CNBC's Jim Cramer on Friday warned investors to exercise caution when approaching mega-cap tech stocks that got hammered this year.
Stocks rose Friday but were still down for the week as investors continue to worry about a potential recession.
Tech stocks have been hammered this year by persistent inflation, the Federal Reserve's interest rate hikes and Covid shutdowns in China.
Before this year, mega-cap tech names soared to stratospheric heights and were largely responsible for the market's strength.
Tesla , Meta Platforms , Nvidia , Amazon , Alphabet , Microsoft and Apple — all major stocks in the S&P 500 — lost a combined $5.4 trillion in value, according to Cramer.
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