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Jim Cramer Says Stocks May Experience A Pullback Amid Unsustainable Surge: 'They're Going Straight Up On Nothing

Benzinga · Jan 16 22:34

CFLT -0.67% DVN -0.42% LAC +1.38%

In a recent statement,Jim Cramer, the host of CNBC's "Mad Money," cautioned that the market could be on the brink of a significant downturn due to the unsustainable rise of certain tech stocks.

What Happened: On Tuesday, Cramer expressed concern about the market's current trajectory. Despite not being a bear, he asserted that several stocks, particularly those in the technology sector promoting artificial intelligence initiatives, have experienced a rapid surge without a solid foundation, reported CNBC.

"While I'm not a bear, we have way too many stocks that have gone parabolic, meaning they're straight up...

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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