Jim Cramer claims Nvidia stock is ‘manipulated' – Is he right?

Core Viewpoint - Jim Cramer has raised concerns about the manipulation of Nvidia's stock price, particularly in the pre-market sessions leading up to significant events like the GPU Technology Conference (GTC) [1][2][3] Group 1: Stock Performance - Nvidia's stock has experienced a notable decline, falling 22.27% from its all-time high (ATH) of $153.13 achieved on January 6, 2025, to a current price of $119.03 [5] - Year-to-date, Nvidia shares are down 11.36%, indicating a struggle to maintain positive momentum in 2025 [5] Group 2: Market Dynamics - Cramer highlighted that the stock price of Nvidia was artificially inflated in the pre-market on minimal capital, suggesting that it does not require significant investment to influence the price of a multi-trillion dollar company [2][3] - The volume of trades during extended sessions is significantly lower than during regular trading hours, which means that individual trades can have a disproportionate effect on stock prices [3][4] Group 3: External Factors - The decline in Nvidia's stock can be attributed to various factors, including increased competition from China, the ongoing trade war, a general loss of confidence in the U.S. economy, valuation concerns, and issues related to the launch of new products [6]