Jim Cramer Slams 'Big Freakout' Selling In Nvidia, AI, Crypto Stocks After Strong GDP Print: 'It Is Just Stupid'

Jim Cramer criticized the market's "big freakout" reaction to strong U.S. GDP growth, which led to panic selling in high-growth sectors like AI and cryptocurrency. He called the reaction "stupid," noting that stocks like NVIDIA and crypto-related assets were affected. The U.S. economy grew 4.3% in Q3, exceeding expectations, which reduced the likelihood of near-term Fed rate cuts, impacting rate-sensitive stocks. Despite initial sell-offs, some stocks recovered, while others, like Coinbase, remained volatile due to Bitcoin fluctuations.