The hype around artificial intelligence has crushed investor appetite for so-called recession stocks like Campbell Soup (CPB), CNBC's Jim Cramer said Tuesday.
The broad-based S&P 500 index, for comparison, has climbed almost 15% in 2023, driven in large part by tech stocks.
Cramer's Charitable Trust, the portfolio used for the CNBC Investing Club, owns six of the Magnificent Seven stocks.
In addition Nvidia, Meta and Microsoft, the list includes Apple (AAPL), Alphabet (GOOGL) and Amazon (AMZN).
"They just want AI and Magnificent Seven."
Persons:
Campbell, CNBC's Jim Cramer, Cramer, Jim Cramer's
Organizations:
Nvidia, Microsoft, Consumer, Charitable Trust, CNBC, Club, Meta, Apple, Adobe, Marvell Technology, Broadcom