Jim Cramer Backs Magnificent Seven Stocks Despite 2026 Slump, Eyes AI Profit Catalyst

According to Jim Cramer, CNBC's Mad Money host, on Thursday he maintained his bullish stance on the Magnificent Seven tech giants—Google parent Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla—despite lackluster recent returns in 2026. Cramer predicted a powerful market rally once any of these companies announces AI-driven profit growth, arguing investors have unfairly lumped the group together despite their vastly different businesses and strategies.

Cramer highlighted Meta as a prime example, noting that the company plans to begin manufacturing its own AI chip in September, a move he said signals competitive advantages the market is overlooking. He also praised Meta CEO Mark Zuckerberg's track record and argued investors should recognize his company's strategic positioning in AI and compute capacity, even as it competes against cloud giants Amazon, Alphabet, and Microsoft.