There has been no shortage of volatility for the US stock market throughout the first five months of 2025. Amid the run, Apple (AAPL) stock has been increasingly affected. This led Jim Cramer to say that, when it comes to Apple, short sellers are running US President Donald Trump’s stock market this year.
The iPhone developer has struggled to find any kind of momentum throughout the year, aligning with much of its Magnificent 7 peers. In his breakdown of the current situation, Cramer discusses how short sellers have been in the driver’s seat with increased uncertainty as the name of the game.

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Jim Cramer Talks Apple Stock & Thriving Short Sellers in Trump Stock Market
The US stock market was more of the same in a convoluted Wednesday trading session. Stocks rose on the whole, but weak jobs data had capped those gains. Altogether, it provided a microcosmic window into how Wall Street has behaved for much of the year.
That doesn’t appear to be changing any time soon, according to experts. Among them is Jim Cramer, who recently said that when it comes to companies like Apple, short sellers are running Trump’s stock market in 2025.

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Speaking on CNBC’s Mad Money, Cramer noted that Trump’s stance has made investments a difficult proposition this year. Specifically, his tariff policies and global economic approach have “continually confounded traders and investors alike.”
This has increasingly come into play for Apple, who has been at the forefront of those affected by the tariff plans. Cramer noted that the development has “almost single-handedly revived the short-selling business,” with hedge funds leaning on shorting companies.
The reality has given these short sellers “a lot of firepower and conviction,” with increased uncertainty leaving many of them unable to truly lose. This has been a big reason why Apple has fallen more than 16% over the last six months. Moreover, it is in danger of falling below the $200 mark if a turnaround doesn’t take place soon.