CNBC's Jim Cramer has strongly criticized investors who are selling shares of Apple based on recent reports about the iPhone 18. Cramer described such investors as 'stupid as plywood,' emphasizing his belief in the company's long-term value. His comments came during a segment where he discussed market reactions to speculative news.
The host highlighted Apple's track record of innovation and market leadership, suggesting that short-term fluctuations based on unconfirmed reports are misguided. Cramer's remarks reflect his broader philosophy of investing in established, resilient companies rather than reacting to every piece of news.
This is not the first time Cramer has defended Apple against market skepticism. He has frequently advocated for the tech giant, citing its strong brand loyalty and robust product pipeline. His latest comments underscore his confidence in Apple's ability to weather speculative headlines.