CNBC’s Jim Cramer has weighed in on Nvidia Corp.‘s (NASDAQ:NVDA) recent pre-market dip, attributing its slight decline to the influence of “meme money” rather than significant institutional selling.
What Happened: In a post on X on Friday, Cramer expressed his disappointment, stating, “I was hoping there would be less meme money in Nvidia but I was wrong.” He pointed to Nvidia’s pre-market movement, noting, “Witness the stock in premarket is down 87 cents.”
Cramer quickly downplayed the significance of this dip, characterizing it as the work of less substantial investors. He elaborated, “That’s just small motivated shareholders knocking it down.”
To underscore his point about the limited impact of such activity, Cramer estimated that “Probably no more than 35,000 shares sold took the biggest stock down a huge percentage,” suggesting that even a relatively small volume of trading by certain types of investors can create noticeable, though not fundamentally impactful, price fluctuations in highly-watched stocks like Nvidia.
Full story available on Benzinga.com
CNBC’s Jim Cramer has weighed in on Nvidia Corp.‘s (NASDAQ:NVDA) recent pre-market dip, attributing its slight decline to the influence of “meme money” rather than significant institutional selling.
What Happened: In a post on X on Friday, Cramer expressed his disappointment, stating, “I was hoping there would be less meme money in Nvidia but I was wrong.” He pointed to Nvidia’s pre-market movement, noting, “Witness the stock in premarket is down 87 cents.”
Cramer quickly downplayed the significance of this dip, characterizing it as the work of less substantial investors. He elaborated, “That’s just small motivated shareholders knocking it down.”
To underscore his point about the limited impact of such activity, Cramer estimated that “Probably no more than 35,000 shares sold took the biggest stock down a huge percentage,” suggesting that even a relatively small volume of trading by certain types of investors can create noticeable, though not fundamentally impactful, price fluctuations in highly-watched stocks like Nvidia.
Full story available on Benzinga.com
CNBC’s Jim Cramer has weighed in on Nvidia Corp.‘s (NASDAQ:NVDA) recent pre-market dip, attributing its slight decline to the influence of “meme money” rather than significant institutional selling.
What Happened: In a post on X on Friday, Cramer expressed his disappointment, stating, “I was hoping there would be less meme money in Nvidia but I was wrong.” He pointed to Nvidia’s pre-market movement, noting, “Witness the stock in premarket is down 87 cents.”
Cramer quickly downplayed the significance of this dip, characterizing it as the work of less substantial investors. He elaborated, “That’s just small motivated shareholders knocking it down.”
To underscore his point about the limited impact of such activity, Cramer estimated that “Probably no more than 35,000 shares sold took the biggest stock down a huge percentage,” suggesting that even a relatively small volume of trading by certain types of investors can create noticeable, though not fundamentally impactful, price fluctuations in highly-watched stocks like Nvidia.
I was hoping there would be less meme money in Nvidia but i was wrong. Witness the stock in premarket is down 87 cents. That’s just small motivated shareholders knocking it down. Probably no more than 35,000 shares sold took the biggest stock down a huge percentage
— Jim Cramer …Full story available on Benzinga.com Read MoreConsumer Tech, Equities, Gene Munster, Market Summary, Meme Stock, News, NVDA, QQQ, SPY, Jim Cramer, Markets, Tech, SPY, US78462F1030, NVDA, US67066G1040, QQQ, US73935A1043, News, Equities, Market Summary, Markets, Tech, Benzinga Markets
