Wall Street is too fixated on the high valuations of tech and speculative stocks, Cramer says
1. Jim Cramer noted Wall Street fixates on high valuations, impacting market perception. 2. Palantir's 8% decline followed strong earnings, causing broader selling in the market. 3. S&P 500 fell 1.17%, influenced by concerns over tech and AI stock valuations. 4. Several S&P 500 stocks are priced under 23 times earnings, considered reasonable. 5. Cramer suggests Palantir just needs time to align its growth with valuation.