Cramer's Stop Trading: Nvidia

Wealth Wizards
8 followers
2 Video Views·Nov 7, 2024
Jim Cramer explains why he's keeping an eye on shares of Nvidia.
Let's get to Jim and stop trading.
I'm always concerned about Taiwan and what could happen with China.
The new president, President-elect, has been inconsistent.
He was anti-China at one point, said that Taiwan should have to pay its own.
But there's an interesting split between Taiwan Semi and NVIDIA.
They always trade together.
But maybe Taiwan Semi, they put something on.
If they put a tariff on it, it's bad for NVIDIA.
I would come back and say NVIDIA is a crown jewel
and the president is not going to go against a crown jewel
and that in the end, the Taiwan Semi relationship will be preserved
and you should not sell NVIDIA on any of this
because I think the president still celebrates jewels that don't take money.
Remember, they're not a chips-backed beneficiary.
Right.
Also, given Elon Musk, one of the most powerful people in government, he'll be,
and what he has said and how he relies so much on NVIDIA.
They have, sometimes, they're frenemies because, obviously,
I think that Elon would like to be independent.
But he always says the same thing, which is, boy, they make good chips.
So, I think that NVIDIA is not a loser but a winner in this situation.
All right. So, overall, Jim?
Look, overall, I think you have to follow that tomorrow's the bond market's in control.
We have a couple of auctions going on that are not good.
So, remember, there are two things you need to remember.
When interest rates go up, it hurts the proctor and gambles.
And when we have trade wars, it hurts the proctor and gambles.
So, I wouldn't buy proctor yet.
What?
Nothing.
What's the matter?
It's getting hit on both.
Yeah.
Blue Owl loves Wells Fargo.
Regions Financial.
Yeah.
And Charlie Sharp is the winner because I think the asset cap goes away.
And I happen to think, and David, you know, I like Charlie more than Jamie.
And I said that because then I'm going to get the phone call from Jamie Morgan saying,
And I say it's gratuitous.
And I haven't even praised Anna Boutinia.
Because it's true.
You do like Charlie more than Jamie.
No, it has nothing to do with.
David, it's business, not personal.
I'm not like the new president.
Jim, our viewers thank you for the work you've done the last 24 hours.
I mean, I watched every L.
I come home, my wife is watching another channel.
I grab the clicker, man.
Come on, I want to see how long this guy laughs.
This guy's going for the record.
