Cramer sees potential new leaders emerging among tech stocks

Jim Cramer sees a different group of tech stocks gaining strength as major names such as Nvidia, Microsoft, Alphabet and Meta struggle to sustain rallies.

Broadcom and Micron helped lift major stock indexes on Tuesday, while Oracle shares rose nearly 6%.

Cramer highlighted AMD and Arista Networks after both reported strong quarterly results following the market close.

He said these companies could help lead a recovery, but he is not yet convinced that tech stocks have reached a lasting low.

Local opposition to data centers could threaten some projects, especially for smaller developers, because communities worry about electricity costs and water use.

The Iran war remains another risk for markets, even as oil prices fell on hopes for progress in U.S.-Iran talks.

Cramer said he wants to wait for clearer signs before putting much more money back into tech stocks.