TECH - As Apple Nvidia Trade At All-Time High Jim Cramer Tells Investors To Cash In On AI Stocks: 'Let's Not Be Too Greedy' | Benzinga
Jim Cramer, the host of CNBC’s “Mad Money,” has suggested that it might be time for investors to consider taking profits from their AI stock holdings.
What Happened: Cramer, in his show on Monday, highlighted the significant gains in the AI sector over the past week.
He pointed out the remarkable performance of companies like Apple Inc. (NASDAQ:AAPL), Oracle Corp. (NYSE:ORCL), Broadcom Inc. (NASDAQ:AVGO), Adobe Inc. (NASDAQ:ADBE), and Nvidia Corp. (NASDAQ:NVDA), reported CNBC.
Apple’s stock soared after the company announced new AI programming, Oracle surged following its earnings report and partnerships with Microsoft and Alphabet, Broadcom beat estimates, and Adobe reported a better-than-expected quarter. NVIDIA also reached a new 52-week high on Friday.
Despite his continued confidence in Nvidia, Cramer advised against greed and suggested that it might be time to trim AI-related investments. He also referenced ...