Key points
- Jim Cramer's 34 tracked tech calls since June average -4.4%, with 16 of 34 (47%) pointing the right way, still worse than the rest of his book.
- Intel is 1 for 5 on his bullish calls since June, and his back-to-back IBM buys landed right before its worst trading day on record.
- His 43 non-tech calls average just -0.8% over the same stretch, close to the S&P 500. Tech is still where he is losing money, even after Tuesday's chip rally.
Figures compare the real price at the time of each call with live prices as of roughly 10:50 a.m. ET on Tuesday, July 21, 2026. Markets were open, so quotes were still moving when this published.
We ran the numbers on Jim Cramer's stock calls back on July 9, and the story was already lopsided: his tech picks were losing money while everything else was close to flat. Two weeks later, using the full, timestamped call history from AIStockWire's own Inverse Cramer tracker, that split is still there, even after a sharp rebound in chip stocks on Tuesday morning. We pulled every tech call he has made since June 3, 34 in total, and every non-tech call over the same window, 43 in total, and checked the real price then against its price as of Tuesday morning.
The short version: his tech calls are down 4.4% on average, and even after Tuesday's bounce in chips, fewer than half are pointing the right direction. His non-tech calls are down just 0.8%, close to what the S&P 500 itself did over the same stretch. Two names still carry most of the tech damage, and they happen to be the two calls he made most often.
Intel: one green out of five
Intel (INTC) is the clearest pattern in the data. Jim Cramer has called it bullish five separate times since June 8, each time reiterating it as a favorite. Four of the five are still red. Only his most recent one, made July 15 at $102.99, is barely above water, and only after Intel jumped more than 6% on Tuesday.
| Date called | Price then | Price as of 10:50am ET 7/21/26 | Change |
|---|---|---|---|
| Jun 8 | $110.27 | $103.39 | -6.2% |
| Jun 17 | $121.10 | $103.39 | -14.6% |
| Jun 30 | $139.63 | $103.39 | -26.0% |
| Jul 6 | $122.20 | $103.39 | -15.4% |
| Jul 15 | $102.99 | $103.39 | +0.4% |
AIStockWire's own trading column covered the fifth Intel call live, written by a staffer who owns the stock himself. Our Stock Scorer tool, which grades companies on trailing financials rather than a hunch, had already given Intel a D grade before any of this played out, in the piece where we bought it anyway.
IBM: bought twice, then its worst day
IBM is worse in a different way. Jim Cramer called it bullish on July 6 at $299.52, then bullish again on July 13 at $290.23, right before the stock had one of its worst trading sessions on record on July 14. He flipped bearish that same day at $217.07, close enough to the bottom that his bearish call is now up 2.7%. The two buy calls that came right before the crash are down 29.5% and 27.3%.
The full tech scoreboard
Here is every tech call in the tracker since June 3, sorted worst to best. The adjusted return flips the sign on bearish calls, so a positive number always means the call was right, regardless of direction.
