This sector's downfall, in particular, may shock many investors since it offers primarily dividend stocks. Over the same period, the utilities sector declined by 9.38%. Cramer stated that "oil and natural gas have been terrible investments this year." On the flip side, we have the losing sectors which Cramer uses as examples of "what happens if you do stray from tech." Losers in the S&P 500 include the energy sector, down 11.23% year-to-date as of May 31. While going through the winners of 2023 so far, Cramer noted that these sectors included companies that "are a who's who of artificial intelligence and friends," implying that those sectors that didn't stray from the "tech complex" managed to rise and continue rising all through May. The consumer discretionary sector was also a winner, rising by 19.25% year-to-date as of May 31. The communications services sector also managed to pull through, rising by 32.25% over the same period. He noted that the S&P 500 technology sector has been winning in May, rising by 34.81% year-to-date as of May 31. In another Mad Money episode that aired May 31, Cramer went through several S&P 500 sectors, sifting through the winners and the losers for his audience to be better prepared for this market. ![]() This preference for the company may very well stem from the fact that NVIDIA Corporation (NASDAQ:NVDA) seems to have "zero competition in the chip space," as Cramer himself noted.īut apart from NVIDIA Corporation (NASDAQ:NVDA), Cramer is also heavily bullish on many other companies, such as ON Semiconductor Corporation (NASDAQ: ON ) and Bristol-Myers Squibb Company (NYSE: BMY ). However, according to Cramer, NVIDIA Corporation's (NASDAQ:NVDA) Huang had told him years ago that "Moore's law was dead." He made this claim on the basis of the fact that "he came up with a way to make graphics cards that were more powerful and even more efficient, even if they were bigger because there was increasingly no benefit to shrinking semiconductors."īecause of NVIDIA Corporation's (NASDAQ:NVDA) undeniable success and its superior chips, major big tech companies have begun relying on it alone for their chips, especially if artificial intelligence is a space they wish to venture into. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.While going over the potential NVIDIA Corporation (NASDAQ:NVDA) harnesses, Cramer mentioned Moore's law, a theory that implies that "chips will double in power every two years." This is a rule that has been governing the chip space for decades, placing limitations on what chip-makers can do. Between 66-89% of retail investor accounts lose money when trading CFDs. Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. This keeps our service impartial and ad-free. ![]() Please open a trading account through our links to tip us. It does not constitute financial advice.Īffiliate links: This blog is supported by its readers. ![]() Information published on this website is factual and for information purposes only. is an online publication that covers Forex and CFD providers. We do not accept deposits, do not process payments, do not advise on investments, do not deal in investments (as agent or principal) and do not arrange deals in investments. Information published on this website is not directed at residents of the United Arab Emirates or Belgium and is not intended for use by any person in any jurisdiction where such use would be contrary to local law or regulation.ĭisclaimer: is not a Forex or a CFD provider. is a trademark of Media Vest FZ-LLC, a company incorporated with the Dubai Development Authority in the United Arab Emirates under registration number 101647.
0 Comments
Leave a Reply. |