Jim Cramer explains why he's not throwing in the towel on tech stocks just yet

CNBC's Jim Cramer explained his thoughts on tech stocks and why he believes they could have staying power in the market on Thursday's episode of "Mad Money."

[keto]

"My mission is simple to flip flop every other day, wait till stocks make large moves and then tell everyone I recommended them and they missed out and are not as smart as me

[Leagueofdraven]

'My mission is simple... completely gas light everything and make it impossible to find a bottom"

[PhilipMurray]

How to outperform the stock market; read thousands of annual reports, learn about margin of safety, buy undervalued stocks, insider information and seek professional help.

[ganasyfe]

I work in the tech industry (for 25 yrs and counting) and chip obsolescence and replacement availability is still an issue. Not to forgot long lead times on some chips. On the other note I know an owner of a 2022 Chevy Tahoe with unpopulated chips because of the shortage of chips. Eventually GM will call in all these owners of their cars to install the missing parts when available. I don't know where some of Cramer’s data is coming from. There is no overstock of chips anywhere. Without chips, ALL, and I mean ALL, whether value or growth, sectors are in trouble. I'm long NVIDIA.

[chrisbentsen]

Tech stocks are always the way to go for the long term.

[Kristenshwan]

Even with the current dip in crypto currency's I'm glad I can smile 🙂back at my portfolio of $107, 000built from my weekly trading I have received my sixth withdrawal which is every 14 business days per trade investing through expert Mr Arjun B Jagat

[dipu]

2 months ago you said you lost hope in tech, you told everyone to get out of tech. In one show you told everyone that you are so done with tech you even had your investing club sell apple.

[DanielSmith-nfwr]

I guess it's time to throw in the towel for tech stocks then 🤣

[datmeme]

February 2000: Jim Cramer explains why he's not throwing in the towel on dot com stocks just yet.
October 2008: Jim Cramer explains why he's not throwing in the towel on subprime mortgages just yet.
... This was overdue.

[skd]

I pretty much understand half of what this man is saying, but he's ok :)

[Michael-skoj]

We love you Jim but don’t talk out of both sides of your mouth

[RZH]

He was pumping up NVDA, MRVL when they were at their high. Now, he is trying to find excuses why he missed it. To make it clear, NVDA is my largest holding (already made a fortune), but sell the bounce, especially tech/semi! You can get them at much lower price. A long and hard recession is coming.

[Wolf-sbfk]

Short & Sell every stock he buys & like, Go long & Buy every stock he sells or don’t like.

[anons]

Why does he speak like he's 10 beers deep?

[habaneropepper]

Cramer says tech is the way to go. But he also bashes Arkk every chance he gets. Wassup with that?

[kenyonalijah]

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[toshytosh]

AMD is a beast, don’t bet against tech

[DerectDanChannel]

Every time Cramer speaks it lowers the barometer of intelligent thoughts of investment I have accumulated over the years

[JJ-vfio]

The guy the is a legend of being always wrong .

[ragingmonk]

AMD & Nvidia rode the crypto wave, pumping out GPU's as fast as possible. They were selling pallets of graphics cards to miners. Game is over and the used market is now flooded with GPU's.
As long as you can buy a used RTX 3080 (with warranty) for the same price as a new RTX 3070 they aren't going to sell a lot of new.