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Jim Cramer Calls Nvidia A 'Meme Stock' That Needs To Be Trimmed: 'You Can't Own It Like You Used To' - NVIDIA (NASDAQ:NVDA)

1. Cramer warns NVDA may be turning into a meme stock. 2. Company faces a $5.5 billion earnings hit from U.S. restrictions. 3. Cramer advised trimming stock holdings due to changing market conditions. 4. Analysts express mixed views on the export restrictions' impact. 5. Chinese chipmakers could benefit from NVDA's market challenges.

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FAQ

Why Bearish?

The significant earnings hit due to export restrictions raises concerns about NVDA's revenue. Historical examples, such as similar issues faced by Huawei, show prolonged impacts.

How important is it?

Cramer's status influences investor behavior significantly, alongside substantial earnings repercussions from geopolitical factors.

Why Short Term?

Immediate earnings impacts from export restrictions are likely to affect investor sentiment quickly, as seen in past semiconductor export issues.

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