Cramer's Morning Take: Nvidia 3/17/25
Squawk on the Street
CNBC
4.1 • 567 Ratings
🗓️ 17 March 2025
⏱️ 3 minutes
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| 0:00.0 | Jim Kramer here to share with you a sample of my take on the market from today's |
| 0:06.8 | CMBC Investing Club warning meeting. |
| 0:08.5 | Jim, why don't we talk about Nvidia next? |
| 0:11.5 | So you're obviously out in San Fran to attend GTC, often referred to as the Woodstock |
| 0:17.2 | of AI. |
| 0:18.2 | We got the keynote tomorrow from Jensen Wong. That's going to be at 10 a.m. Pacific, |
| 0:23.4 | 1 p.m. Eastern. Expect updates on the Blackwell Ultra, maybe a preview to Rubin, physical AI, |
| 0:32.0 | robots and autonomous driving. So much more anticipated tomorrow. |
| 0:37.7 | Right. What I'm really counting on Jensen to deliver is what we haven't thought of. |
| 0:44.8 | Jensen is someone who thinks well ahead of us, you know, the usual chess versus checkers |
| 0:49.3 | analogy. And what I'm hoping is that everything you just said, he'll cover in the first five minutes, and then he'll blow our mind. |
| 0:56.7 | We need mind blow here. |
| 0:58.2 | Why do we mean mind blow? |
| 0:59.4 | Because right now, invidious become very pedestrian. |
| 1:02.6 | We know, for instance, that even though it's a $2.9 trillion company, its stock could move $2.5 this morning, or maybe a couple million dollars |
| 1:11.3 | in firepower in pre-market trading. |
| 1:15.5 | I think that we have, and the reason I mention that is because it's a meme stock. |
| 1:20.2 | That is one of the curse words that you could possibly apply. |
| 1:23.4 | A meme stock means it's entirely controlled by a populist element that emanates from Reddit and then pervades through the marketplace. |
| 1:34.1 | As long as NVIDIA is in the hands of the memesters, it will not be a stock that the institutions want. |
| 1:40.6 | And that's what you're seeing today. |
| 1:42.5 | The institutions do not want to touch a stock that is |
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