TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer reacts to Thursday's stock market rebound.

"Different stocks are going higher - we have a plethora of technolgoy stocks that are going higher and they're all being funded by the departure of Broadcom (AVGO - Get Report) investors," Cramer said, adding that these investors are buying stocks like Salesforce (CRM - Get Report) and Texas Instruments (TXN - Get Report) .

Broadcom shares slumped Thursday amid its agreement to acquire CA, Inc. (CA) .

Want exclusive investing insight from Jim Cramer? Get 24/7 access to Jim's charitable trust portfolio with a free trial to Action Alerts PLUS!