Jim Cramer Says He'd 'Rather Buy Nvidia A Hundred Points Higher' Than This AI Stock
Portfolio Pulse from Benzinga Neuro
Jim Cramer expressed a preference for Nvidia Corporation (NVDA) over Super Micro Computer, Inc. (SMCI), even if it means buying NVDA at a significantly higher price. This statement was made on CNBC's 'Mad Money', highlighting Cramer's lack of enthusiasm for SMCI despite its recent achievements, including its entry into the S&P 500 and strategic partnerships with Nvidia and AMD. As of the last trading session, SMCI's stock saw an 8.38% increase, closing at $971.61, while NVDA's stock rose by 1.18%, closing at $914.35.
March 22, 2024 | 9:31 am
News sentiment analysis
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NEGATIVE IMPACT
Despite Super Micro's recent achievements and strategic partnerships, Jim Cramer's negative stance could dampen investor sentiment towards SMCI, potentially affecting its stock price negatively in the short term.
Jim Cramer's negative view on SMCI, expressed on a widely viewed platform like CNBC's 'Mad Money', could lead to a decrease in investor confidence. This might result in a short-term negative impact on SMCI's stock price, especially considering the weight of Cramer's opinions among retail investors.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 90
POSITIVE IMPACT
Jim Cramer's endorsement of Nvidia over Super Micro, even at a higher price, could boost investor confidence in NVDA, potentially influencing its stock price positively in the short term.
Jim Cramer's opinions are highly regarded in the investment community. His explicit preference for NVDA, despite a higher price point, could lead to increased investor confidence and demand for NVDA shares, potentially driving up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90