Apple lost over $200 billion in market value in two days. Here's where Jim Cramer stands on the stock

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The continued sell-off in Apple (AAPL) should not scare investors away from the Big Tech name.

The continued sell-off in Apple shares on speculation about a Chinese crackdown on iPhone usage among government workers should not scare investors away from the Big Tech name. Jim Cramer said Thursday he stands by the Club's "own it, don't trade it" designation on Apple, which was on a two-session losing streak that wiped out more than $200 billion in market value in the stock.

A view of Apple Store at Festival Walk shopping mall in Mong Kok District on August 15 2018 in Hong Kong, Hong Kong.

 

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