Kramer: The market has weathered a tough earnings week. We are not “out of the woods” yet.

CNBC’s Jim Cramer said the market had just “remarkably” weathered its toughest earnings week, but warned that next week could be even more dangerous.

“All the big tech guys were doing great… everything to do with data centers went crazy,” the “Mad Money” host said.

But he cautioned against complacency.

“That doesn’t mean we’re out of the woods yet,” Kramer said, predicting the week ahead will be “more eclectic, some days busier, and frankly more disappointing.”

Berkshire Hathaway Greg Abel will release his first annual meeting report since he took over as CEO from Warren Buffett. The recent poor performance may reflect a decline in the “Buffett premium,” but Cramer believes that may be short-sighted.

Palantir I will report after closing. Although sentiment is against expensive software stocks, Mr. Cramer said he does not trade mainly in these stocks given the strong business.

ON Semiconductor Many other chipmakers are also “under fire,” Kramer said, adding that the work of automation-focused peers has “been under fire.” NXP Semiconductors That bodes well for future numbers.

Data center demand remains at the forefront, and Cramer expects another strong quarter. Eaton That’s because the company’s power systems and cooling equipment are directly tied to its ongoing AI infrastructure expansion. Eaton is a holding in the Kramers Charitable Trust, a portfolio used by the CNBC Investment Club.

advanced micro deviceReporting after the bell, this article is one of Cramer’s top gainers. “I’m going to buy AMD ahead of this quarter,” he said, hoping for a potential surprise.

He also likes the connection name lumen and Arista Networksas well as semiconductor companies Astera Research Institute. “I would take a bet,” he added.

disney Create reports and provide insights into high-end consumer spending. Cramer said consumers appear resilient and he expects a strong quarter under new CEO Josh D’Amaro.

CVS Kramer also praised CEO David Joyner for turning the business around amid industry consolidation and said the company could deliver a strong quarter.

After closing, arm holdings and Cramer expects the stock could become a “runaway stock” given that CPU and AI-related demand remains strong. Cramer’s Trust also owns Arm.

Kramer thinks mcdonaldsArticles reporting before the market opens still stand out and are “definitely worth buying.”

cloudflare In a post-close report, Kramer said the company remains a “great cyber defender” and a consistent winner.

Mainly monthly employment statistics. Kramer said that if the numbers soften, expectations could move quickly toward lower rates. Beyond the short-term impact on the Fed, he said more profound changes are afoot in the labor market, with artificial intelligence reducing employment and increasing productivity.

He added that it is precisely that dynamic that is keeping the market moving, and cautioned investors against rotating away from the very stocks that are leading the movement.

“This earnings season is the first to see real evidence of the so-called Fourth Industrial Revolution,” he said. “That’s what’s happening now. That’s why many of these tech stocks are worth holding on to.”