Jim Cramer Backs Jensen Huang, Tim Cook Amid Wall Street Skepticism: 'Don't Scoff When I Tell You To Have Faith In These People'
Portfolio Pulse from Benzinga Neuro
Jim Cramer, a CNBC financial commentator, has voiced his support for Federal Reserve Chair Jerome Powell, NVIDIA's CEO Jensen Huang, and Apple's CEO Tim Cook, against Wall Street's skepticism. Cramer praised Powell's leadership, defended NVIDIA against concerns of competition in graphics chips, and dismissed the notion that Apple is in a no-growth phase, citing plans to revamp its Mac line with AI chips. He encouraged Wall Street to trust in their ability to deliver positive results, highlighting his successful track record with these figures.
April 12, 2024 | 3:08 am
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Jim Cramer expresses renewed confidence in Apple and CEO Tim Cook, dismissing the idea of a no-growth phase and citing plans for a Mac line revamp with AI chips.
Cramer's positive outlook on Apple, especially with the anticipated revamp of its Mac line with AI chips, could lead to increased investor optimism about the company's growth prospects, potentially driving up its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Jim Cramer defends NVIDIA and its CEO, Jensen Huang, against Big Tech competition concerns, believing in the company's ability to collaborate with competitors.
Cramer's defense of NVIDIA and its leadership, especially amid concerns of competition, could bolster investor confidence in the company's ability to maintain its market position and foster collaborations, potentially driving up its stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90