Nvidia Corp. (NASDAQ: NVDA ) has had a bumpy month, with shares down nearly 6%, and CNBC host Jim Crameris questioning why bad news anywhere in tech seems to hit one of his favorite stocks first.
Nvidia Takes The First Hit
In a post on X, Cramer asked whether others had noticed that "anything negative in tech immediately crushes Nvidia."
Speaking on his show 'Mad Money' on Wednesday, Cramer said a handful of tech giants, Nvidia among them, have become so powerful that their influence extends far beyond their stock prices, likening them to "nation states."
Have yo noticed that anything negative in tech immediately crushes Nvidia?
— Jim Cramer (@jimcramer) October 28, 2026
AI Spending Worries
Nvidia's reach in AI has extended well beyond chips this year. Its latest quarterly report disclosed land, power and shell guarantees on select AI cloud partners' data center leases in the event of their default, and on Tuesday it said it will invest $3 billion in Meta Platforms Inc.'s roughly $37.5 billion equity offering.
That exposure shows in credit markets with the company's five-year credit default swap , the annual cost of insuring its debt against default, at 127 basis points on Tuesday, up 226% from 39 at the end of 2025. On Oct. 21, it edged above Meta's.
Nvidia is also exposed to CoreWeave Inc., whose shares have slumped this month, with higher borrowing costs weighing on a data center buildout funded largely with debt.
Nvidia bought $2 billion of its stock in January and agreed to buy any capacity it cannot sell through April 2032.
Share Performance
The stock is down 11.5% from its 52-week high of 243.37. So far this year, the stock is up 14.05% and has risen 7.14% over the past year.
Price Action: On Tuesday, shares fell 1.17% to close at $215.38 and lost 0.70% in extended trading to $213.87.
Benzinga Edge rankingsindicate Nvidia's stock has a Momentum score in the 67th percentile and a Growth score in the 98th percentile.
See More: Top Value Stocks
Disclaimer : This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo courtesy: katz / Shutterstock.com
Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market.
Get the latest stock analysis from Benzinga:
This article Nvidia Stock Has Dropped Nearly 6% in a Month; Now Jim Cramer Is Asking Why 'Anything Negative in Tech' Immediately Crushes NVDA originally appeared on Benzinga.com
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
