Why Jim Cramer Isn’t Selling Amazon, Microsoft, and Nvidia Stocks Now

TLDR

• Jim Cramer says he’s not giving up on Magnificent Seven tech stocks despite their slow start in 2026
• Storage and semiconductor equipment stocks are pulling money away from Mag 7 companies like Amazon, Microsoft, and Nvidia
• Only Amazon and Alphabet are showing gains year to date among the eight major tech stocks
• Micron stock jumped 39% this year due to memory chip shortages driving up prices
• Cramer believes storage stock prices can’t stay high forever and investors will return to Mag 7 stocks

Jim Cramer told investors Thursday he’s keeping his faith in the Magnificent Seven tech stocks. The “Mad Money” host made his case even as most of these companies struggle in early 2026.

The Mag 7 group includes Amazon, Alphabet, Apple, Microsoft, Meta Platforms, Nvidia, and Tesla. Broadcom sometimes gets added to this list too. Right now, only Amazon and Alphabet show positive returns for the year.

NVIDIA Corporation, NVDA

Cramer pointed to a specific reason for the tech giants’ recent weakness. Storage and semiconductor equipment stocks have seen massive rallies. This surge is pulling investor money away from the Mag 7 companies.

Memory Chip Shortage Drives Storage Stock Rally

The storage sector boom stems from a shortage of memory chips needed for AI computing. Micron leads this rally with a 39% gain year to date. The company’s stock has doubled in just three months.

Seagate, Sandisk, and Western Digital also posted strong gains. These companies now have significant pricing power over their customers. The shortage means buyers have few alternatives.

Why Cramer Remains Bullish on Mag 7

The CNBC host believes the storage rally won’t last forever. High prices eventually create their own problems. When storage stocks peak, money should flow back to tech giants.

Cramer sees the current moment as temporary. The Mag 7 stocks built their positions as leaders during the AI-fueled bull market. That fundamental strength hasn’t changed.

Market rotation between sectors happens regularly in bull markets. Storage stocks attract attention now because of supply constraints. The Mag 7 companies remain well-positioned for long-term growth despite near-term pressure from sector rotation.

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