Cramer says tech has a ‘well-deserved premium' because of stocks like Nvidia

A cover story he read in Money Magazine forty years ago about the value of tech stocks helped change his mind, Cramer saidon Tuesday reiterated his faith in tech stocks, especially Nvidia and its"Magnificent Seven" peers.

Cramer recognized that some investors question how tech shares could be worth so much money, especially when the stock is up. He has shared that skepticism, Cramer acknowledged, especially at the start of his career when similar doubts about the value of tech stocks were prevalent. A cover story he read in Money Magazine forty years ago about the value of tech stocks helped change his mind, Cramer said. A money manger wrote the article and suggested that tech would roar back after sell-offs. Cramer was initially doubtful of this theory until he saw it prove true, he said.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

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

Jim Cramer's top 10 things to watch in the stock market MondayStocks edge up in premarket trading Monday, following three-consecutive weeks of losses, as the market looks to Nvidia's (NVDA) quarterly report.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Jim Cramer's top 10 things to watch in the stock market TuesdayWall Street is set to open higher after the Nasdaq had its best day in the rough month of August.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Nvidia's stock looks to snap losing streak as earnings optimism buildsNvidia Corp.'s earnings are drawing nearer, and yet another analyst is feeling upbeat heading into the upcoming report.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

This chip stock could yield a quick profit, depending on Nvidia's earnings, Morgan Stanley saysHow well Nvidia performs Wednesday could have implications for this derivative play, according to Morgan Stanley.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »