Cramer says China faces challenges now that the U.S. market for A.I. chips is expanding

which currently dominates the market. But the U.S. government has blocked exports of these powerful semiconductors to China, and Cramer doesn't think China's homegrown semiconductor companies can keep up with U.S. production, especially with AMD now joining the fray.

"Without these chips, China simply can't build out the kind of artificial intelligence that the western world's embracing," he said. China has become weak after two presidents heavily dampened its trade with the U.S., Cramer said, noting that it has fallen behind Mexico and Canada in recent trade figures. He thinks it will take an enormous stimulus package — much larger than what the government is"I think things are getting desperate in China: they can't grow, they're being left behind in tech — can't even steal these high-end super chips anymore," Cramer said.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Cramer sees a narrowing market ahead, following Fed's rate hike pauseCNBC's Jim Cramer debriefed investors following the Federal Reserve decision on Wednesday, predicting a narrow market ahead.
Source: CNBC - 🏆 12. / 72 Read more »

Cramer foresees a broadening market: 'The strength away from tech is undeniable'CNBC's Jim Cramer told investors on Monday the market is ripe with untapped potential outside of the market's tech top performers.
Source: CNBC - 🏆 12. / 72 Read more »

As the market rallies outside of tech and inflation cools, Cramer says it may be too late for some to get in on the actionCNBC's Jim Cramer spoke on Tuesday about the market's rally outside the tech sphere as well as this morning's soft consumer price index report.
Source: CNBC - 🏆 12. / 72 Read more »