Woofun AI reports that Jim Cramer stated Wall Street's AI pricing logic has shifted toward rewarding infrastructure suppliers rather than hyperscale cloud providers. He noted that the "Big Seven" lost approximately $2.3 trillion in market value in June, raising concerns about the profitability of massive AI data center expenditures by companies like Amazon, Alphabet, Microsoft, and Meta.

Cramer identified Micron, Sandisk, Intel, Marvell Technology, and AMD as key beneficiaries of supply-demand imbalances in memory chips and networking devices. He designated Intel as his new top pick, citing CEO Pat Gelsinger's revitalization efforts and the company's position to gain from CPU demand, advanced packaging, and U.S. domestic semiconductor manufacturing growth.