Jim Cramer says Nvidia-led chip rally continues as bull market enters third year

CNBC's Jim Cramer on Monday marked the two-year anniversary of the current bull market with an ode to Nvidia and the U.S. semiconductor industry. "We have a remarkable semiconductor rally, and it is at the heart of this market," Cramer said on "Squawk on the Street." "One of the reasons why it's so great is the dynamism of American capitalism is in semiconductors.

mountain 2022-10-12 Nvidia's stock performance compared with the S & P 500 during the two-year bull market, which began on Oct. 12, 2022. Nvidia, whose chips were used to train ChatGPT on massive amounts of data, saw a massive influx of orders, leading to its soaring revenue, profits and stock price. As of Monday, Nvidia is the second-most valuable company in the world, at $3.4 trillion, behind only Apple, which is worth $3.5 trillion.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Nvidia falls as Beijing discourages local companies from buying Nvidia chipsNvidia falls as Beijing discourages local companies from buying Nvidia chips - BBG
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Jim Cramer's top 10 things to watch in the stock market FridayWholesale inflation came in below expectations. Meanwhile, skeptics are everywhere after Tesla's robotaxi event.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Jim Cramer's top 10 things to watch in the stock market ThursdayWall Street was lower after September inflation data came in slightly hotter than expected and initial jobless claims topped estimates.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »