Reported 1 day ago
In a recent episode of Mad Money, Jim Cramer discussed Super Micro Computer, Inc. (SMCI) and the overall market's response to interest rates and news from President Trump regarding Federal Reserve Chair Jerome Powell. Cramer noted that a significant rally followed Trump's assurance that he would not fire Powell, which shifted market sentiment. He indicated that SMCI's price drop, like others in technology, was influenced by macroeconomic factors, particularly rising interest rates. While recognizing the stock's potential, Cramer emphasized the challenges posed by a hostile market towards growth stocks, as SMCI has seen a major decline since his previous analysis.
Source: YAHOO