Jim Cramer calls Nvidia stock a ‘shortsellers paradise'

Core Viewpoint - Jim Cramer has referred to Nvidia stock as a 'shortsellers paradise' due to the appearance of a death cross chart pattern, indicating potential downward price movement [2][4]. Price Action and Market Sentiment - On March 21, Nvidia stock closed at $117.70, and by March 24, it had increased by 2.11% to $120.19, with year-to-date losses at 10.50% [5]. - The short volume ratio for Nvidia stock rose above 50 on March 13 but fell to 44.25 on March 21, suggesting that short-sellers may be losing momentum [6][8]. Short Interest and Market Manipulation - Cramer claims that options contracts and inverse ETFs are being used to manipulate Nvidia's stock price downward, requiring less than $10 million in capital to do so [3][4]. - Despite the death cross pattern, which historically led to a 47% loss over six months, the current pre-market activity indicates that this pattern could be invalidated soon [8]. Analyst Sentiment - Nvidia is still viewed as a consensus 'buy' by Wall Street analysts, with positive revisions following the company's GPU Technology Conference [9].