As tech companies battle, Jim Cramer names other sectors to focus on

As volatility in the tech sector continues, CNBC's Jim Cramer encouraged investors to buy stocks in sectors that do well when the Federal Reserve cuts interest rates.

"I'm not advocating the wholesale abandonment of the best sector in history, not at all," he said. "I am saying, however, that there is a fierce competition with enfilading fire and exploding claymores everywhere, and it's showing no signs of abating."

While he stressed that he's not turning against tech, he said the sector is full of "battlegrounds" as major players fight for dominance. He noted volatility in some of the market's hottest stocks, including Amazon, Salesforce, Meta and Nvidia. Cramer said he's still a believer in these stocks long-term, but suggested "putting new money to work in this scrum of a sector" feels ill-advised.

The Fed is on the path to lower rates, Cramer said, which indicates there is "easy money" to be made in areas like banks, transports, health care or retail. For example, he said, good investments for this economic landscape could include a railroad company with little competition, a credit card company, a dollar store, or an outfit related to travel and leisure.

Cramer conceded the developments in the tech sector are "entertaining," but he suggested that metric isn't necessarily relevant when picking stocks.

"Unfortunately, we don't value stocks on entertainment per share, which is why you should focus on boring stocks of companies that tend to win big when interest rates come down aside from just owning a lot of tech," he said.

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Disclaimer The CNBC Investing Club owns shares of Nvidia, Meta, Amazon and Salesforce.