"Or was today's sell-off just part of some sort of overall retest that we need to expect after an exuberant Monday?" "In all honesty, I think this market has become downright treacherous," Cramer said. "The best examples of [that] are Nvidia and Twitter." On Tuesday, shares of Nvidia tanked after the semiconductor manufacturer announced it would suspend testing of self-driving cars on public roads. Cramer also argued that Nvidia's move to halt the tests and vet its chips for potential problems was responsible. "By that point, the stock was already down more than 10 percent, and Left argued that Twitter's vulnerability was self-evident or else it wouldn't have gone down so much," he said. And even though Cramer has liked the stock of Twitter lately, he said it was proving to be fragile. We really need to get used to these wild swings that send stocks plunging after any major rally." Questions for Cramer? Mad Money Twitter - Jim Cramer Twitter - Facebook - Instagram - Vine Questions, comments, suggestions for the "Mad Money" website?
As stocks sold off dramatically into Tuesday’s close, CNBC’s Jim Cramer knew investors were asking themselves a critical question.
“Was yesterday’s rally an aberration, with today’s sell-off being the real deal continuation of last week?” the “Mad Money” host said. “Or was today’s sell-off just part of some sort of overall retest that we need to expect after an exuberant Monday?”
For Cramer, zooming in on the sell-off’s key contributors was the best way to get a handle on why the major averages halted their recovery.
On Tuesday, shares of Nvidia tanked after the semiconductor manufacturer announced it would suspend testing of self-driving cars on public roads.
The move was made in response to a fatal accident last week with an autonomous vehicle from Uber, one of Nvidia’s clients.
“The self-driving car is crucial to the next leg of tech because it uses so many semiconductors, but today’s reckoning really focused more on Nvidia than any other,” Cramer said, touting his upcoming Thursday interview with Nvidia CEO Jensen Huang.
“I have no doubt that self-driving cars will ultimately be adopted en masse, but there’s no denying this accident was a huge…