CNBC's Jim Cramer said he is not buying Monday's selloff in Apple, Palantir and Marvell, calling the negativity toward the three stocks 'pretty thick' and saying that no matter what the companies say, it is not enough. Marvell fell more than 12% after announcing an all-stock deal to buy Lumentum Holdings for $115 billion, and has lost about $70 billion in market value since reports of the deal surfaced on Oct. 28. Apple beat revenue estimates with $114.48 billion, but guided December-quarter gross margin to 45% to 46%, mainly due to higher memory costs. Palantir beat expectations on third-quarter revenue and adjusted earnings, yet growth in U.S. commercial total contract value slowed to 11% year over year from more than 153% in the previous quarter.
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AAPLmergers and acquisitionssemiconductorsearnings
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Related tickers and likely impact
AAPL
▼ Likely negativeApple Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 11/02/2026 | 338.32 |
| Change that session | -1.83% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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