Despite all eyes on the Magnificent Seven, CNBC's Jim Cramer said that strong earnings results from companies in the "real economy" were responsible for Tuesday's rally.

"We got some tremendous numbers from actual businesses," Cramer said. "And I think we need to celebrate that so many companies not connected to the data center or artificial intelligence can be doing this well."

The Magnificent Seven, which consists of tech megacaps Alphabet , Amazon , Apple , Meta , Microsoft , Nvidia , and Tesla , makes up about 35% of the entire S&P 500 .

Although large concentration of these AI-driven companies can give the impression that the market is "dangerous" due to their massive valuations and volatility, Cramer s

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