Jim Cramer · Nvidia · ChatGPT · OpenAI · CNBC Technology
Cramer confirms Nvidia has become 'all-important' to the AI trade
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CNBC's Jim Cramer said Tuesday Nvidia has become so critical to the artificial intelligence boom that its earnings could reverberate across the entire market.
Key facts
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- The stock ended Tuesday a little less than 10% below its all-time closing high of nearly $236 per share, which was set in mid-May
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- CNBC's Jim Cramer said Tuesday Nvidia has become so critical to the artificial intelligence boom that its earnings could reverberate across the entire market
Summary
Cramer's comments Tuesday came shortly after Nvidia snapped a seven-session losing streak, its longest slump since September 2022. The stock ended Tuesday a little less than 10% below its all-time closing high of nearly $236 per share, which was set in mid-May. Cramer's Charitable Trust, the portfolio run by CNBC's Investing Club, owns shares of Nvidia.