An important trend to note here is that semiconductor companies that are a part of data centers are the ones that are "doing well," and other data centers are catching up to Amazon.com, TheStreet's Jim Cramer said on CNBC's "Squawk on the Street."
"It's very important," he said. "Data center purchasing has been the strongest part of tech."
For this reason, when Intel (INTC) doesn't report a good data center purchasing figure, people respond with, "Well, that's the growth area," Cramer noted. "Because everyone has to compete with Amazon.com. Has to."
Competition for the e-commerce giant's sector has definitely increased, CNBC's David Faber noted on the show. "They have been met in the marketplace where for some time they were sort of alone," he explained.
The so-called FANG group, including Facebook (FB) , Amazon.com, Netflix (NFLX) and Alphabet (GOOGL) are once again in the "running for being the best stock," Cramer claimed. "They really are," he emphasized. The FANG group has notably been left out of the post-election Trump rally that began November 9.
(Amazon.com is held in the Growth Seeker portfolio. Alphabet, Apple and Facebook are held in Jim Cramer's charitable trust Action Alerts PLUS. See all of the holdings with a free trial.)