Nvidia Can't Lose in Arm Deal
If it goes through, Cramer says, the Santa Clara, Calif., chipmaker sharply broadens its offerings. If it does not, it would be saving a bunch of money -- $40 billion.
Shares of Nvidia were falling Wednesday following a report that said the U.K. was considering blocking Nvidia's acquisition of Arm Ltd. due to potential risks to national security.
An assessment of the $40 billion acquisition contains worrying implications for national security and the U.K. is currently inclined to reject the takeover, Bloomberg reported, citing a person familiar with government discussions.
"If the deal doesn't get done, I get it and I can accept it," Cramer said from the floor of the New York Stock Exchange.
AMD Is Officially a Meme Stock
Advanced Micro Devices (AMD) - Get Free Report isn't normally considered a meme stock, but the company's 6% jump Wednesday, and the stock's more than 25% jump over the past four weeks, puts the chipmaker squarely in the meme category.
"AMD is now a meme stock. The memesters try to find stocks that are heavily shorted and bust the people who short it," Cramer said.