Business · Markets · 4 hrs ago
Cramer says investors are unfairly punishing some tech stocks
Jim Cramer says investors are wrongly selling some tech stocks when a rival company disappoints.
After Fortinet posted weak results, shares of cybersecurity companies Palo Alto Networks and CrowdStrike fell.
Cramer argues that Fortinet is more focused on hardware, while those competitors offer broader security products and services.
He says the price drops may reflect Fortinet's problems, not a slowdown across cybersecurity.
He sees similar spillover in software and semiconductors, where disappointing results or forecasts from ServiceNow, Alphabet and Samsung weighed on other companies, including Workday, Salesforce, Microsoft and Micron.
Stocks fell on Thursday, with the Nasdaq down 1.4%, as investors assessed company earnings.
Cramer says investors should look closely at what each business does before deciding whether a drop is justified.
Jim Cramer said investors are unfairly selling technology stocks alongside companies that report weak results.
He said Palo Alto Networks and CrowdStrike are buys after Fortinet’s weak results dragged down their shares.
Cramer argued Fortinet’s problems reflect company-specific challenges, not a slowdown in cybersecurity demand.
He also pointed to declines in Workday, Salesforce, Microsoft and Micron after results or outlooks from other companies weighed on their shares.
US stocks fell Thursday, with the Nasdaq Composite down 1.4%.
- Who
- Jim Cramer, CNBC’s “Mad Money” host, commented on technology stocks and investor behavior.
- What
- Cramer said investors are unfairly punishing some tech stocks because of weak results from other companies.
- When
- Thursday, October 29, 2026.
- Where
- Not stated
- Why
- Cramer said investors are selling companies alongside peers without accounting for differences between their businesses.
This story does not have two clearly opposing sides.
Fortinet reported weak quarterly results, and ServiceNow had a slight earnings disappointment.
Alphabet reported disappointing earnings, which Cramer said dragged down Microsoft shares despite the software company’s strong quarterly results.
Samsung’s conservative outlook pressured Micron shares, according to Cramer.
US stocks fell, ending a three-day winning streak, as investors assessed corporate earnings.
- Fortinet
- Weak quarterly results on Wednesday
- Cybersecurity stocks
- Cramer said Palo Alto Networks and CrowdStrike are buys
- Nasdaq Composite
- Fell 1.4% on Thursday
- Dow Jones Industrial Average
- Fell 0.4% on Thursday
- S&P 500
- Fell 0.4% on Thursday
What people are saying
My motto: do the homework, know what the companies really do
Their stocks should be bought, not sold, because Fortinet's weakness is not a tell about a slowdown in cybersecurity; it's just a sign that Fortinet itself isn't doing well
Some of these guilty verdicts are downright absurd