Jim Cramer, host of Mad Money, said that former President Donald Trump is trying to control big technology companies such as Nvidia and Apple. Trump’s recent trade orders and tariffs are causing problems for these companies. Cramer warned that the White House is getting more involved in corporate decisions. This adds new risks for people who own US stocks. The growing government influence could change how companies operate and how the stock market behaves.
The White House recently limited the export of advanced artificial intelligence chips to China because of national security concerns. This move has reduced Nvidia’s market share in China from 95% to about 50%. The company’s CEO called this policy a failure because it harms US interests more than Chinese ones. The restrictions also push China to speed up its own chip development. Experts say it might be safer for China to keep buying from Nvidia rather than becoming independent in chip production. Nvidia’s AI chips are key to the company’s future, so these limits have a big impact.
Apple moved some iPhone production from China to India to avoid tariffs. However, Trump announced that iPhones made outside the US will face a 25% tariff. This could make iPhones more expensive for American consumers. Apple has already created many jobs in the US, but that did not stop the tariffs. Companies can no longer count on working with the government to avoid penalties. Trump is changing the rules quickly, and businesses that try to adapt may still face punishment.
Cramer compared this situation to past times when the government stepped into business, such as during the 1940s and 1960s. But those cases had clear national interests. Today, the president is telling companies what to do and punishing those who do not follow. This approach is moving the US toward a more controlled economy, where the government has greater power over business decisions.
Wall Street is expecting quarterly earnings reports this week from companies like Nvidia, Costco, Dell, and Salesforce. Normally, these reports influence the market. But Cramer said that Trump’s social media posts might have a bigger effect on stock prices. The president’s tweets about trade partners and politics could create more market volatility. While some negative tweets were ignored recently, this calm may not last.
Investors should consider government interference as a risk when holding US stocks. Fewer companies are free from political influence, which can make investments less stable. The White House’s growing role is reshaping US technology markets and affecting global trade relations. As Trump continues to set new rules, companies and investors must stay ready for fast changes.
