Jim Cramer urges investors to buy lagging Magnificent Seven stocks

Jim Cramer told CNBC viewers that most of the Magnificent Seven tech stocks—Amazon, Alphabet, Meta, Microsoft, Tesla and Nvidia—have underperformed the S&P 500 this year and now trade at unusually cheap valuations. He argued the group's earnings multiples have fallen out of step with their growth prospects, particularly Amazon, which he says is poised to benefit from heavy AI infrastructure spending under CEO Andy Jassy.