Tech stocks' Thursday declines might not last long, Jim Cramer says

Core Insights - Despite a dip in tech stocks, there is optimism for a rebound due to strong quarterly performances from Apple and Amazon [1] - Meta's earnings report caused market weakness, particularly due to increased spending on artificial intelligence, leading to a significant drop in its stock [2] - Apple and Amazon reported positive earnings, with Apple expecting growth in China and Amazon's AWS division showing accelerated revenue growth [3][4] Group 1: Market Performance - The S&P 500 declined by 0.99%, the Dow Jones Industrial Average lost 0.23%, and the Nasdaq Composite dipped by 1.58% during the session [1] - Meta's stock experienced its largest one-day loss since 2022, dropping more than 11% [2] Group 2: Company Earnings - Meta's capital expenditure guidance increased to between $70 billion and $72 billion, up from $66 billion to $72 billion [2] - Apple provided positive revenue guidance, with CEO Tim Cook anticipating growth in China during the current quarter [3] - Amazon reported a significant top and bottom line beat, with AWS revenue growth accelerating from 17.5% to 20.2% [4]