Jim Cramer on Monday highlighted a sudden shift in sentiment around Nvidia Corp (NASDAQ:NVDA), noting that bearish traders appear to have vanished as selling pressure dried up, potentially signaling renewed bullish momentum for the AI chip giant’s stock.
Nvidia Selling Pressure Appears To Ease
In a post on X, the market commentator said, “these sellers of Nvidia just disappeared!”, pointing to a potential shift in near-term market structure and a change in supply-demand balance for the AI chip giant. The comment suggests that bearish pressure on Nvidia shares may be easing, at least in the near term, as fewer investors appear willing to sell at current levels.
Cramer’s comments came as Nvidia stock rallied 4% on Monday to $216.61. The stock was seen 0.99% higher at $218.75 in the after-hours session.
The sentiment aligns with recent market enthusiasm and the broad sector rally driven by rising AI demand. The Philadelphia Semiconductor Index notched 18 straight sessions of gains, the longest winning streak on record, …
This post was originally published here
