Jim Cramer Slams ‘Big Freakout’ Selling In Nvidia, AI, Crypto Stocks After Strong GDP Print: ‘It Is Just Stupid’
Market commentator and popular TV personality Jim Cramer vented frustration Tuesday over strong economic data triggering panic in high-growth sectors such as artificial intelligence and cryptocurrency.
Cramer described the reaction as a “big freakout” that “never ends,” affecting stocks such as NVIDIA Corp. (NASDAQ:NVDA) and those related to cryptocurrency, quantum computing, and data centers.
“It is just stupid,” the “Mad Money” host said.
The big freakout–never ends. You get a strong number and Nvidia and crypto and quantum and rockets and data centers go down. It is just STUPID
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The post was made shortly after the data showed the U.S. economy grew 4.3% in the third quarter, well…
