CNBC host Jim Cramer has signalled interest in buying shares of Netflix (NASDAQ:NFLX), arguing broader technology stocks can no longer be relied upon to lead the market. His comments came during a recent episode of his show.
A caller asked about Netflix’s biggest headwinds and whether the stock was a buy, sell or hold. Cramer responded that he personally wanted to buy shares of NASDAQ:NFLX, pointing to the company’s brief consideration of acquiring Warner Bros. Studio as the main factor weighing on sentiment.
Cramer argued Netflix evaluated the deal carefully before deciding against it, framing the move as a deliberate choice rather than an impulsive one. He suggested the market may be punishing the stock unfairly for considering, and then walking away from, the acquisition.
He predicted investors will eventually view any recent dip in NFLX as a buying opportunity. Cramer said he expects sentiment to turn once the dust settles around the Warner Bros. speculation.
In an earlier segment, Cramer discussed Netflix after the stock had fallen sharply to around $83, an 11% decline he described as excessive given the company’s underlying performance. A caller had raised similar concerns about the scale of the drop.
Cramer said he agreed the move appeared overdone and committed to digging further into what was driving the sell off. He framed the decline as disconnected from Netflix’s broader business trajectory, which continues to be supported by strong subscriber numbers and content investment.
Netflix has remained one of the most closely watched names in media and entertainment, with investors weighing its streaming dominance against rising content costs and competition. The Warner Bros. speculation added a fresh layer of uncertainty to that picture in recent weeks.
Cramer’s comments come amid a broader reassessment of technology stocks on Wall Street. Several large cap tech names have seen increased volatility recently, with some investors rotating toward sectors seen as less exposed to rich valuations.
Against that backdrop, Cramer’s bullish stance on NASDAQ:NFLX stands out as a contrarian call relative to the cautious tone he has struck on tech more broadly. He has previously highlighted Netflix’s content library and pricing power as reasons for long term confidence in the stock.
Shares of Netflix have experienced notable swings in recent sessions as investors digest mixed signals from the company and the broader market. Cramer’s repeated commentary on the stock suggests it will remain a focal point for his audience in coming weeks.
For now, Cramer’s position is clear: he sees the recent weakness in NFLX as an opportunity rather than a warning sign, even as he remains wary of the technology sector overall.
