Jim Cramer Waits for Capitulation as AI Funding Worries Hit Tech Stocks

CNBC host Jim Cramer said he is not adding tech shares because tech stocks have lacked capitulation, the selling climax he associates with a bottom, after the Nasdaq 100 ended 10.4% under its record close. He described the missing signal as a crescendo: weeks of selling ending with a session that opens weak, closes strong and trades heavily. Oracle lost almost 9% of its value on Nov. 2 after disclosing plans to raise $20 billion through debt and stock amid funding worries, while the Nasdaq 100 slid 4.1% on Friday without the reversal Cramer wanted; he also said the correction may have set a low.