Microsoft · Amazon · Meta · CNBC Technology
Jim Cramer ships the secret to catching a winning tech stock in this market
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CNBC's Jim Cramer said the bar for technology stocks has shifted and simply beating earnings is no longer enough to sustain a rally.
Key facts
- CNBC's Jim Cramer said the bar for technology stocks has shifted and simply beating earnings is no longer enough to sustain a rally
- When it comes to tech companies, it's not enough to beat and raise anymore," said the " Mad Money " host
- On Wednesday, four mega-cap tech companies, Alphabet, Amazon, Meta, and Microsoft, reported results, with two of the four declining in after-hours trading
- NXP Semiconductors jumped on an unexpected shortage in automotive chips, a reversal for a segment that had previously lagged
Summary
"When it comes to tech companies, it's not enough to beat and raise anymore," said the " Mad Money " host. On Wednesday, four mega-cap tech companies, Alphabet, Amazon, Meta, and Microsoft, reported results, with two of the four declining in after-hours trading. "It's odd," he said. The contrast was sharp compared with companies reporting earlier in the week that are benefiting from supply constraints.