Jim Cramer Says 'I Will Defend Amazon' After $200 Billion Spending Plan Triggers Selloff, Calls Google 'The Prize'
Market Intelligence Analysis
AI-PoweredJim Cramer defends Amazon after its $200 billion spending plan triggers a selloff, citing a fundamental shift in the market's relationship with mega-cap tech stocks.
Market impact analysis based on bullish sentiment with 80% confidence.
Article Context
Jim Cramer came to Amazon.com Inc’s (NASDAQ:AMZN) defense on Friday morning, even as he acknowledged a fundamental shift in the market’s relationship with mega-cap technology stocks. Despite Amazon’s decline, major indices posted gains on Friday. The S&P 500 rose 0.96% to 6,863.56, while the Nasdaq-100 gained 0.88% to 24,764.51. Cramer: ‘I Will Defend Amazon’ Speaking before Friday’s market open, Cramer, CNBC’s “Mad Money” host, said on X, “I will defend Amazon today. But it did trade to 197 yes
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