CNBC's Jim Cramer told investors not to write off Big Tech megacap stocks, some of which were able to jump on Tuesday after recent declines.
"Remember today. Remember it because it's a textbook reminder of what happens when you decide the mega capitalization stocks are done, when you think that they're written off," he said."The moment you give up on them — what happens? They come roaring back."told investors not to write off Big Tech megacap stocks, some of which were able to jump on Tuesday after recent declines.
"Remember today. Remember it because it's a textbook reminder of what happens when you decide the mega capitalization stocks are done, when you think that they're written off," he said."The moment you give up on them — what happens? They come roaring back.". Many of these names led the market for much of this year, and Cramer explained what might have caused their gains during the day's session.
Cramer was less certain about the reasons for Tuesday's wins in Meta and Microsoft. But he suggested the software maker could have seen a boost becausereported decent sales of AI PCs, which bodes well for the company's Co-Pilot program. He also pointed out that Nvidia unveiled a new product Tuesday,for the CNBC Investing Club to follow Jim Cramer's every move in the market.
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