Inverse Cramer Strikes Again? Nvidia Opens 3% Lower After 'Mad Money' Host Poses With 'Pals': Internet Says 'Shorting Robots'
Portfolio Pulse from Rounak Jain
Nvidia Corp. (NASDAQ:NVDA) experienced a 3% drop in stock price after Jim Cramer, host of 'Mad Money', was seen posing with the company's AI robots, sparking a wave of 'inverse Cramer' sentiment on social media. Despite the recent launch of Nvidia's impressive AI superchips, the 'inverse Cramer' meme, which suggests that the opposite of Cramer's endorsements happens, influenced public perception and potentially the stock's performance.
March 19, 2024 | 2:51 pm
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Nvidia Corp. saw a 3% decrease in stock price following Jim Cramer's social media post with the company's AI robots, amidst the launch of their new AI superchips.
The drop in Nvidia's stock price can be attributed to the negative sentiment generated by Jim Cramer's social media post, which triggered the 'inverse Cramer' meme effect. Despite the positive news of Nvidia's AI superchip launch, the stock's short-term performance was impacted by social media reactions, highlighting the influence of public perception on stock prices.
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IMPORTANCE 75
RELEVANCE 90