Cramer Questions Big Tech Rally as Dell, Micron Drop 10% and 8%
Updated
Updated · CNBC · Jul 15
Cramer Questions Big Tech Rally as Dell, Micron Drop 10% and 8%
3 articles · Updated · CNBC · Jul 15
Summary
Big Tech climbed Wednesday, but Jim Cramer said the move looked like a burst of optimism rather than a rally backed by materially stronger fundamentals.
Alphabet rose more than 3% after Warren Buffett said he personally chose Berkshire Hathaway's investment, while Microsoft gained about 2.5% on a bullish Citi note tied to Copilot and Azure momentum.
Meta and Amazon each added roughly 3%, though Cramer said Amazon's advance was harder to justify because its heavy AI spending still has not produced visible returns.
Dell fell about 10% and Micron 8% even as Cramer described their fundamentals as strong, a split he said shows sentiment—not new business developments—is driving day-to-day positioning.
Second-quarter earnings are likely to pull investors back toward fundamentals, Cramer said, testing whether the latest tech surge can hold.