Popular TV personality Jim Cramer criticized the panic in high-growth sectors like AI and cryptocurrency due to strong economic data, calling it a “big freakout.” Stocks like NVIDIA Corp. were affected. The U.S. economy grew 4.3% in Q3, surpassing expectations, impacting Federal Reserve rate cut expectations and stocks.

Following the economic data release, stocks like NVIDIA Corp. reacted negatively, but later recovered. Leading cryptocurrency names like Coinbase and Strategy Inc. closed in the red due to Bitcoin volatility. Nvidia shares also dipped in pre-market session when Q2 GDP exceeded expectations in August.

Read more at Yahoo Finance: Jim Cramer Slams ‘Big Freakout’ Selling In Nvidia, AI, Crypto Stocks After Strong GDP Print: ‘It Is Just Stupid’