Cramer urges investors to stop thinking Nvidia can ‘make or break’ the stock market. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake
Squawk on the Street
Cramer's Morning Take: Nvidia 5/20/24
Cramer urges investors to stop thinking Nvidia can ‘make or break’ the stock market. Become a CNBC Investing Club member to go behind the scenes with Jim Cramer and Jeff Marks as they talk candidly about the market’s biggest headlines. Signup here: cnbc.com/morningtake
CNBC Investing Club Disclaimer
- Duration:
- 4m
- Broadcast on:
- 20 May 2024
- Audio Format:
- mp3
Hello, I'm Lara Castleton, U.S. Head of Portfolio Construction and Strategy at Janice Henderson Investors. Is a brighter future possible? At Janice Henderson, we think it is. For 90 years, we've worked to help clients achieve superior financial outcomes and fulfill our purpose of investing in a brighter future together. We know that this means our thinking and our investments are helping to shape millions of brighter futures for the next 90 years and beyond. To learn more, go to Janice Henderson.com. Hey, it's Kramer, and this is my morning take on the market from today's CBC Investing Club morning meeting. I can't believe it, Jeff, that there could be a company that was a gaming company that meant very little to the market that I failed when I was looking at a BMW and an Audi that then I played a video game, the name of that company is NVIDIA, and at a piece this weekend, it is taking over the mind share of everyone. I even have people saying, "Oh my God, reverse, head and shoulders." And I said to myself, "Can we cut it out? Can we cut it out?" This Blackwell product, which isn't even in the hands of anyone. Right, that's their next generation. That's their sub-platform. Right. But I was out there, they had a 200, they had the HDH product, and it had a bartender, a bartender that was dumb, and with these Blackwell, the bartender will be able to make your drink, smile, talk, talk in a very good way to you. Talk about a robotic bartender. Right. And so we're going to see the beginning of the work productivity, the beginning of the Industrial Revolution. Something was supposed to sell it, so all I'm saying is whatever's going on in people's heads, stop, stop, stop thinking about envisioning, go think about something else, go think about the Phillies, I don't care, just stop thinking it's some sort of make or break. There. Yeah, I think that's been the mindset over the last couple quarters too, and they have been strong. I'm sure it will be strong this time around, but of course it always ends up, what are the market's expectations into that for the next incremental fire. Right. And now everybody's got expectations. Blackcrest, who really runs the call, she is not going to throw a settling on this fire. And when Jensen gets involved in the call, it's usually just talk about the one room in health care. So let's be clear. I had a gentleman, Bill Newdy, an old friend of mine, when he was a simple technology, then NCR, and he has ALS, and he was, you know, I'm just presented as it is. He's got a chairman of everything ALS, so a great charity. But because of all of artificial intelligence, he was able to speak by looking at words and with his eyes. And then the words get talked about, get translated from voicemails that he had left. So it sounds just like Bill Newdy. Yeah. Okay. Health care. That is the next generation. So like, let's start thinking about health care when we think about Blackwell. Let's start thinking about Robotic. And let's stop thinking about what Dig was this quarter, okay? Watch your day with my outlook on the market every morning. Visit cbc.com/morningtake to become a CNBC investing club member at a special rate today. All opinions expressed by Jim Kramer on this podcast and in connection with the CNBC investing club are solely Kramer's opinions and do not reflect the opinions of CNBC, NBC, Universal, or their parent company or affiliates, and may have been previously disseminated by Kramer on television, radio, internet, or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Kramer. The opinions offered in connection with this podcast and the CNBC investing club are not an attempt to induce any particular trading behavior, investment, or strategy. You should be aware of the risk of loss in following any strategy or investment discussed in the content from Kramer. With the help of T-Mobile for business, our 5G Advanced Network Solutions are powering race day operations with event-wide connectivity. From streamlined gate entry to an immersive app, giving fans blazing fast access to the sport they love. This is accelerating innovation. This is the Las Vegas Grand Prix with T-Mobile for Business. Take your business further at T-Mobile.com/Now. (upbeat music)