# Jim Cramer sees tech rally led by AMD, Arista Networks and Oracle, not the Magnificent Seven

> Original title: Jim Cramer sees signs of life in tech stocks — but not from the usual winners

- Source: CNBC · Technology
- Published: 2026-11-03T23:58:09.000Z
- Bad Influence: https://badinfluence.news/items/wh88ms1pkw3pcq62rjm8z6ur9
- Original: https://www.cnbc.com/2026/11/03/jim-cramer-sees-signs-of-life-in-tech-stocks-but-not-from-the-usual-winners.html

## Summary

CNBC's Jim Cramer says a new group of tech stocks, including AMD, Arista Networks and Oracle, may be emerging as market leaders as Broadcom and Micron gains lifted the major averages Tuesday. Cramer says opposition to data center development over electricity and water use could hurt smaller developers such as Iren, Nebius and CoreWeave. He also warns that the Iran war and uncertainty over U.S.-Iran talks could threaten a sustained recovery.