As Apple, Nvidia Trade Near All-Time Highs, Jim Cramer Tells Investors To Cash In On AI Stocks: 'Let's Not Be Too Greedy'
Portfolio Pulse from Rounak Jain
Jim Cramer advises investors to consider taking profits from AI stocks like Apple, Nvidia, Oracle, Broadcom, and Adobe, which have seen significant gains recently. Despite his confidence in Nvidia, he warns against greed and suggests trimming AI-related investments.
June 15, 2024 | 2:57 am
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NEUTRAL IMPACT
Apple's stock has soared due to new AI programming and recent announcements at its WWDC event. Jim Cramer suggests taking profits despite the gains.
Apple's recent AI advancements have driven its stock price up. However, Cramer's advice to take profits may lead to short-term selling pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Adobe reported a better-than-expected quarter, boosting its stock. Jim Cramer suggests taking profits despite the gains.
Adobe's strong quarterly performance may face short-term selling pressure due to Cramer's advice to take profits.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Broadcom beat estimates, leading to a stock surge. Jim Cramer advises taking profits despite the strong performance.
Broadcom's strong performance may face short-term selling pressure due to Cramer's advice to take profits.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Oracle's stock surged after earnings and partnerships with Microsoft and Alphabet. Jim Cramer suggests taking profits despite the gains.
Oracle's recent gains from earnings and partnerships may face short-term selling pressure due to Cramer's advice to take profits.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Nvidia reached a new 52-week high, but Jim Cramer advises taking profits, citing potential short-term decline based on chartist analysis.
Despite Nvidia's strong performance, Cramer's advice and chartist analysis suggesting a peak may lead to short-term selling pressure.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100