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How nervous are investors about Nvidia's earnings? Cramer says these 2 stocks tell the story

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NVIDIA Corp News

Synopsys Inc,Cadence Design Systems Inc,Microsoft Corp

Even companies that do business with the leading AI chipmaker are getting dinged.

Wall Street is on edge ahead of Nvidia 's earnings report this week. Even companies that do business with the leading AI chipmaker are getting swept up in the nervousness. Shares of Cadence Design Systems and Synopsys — both makers of software used in the chip-design process — each fell more than 2% in Monday's session, and CNBC's Jim Cramer traced the selling to Nvidia's quarterly release set for Wednesday night. "These are two partners of Nvidia.

After more than tripling in 2023, Nvidia's stock price is up more than 150% so far in 2024. It's now one of three companies worth more than $3 trillion, alongside fellow Investing Club holdings Apple and Microsoft . Investor expectations for Nvidia seemingly get higher and higher each time the Santa Clara, California-based company reports quarterly numbers.bbut it doesn't have to be that way, Cramer contended Monday.

 

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