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Mad Money

Published Wed, Oct 28 2026 6:59 PM EDT

Key Points

CNBC’s Jim Cramer said SK Hynix’s blockbuster earnings showed that AI stocks can still rally despite growing investor skepticism about the massive data center build-out.

Cramer pointed to low valuations, strong earnings, accelerating growth and sustained demand as key ingredients for a rally, adding that SK Hynix’s results could bode well for rival Micron.

CNBC's Jim Cramer said Wednesday that SK Hynix's blockbuster earnings proved artificial intelligence stocks can still rally in a market that has grown increasingly skeptical of the massive data center build-out.

The South Korean memory giant's New York-listed shares surged more than 13% after it delivered better-than-expected results and an upbeat outlook. The report lifted other chipmakers, with Micron jumping almost 6%, Arm advancing 4% and AMD rising 3%.…