Non-tech companies can achieve megacap status as well.

Welcome to Extreme Investor Network, where we provide you with expert insights on all things money. Today, we are diving into CNBC’s Jim Cramer’s recent observations on the market and how companies like Eli Lilly are making waves beyond the realm of Big Tech.

In a recent segment, Jim Cramer highlighted the fact that it’s not just Big Tech companies that have the potential to lead the market. He emphasized the importance of innovation across all sectors and how companies with vision and strong execution can carve out a space in the megacap universe.

One shining example of this is Eli Lilly, a pharmaceutical giant that recently hit a new high in valuation. This success is attributed to the company’s continuous innovations, such as the popular GLP-1 drug, and its ability to leverage a robust balance sheet for high production capacity. Additionally, Eli Lilly recently received FDA approval for its Alzheimer’s drug, expanding treatment options for a fatal disease.

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To further solidify its position, Eli Lilly has been proactive in preventing a patent cliff by strategically acquiring companies like Morphic, a biopharmaceutical company working on a treatment for inflammatory bowel disease. This proactive approach to innovation and expansion has allowed Eli Lilly to stay ahead of the curve in a highly competitive market.

Cramer also pointed out that companies like Amazon, Meta, Apple, Microsoft, Alphabet, and Nvidia have maintained their status by prioritizing invention and forward-thinking strategies. The key takeaway here is that success in the market is not limited to a specific sector but is attainable for companies that are willing to think outside the box and invest in innovation.

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