| Date called | Stock | Call | Price then | Price as of 10:50am ET 7/21/26 | Adjusted return |
|---|---|---|---|---|---|
| Jul 6 | IBM | Bullish | $299.52 | $211.14 | -29.5% |
| Jul 13 | IBM | Bullish | $290.23 | $211.14 | -27.3% |
| Jul 1 | AST SpaceMobile (ASTS) | Bullish | $86.10 | $63.50 | -26.2% |
| Jun 30 | Intel (INTC) | Bullish | $139.63 | $103.39 | -26.0% |
| Jul 16 | Nebius Group (NBIS) | Bearish | $171.77 | $205.21 | -19.5% |
| Jun 30 | Micron (MU) | Bullish | $1,154.29 | $941.64 | -18.4% |
| Jul 6 | Intel (INTC) | Bullish | $122.20 | $103.39 | -15.4% |
| Jun 17 | Intel (INTC) | Bullish | $121.10 | $103.39 | -14.6% |
| Jul 16 | Applied Optoelectronics (AAOI) | Bearish | $100.24 | $114.00 | -13.7% |
| Jun 11 | Microchip Technology (MCHP) | Bullish | $92.94 | $82.58 | -11.1% |
| Jun 8 | Intel (INTC) | Bullish | $110.27 | $103.39 | -6.2% |
| Jun 30 | Symbotic (SYM) | Bullish | $44.95 | $42.24 | -6.0% |
| Jun 11 | Adobe (ADBE) | Bearish | $218.80 | $230.49 | -5.3% |
| Jul 8 | Lam Research (LRCX) | Bullish | $333.15 | $319.59 | -4.1% |
| Jul 15 | Dell Technologies (DELL) | Bullish | $412.68 | $401.74 | -2.7% |
| Jul 16 | Vertiv Holdings (VRT) | Bearish | $294.11 | $300.67 | -2.2% |
| Jul 10 | SK Hynix (SKHY) | Bullish | $168.01 | $164.81 | -1.9% |
| Jul 8 | Broadcom (AVGO) | Bullish | $388.69 | $384.36 | -1.1% |
| Jun 10 | BlackBerry (BB) | Bullish | $8.82 | $8.84 | +0.2% |
| Jul 15 | Intel (INTC) | Bullish | $102.99 | $103.39 | +0.4% |
| Jul 17 | Oracle (ORCL) | Bearish | $126.41 | $125.02 | +1.1% |
| Jun 16 | Broadcom (AVGO) | Bullish | $376.71 | $384.36 | +2.0% |
| Jul 13 | Duolingo (DUOL) | Bearish | $132.34 | $129.28 | +2.3% |
| Jul 15 | Amazon (AMZN) | Bearish | $254.96 | $248.12 | +2.7% |
| Jul 14 | IBM | Bearish | $217.07 | $211.14 | +2.7% |
| Jul 15 | Applied Digital (APLD) | Bullish | $29.03 | $29.85 | +2.8% |
| Jul 14 | Apple (AAPL) | Bullish | $314.86 | $326.90 | +3.8% |
| Jul 15 | Micron (MU) | Bullish | $904.28 | $941.64 | +4.1% |
| Jul 6 | Nvidia (NVDA) | Bullish | $195.55 | $205.53 | +5.1% |
| Jun 5 | Reddit (RDDT) | Bullish | $173.45 | $185.28 | +6.8% |
| Jul 13 | nLIGHT (LASR) | Bullish | $68.79 | $74.25 | +7.9% |
| Jun 8 | Apple (AAPL) | Bullish | $301.54 | $326.90 | +8.4% |
| Jun 18 | SoundHound AI (SOUN) | Bearish | $7.12 | $6.40 | +10.2% |
| Jun 3 | Palo Alto Networks (PANW) | Bullish | $280.43 | $336.00 | +19.8% |
His winners and losers in tech are close to even now, 16 right against 18 wrong, but the misses are much bigger than the hits, which is why the average is still negative. His best tech call, a June 3 bullish call on Palo Alto Networks (PANW), is up 19.8%, and his June 18 bearish call on SoundHound AI (SOUN) is up 10.2%. The damage is concentrated in a few big losers: both IBM buy calls, down 29.5% and 27.3%, his July 1 AST SpaceMobile (ASTS) buy, down 26.2%, and the June 30 Intel and Micron (MU) calls, down 26.0% and 18.4%, each far bigger than any single win. Tuesday's chip rally lifted Intel, Micron, and SK Hynix off their lows, but not enough to pull the group green.
