Jim Cramer Challenges Nvidia Critics Amid Record Stock Highs: 'Where Are The Bears?'
Portfolio Pulse from Benzinga Neuro
Jim Cramer, host of CNBC's 'Mad Money', highlighted Nvidia Corporation's (NASDAQ:NVDA) record stock performance, questioning critics amid its all-time high. Cramer's comments followed Nvidia's anticipated Q4 revenue of $20.62 billion, a significant increase from the previous year's $7.19 billion. Despite a 6.7% drop in Nvidia's shares just before the earnings report, Cramer saw it as an investment opportunity, suggesting it as a market entry point for new investors.
February 22, 2024 | 12:27 pm
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POSITIVE IMPACT
Jim Cramer's positive remarks and the anticipated significant revenue increase for Nvidia's Q4 could bolster investor confidence, potentially driving the stock's price higher in the short term.
Cramer's public endorsement and the significant anticipated increase in Q4 revenue highlight Nvidia's strong performance and future potential. Given Cramer's influence and the positive financial outlook, investor sentiment is likely to be positively impacted, potentially leading to a short-term increase in NVDA's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100