With the stock market off to a slow start this year, CNBC’s “Mad Money” host Jim Cramer made a bold prediction about one of the “Magnificent Seven” stocks on Wednesday.
What Happened: Amid the market declines, Cramer discussed broader market themes that investors could reference on down days. Given the strength with which the Mag 7 came into the year, there might be concerns about whether these stocks can sustain their momentum, he said on CNBC. Cramer delved into which of these mega-cap techs could be the first to decline.
“To me, it’s looking a little like Tesla, Inc. (NASDAQ:TSLA) would be the first to fall,” Cramer said. “We have a CEO [who’s] getting a little petulant…again, talking about needing to control 25% to innovate.”
Cramer was referring to Tesla CEO Elon Musk‘s recent post on X in which he said, “I am uncomfortable growing Tesla to be a leader in ...