Nvidia (NVDA) shares are surging on the heels of a significant price target raise by Evercore ISI, citing tailwinds from artificial intelligence.
But TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said the stock had been kept lower amid news that China was shutting down its bitcoin exchanges.
Watch all of Jim Cramer's latest videos, right here:
- Uber is the Enemy of Alphabet, Jim Cramer Says
- Carnival and Royal Caribbean CEOs are Resourceful, Jim Cramer Says
- Jim Cramer Reacts to Oracle's Quarterly Results