Jim Cramer on the Sector about to get Crushed by AI

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JP모건 실적 부진과 신용카드 수수료 관련 신중 발언으로 금융주 급락, 소프트웨어주는 AI 위협으로 하락하는 반면 AI 하드웨어(인텔·AMD)는 강세. 연준 금리 인하 기대에 따른 소매주 랠리 지속, 헬스케어 기업들은 저평가되어 있다고 주장. 에너지 비용 측면에서 빅테크의 청정에너지 요구를 언급.

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01. Jim Kramer reveals why banks, hardware, retail, and healthcare are suddenly in and why your favorite SAS name just got treated like it's going to zero. Watch to the end where he lays out the underloved sector he thinks is quietly set up for a major rerating this year. Happens when artificial intelligence meets healthcare.

02. Last night, we went to hear Nvidia CEO Jensen Wong and Dave Rex from Eli Liy talk about AI and drug development. They've opened this facility out here that will apply accelerated computing and generative AI with the work of Lily scientists to speed up the creation of critical new drugs. But somehow Wall Street treats that monumental effort like it's just a gigantic sideh show.

03. Instead, we got a conflict of earnings news. The earning season started today along with softer inflation courtesy of a decent consumer price index figure that came out this morning and an insane new love for retail. Let's start with the market's temper tantrum though. It's kind of cogent. JP Morgan is the world's biggest bank.

04. We all know that. But CEO Jamie Diamond, cautious guy, and whenever the bank reports, he tends to say things that the market doesn't want to hear. And that's what happened three months ago when he talked about cockroaches in the credit market. He sent the stock into a one-day nose dive that crushed the bank supporters.

05. [screaming] This time JP Morgan actually reported a weaker than expected quarter. Not enough underwriting and the stock eventually got hammered again. Worse, Jaime was back urging caution and getting tough about the right to charge high fees for credit cards to make up for losses. That combination created a tsunami of selling.

06. We saw the same thing last time. I say wait a day or two just like last time so you can gradually buy this one week this. Why? Because it will always bounce back. How do I know that? because it always has. What else? The markets decided that if you make software, artificial intelligence will make your business obsolete.

07. [groaning] And that's why Salesforce, Adobe, and Service Now were all slammed again today. I mean, laid to waste. Meanwhile, the hardware that powers AI soared, led by once lyworm, Intel and AMD. Although the market still won't show any love to Nvidia. Most fascinating development today, the smothering affection for retail.

08. I can't believe how quickly these stocks have become beloved after being hated for a year. Buyers can't seem to find a level to walk away from when it comes to the dollar stores and the discounters. Being a Dollar General, mine's a good one. I don't get it. Stocks aren't supposed to levitate like this.

09. The wave of buying includes Walmart, of course, and holy cow, Target with that 4% yield. and a new CEO. Southern Kramer Faith Home Depot. The deskbot has actual buyers and lows flirts with new highs. Wayfair won't quit. What's that? Neither will the flawless Ralph Lauren. What gives? I think the inevitable result of what happens when you have tame inflation, which is what we got from the CPI number this morning, the buyers cannot resist anything that benefits from lower interest rates that come from tame inflation.

10. Even if oil's rallying off a geopolitical news flat, we're ignoring that one. Hey, you want hate? I'll give you hate. All you have to do is declare you're going for clean energy to power your data centers. If Microsoft and Meta Platforms were to abandon their dislike of fossil fuels and go all in, say, on despise clean coal, or at least cleaner natural gas, they could actually lift their heads and not have them blown off.

11. Without cheap energy though, what really matters is that Alphabet increasingly looks like the only winner in AI for the moment. And it's partnered with Apple to power Siri and who knows what else. Winner. Of course, this is all dayto-day stuff that could be rolled back tomorrow. So, why don't we just take one moment and talk about the big picture?

12. We're still at the beginning of the year. We have these what I call jailbreaks going on. Happens every year. There's a jailbreak in retail, jailbreak in oil, and a jailbreak in transports. Way too much love for those. But let me tell you where you're not getting the love out here in San Francisco. Man, open the Golden Gate already.

13. What the heck? This JP Morgan Healthcare Conference I just spent the last two days. I've seen the guts of pharma, the big healthcare companies and I think they may all be undervalued here. Irony of ironies by the way, Johnson Johnson led the pack and it was only one of a handful of drug companies that didn't present.

14. I heard things from the likes of Cardinal Health, Amjen, Novartis, Bin Lom, and Eli Liy that were so perfect for this environment of lower interest rates that I cannot or lower inflation and lower interest rates that I can't believe their stocks didn't roar. They should be. More on that one later. As I said at the beginning of the year though, the first two weeks are always a jumbled amalgam of love and hate.

15. Too much of both. But the bottom line, now that earning season has started, the rehearsals are over and we're going to begin to see the reaction to actual numbers. And if it's anything like JP Morgan, what can I