Jim Cramer Suggests End Of Market Sell-Off, Points To Big Tech Recovery: 'Stop Waiting For A Correction'
Portfolio Pulse from Benzinga Neuro
Jim Cramer, host of CNBC's 'Mad Money', suggests the market sell-off, especially in Big Tech, may be over, highlighting the recovery of NVIDIA and Microsoft. Despite concerns over the Federal Reserve's interest rate decisions, NVIDIA's new graphics chip and Microsoft's strong earnings and cloud business success have contributed to their rebound. Cramer's optimism is based on the recent rally and the high demand for NVIDIA's AI infrastructure, alongside Microsoft's significant AI investments.
May 07, 2024 | 3:15 am
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POSITIVE IMPACT
Microsoft's stock may benefit in the short term from its strong earnings report, success in cloud business, and significant AI investments.
Microsoft's recent strong earnings report and success in its cloud business, coupled with significant investments in AI, are likely to foster investor confidence and contribute to stock price recovery in the short term.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
NVIDIA's stock may see a short-term positive impact due to the announcement of a promising new graphics chip and high demand for its AI infrastructure.
The announcement of a new graphics chip and the high demand for NVIDIA's AI infrastructure are significant positive developments that could drive investor optimism and stock price recovery in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90