CNBC's Jim Cramer on Wednesday identified and reviewed three distinct aspects of the current economy, explaining how he thinks this dynamic is impacting market action.

"We have three economies right now," he said. "Two of those are booming, although one shouldn't be, and the third one is hurting, badly, and it needs help right now."

He first pointed to the booming segment related to artificial intelligence and the data center, referencing JPMorgan research that suggests AI-related stocks have accounted for 75% of S&P 500 returns, 80% of earnings growth and 90% of capital spending growth since late 2022 following the launch of OpenAI's ChatGPT. He listed off some of the "heavy hitters" in the business, namely Meta , Alphabet , Amazon ,

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