CNBC's Jim Cramer said Tuesday that a new group of technology stocks may be emerging as market leaders.
While heavyweights such as Nvidia, Microsoft, Alphabet and Meta have struggled to sustain rallies in recent weeks, other companies are showing signs of strength. That was evident during Tuesday's session as gains from Broadcom and Micron supported the major averages — a sign that investors may be shifting toward a different set of tech winners.
"Tech's trying to make a stand here. It's just not the tech that's led us for the last few years," the "Mad Money" host said.
Cramer pointed to chipmaker Advanced Micro Devices and networking company Arista Networks — both of which reported strong quarterly results after the bell Tuesday — as examples of technology companies that could help lead the sector's recovery. He also highlighted Oracle, whose shares jumped nearly 6% in Tuesday's session.
"I want to believe that non-magnificent tech can lead us," he said. "But I also know that there are concerns we must be aware of before we get too cocky about one session's set of positives."