What did Jim Cramer say about Nvidia?

Former hedge fund manager, Jim Cramer shared in September 2022 that, Nvidia stocks will perform badly and called it ‘a loser.’ During the time he said that the shares were trading at around $130 per share after struggling in the broader market downturn triggered by challenging macro conditions involving record-high inflation and interest rates.

8 months after his prediction, the giant tech company is now trading at $384.12, with more than a 192% increment.

The stock closed at $384.13 per share on Wednesday, May 24, 2023, before jumping over 26%  in extended trading after issuing a current quarter sales forecast that smashed Wall Street expectations. Nvidia gained roughly $200 billion during the last 90 minutes of after-hours trading due to the surge in share price,” sources report.

Cramer is an investment expert who began a hedge fund called Cramer & Co. after he left Goldman Sachs in 1987. The fund was operated out of the offices of hedge fund manager Michael Steinhardt. Some of its investors include Eliot Spitzer, Steve Brill, and Michael Peretz.

He raised $450 million in $5 million increments and received a fee of 20% of the profits generated. He once shared that he sold all of his stocks on the Friday before Black Monday in 1982. He also shared that he had only one year of negative returns from 1988 to 2000.