CNBC’s Jim Cramer said Thursday he’s not bailing on the tech giants known as the Magnificent Seven despite most of those stocks getting off to a sluggish start in 2026.

“I think that the money will ultimately flow back to most of the [Mag 7] … because these companies just have too many levers, too much money. They’re run by people who are too smart to bet against,” Cramer said on “Mad Money.”

The Mag 7 cohort consists of Amazon, Alphabet, Apple, Microsoft, Meta Platforms, Nvidia and Tesla. AI chipmaker Broadcom is another stock sometimes lumped in with that group, Cramer noted. Of those eight stocks, only Amazon and Google parent Alphabet are higher year to date.

Cramer said he believes one of the big reasons why these stocks — once the leaders of this multiyear AI-fueled bull market — have cooled off lately is because of the monster rally in storage and semiconductor equipment stocks. “These stocks have become share donors to the market capitalization of these storage companies,” Cramer said.

Micron is one of the companies benefiting from this market rotation, surging roughly 39% year to date — and doubling over the past three months — due to a shortage of memory chips that are essential for AI computing. Shares of Seagate, Sandisk, and Western Digital have also soared as the need for storage balloons, giving these companies immense pricing power over their customers.

“Now we are in this bizarre, never-before-seen moment where the storage companies just keep raising price over and over again, and there is no resistance because these devices are like gasoline in a car,” Cramer said. “If oil were scarce and gas prices were high, you wouldn’t say, I am not going to use it. You’d have to pay at any price,” he continued.  

However, Cramer said he believes the skyrocketing prices for memory cannot last forever, which means eventually these stocks will start to lose their momentum. That’s why Cramer argued it is not time to jump ship on the large-cap tech names. Eventually, he believes, investors will rotate back into them.

“I’m sticking with the [Mag 7],” Cramer said. “When [the storage plays] finally peak, you will be handsomely rewarded if you stay with the [Mag 7].”

Disclosure: Cramer’s Charitable Trust, the portfolio used by the CNBC Investing Club, owns shares of GOOGL, META, AAPL, AMZN, NVDA, MSFT and AVGO.