CNBC's Jim Cramer on Wednesday reviewed the rise of several market-leading giants and described why some are suspicious about Nvidia's rise to the top.
He attributed some of investors' skepticism to consumers' unfamiliarity with Nvidia's products and what exactly the company does.'s market capitalization but explained why some on Wall Street are suspicious of the artificial intelligence darling's swift journey to the top. "Somehow, to so many, it just doesn't seem right that a company they rarely interact with could be this big. To me? It's as right as when," he said."I say all that happened is that Nvidia, at the far turn, was nowhere to be seen, but as we got to the stretch, it made its move. It shocked us."He attributed some investor suspicions to consumers' unfamiliarity with Nvidia's products and what exactly the company does.
Cramer indicated that investors were more comfortable with other top companies' growth because their products were ubiquitous in the general zeitgeist. For example, everyone knew of Apple and saw the popularity of products like the iPhone, he said. Microsoft's Windows was commonplace, he added, and most had bought items off of At around $3.2 trillion, Microsoft is the biggest company on the market, followed by Apple at about $2.9 trillion and Nvidia at roughly $2.8 trillion.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CNBC - 🏆 12. / 72 Read more »