Jim Cramer gives a tactical look at the market rotation out of tech stocks

📆 18-07-24 00:47:00
📰 CNBC

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Stock Markets,Investment Strategy,Business

CNBC's Jim Cramer reminded investors of his classic adage: Keep a diverse portfolio.

As buyers continued to cycle out of tech on Wednesday, CNBC's Jim Cramer reminded investors of his classic adage: Keep a diverse portfolio.

"For all my years down here, I know that if you self-immolate on days like today because you ignored diversification and put everything in some of the Magnificent Seven, you are doing something wrong," Cramer said.on Wednesday, with the latter posting its worst day since 2022. Megacap tech stocks related to artificial intelligence swept the market during the first half of the year.

But Cramer said it doesn't matter which explanation investors believe. Instead, he said, it's important to

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