Cramer: Do not to sell these 2 stocks with major ties to the AI data center buildout

An important development from the financial markets: Every weekday, the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a. Here's a recap of Monday's key moments. The S & P 500 was lower Monday after Friday's fresh record highs driven by artificial intelligence and data center buildouts.

Even with an uptick in oil, Jim Cramer said that AI is what's carrying the market. Our big four hyperscalers — Amazon , Alphabet , Meta Platforms , and Microsoft — boosted their combined AI spending commitments by over 14% to $695 billion alongside their reports last week. It's why Jim explained in his Sunday Column that talks of an AI spending bubble have been proven wrong this quarter.

Economic Details

" have to look at the vast web of business that is created by the data centers to realize that this is not by any means a small sector that's driving the market," Cramer added. Eaton shares were up modestly ahead of earnings due out Tuesday morning. The Club holding benefits from the data center buildout through its electrical and liquid cooling solutions, hence why the stock hit a record high last Thursday.

"If you sell it, it's only because you want to take a profit, not because anything's going wrong," Jim said, adding that Eaton is a well-positioned company. DuPont also reports Tuesday morning. The Street will be paying most attention to the impact of Middle East and high oil prices on the business, but also to continued operational improvements following the Qnity spin off.

Corning shares were modestly higher ahead of its Analyst Day on Wednesday. The stock has recovered a big chunk from last week's post-earnings drop and is still up over 80% year to date. Investors are anticipating updates on long-term targets and details on the two new (but yet to be named) hyperscaler deals that Corning announced last week.

Analyst Views

"Like Eaton, don't sell this stock," Jim said. "These are companies that are going to be in the data center, bigger and bigger and bigger each year. Stocks covered in Monday's rapid fire at the end of the video were: GameStop, Advanced Micro Devices , Palantir , and Norwegian Cruise Lines .

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Financial markets are tracking the development closely as investors assess the likely impact.