Jim Cramer Says Microchip Is Near A Bottom — 'I Don't See It Yet' — While Nebius Is 'Not Done Going Down'

On CNBC’s "Mad Money Lightning Round," Jim Cramer said Microchip Technology Incorporated (NASDAQ:MCHP) is a semiconductor stock while all the semiconductors are moving down.

"I suggest that you wait a few more days until we get rid of all the margin players, and you’re going to find a bottom.

I don’t see it yet," he added.

On July 13, TD Cowen analyst Joshua Buchalter maintained Microchip Technology at Hold and lowered the price target from $105 to $90.

Cramer said Vertiv Holdings Co (NASDAQ:VRT) is in "speculative hands" right now and recommended waiting.