CNBC's Jim Cramer on Wednesday told investors why Nvidia is sometimes able to boost other stocks when it soars.
"Take a look at today's biggest gainers," he said."They're just spinning pins, scattered this way and that because Nvidia speed ball went right down the middle." "Take a look at today's biggest gainers," he said."They're just spinning pins, scattered this way and that because Nvidia speed ball went right down the middle."to briefly become the second-largest company on the market. Nvidia's shares are up more than 3,000% over the past five years.
The"roadmap" for Nvidia chips is only going to get more powerful, he continued, highlighting corporations that aligned themselves with the company and saw their stocks climb on Wednesday, like. He added that companies involved in every aspect of building data centers saw gains, from energy outfits to semiconductor manufacturers.
Asia markets mostly poised to rise as euro rate cut hopes lift sentiment; S&P and Nasdaq hit new highsCramer's Lightning Round: SoundHound is a sellUsher says early detection could have better prepared his family for a Type 1 diabetes diagnosis—97% of caregivers agree
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