Invested in Nvidia? Jim Cramer says the AI giant's stock is due for a 'vicious' and 'fast' reversal after 174% rise this year
Is Jim Cramer predicting trouble for Nvidia?
This in itself, is a startling figure and has the potential to create a major panic in the US stock market as the chipmaker's stock is one of the backbones of the major stock indices at Wall Street, as of the current year. Jim Cramer is of the opinion that Nvidia is demonstrating a vicious growth, that could have its cons amid the China antitrust probe that is currently underway. The market expert is also stating that the downward trend of Nvidia may be witnessed soon, and when it arrives, things will move at the blink of an eye.
Jim Cramer and Satya Nadella's opinions coincide
Only recently, Microsoft CEO Satya Nadella has claimed that the overhype of AI chips is slowly normalizing which could have a serious impact on the growth of Nvidia stock that is currently backed by the manufacturing and research of its AI chips, currently in great demand, as per a previous ET report.
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Latest reports about these revelations are already creating major panic among US investors, which could continue in the coming days and create a major dent in the market capitalization of AI-backed Nvidia, claim reports.
FAQs:
Is Nvidia's stock going to crash?
After Nvidia's decision of introducing AI-reliant GPUs, it's stock has shot through the roof, and is now growing at a phenomenal pace. However, there are chances that it could witness a reverse trend in the coming days, suggest market experts.
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