Jim Cramer Slams 'Big Freakout' Selling In Nvidia, AI, Crypto Stocks After Strong GDP Print: 'It Is Just Stupid'

“It is conscionable stupid,” the "Mad Money" big said.

The large freakout–never ends. You get a beardown fig and Nvidia and crypto and quantum and rockets and information centers spell down. It is conscionable STUPID

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The station was made soon aft the information showed the U.S. system grew 4.3% in the 3rd quarter, good exceeding expectations of 3.3% and signaling the fastest complaint of enlargement since the 3rd 4th of 2023.

Typically, beardown economical information reduces expectations for near-term Federal Reserve complaint cuts, putting unit connected rate-sensitive assets specified arsenic stocks. According to the CME FedWatch tool, the likelihood of a 25 ground constituent chopped successful January fell from 19.9% to 14.4% successful 24 hours.

And portion immoderate of these stocks, including those from the fashionable “Mag 7” cohort, dipped pre-market, they recovered successful consequent sessions to adjacent higher.

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That said, starring cryptocurrency names, including Coinbase and Strategy Inc. (NASDAQ:MSTR) closed successful the red, but that had much to bash with volatility successful Bitcoin (CRYPTO: BTC).

Interestingly, Nvidia shares besides dipped successful the pre-market league erstwhile the second-quarter GDP came successful amended than expected successful August.

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