Jim Cramer Called Nvidia "A Loser" and Shorted It. It's Up 1,400% Since Then.

In September 2022, the tech market was having a rough year. Nvidia had fallen from its highs and was trading around $12 (split-adjusted). Cramer, ever the contrarian when you least want him to be, went on CNBC and declared he was shorting the stock, dismissing it as "a loser." This was approximately 48 hours before the AI revolution kicked into high gear. ChatGPT launched two months later, and suddenly everyone needed Nvidia GPUs. The stock proceeded to do what stocks do when Jim Cramer shorts them: it went absolutely vertical. From $12 to nearly $200 — a 1,400%+ gain. If you'd taken the classic "Inverse Cramer" trade that day, you'd be measuring your returns in Lamborghinis by now. The Inverse Cramer ETF was literally created because of calls like this. It was later liquidated, but not before making its point.