TECH - Jim Cramer Suggests End Of Market Sell-Off Points To Big Tech Recovery: 'Stop Waiting For A Correction' | Benzinga
CNBC’s Jim Cramer has indicated that the recent market sell-off, particularly in the Big Tech sector, may have come to an end.
What Happened: Cramer, the host of “Mad Money,” suggested that the market may have bottomed out, citing the recent rally in the averages on Monday. He highlighted the losses experienced by several tech giants, including NVIDIA Corp (NASDAQ:NVDA) and Microsoft Corp (NASDAQ:MSFT), over the past few months, reported CNBC.
“I think the sell-off could finally be over,” he said. “Stop waiting for a correction to give you better buying opportunities, we just had one for heaven’s sake.”
Despite concerns over the Federal Reserve’s next interest rate decision, Nvidia’s stock was impacted. However, the company’s announcement of a promising new graphics chip led to a rebound. Microsoft also experienced a decline but rallied after strong earnings and cloud business ...