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Jim Cramer sinks Nvidia stock below $500 after ‘game set and match’ tweet

Jim Cramer sinks Nvidia stock below $500 after ‘game set and match’ tweet

In the world of stock market predictions, few personalities stand as prominently as Jim Cramer. With his charismatic style and bold predictions, he has become a household name for investors.

However, his recent experience with Nvidia (NASDAQ: NVDA) serves as a reminder of the market’s unpredictable nature and raises the question: Can investors turn his missteps into an opportunity?

Cramer’s journey with Nvidia has been nothing short of a roller coaster ride. In a surprising twist, Cramer recommended investors to step back from Nvidia, only to witness the stock soar by an astonishing 284%. The unexpected surge left many questioning the accuracy of Cramer’s analysis and wondering if there’s a way to capitalize on his misses.

Enter the Inverse Cramer Tracker ETF, an innovative investment vehicle designed to leverage Cramer’s unpredictability. Inspired by the market’s skepticism towards Cramer’s calls, this ETF allows investors to profit when Cramer’s stock picks fall short of expectations.

On August 24, Cramer confidently declared ‘ Nvidia is game set and match’ as the stock surpassed $500. Yet, the market had different plans. Nvidia dipped, closing at $460.18, down $11.45 or 2.43% by Friday, August 25 This swift reversal caught many off guard, underlining the challenges of relying solely on one individual’s forecasts.

Inverse Cramer Tracker ETF

The Inverse Cramer Tracker ETF, however, provides a strategic avenue for investors looking to hedge against former hedge fund manager’s predictions. By capitalizing on Cramer’s occasional misses, this ETF aims to generate returns when his stock picks experience setbacks. 

Significantly, in the lead-up to the market’s opening on August 24, Finbold released a report projecting a remarkable surge for NVDA stock, soaring beyond the $500 threshold. This forecast proved accurate following on the news that Nvidia’s shares experienced a sharp uptick during after-hours trading on August 23, propelling the company’s stock price to surpass $500 for the very first time.

Nvidia’s impressive after-hours market surge followed the release of its fiscal Q2 2024 earnings results, which not only exceeded but also surpassed Wall Street’s expectations.

On a different note, within the realm of investments, OpenAI’s chatbot ChatGPT showcased its prowess through a “GPT Portfolio.” Starting with an initial capital of $50,000 to strategically select stocks, NVDA stood out as the prominent asset, constituting 16% of the portfolio over the past month.

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Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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