Jim Cramer Challenges Nvidia Critics Amid Record Stock Highs: 'Where Are The Bears?'

Jim Cramer, CNBC’s “Mad Money” host, questioned the sceptics of Nvidia Corporation NVDA as the company’s stock soared to new heights.

What Happened: On Thursday, Cramer took to X, formerly Twitter, commenting on the record-breaking performance of Nvidia’s stock.

“Nvidia crashes through all-time high… Where are the bears? Where are those who leaned on it and panicked? Where are those who don’t know who Kress and Jensen are??” Cramer posted.

See Also: ‘Dogecoin Killer’ Shiba Inu Daily Transactions Surge To 2.4M, SHIB Only 1.8% Off From Erasing A Zero

Why It Matters: Nvidia’s Q4 revenue was expected to come in at $20.62 billion, a significant jump from the $7.19 billion reported in the prior year period. This uptick in anticipation and the subsequent success of the tech giant’s earnings has been closely followed by Cramer.

Just a day before the earnings report, Nvidia’s shares experienced a sharp 6.7% drop, which Cramer viewed as a potential investment opportunity rather than a setback. He even advised new investors to consider this an NVDA market entry point.

Read Next: Nvidia’s Record Quarter A ‘Taylor Swift Moment’ For Industry, Says Wedbush’s Dan Ives: ‘Puts Jet Fuel In This Tech Bull Market’

Image via Shutterstock


Engineered by Benzinga Neuro, Edited by Pooja Rajkumari


The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.


Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!