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Last updated: June 1, 2020.

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Last updated: June 1, 2020.

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Jim Cramer on Monday's Big Tech rally: 'These moves are crazy'

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CNBC’s Jim Cramer and the “Squawk on the Street” crew discuss how investors should approach tech stocks’ rally. Subscribe to CNBC PRO for access to investor and analyst insights: https://cnb.cx/2Vtntx6

CNBC’s Jim Cramer said Monday that the moves of three major tech stocks were “truly insane and unlike any i have ever seen in my life.”

Cramer’s comments in a tweet came as shares of Amazon and Microsoft, two of the largest U.S. stocks by market cap, jumped by 7.9% and 4.3% respectively during Monday’s session. Electric vehicle company Tesla also surged 9.5%, continuing a blistering run that has seen its shares rise 60% since June 29.

The gains helped to push the tech-heavy Nasdaq Composite up 2.5% on Monday.

Amazon’s move represents a share reversal for the e-commerce and cloud company, which saw its shares sink all five days last week. Monday’s jump erased almost all of those losses.

Both Amazon and Microsoft, which fell in four of five sessions last week, have outpaced the broader market this year, with their subscription and cloud businesses proving to be resistant to the challenges of the coronavirus pandemic.

Tesla has left both of those tech giants behind with is run this year, rising nearly 300%. Tesla and Microsoft are scheduled to report quarterly earnings results on Wednesday.

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Brandon Reed says:

What's funny is that people talk so much about the P/E ratios at the peak of the dot com bubble, but the P/E ratios were actually much worse near the lows of the crash. The same thing goes for the Financial Crisis. The average P/E ratios were 2-3 times worse during the lows of the financial crisis. I imagine they were even worse this year in March and have been getting better as businesses have started reopening.

Chillier says:

"the insiders are not sellers" except moderna

Leafbinder says:

WoW Glad to see Jim Faceing the Real World.. Kudo`s

Wyborn says:

Cramer sounds like a high pitched Stallone

TheM0joDoj0 says:

There's 2 ways you can make a drink sweeter. You can add sugar or you can remove water. The worth of a company is based on the value(sugar) it brings to the economy(water) it operates in. There's 2 ways stocks can become overvalued. You can pump up the price of the stock or you can reduce the productivity of the economy. Either way the stocks are overvalued. In the 2000s we added to much sugar. Today, we're assuming the sugar quantity will be the same (V-shaped recovery) while we ignore how much water is evaporating(economic productivity).

Des says:

Remember when Bitcoin was $19,000?

Giovanni Pantorno says:

All 3 are my largest positions in the exact order.. I'm in trouble lol

moe raff says:

if I ever see Jim Cramer its beat down time. This guy acts like these business are fairly priced, people with huge money want returns. so there money managers move the money, this will end far worse then 2008.

Neck Beard says:

No more real markets! Throw your investment books out!

Me Me says:

Why wouldn't investors put there money to work into tech when just about every company in the world is dumping money into these companies purchasing new technologies adapting their businesses to this tech driven economy? Just a young investor with questions maybe someone can help me understand

Simon Edge says:

Gold is like the 'canary in the coal mine' – many old-school, seasoned investors tend to throw their money into precious metals when worried about a crash…

Stock Market Recap says:

This is due to upcoming earnings. I just posted a video about this!

Jb Khatri Chhetri says:

Yall too early with news lmao

M Mercato says:

Davey teached the suit cramer a lesson🤣😁

Robert Carter says:

It’s if you have no idea how the Market works. Good job not calling any ganes over the last year idiot jim.

Maithem Mahdi says:

Now even Cramer says stocks are overpriced….world about to end

cogen651 says:

The FED is not buying stocks. This is all speculation.

cogen651 says:

Smart people know stocks don't always go up, they act like 2009 was 50 years ago. Everybody knows it can crash. In fact stocks are way overpriced.

Muse Dub says:

Jim Cramer laughing so hard that we are going more trillion dollars in debt ahhahahahahahah hahahhaah

Exauce Mayunga says:

The stock market is the biggest casino in 2020

Denis Bailey says:

Trump destroyed America

Richard Hanes says:

@Matt 😂. I can't wait until these robinhooder's loose everything and go away. I find myself having to go along with stupid and it's annoying

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