Jim Cramer’s Bold Predictions About These 10 Tech Stocks

2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holders In Q3 2024: 279

Date of Cramer’s Comments: 09-04-24

Performance Since Then: 1.36%

Microsoft Corporation (NASDAQ:MSFT) is the most valuable software company in the world. While it was one of the earliest beneficiaries of the AI wave, since June last year, the shares have been downbeat. Investors have fretted about Microsoft Corporation (NASDAQ:MSFT)’s ability to rapidly generate AI profits to recover the billions of dollars it has invested in the technology. Since Cramer’s comments, the stock is up by just 1.36% after having lost 6% following its Q4 earnings that disappointed with cloud guidance. Here’s what Cramer said in September:

“Stocks can’t stabilize until these weak shareholders sell out. History shows that significant market drops like this tend to offer great buying opportunities. Microsoft lost $178 billion in market cap on March 16th, 2020, but went on to surge 202%, compared to a 131% gain for the S&P 500 over the same period.”