Cramer explains why some are skeptical of Nvidia's ballooning market cap

  • 📰 NBCNewYork
  • ⏱ Reading Time:
  • 63 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 63%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

If Nvidia keeps up its current growth pace, Cramer said it could soar past Apple and overtake Microsoft soon.

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.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 270. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Jim Cramer's week ahead: Earnings from Nvidia, Target, Macy'sCNBC's Jim Cramer highlighted earnings reports from Palo Alto Networks, Toll Brothers, Ross Stores and Deckers Outdoor.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »