Cramer Remix: Don't jump the gun—Nvidia's stock isn't done falling

Cramer Remix: Don't jump the gun—Nvidia's stock isn't done falling

5 years ago
Anonymous $Dftgs0JzgE

https://www.cnbc.com/2019/01/29/cramer-remix-dont-jump-the-gunnvidias-stock-isnt-done-falling.html

Even though CNBC's Jim Cramer has long been a fan of Nvidia, a top chipmaker that dragged stocks lower Monday with a major revenue forecast cut, he understood why its stock has lost so much value.

For one, the announcement revealed some "obvious negatives," Cramer said Tuesday on "Mad Money." Chinese authorities have unexpectedly cracked down on video games, one of Nvidia's key end markets; construction in another one of its key markets, the data center, has slowed; and the company still hasn't completely gotten a handle on inventory overhangs with its cryptocurrency mining products.

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