Jim Cramer Nvidia Stock Comments

Jim Cramer believes Nvidia (NVDA) shares may not reach a bottom until more Wall Street analysts downgrade the stock. In an X post on November 11, he suggested that analysts who have already lowered their ratings are leaving early, while others have yet to follow. Cramer also criticized Morgan Stanley for removing Nvidia from its top stock picks. Nvidia shares have fallen around 25% since October 2. So far, Aletheia Capital and Baird have downgraded Nvidia to Hold. Baird also cut its price target from $500 to $200, reflecting growing caution among analysts.

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