WeSearch

Jim Cramer is unfazed by Tuesday's sell-off: 'You should expect them, even hope for them'

Alexa LoMonaco· ·1 min read · 0 reactions · 0 comments · 0 views
Jim Cramer is unfazed by Tuesday's sell-off: 'You should expect them, even hope for them'

CNBC's Jim Cramer said he's unfazed by Tuesday's sell-off because that's exactly what the market needs when stocks rise too fast.

Original article
CNBC — Tech · Alexa LoMonaco
Read full at CNBC — Tech →
Opening excerpt (first ~120 words) tap to expand

CNBC's Jim Cramer said he's unfazed by Tuesday's sell-off in AI stocks because it's exactly what the market needs."Rain is to gardening as sell-offs are to the stock market," the "Mad Money" host said. "You should expect them, maybe even hope for them. We just don't realize it at the time."Stocks retreated on Tuesday following a Wall Street Journal report that said OpenAI missed internal growth targets, raising questions about spending across a bunch of artificial intelligence-linked stocks. After weeks of parabolic gains, Cramer said a reset was inevitable. He pointed to the late 1990s when stocks climbed relentlessly with barely any meaningful declines before a wave of selling from companies and insiders crushed the market.

Excerpt limited to ~120 words for fair-use compliance. The full article is at CNBC — Tech.

Anonymous · no account needed
Share 𝕏 Facebook Reddit LinkedIn Threads WhatsApp Bluesky Mastodon Email

Discussion

0 comments

More from CNBC — Tech