If You Invested $1,000 In Nvidia Stock When Jim Cramer Named His Dog After The Company, Here's How Much You'd Have Today
Portfolio Pulse from Chris Katje
Nvidia Corporation (NASDAQ:NVDA) reported strong Q1 financial results, beating analysts' estimates and raising price targets. CNBC host Jim Cramer, who named his dog after the company in 2017, has been bullish on Nvidia for years. A $1,000 investment in NVDA shares at that time would be worth $9,518.33 today, representing a return of 851.8%.
May 25, 2023 | 4:32 pm
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NEGATIVE IMPACT
The Inverse Cramer Tracker ETF (BATS:SJIM) allows investors to bet against Jim Cramer's stock picks. In this case, betting against Nvidia would have resulted in a loss.
The Inverse Cramer Tracker ETF (BATS:SJIM) is designed to bet against Jim Cramer's stock picks. In this case, since Nvidia's stock price has increased significantly since 2017, investors who bet against Nvidia using SJIM would have experienced a loss.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
A $1,000 investment in the SPDR S&P 500 Global ETF Trust (NYSE:SPY) would be up 69.1% over the same time period as the Nvidia investment.
The SPDR S&P 500 Global ETF Trust (NYSE:SPY) tracks the S&P 500 Index and has seen a 69.1% increase over the same time period as the Nvidia investment. While this is a positive return, it is not directly impacted by the news about Nvidia's Q1 results.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Nvidia's strong Q1 results and raised price targets indicate a positive outlook for the company. Investors who followed Jim Cramer's bullish stance in 2017 have seen an 851.8% return.
Nvidia's Q1 results exceeded analysts' expectations, leading to increased price targets. This positive news, combined with the historical performance of the stock since 2017, suggests a strong outlook for the company and a potential short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100