloud growth and Gemini AI expansion.
- Apple is seen as strategically advantaged through its installed base and partnerships, despite lower data center spend.
- Cramer highlights Nvidia's pivotal role as essential infrastructure powering the AI surge and revenue growth.
- Meta and Microsoft faced declines, with Cramer expressing skepticism about current confidence in their leadership.

**Companies:** Apple, Amazon, Alphabet, Microsoft, Meta, Nvidia
**Countries:** United States

[Read the full story on Benzinga](https://www.benzinga.com/markets/tech/26/05/52239745/jim-cramer-says-ai-spending-is-no-bubble-as-alphabet-amazon-apple-surge-while-microsoft-and-meta-face-pressure)

---

Canonical: https://newsio.io/n/439d702d-50fb-444c-8d19-78cedfc3bf35/cnbcs-jim-cramer-argues-that-the-latest-wave-of-big-tech-earnings-proves-aggress
Summarized by Newsio from Benzinga. https://newsio.io/how-it-works