Global  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Why Jim Cramer Is Keeping a Close Eye on Nvidia

Video Credit: The Street - Duration: 00:52s - Published < > Embed
Why Jim Cramer Is Keeping a Close Eye on Nvidia

Why Jim Cramer Is Keeping a Close Eye on Nvidia

Following President Trump's softened treatment of Huawei during his G-20 meeting with President Xi, semiconductor stocks saw upward momentum across the board.

Trump agreed to loosen restrictions around shipment to Huawei in exchange for China's agreement to buy an undisclosed number of U.S. agricultural goods, including soy beans.

Micron , Qualcomm and Infineon were among the biggest winners.

In a hot semiconductor sector, why should investors pay particular attention to Real Money Stock of the Day Nvidia ?

Jim Cramer breaks it down: "Nvidia can go much higher.

And my reasoning for that is because [Nvidia CEO] Jensen Huang told me without a doubt that the Chinese would approve is incredibly important for the edge of the network purchase of Mellanox, an Israeli company.

As long as Huawei was out there, being hounded by our country correctly, I'd had to admit, I think the possibility that deal closing was a minimal.

Now I have to believe that that possibility jumps gigantically and therefore if Nvidia gets that Mellanox deal, it goes to 200 in a snap," said Cramer.

Related.

Nvidia Is Trading Higher, but How It Closes Is of Greater Interest

0
shares
ShareTweetSavePostSend
 

You Might Like


Recent related videos from verified sources

Jim Cramer Advises How the Average Investor Should Approach the Yield Curve [Video]Jim Cramer Advises How the Average Investor Should Approach the Yield Curve

Well, it finally happened. The yield curve briefly inverted Wednesday for the first time in over 12 years, with the benchmark 10-year Treasury note yields falling to 1.576%. Jim Cramer still doesn't..

Credit: The Street     Duration: 01:04Published

08-14-19_JC_RETAIL [Video]08-14-19_JC_RETAIL

Real Money Stock of the Day Macy's earnings per share disappointed the Street Wednesday morning. The company reported earnings per share of 28 cents, far short of the expectation of 45 cents. Revenue..

Credit: The Street     Duration: 01:01Published

Why Jim Cramer Isn't Sold on WeWork [Video]Why Jim Cramer Isn't Sold on WeWork

Are you ready to invest in The We Company? Jim Cramer isn't. WeWork filed its S-1 with the Securities and Exchange Commission on Wednesday, Aug. 14. The company will be the second-biggest IPO of the..

Credit: The Street     Duration: 00:59Published

Jim Cramer on WeWork, Macy's and the Inverted Yield Curve [Video]Jim Cramer on WeWork, Macy's and the Inverted Yield Curve

Happy Wednesday! Jim Cramer breaks down what investors need to know about Macy's , the inversion of the yield curve and WeWork. WeWork WeWork officially filed for its IPO on Wednesday morning. The..

Credit: The Street     Duration: 07:43Published

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.