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%. The rally stood out at a time when even strong earnings haven't been enough to lift some AI-related stocks, as investors question whether the enormous spending on data centers will pay off.
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