GoKawiilModerna, Palantir Lead August Rebound as CNBC's Cramer Cites Improving Fundamentals
Jim Cramer highlighted August as a recovery month for several S&P 500 stocks that had been beaten down by fears over AI disruption and slowing growth. Moderna topped the index after positive melanoma vaccine data with Merck, while enterprise software names like Palantir, Salesforce, ServiceNow and Veeva rebounded as earnings and product results eased investor doubts. Cramer noted that some of the earlier declines were worsened by a hedge fund, Situational Awareness, forced to unwind large bearish software bets in late July.