CNBC’s Jim Cramer on Thursday said Wall Street should be less jaded and trust market-moving leaders.
CNBC's Jim Cramer on Thursday said Wall Street should be less jaded and have faith in market-moving leaders like Fed Chair Jerome Powell, Nvidia's Jensen Huang and Apple CEO Tim Cook.
"Don't scoff when I tell you to have faith in these people who've made us all fortunes," Cramer said."It's the skeptics who've been wrong — the skeptics — year after year after darn year."on Thursday said Wall Street should be less jaded, saying that to see gains it is necessary to trust certain deserving market-moving figures."Don't scoff when I tell you to have faith in these people who've made us all fortunes," Cramer said.
To Cramer, Powell is pragmatic and hasn't gotten the trust he deserves. He praised the way the Fed chair has handled the last several turbulent years, saying he's been able to create"a very positive situation where business is good, and many of the key inflation inputs will come down naturally on their own."Nvidia stock dipped earlier this week as investors worried that its Big Tech peers will develop graphics chips that threaten the company's dominance, Cramer said.
A spokesperson for the Fed and a spokesperson for Nvidia said they didn't have a comment on Cramer's remarks. CNBC has reached out Apple for comment.Citi says this ‘high risk’ but ‘attractive’ global stock has 280% upside This AI stock could fall 50% and has an ‘exaggerated artificial intelligence narrative,’ Morningstar saysCramer's Lightning Round: Trade Desk is 'great'How you can help Lucy the Elephant at the Jersey Shore win the title of Best Roadside Attraction in the US
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jim Cramer Guides Investors Through Next Week's Key Events on Wall StreetCNBC's Jim Cramer provides insights on earnings from Walgreens, consumer spending data, the Fed's stance on interest rates, and the trading of Trump Media, a new public company owned by former President Donald Trump.
Read more »
Jim Cramer Urges Wall Street to Have Faith in Market-Moving LeadersCNBC's Jim Cramer encourages investors to trust leaders like Fed Chair Jerome Powell, Nvidia's Jensen Huang, and Apple CEO Tim Cook, stating that skeptics have been consistently wrong.
Read more »
Jim Cramer says Wall Street's too cynical on Jerome Powell, Nvidia and AppleCNBC's Jim Cramer on Thursday said Wall Street should be less jaded and trust market-moving leaders.
Read more »
Jim Cramer Urges Investors Not to Overreact to Recent Declines on Wall StreetCNBC's Jim Cramer advises investors to patiently wait for lower prices and sees the recent declines as an opportunity to buy quality stocks at discounts.
Read more »
Jim Cramer advises investors not to overreact to recent declines on Wall StreetCNBC's Jim Cramer urges investors to patiently wait for lower prices and not to be overly concerned with the longer-term implications of recent declines on Wall Street. He suggests that it could be an opportunity to buy quality stocks at discounted prices.
Read more »
Why Wall Street analysts and Jim Cramer see more upside for this portfolio Big Tech nameThe Investing Club holds its 'Morning Meeting' every weekday at 10:20 a.m. ET.
Read more »