Jim Cramer of CNBC said the strong quarterly results from Nvidia and Salesforce debunked the main bearish narratives on tech stocks. Salesforce and Nvidia shares surged 22% and 8% respectively after releasing their earnings. Salesforce delivered its strongest sales growth in four years, while Nvidia forecast revenue growth of roughly 70% in fiscal 2028, well above the 45% analysts had expected. Cramer said the results illustrate the danger of letting popular narratives overshadow what companies are actually delivering.
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