Everything else: close to the index
Outside tech, the picture flattens out. His 43 non-tech calls since June average a 0.8% loss, which is not far from what a passive S&P 500 index fund did over the same set of dates. Just over half, 22 of 43, are still pointing the right direction.
| Date called | Stock | Call | Price then | Price as of 10:50am ET 7/21/26 | Adjusted return |
|---|---|---|---|---|---|
| Jun 16 | Cava Group (CAVA) | Bullish | $87.30 | $62.61 | -28.3% |
| Jun 26 | Blue Owl Capital (OWL) | Bearish | $8.57 | $9.47 | -10.5% |
| Jun 30 | Honeywell Aerospace (HONA) | Bullish | $221.08 | $199.20 | -9.9% |
| Jul 8 | Amprius Technologies (AMPX) | Bullish | $11.58 | $10.51 | -9.2% |
| Jun 30 | GE Vernova (GEV) | Bullish | $1,174.86 | $1,085.80 | -7.6% |
| Jul 14 | EquipmentShare (EQPT) | Bearish | $17.34 | $16.28 | +6.1% |
| Jul 8 | FedEx Freight (FDXF) | Bullish | $143.30 | $152.61 | +6.5% |
| Jul 7 | Casey's General Stores (CASY) | Bullish | $801.99 | $865.07 | +7.9% |
| Jul 8 | LyondellBasell Industries (LYB) | Bullish | $55.72 | $62.06 | +11.4% |
| Jun 5 | BorgWarner (BWA) | Bearish | $72.63 | $62.79 | +13.6% |
His best non-tech call is a June 5 bearish call on BorgWarner (BWA), up 13.6% for him since. LyondellBasell Industries (LYB), up 11.4%, and Casey's General Stores (CASY), up 7.9%, are solid bullish wins. His worst non-tech miss, a bullish call on Cava Group (CAVA), is down 28.3%, roughly in line with his worst tech misses. Tech does not have a monopoly on bad calls. It just tends to miss by more, and this month the misses clustered there. The full board of all 77 calls, tech and non-tech, is live at /cramer.
What $1,000 a call would actually look like
Turn the percentages into dollars and the gap gets easier to feel. Put $1,000 into each of Jim Cramer's 25 bullish tech calls since June and you would be down roughly $1,290 today, worse than the Nasdaq-100 ETF QQQ would have done with the same $25,000 over the same dates. Add in his 9 bearish tech calls, treating each as a $1,000 short, and the total for all 34 tech calls comes to roughly negative $1,510 on $34,000 deployed.
Do the same with his 43 non-tech calls and $43,000 deployed comes back at roughly negative $360, a much smaller dent. Zoom into July alone, when the IBM and Intel calls piled up, and $1,000 into each of his 21 tech calls this month is down about $1,105 on $21,000 in under three weeks. The same $30,000 spread across his 30 non-tech calls this month is actually up about $95, which shows just how concentrated the pain is in his tech book.
Why tech and not everything else
Part of this is simple math. Semiconductor and software names carry higher valuations and move more on the same news, so a broad pullback that costs an industrial or consumer stock a few percent can knock a richly priced chip stock down by double digits. But Jim Cramer's tech calls are not just more volatile, they are systematically worse than the index they are up against. His bullish tech picks trail QQQ by an average of 3.3 percentage points per call. His bullish non-tech picks trail the S&P 500 by about 0.9 points, a real gap but a much smaller one. Something about how he is picking tech names specifically, not just the market being rough on tech, is producing the difference.
None of this is a scientific study. Seventy-seven calls over about seven weeks is still a small sample, and markets have been unusually volatile in this stretch, with a chip selloff, a Korea-driven memory panic, a wave of AI infrastructure headlines, and now a sharp chip rebound all landing close together. One rough two months for his tech calls does not prove Jim Cramer will always be worse at picking chips than anything else. It is simply what has actually happened to the money, so far. Our live Inverse Cramer tracker keeps logging every new call the moment he makes it, with the exact price at the time, so you can watch the next ones develop in real time instead of waiting for another recap like this one.
This is general market commentary and opinion, not investment advice. Markets can go down as well as up, and you can lose money. Always do your own research and consider speaking with a licensed financial professional before making any investment decision.
