Cramer Rebukes Day Traders For Recklessly Selling His Favorite Stock: 'Motivated To Break It'

Nvidia Corp. NVDA shares were down in premarket trading on Wednesday amid worries over the potential escalation of the standoff between the U.S. and China over chip exports.

On Tuesday, China’s Commerce Department expressed its displeasure to the Japanese government over the latter’s decision to restrict 23 kinds of semiconductor equipment. China sees the issue as Japan aligning with the U.S., given that the latter announced last year a ban on the exports of powerful chips to China.

Nvidia shares were down 1.74% to $169.74 in premarket trading on Wednesday, according to Benzinga Pro data.

Reacting to the move, CNBC Mad Money host Jim Cramer tweeted his exasperation over day sellers recklessly selling the stock ahead of the market open.

“Every day sellers come in and sell Nvidia's stock before the opening.. the fact that they don't care what price they sell it--down 4-5--tells me they are motivated to break it...,” he said.

“Good luck with that.”

Every day sellers come in and sell Nvidia's stock before the opening.. the fact that they don't care what price they sell it--down 4-5--tells me they are motivated to break it... Good luck with that

— Jim Cramer (@jimcramer) April 5, 2023

Nvidia has been the best-performing mega-cap thus far this year, having added nearly 88% year-to-date, with AI momentum primarily responsible for the strength.

See Also: Best semiconductor stocks