Jim Cramer reveals the secret to finding a winning tech stock in this market

CNBC's Jim Cramer said the bar for technology stocks has shifted and simply beating earnings is no longer enough to sustain a rally. "When it comes to tech companies, it's not enough just to beat and raise anymore," said the " Mad Money " host. "You need a shortage, or else your stock's not gonna get much love, even if you are one of the big dogs ... that reported after the close this evening." On Wednesday, four mega-cap tech companies — Alphabet , Amazon , Meta , and Microsoft — reported results, with two of the four declining in after-hours trading. Cramer said the mixed reaction highlights a market that is increasingly rewarding scarcity over scale. "It's odd," he said. "There was a time when all four of these companies would have unstoppable growth. Now the growth belongs to those who sell into constrained areas." He pointed to Meta as a key example. The company delivered its fastest revenue growth in five years, but shares still fell in extended trading as investors questioned the return on its rising spending. The contrast was sharp compared with companies reporting earlier in the week that are benefiting from supply constraints. Seagate rallied after signaling tight supply in data storage hardware tied to data center demand. "They can't make their product fast enough," Cramer said, pointing to limited manufacturing capacity. …