Jim Cramer Discusses the Sell-Off in Apple Stock Before SpaceX IPO

Apple Inc. (NASDAQ:AAPL) was among the stocks Jim Cramer highlighted during Mad Money, as he noted the rotation into defensive sectors. Cramer highlighted one of the reasons the stock is getting sold, as he stated:

Whatever you do, don’t take the selling in the stocks of Apple or NVIDIA personally. I bet most of that selling is from people who think they might get some SpaceX, so they need to be able to pay for it. These two stocks have become huge sources of funds for all the new deals. People feel better about taking gains than losses. For now, they’re simply donors to the SpaceX cause. Understand, I’m not speaking ill of either stock. The opposite, I’m in explain mode here. I love Apple and NVIDIA, own them, don’t trade them.

I’m simply saying that this is what happens in the run-up to a gigantic IPO. And you know, I’ve been telling you to beware of this oversupply problem for months now. Apple and NVIDIA are readily available for sale, and they’re too juicy for some of these sellers to pass up, even as a lot of the money raised by SpaceX or Anthropic or OpenAI will probably end up buying NVIDIA equipment. Meanwhile, Apple’s spending next to nothing on AI because they have a deal with Alphabet, and it’s a great deal. The same deal that makes Google your default search engine now extends to Gemini.

Apple Inc. (NASDAQ:AAPL) manufactures and sells devices such as the iPhone, Mac, iPad, along with its line-up of wearables and accessories. The devices are supported by the company’s app ecosystem, AppleCare, and cloud tools.

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