Jim Cramer touted the potential of SVB Financial back in February. His words did not age well, and he has been skewered on social media by major accounts.
CNBC's Jim Cramer defended the potential of Silicon Valley Bank mere weeks before the institution had a collapse of historic proportions.
"The ninth-best performer here today is SVB financial. Don’t yawn," he told his viewers on Feb. 8."This company is a merchant bank with a deposit base that Wall Street has been mistakenly concerned about!"SILICON VALLEY BANK SHUT DOWN BY REGULATORS "Jim Cramer was advising people to invest in SIVB just one month ago. It was quite possibly the worst possible investment," commentator David"JoelKatz" Schwartz tweeted. stumbling up the steps of Air Force One," NewsBusters wrote.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CNBC’s Jim Cramer urged viewers to buy Silicon Valley Bank stock last month“The ninth best performer to date has been SVB Financial. Don’t yawn,” Cramer told viewers during a Feb. 8 episode of “Mad Money.”
Read more »
Silicon Valley Bank spooks Silicon ValleySilicon Valley Bank, long one of the most popular financial institutions among tech and life sciences startups, saw its shares fall more than 60% on Thursday, wiping out a whopping $9.4 billion in market value.
Read more »
Column: The Silicon Valley Bank collapse is Silicon Valley's problem, not yours'Based on the information that has been made public, the bank unwisely put its eggs in one basket by taking deposits from an insular group of depositors: venture-funded startups.' Column by hiltzikm:
Read more »
Keep an eye on banks, economic data, Jim Cramer saysEconomic data over the coming weeks could have a big impact on bank and tech stocks, Jim Cramer said.
Read more »
SVB’s failure could be the thing that keeps the Fed from wrecking the economy, Cramer saysSilicon Valley Bank's collapse was due to a failure to communicate and the Federal Reserve's rate hikes, Jim Cramer argued.
Read more »
CNBC Daily Open: Everyone's anxious about Friday's jobs reportTwo jobs reports released yesterday showed the labor market remaining stubbornly robust. But layoffs rose and wage growth decelerated.
Read more »