Jim Cramer Calls Big Tech ‘Millstones’ and Names the ‘New Techs’ Taking Over
Jim Cramer on Mad Money criticized big tech companies like Alphabet, Amazon, and Meta, calling them 'millstones' and instead favoring life sciences suppliers. He highlighted Thermo Fisher Scientific (TMO), Agilent Technologies (A), and Waters (WAT) as new tech leaders, citing strong performance and FDA support. TMO is up 20.5% YTD, A up 28.9%, and WAT up 22.1%. Cramer awaits more confirmation before re-entering tech, noting recent NASDAQ-100 decline.
How this was made
The 30-second read
Why it matters
The article provides no fresh data beyond existing earnings reports; it is an opinion piece that may influence short‑term sentiment toward the highlighted stocks.
Market read
Commentary may spark modest interest in life‑sciences instrument stocks but lacks new material information.
What to watch
Potential supply‑chain constraints and government budget pressures could limit life‑sciences spend.
Background
Jim Cramer argues that life‑sciences suppliers could become the next tech leaders, citing recent earnings beats from Thermo Fisher, Agilent and Waters.
Ticker impact
Thermo Fisher reported Q3 revenue up 9.1% and EPS beat, with stock up 20.5% YTD.
limited upside as earnings already priced in
Quarterly numbers were expected; market likely to hold current levels.
Agilent highlighted 28.9% YTD gain and raised FY EPS guidance.
potential modest upside on guidance lift
Guidance increase is a positive signal but limited scale.
Waters posted organic revenue growth and raised 2026 EPS guidance.
possible modest upside on guidance raise
Guidance improvement is new but market impact likely modest.
Market effects
Life‑sciences instrument sector highlighted as potential new tech theme.
U.S. market sentiment may shift modestly toward lab‑equipment stocks.
Limited; commentary primarily U.S. investor focus.
Counterpoint
Cramer’s shift may be premature; traditional megacap tech still dominates performance.
Key entities
- personJim Cramer
Host of Mad Money, providing market commentary.
- companyThermo Fisher Scientific
Life‑sciences supplier mentioned with earnings beat.
- companyAgilent Technologies
Life‑sciences supplier with raised guidance.
- companyWaters Corporation
Life‑sciences supplier with raised guidance.
