Jim Cramer Warns Investors: Steer Clear of Apple and Nvidia Stocks Now

Jim Cramer just dropped a bombshell on Wall Street—telling investors to avoid two of the market's biggest darlings. The CNBC host's latest call puts Apple and Nvidia squarely in the penalty box.

Why the sudden bearish turn?

Cramer's warning cuts against the grain of mainstream analyst optimism. While Wall Street firms keep hiking price targets, he's flashing the caution signal—suggesting the rally might be running on fumes.

The timing couldn't be more provocative. Both stocks have been market leaders for years, powering portfolios and ETF returns. Now one of finance's most vocal personalities is telling investors to look elsewhere.

Remember when Cramer famously told viewers to sell Bear Stearns weeks before its collapse? This latest call carries similar contrarian weight—though with considerably less catastrophic potential.

Market psychology at play

When a personality with Cramer's reach speaks, markets listen. His inverse reputation among some traders—the 'Cramer curse'—adds another layer to the analysis. Will this warning become a self-fulfilling prophecy or just another talking head miss?

The bigger picture: sometimes the most crowded trades become the most dangerous. And right now, according to Cramer, everyone's favorite tech stocks might be just that.

Final thought: in a world where financial advice often comes with hidden fees and conflicted interests, at least Cramer's warnings are free—even if following them has historically been, well, expensive.

Money rotates away from Apple and Nvidia

In this setup, Jim said cash is rotating hard into overlooked names. Data storage stocks are near the front of that line. He said companies tied to storage have posted massive gains while former leaders stall. Apple and Nvidia sit in that second group. Their stocks have not lifted, even though their operations remain strong.

Jim rejected the idea that either stock is finished. He said both companies are still running well. The problem is positioning. Investors are selling winners from earlier cycles and using that money to buy new stories. Apple and Nvidia have become funding sources rather than momentum trades.

Jim also pointed to what is ahead. Next week brings the JPMorgan Healthcare Conference. He said he plans to speak with about a dozen drug company executives during the event. He said the conference has a long record of sparking deals. He expects merger and acquisition headlines to start rolling once executives get in the same rooms.

On the data side, Jim said Tuesday’s December consumer price index matters more than employment. He said signs from forward holiday spending look strong. That suggests inflation may stay sticky. He said this sets up pressure between a president trying to rein in prices and consumers who already took the hit from higher costs.

Earnings, inflation, and Micron drive the next trade

Earnings season also begins Tuesday with JPMorgan Chase. Jim said he expects a strong quarter but warned about tone. He said Jamie Dimon often stresses risks on calls. That approach has pushed the stock lower before. His plan is simple. If cautious language knocks the shares down, he wants to buy the dip.

Later in the week, Jim said Delta Air Lines should post solid results. He also said banks may lead early in earnings season. He pointed to Citigroup as a possible standout.

Jim also mentioned Wells Fargo, Bank of America, Goldman Sachs, and Morgan Stanley as names he continues to watch. He added that BlackRock could deliver strong numbers, though expectations already sit high.

On tech, Jim said he is focused on Taiwan Semiconductor Manufacturing Company. He said its report could finally force sellers out of Nvidia. Until then, he said money keeps flowing into storage and equipment stocks like Western Digital, SanDisk, Micron, Seagate, and Applied Materials.

He also flagged transport stocks. Jim said a good report from J.B. Hunt WOULD support his positive view on FedEx. By Friday, with PNC closing out bank earnings, he said investors should understand the tone for the rest of the season.

Jimmy also explained why Micron keeps outperforming. “It’s because NVIDIA went and bought a huge amount of high‑bandwidth memory. They cornered a lot of it. That’s why Micron goes up constantly. We are not building it fast enough,” he said.

Analysts backed that view early in 2026. Bernstein raised Micron Technology’s price target to $330 from $270 and kept an Outperform rating. Micron also said it plans to boost spending. The company now expects $20 billion in capital spending for fiscal 2026, up from an earlier $18 billion forecast.

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