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Jim Cramer, the electrifying yet controversial host of Mad Money and former hedge fund manager, seems to have had a change of heart when it comes to Nvidia (NASDAQ: NVDA).  Cramer, who has been singing the praises of the semiconductor giant for quite a while now, disparaged Nvidia as a ‘meme stock’ in an April 16 X post. “As I said in my painful Sunday think piece for club members, Nvidia has become a meme stock and it has to be cut back.. Don’t say thanks for telling me now cause club members got the whole call.” As i said in my painful Sunday think piece for club members, Nvidia had become a meme stock and it has to be cut back.. Don’t say thanks for telling me now cause club members got the whole call — Jim Cramer (@jimcramer) April 16, 2025 Let’s take a closer look at what exactly is going on — and whether or not the popular TV host has really turned bearish on NVDA stock. Jim Cramer believes Nvidia has been trading irrationally for weeks On April 15, NVDA shares closed at $112.20, after a 1.35% move to the upside during regular trading. Soon after, the White House announced that the export of H20 chips to China would be restricted.  This could easily lead to a $5.5 billion writedown in the semiconductor company’s next quarterly report, due May 28. The price of Nvidia stock receded, reaching $105.45 by press time on April 16, marking a 6.01% drop from yesterday’s close.  At present, NVDA shares are down 21.48% on a year-to-date (YTD) basis. NVDA stock price year-to-date (YTD) chart. Source: Finbold Cramer’s long-term bullishness on the tech giant, echoed by a majority of Wall Street analysts, doesn’t seem to have subsided. However, as of late, he…

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Filed under: News - @ April 16, 2025 11:19 am