Cramer’s Top Concern: “Apple’s My No. 1 Worry” as Nvidia Unveils Game-Changing AI Tech
Jim Cramer revealed his biggest market worry during Monday’s CNBC Investing Club “Morning Meeting,” stating that “Apple’s my No. 1 worry,” as the tech giant struggles with its AI development while Nvidia continues to innovate with new technology. The concerns follow a Bloomberg report detailing how Apple has spent billions on AI with limited results to show for its investment, according to CNBC.
The Apple situation was further complicated by a New York Times report that the Trump administration has expressed concerns about Apple’s partnership with Alibaba to deploy Apple Intelligence in China, adding another layer of complexity to the company’s AI aspirations.
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Apple’s AI Struggles Mount
Apple’s challenges with AI development have been well-documented over the past year. In March 2025, Apple indefinitely delayed the release of promised Siri upgrades that were meant to be part of its Apple Intelligence platform. According to CNBC’s previous reporting, the company was forced to push back several key AI features, including Siri’s ability to take action inside other apps and utilize personal context for more relevant responses.
The Bloomberg report highlighted on Monday’s show details how Apple has invested substantial resources in AI development but has fallen behind competitors like OpenAI’s ChatGPT, Google’s Gemini, and Microsoft’s various AI initiatives. The delays and setbacks have raised questions about Apple’s ability to compete effectively in the rapidly evolving AI landscape.
These struggles come at a particularly sensitive time for Apple as it navigates complex U.S.-China relations. The New York Times report suggesting the Trump administration is wary of Apple’s partnership with Alibaba for Apple Intelligence in China adds another potential obstacle to the company’s global AI strategy.
Nvidia Continues AI Dominance
In contrast to Apple’s struggles, Cramer noted that Nvidia continues to strengthen its position as an AI leader. During Monday’s program, he highlighted Nvidia’s rollout of new AI technology, specifically the “NVLink Fusion” program.
Bank of America analysts described NVLink Fusion as “the most important of Nvidia’s updates” as it allows for AI infrastructure to combine Nvidia processors with different CPUs and custom chips, according to the CNBC report. This breakthrough essentially allows Nvidia to remain at the center of AI computing ecosystems even when customers are using non-Nvidia components.
Nvidia CEO Jensen Huang delivered the keynote address at the Computex AI conference in Taipei on Sunday, where these innovations were announced. As CNBC reported, the new technology is aimed at “keeping the company at the center of artificial intelligence development and computing” by allowing partners to use non-Nvidia CPUs and GPUs together with Nvidia’s products.
Market Implications
Cramer’s concerns about Apple come amidst a broader market backdrop that includes Moody’s downgrade of the United States’ debt rating and ongoing questions about the sustainability of tech valuations. Despite these worries, Nvidia’s stock has been a major outperformer, gaining 16% last week after securing AI deals in the Middle East and benefiting from easing tensions between the U.S. and China.
Over the past few months, Cramer has adjusted his traditionally bullish stance on Apple, even retiring his famous “own it, don’t trade it” mantra for both Apple and Nvidia in April 2025. As he explained in a previous segment on CNBC: “When the facts change, I have to change my mind, lest be caught in some sort of homegrown dogma that will hurt us all.”
For investors watching these developments, the diverging fortunes of Apple and Nvidia in the AI race highlight the importance of flexibility in investment philosophy. While Cramer still maintains positions in both companies in his Charitable Trust portfolio, his growing concerns about Apple reflect the rapidly changing competitive landscape in tech.
Looking Forward
Despite his concerns, Cramer hasn’t abandoned Apple completely. The stock remains part of his Charitable Trust holdings, though he admits it’s become more challenging to own in the current environment. For investors following Cramer’s lead, the key takeaway seems to be increased caution around Apple while maintaining appreciation for Nvidia’s continued innovation.
As the AI race intensifies and global trade tensions fluctuate, the contrast between Apple’s struggles and Nvidia’s momentum serves as a reminder that even the most established tech giants must continually reinvent themselves to maintain their market positions.
Monday’s rapid-fire segment at the end of the Investing Club video also touched on Netflix, Reddit, and Shake Shack, reminding investors that beyond the Apple-Nvidia comparison, there are numerous other opportunities in today’s market landscape.
