Overview
- Cramer said the data center rally rests on real demand for AI computing power, not a hope that users show up.
- He said Amazon plans about $200 billion in capital spending this year, with most of it slated for new data centers to serve AI work.
- He named OpenAI, Anthropic and Meta as customers now seeking large blocks of compute and ready to move to whoever can supply it.
- He argued that cloud providers that hold back risk sending those dollars to rivals such as Google Cloud or Microsoft Azure.
- In earlier remarks this week, he used Jensen Huang’s five-layer cake to show how the buildout lifts utilities, chipmakers, server and networking gear, cloud platforms, and AI apps.