Jim Cramer Still Thinks 'Nvidia Could Go Lower' But Cautions Investors Against Panic Selling After DOJ Subpoena

Quick Summary:

Jim Cramer cautioned against investors panic selling NVIDIA Corp (NASDAQ:NVDA) shares following news of a Justice Department subpoena over monopolistic practices.

What Happened: On Tuesday, Cramer, the host of CNBC’s “Mad Money,” emphasized that Nvidia could see further declines but cautioned against panic selling due to the DOJ’s investigation.

The investigation is examining whether Nvidia penalizes customers who do not exclusively use its chips and if it complicates switching to other chip suppliers.

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Category: Technology

Markets: United States

Topics: Equities NVDA Jim Cramer US67066G1040 Tech Analyst Color Benzinga Markets Kaustubh Bagalkote News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-04 @ 02:34:03 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 479 words

Reading Time: 3 minutes read

Sentences: 22 lines

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Copyright Owner: © Benzinga

News ID: 22361917

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