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© 2026 Benzinga | All Rights Reserved
October 2, 2024 9:11 AM 2 min read

Cramer Says 'Hot Money' Flowing From Nvidia, Apple Into China, Focus On Alibaba 'If You Must'

by Surbhi Jain
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FlipboardIcon version of the Flipboard logo

Jim Cramer is sounding the alarm, but not in the way you might expect. For those bullish on Nvidia Corp (NASDAQ:NVDA) and Apple Inc (NASDAQ:AAPL), Cramer's latest take might be hard to swallow.

Hot Money Streaming Out Of Nvidia, Apple

In a tweet, Cramer said, “The hot money is streaming out of Nvidia and Apple and into China. Let it stream. Do not defend these now. Let this money leave. On China only BABA has actual fundamentals if you must… But let it rain here. Get all of these short Nvidia options and ETFs to play out.”

The reasoning? Cramer hints that Nvidia's sky-high valuations and Apple's post-iPhone slump might leave them vulnerable to short-term pain. If you’re holding Nvidia options or ETFs, Cramer believes you might want to ride the short wave.

Cramer’s suggestion is a subtle signal that a pullback could be looming, especially as investor sentiment shifts and valuations begin to look more stretched than a Friday-night binge-watch.

Read Also: Despite Nvidia Selloff, Biden’s Law and Taiwan Semi’s Advantage Offer Growth Potential

Only Alibaba Has Actual Fundamentals, Says Jim Cramer

Meanwhile, where should the more adventurous traders look? According to Cramer, only one Chinese juggernaut is worth considering amid the capital outflows into China: Alibaba Group Holdings Ltd (NYSE:BABA) (NYSE:BABAF).

If you must dip into the Chinese markets, BABA might be your best bet—just don't expect smooth sailing.

Cramer's latest recommendation suggests patience with Nvidia and Apple, letting short sellers have their moment, and keeping a cautious but interested eye on Alibaba's potential for a rebound.

Read Next:

  • Nasdaq Ends 1.5% Lower As Tesla, Nvidia, And Apple Fall: Investor Optimism Declines, Fear Index Remains In ‘Greed’ Zone
Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Posted In:
AsiaLong IdeasShort SellersShort IdeasTop StoriesMarketsTechTrading IdeasChinaExpert IdeasStories That Matter
BABA Logo
BABAAlibaba Group Holding Ltd
$135.00-0.95%
Overview
BABAF Logo
BABAFAlibaba Group Holding Ltd
$17.647.56%
NVDA Logo
NVDANVIDIA Corp
$184.30-0.93%
AAPD Logo
AAPDDirexion Daily AAPL Bear 1X ETF
$13.750.84%
AAPL Logo
AAPLApple Inc
$259.25-0.60%
BABX Logo
BABXGraniteShares 2x Long BABA Daily ETF
$29.20-1.39%
FXI Logo
FXIiShares China Large-Cap ETF
$36.22-0.49%
KWEB Logo
KWEBKraneShares CSI China Internet ETF
Not Available-%
MCHI Logo
MCHIiShares MSCI China ETF
$57.76-0.94%
NVD Logo
NVDGraniteShares 2x Short NVDA Daily ETF
$6.891.62%
NVDD Logo
NVDDDirexion Daily NVDA Bear 1X ETF
$38.350.74%

The GraniteShares 2x Short NVDA Daily ETF (NASDAQ:NVD) and the Direxion Daily NVDA Bear 1X Shares (NASDAQ:NVDD) are inverse ETFs positioned to gain on Nvidia stock’s underperformance. Investors in the Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) gain when Apple shares underperform.

The e-commerce giant, despite facing regulatory hurdles, is backed by solid fundamentals. The GraniteShares 2x Long BABA Daily ETF (NASDAQ:BABX) provides leveraged exposure to Alibaba shares. Other ETFs with substantial allocation to Alibaba shares in their portfolio include the iShares MSCI China ETF (NASDAQ:MCHI) (8.96% Alibaba stock), iShares China Large-Cap ETF (NYSE:FXI) (9.03% Alibaba stock) and the KraneShares CSI China Internet ETF (NYSE:KWEB) (11.05% allocation to Alibaba stock).

BABA Logo
BABAAlibaba Group Holding Ltd
$135.00-0.95%
Overview
BABAF Logo
BABAFAlibaba Group Holding Ltd
$17.647.56%
NVDA Logo
NVDANVIDIA Corp
$184.30-0.93%
AAPD Logo
AAPDDirexion Daily AAPL Bear 1X ETF
$13.750.84%
AAPL Logo
AAPLApple Inc
$259.25-0.60%
BABX Logo
BABXGraniteShares 2x Long BABA Daily ETF
$29.20-1.39%
FXI Logo
FXIiShares China Large-Cap ETF
$36.22-0.49%
KWEB Logo
KWEBKraneShares CSI China Internet ETF
Not Available-%
MCHI Logo
MCHIiShares MSCI China ETF
$57.76-0.94%
NVD Logo
NVDGraniteShares 2x Short NVDA Daily ETF
$6.891.62%
NVDD Logo
NVDDDirexion Daily NVDA Bear 1X ETF
$38.350.74%
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