Jim Cramer Waits for Capitulation as AI Funding Worries Hit Tech Stocks

Jim Cramer says tech stocks still lack the capitulation that marks a bottom. The CNBC host is holding back tech buying after the Nasdaq 100 closed 10.4% below its record. Cramer said on CNBC’s Mad Money that the question of whether tech is cheap enough has circulated for three months. Funding worries hit Oracle, which fell almost 9% on Nov. 2 after announcing a $20 billion debt and stock sale. What Would a Real Tech Bottom Look Like? Cramer calls the missing signal a crescendo. He and the late CNBC anchor Mark Haines often discussed the pattern. Weeks of selling, he said, usually finish with one punishing session. The tell is a day that opens weak and closes strong on heavy volume, a sign that sellers have capitulated.

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