Cramer Says 'Will Not Sell' Nvidia Stock On 'Misinformation' About Microsoft AI Chip
Portfolio Pulse from Shanthi Rexaline
CNBC Mad Money host Jim Cramer has reaffirmed his positive stance on Nvidia Corp. (NASDAQ:NVDA) despite rumors of Microsoft Corp. (NASDAQ:MSFT) launching its first in-house artificial intelligence chip. The move is expected to reduce Microsoft's reliance on Nvidia-designed AI chips. However, Cramer dismissed the rumors as misinformation, stating that he would not sell Nvidia stock based on it.
October 07, 2023 | 9:10 pm
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NEUTRAL IMPACT
Jim Cramer's positive stance on Nvidia despite rumors of competition from Microsoft could potentially reassure investors and stabilize the stock price.
Jim Cramer's influence and his positive stance on Nvidia could potentially reassure investors and prevent a significant drop in the stock price despite rumors of competition from Microsoft.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Microsoft's rumored launch of its own AI chip could potentially reduce its reliance on Nvidia, which could be seen as a positive move by investors.
If Microsoft is indeed launching its own AI chip, it could potentially reduce its reliance on Nvidia, which could be seen as a positive move by investors and could potentially boost the stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70