Jim Cramer explains why he believes the AI thesis is still strong

CNBC’s Jim Cramer on Tuesday told investors that the artificial intelligence theme is still strong in the business world, saying a number of Big Tech players remain engaged with the new technology.

“The four biggest names in tech, in all business honestly, are wrestling with AI every day. And you want to be bored with it?” he asked. “Be my guest, but I think you’ll miss on a lot of gains that will be taken by those who refuse to write off this technology as some sort of scam.”

According to Cramer, the promise of Tesla‘s AI-enabled autonomous vehicles is bolstering its stock, even as the company weathers poor sales and adverse publicity due to CEO Elon Musk’s controversial involvement in the Trump administration. Some investors believe the company has the best self-driving technology, Cramer continued, and he surmised that Tesla is more powerful as a tech company than purely an automaker.

He pointed out that Tesla buys a ton of chips from AI powerhouse Nvidia. He claimed that some on Wall Street are too cynical about Nvidia’s business, saying the company has expanded its work to numerous industries, and its products are in-demand around the world. He also suggested Nvidia’s software arm is powerful and sets it apart from the competition.

Salesforce is still heavily involved with AI, Cramer continued, noting that on Tuesday it announced it would acquire cloud data management company Informatica for $8 billion. Cramer also refuted the sentiment that iPhone maker Apple has fallen behind in the growing AI landscape. He expressed confidence in CEO Tim Cook, suggesting he will employ AI when the new technology is more advanced.

“Cook’s north star is client satisfaction and over time that strategy’s a proven winner,” Cramer said.

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Disclaimer The CNBC Investing Club holds shares of Nvidia, Apple and Salesforce.