Jim Cramer: Companies Beyond Tech Can Reach Megacap Status

Jim Cramer asserted that it’s not only Big Tech companies that have the potential to lead the market; other sectors can also reach megacap status through innovation and smart leadership.

Cramer spotlighted $Eli Lilly and Co(LLY.US)$ , whose stock hit a new high and is valued at around $870 billion. This pharmaceutical giant’s success is attributed to ongoing innovations, such as its GLP-1 drug and a recently approved Alzheimer’s drug. Unlike competitors, Eli Lilly’s robust balance sheet allows for high production capacity. Additionally, the company has made strategic acquisitions, like buying Morphic, to prevent a patent cliff.

“These companies maintain their status through invention,” Cramer said, referring to big names like $Amazon(AMZN.US)$ , $Meta Platforms(META.US)$ , $Apple(AAPL.US)$ , $Microsoft(MSFT.US)$ , $Alphabet-A(GOOGL.US)$ , and $NVIDIA(NVDA.US)$ . He questioned why other companies aren’t adopting similar innovative strategies to enter the megacap universe, pointing out that innovation and execution can propel any company to megacap status, not just tech firms.