Jim Cramer Still Thinks 'Nvidia Could Go Lower' But Cautions Investors Against Panic Selling After DOJ Subpoena
Portfolio Pulse from Benzinga Neuro
Jim Cramer advises against panic selling of Nvidia shares despite a DOJ subpoena over monopolistic practices. Nvidia's stock has declined significantly since its Q2 earnings, raising concerns about its future performance. However, some analysts remain optimistic about Nvidia's long-term prospects.
September 04, 2024 | 2:34 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Nvidia faces a DOJ subpoena over monopolistic practices, causing its stock to decline. Despite this, Jim Cramer advises against panic selling, and some analysts remain optimistic about Nvidia's long-term growth potential.
The DOJ's investigation into Nvidia's monopolistic practices has led to a significant stock decline, indicating negative short-term sentiment. However, Jim Cramer's advice against panic selling and analysts' optimism about long-term growth suggest that the impact may be mitigated over time.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100