News Formal

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

  • 📰 CNBC
  • ⏱ Reading Time:
  • 23 sec. here
  • 14 min. at publisher
  • 📊 Quality Score:
  • News: 54%
  • Publisher: 72%

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cramer explains why food delivery stocks are doing well even as consumers rebel against inflation“DoorDash and Uber Eats and Instacart can only put up numbers like these because food delivery has become a calcified habit for so many consumers,”…
Source: nbcchicago - 🏆 545. / 51 Read more »

Cramer explains why food delivery stocks are doing well even as consumers rebel against inflation'DoorDash and Uber Eats and Instacart can only put up numbers like these because food delivery has become a calcified habit for so many consumers,' Cramer said.
Source: CNBC - 🏆 12. / 72 Read more »

Cramer explains why food delivery stocks are doing well even as consumers rebel against inflation“DoorDash and Uber Eats and Instacart can only put up numbers like these because food delivery has become a calcified habit for so many consumers,”…
Source: nbcsandiego - 🏆 524. / 51 Read more »

Jim Cramer's top 10 things to watch in the stock market MondayThe S&P 500 and Nasdaq were heading for a higher open Monday after a tough week.
Source: CNBC - 🏆 12. / 72 Read more »