Jim Cramer Says Oil Surge, Higher Rates Are ‘Convenient Excuses’ To Sell Semis as QQQ, SOXX Drop and Investors Question Data Center Spending
Jim Cramer states that the technology sell-off is stemming from rising oil futures, which investors are leveraging to sell semiconductors.
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Why It Matters
Some investors are selling semiconductor stocks and blaming oil prices and interest rates. But Cramer thinks they're just using those as reasons to exit tech.
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