March 4, 2024

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Jim Cramer says Big Tech megacaps valuation is well deserved

Jim Cramer says Big Tech megacaps valuation is well deserved

CNBC's Jim Cramer on Thursday told investors not to be wary of Big Tech stocks, saying their high valuation is well deserved.

“Just because we've never seen them before doesn't make them fake,” he said. “They didn't get their trillion-dollar valuations by fooling most people. They got there because there was nowhere else for them to go but up.”