Jim Cramer Predicts Tesla 'Would Be First To Fall' From 'Magnificent 7' Stock Group: 'We Have A CEO Getting A Little Petulant...Again'
Portfolio Pulse from Shanthi Rexaline
Jim Cramer predicts Tesla (TSLA) may be the first to fall among the 'Magnificent Seven' stocks due to CEO Elon Musk's recent comments about needing more voting control. Cramer contrasts this with his positive view on Nvidia (NVDA) and its CEO. The article also notes that tech stocks, including Nvidia, Microsoft (MSFT), and Advanced Micro Devices (AMD), have had a rocky start to the year but are favored by analysts for their AI capabilities. Tesla faces challenges with slowing EV adoption and price cuts impacting its bottom line.
January 18, 2024 | 1:25 pm
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POSITIVE IMPACT
Advanced Micro Devices is also favored by analysts for its AI technology, despite the general uncertainty in the tech market.
Like MSFT, AMD's recognition as an AI stalwart and the positive sentiment from analysts could help the stock maintain its position or grow in the short term despite broader market concerns.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Microsoft is recognized as an AI stalwart and has received analyst support, despite the broader tech sector's volatility at the start of the year.
Analyst support for Microsoft's AI capabilities could help maintain or boost investor confidence in MSFT, mitigating the impact of the sector's overall volatility.
CONFIDENCE 65
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Nvidia is positively highlighted by Jim Cramer and is favored by analysts for its AI capabilities, despite the rocky start for tech stocks this year.
Cramer's positive sentiment towards Nvidia and its AI technology, along with analyst optimism, could contribute to a favorable short-term outlook for NVDA's stock.
CONFIDENCE 70
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Jim Cramer suggests Tesla may struggle due to Elon Musk's comments on voting control and fundamental issues like slowing EV adoption and ineffective price cuts.
Cramer's prediction, based on Musk's recent comments and Tesla's fundamental challenges, could lead to negative investor sentiment in the short term, especially if the upcoming earnings report doesn't meet expectations.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90