Uber Stock Dips Following Jim Cramer’s Bullish Prediction

Jim Cramer's endorsement of Uber Technologies during CNBC's Mad Money segment backfired immediately, with shares dropping 3.4% after his call. The stock fell from $89.94 to $86.91 within hours of his prediction that Uber WOULD more than double to $200.

This episode reinforces the so-called 'Inverse Cramer' phenomenon, where market participants increasingly view the commentator's predictions as contrarian indicators. The timing proved particularly ironic—Uber's decline began precisely as Cramer urged investors to buy.

While the segment focused on traditional equities, cryptocurrency traders noted the event as a cautionary tale about celebrity analyst influence. The rapid market reaction demonstrates how even non-crypto assets can exhibit meme-stock volatility when subjected to high-profile speculation.