TECH - Super Micro Computer Has 'Gotten Too Hot' Says Jim Cramer After Stock Gains Over 276% This Year: 'I've Got To Pullback On This One' | Benzinga
In his latest “Lightning Round” segment, Jim Cramer offered his take on a range of stocks, including Super Micro Computer Inc (NASDAQ:SMCI), Confluent Inc (NASDAQ:CFLT), Chewy Inc (NYSE:CHWY), On Holding AG (NYSE:ONON), and Indie Semiconductor Inc (NASDAQ:INDI).
What Happened: Cramer, the host of CNBC’s “Mad Money,” expressed his views on several stocks during the show’s segment on Monday.
He advised caution with Super Micro Computer, stating that the stock has “gotten too hot” for his liking.
"Super Micro's gotten too hot for me…I've got to pullback on this one."
Super Micro Computer stock has gained 276.37% since the beginning of this year. The stock alone gained 19% on Monday when the Nasdaq experienced a pullback. The index dropped 0.41% after rallying over 2% last week.
The leading manufacturer of artificial intelligence (AI) servers will be joining the S&P 500 Index on March 18.
Regarding Confluent, Cramer mentioned the need to wait for a couple of quarters due to certain financial issues the company has faced. He emphasized that Mad Money does not support companies with financials that are not pristine, so ...