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Jim Cramer Backs Jensen Huang, Tim Cook Amid Wall Street Skepticism: 'Don't Scoff When I Tell You To Have Faith In These People'

Benzinga Neuro
April 11, 2024

Jim Cramer, CNBC’s financial commentator, has expressed his confidence in Federal Reserve Chair Jerome Powell, NVIDIA Corp‘s (NASDAQ:NVDA) Jensen Huang, and Apple Inc (NASDAQ:AAPL) CEO Tim Cook, despite Wall Street’s cynicism.

What Happened: On Thursday, Cramer urged Wall Street to trust these influential figures, who he believes have consistently delivered positive results. He criticized the skeptics, stating, “It’s the skeptics who’ve been wrong — the skeptics — year after year after darn year,” reported CNBC.

"Don't scoff when I tell you to have faith in these people who've made us all fortunes," Cramer said.

Cramer praised Powell’s pragmatic approach and handling of the past turbulent years, expressing faith in his ability to navigate future challenges.

He also defended Nvidia and its CEO, Jensen Huang, amid concerns of Big Tech competitors developing rival graphics chips. Cramer believes Nvidia can collaborate with these companies, who will remain its clients.

See Also: Here’s How Much Trump Lost After His Newly Listed DJT Stock Erased All Gains Since Public Debut

Furthermore, Cramer dismissed the idea that Apple is in a no-growth phase, asserting that CEO Tim Cook will devise a successful strategy. He referenced a Bloomberg report suggesting Apple’s plans to revamp its Mac line with AI chips.

"If my positive track record on ‘Jay' Powell, or my ‘own it don't trade it' philosophy on Apple and Nvidia, have lost you fortunes, you can knock me all you want," he said. "But right now, I think I'm money good with these calls. And the critics? I say to them, show me the money."

Why It Matters: Cramer’s recent remarks are in line with his previous statements. In late March, he advised investors to view potential market pullbacks as opportunities, specifically mentioning Nvidia. On Tuesday, he reiterated his faith in Nvidia and Eli Lilly, despite market dips.

On Wednesday, Cramer emphasized the strength of the economy, advising investors not to anticipate swift rate cuts from the Federal Reserve, further demonstrating his trust in Powell’s leadership.

Despite expressing skepticism about Apple’s short-term prospects in March, Cramer’s recent comments indicate a renewed confidence in the tech giant’s future.

Read Next: Why Nikola Shares Are Falling Today

Image Via Shutterstock


Benzinga Neuro, Edited by Kaustubh Bagalkote


The GPT-4-based Benzinga Neuro content generation system exploits the extensive Benzinga Ecosystem, including native data, APIs, and more to create comprehensive and timely stories for you. Learn more.


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