Cramer: 'New tech' stocks are running out of gas

Cramer: Think new tech run outta gas

At the "soul" of the stock market lies a battle between old and new technology companies, CNBC's Jim Cramer said Friday.

So who's winning? After a good run, new tech companies—best exemplified by cloud-computing company—have been running out of momentum, Cramer said on "Squawk on the Street."

"Because the soul of the market is about old tech versus new tech," Cramer said. "Which do you want? Do you want Microsoft—old tech? Or Salesforce—new tech? ... New tech has kind of run out of gas again. They went up a lot. They had a nice bounce off the bottom. Then they're coming back down."

Read More

Cramer also named machine data company Splunk and network equipment maker Infoblox as companies that have taken life of "new tech" stocks. Infoblox shares, for example, crashed nearly 40 percent in Friday's trading session, Cramer noted.

—By CNBC's Jeff Morganteen