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

Market commentator and popular TV personality Jim Cramer vented frustration Tuesday over strong economic data triggering panic in high-growth sectors such as artificial intelligence and cryptocurrency.

Cramer Finds Knee-Jerk Reaction ‘Stupid’

Cramer described the reaction as a “big freakout” that “never ends,” affecting stocks such as NVIDIA Corp. (NASDAQ:NVDA) and those related to cryptocurrency, quantum computing, and data centers.

“It is just stupid,” the "Mad Money" host said.

The big freakout–never ends. You get a strong number and Nvidia and crypto and quantum and rockets and data centers go down. It is just STUPID

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What Led To Initial Sell-Offs?

The post was made shortly after the data showed the U.S. economy grew 4.3% in the third quarter, well exceeding expectations of 3.3% and recording the fastest rate of expansion since the third quarter of 2023.

Typically, strong economic data reduces expectations for near-term Federal Reserve rate cuts, putting pressure on rate-sensitive assets such as stocks. According to the CME FedWatch tool, the odds of a 25 basis point cut in January fell from 19.9% to 14.4% in 24 hours.