Cramer drops rare message on 2 surging AI stocks and SpaceX
You know that feeling when a friend aces every exam, lands a dream job offer, and somehow still can't catch a break? That's the market handing CrowdStrike Holdings (CRWD) and Broadcom Inc. (AVGO) their report cards right now.
Both companies just delivered earnings that would make most CEOs weep with joy. Record revenues. Crushed estimates. Raised guidance. The kind of numbers that are supposed to send stocks soaring.
Instead, both stocks slid. Hard. CNBC's "Mad Money" host Jim Cramer thinks he knows exactly why, and his explanation has nothing to do with the companies themselves.
It has everything to do with where the money is going next. Cramer explained it with a June 4 post on X (the former Twitter).
They want the money for SpaceX/Anthropic.
Jim Cramer says AVGO stock and CRWD stock sellers aren't done yet
"People are probably wondering why CrowdStrike's and Broadcom's stocks seem to stop at these levels," Cramer shared in the X post.
"The answer lies in panic and fear. The sellers just want these stocks off their sheets. They are prepared to sell it lower than this. Don't count on the sellers to stop here."
More AI:
That last line is the one worth sitting with. Cramer isn't saying these are bad companies. He's saying the selling isn't about fundamentals at all but about rotation.
Investors are liquidating winning positions to free up cash for two of the most anticipated public offerings in years: SpaceX and Anthropic.
Also Read: Broadcom Inc. Latest News
AVGO closed the earnings week ended June 5 down about 7.92%, according to Yahoo Finance, settling at $385.73. CRWD finished the same week down about 6.68%, closing at $671.02, Yahoo Finance confirmed.
For context, AVGO had surged as high as $479.23 on June 3 — earnings day — before plunging roughly 13% in after-hours trading alone, as reported in my previous AVGO report.
Broadcom's AI semiconductor business just hit a new ceiling
The numbers Broadcom reported on June 3 were, by almost any measure, extraordinary.
Key Broadcom stock Q2 fiscal 2026 highlights included:
