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CNBC’s Jim Cramer on Tuesday told investors the market no longer seems to be concerned about the potential for Chinese startup DeepSeek to outpace the tech titans currently leading in the artificial intelligence arena.
“This data center renaissance, so shocking to the people who abandoned these stocks — the Nvidias, the AMDs, the Vertivs, the Microns, the Marvell Technologies — are all back or nearly back,” he said. “And the story…that Nvidia CEO Jensen Huang calls the new industrial revolution, is once again front and center. It’s like DeepSeek never happened. The AI stocks, they’re all breaking out.”
The indexes climbed on Monday as Wall Street bet that the fragile cease-fire in the Middle East would stick. The Dow Jones Industrial Average
jumped 1.19%, the S&P 500
