Updated
Updated · CNBC · Jul 15
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.

Insights

With AI spending soaring past profits, is Big Tech building the future or a speculative bubble?
As AI costs rise and companies cut budgets, what is the realistic path to profitability for this technology?
If the AI gold rush is real, why are the companies selling shovels suddenly seeing their stocks fall?