Jim Cramer says investors favor tech stocks with supply constraints over earnings beats
Updated
Updated · CNBC · Apr 29
Jim Cramer says investors favor tech stocks with supply constraints over earnings beats
5 articles · Updated · CNBC · Apr 29
Cramer highlighted that despite Meta's fastest revenue growth in five years, its shares fell after-hours, while Seagate, Bloom Energy, and NXP Semiconductors surged due to product shortages.
He noted that Alphabet, Amazon, Meta, and Microsoft saw mixed reactions to earnings, underscoring a market shift toward rewarding scarcity and visible demand rather than just scale or profit growth.
Cramer emphasized that 'old tech' with limited manufacturing capacity is now outperforming mega-cap tech, as investors prioritize companies benefiting from supply constraints, especially those tied to data center and automotive demand.
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