CNBC's Jim Cramer on Thursday explained why he thinks certain Big Tech names wield unique power in the market.
"If you want to make money in the market, you have to recognize the megacap stocks are their own animals and don't have to be linked to the federal funds rate," he said.
He pointed in particular to semiconductor giant Nvidia , whose stock has skyrocketed quickly as companies clamor for its products amid the artificial intelligence boom. The AI powerhouse is worth more than $4 trillion, making it the most valuable company in the world.
Cramer suggested that Nvidia is not "hostage" to interest rates or even some issues within its own industry. Unlike Nvidia, he continued, much of the market is heavily affected by the Federal Reserve's decision on whether to raise or