CNBC's Jim Cramer on Thursday said tech stocks have been integral to the market rally, and other sectors can't quite say the same.on Thursday said it's no secret that the market rally has been driven by a handful of tech stocks, and it's not likely to change anytime soon.that beat analysts' estimates and announced a 10-for-1 stock split. It's also one of the companies benefitting from the artificial intelligence boom, Cramer added.
But while tech stocks have been shining, Cramer said other sectors can't quite say the same. It means the market might not be able to broaden out in the manner that many investors are hoping for. For instance, Cramer pointed to the banks, which often serve as a bellwether for the market. He said this sector has been producing solid gains since last year when the Federal Reserve declared there would be no further tightening, but that streak ended whenThose are the largest sectors in decline, though Cramer said he could have widened his net further. It's hard to know where the market would be without the tech sector, he added.
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