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Jim Cramer Weighs on Chart Expert’s $177 Nvidia Corp (NVDA) Stock Price Prediction

Summary

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73% Informative

Jim Cramer in a latest program on CNBC said that the market is narrowing again as he sees gains getting concentrated in big tech stocks again amid bond movements.

Cramer said that this trend was more or less expected as market assumptions following the 50bps rate cut by the Federal Reserve proved to be wrong down the road.

He then talked about a recent earnings report from a notable homebuilder that showed soft results, indicating a weaker consumer.

Some analysts believe Nvidia ’s data center market share between 2025 to 2029 will be over $950 billion .

Baron Opportunity Fund stated the following regarding NVIDIA Corporation (NASDAQ: NVDA ) in its Q3 2024 investor letter: “Given the stellar returns of their stocks over the last couple of years , particularly NVIDIA Corporation , we trimmed NVIDIA and Microsoft Corporation during the period.”.

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Informative language

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informal

Language

English

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not offensive

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not hateful