CNBC’s Jim Cramer said leadership in the technology sector may be moving beyond the group that has dominated recent gains, naming Nvidia, Microsoft, Alphabet, and Meta as companies that may no longer be the only market drivers. He pointed to Broadcom and Micron as stocks that helped support the major indexes on Nov. 3, Eastern Time. He also said AMD and networking equipment maker Arista Networks posted better quarterly results after the bell, while Oracle rose nearly 6%.
Cramer also flagged risks that, in his view, still argue for caution. He said data center construction is facing local opposition, and that the war in Iran remains a source of uncertainty. He added that the technology sector has not yet confirmed a long-term bottom and said he would prefer to wait for clearer signals before putting more money to work. The remarks were cited by Techub News, which attributed them to CNBC.
Techub News, citing CNBC, reported that financial television host Jim Cramer said market leadership in technology stocks may be shifting away from Nvidia, Microsoft, Alphabet, and Meta toward other companies.
Stocks Cramer said supported the market
Cramer said Broadcom and Micron helped support the major indexes on Nov. 3, Eastern Time. He also pointed to better quarterly results reported after the bell by AMD and networking equipment maker Arista Networks. Oracle, he said, rose nearly 6%.
Risks he said are still in play
Cramer said data center construction is running into local opposition, while the war in Iran remains a source of uncertainty. He added that the technology sector has not yet confirmed a long-term bottom and said he wants to wait for clearer signals before committing more capital.
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