5 Best Jim Cramer Stocks To Buy According to Billionaires

4. NVIDIA Corp (NASDAQ:NVDA)

Number of Billionaire Investors: 29

Cramer has been praising NVIDIA Corp (NASDAQ:NVDA) due to its AI-fueled rally and long-term growth prospects. Cramer was excited about NVIDIA Corp’s (NASDAQ:NVDA) release of its latest chip H200 and said this is “the one everyone’s been waiting for.”

Cramer’s Charitable Trust has a stake in NVIDIA Corp (NASDAQ:NVDA), according to CNBC.

Billionaires are also piling into NVIDIA Corp (NASDAQ:NVDA) shares this year. Insider Monkey’s proprietary database shows that 29 billionaires had stakes in NVIDIA Corp (NASDAQ:NVDA). The biggest stakeholder of NVIDIA Corp (NASDAQ:NVDA) was Rajiv Jain’s GQG Partners which owns a $6.1 billion stake in NVIDIA Corp (NASDAQ:NVDA).

Here is what White Brook Capital has to say about NVIDIA Corporation (NASDAQ:NVDA) in its Q3 2023 investor letter:

“The magnificent seven, that underpin the S&P 500 performance, which includes NVIDIA Corporation (NASDAQ:NVDA), now comprise almost 30% of the market capitalization of the S&P500. At least three of the seven stocks have heightened downside risk and suffer from already high penetration, weakening end markets, competitive risk, and lofty valuation. They have been remarkably resilient to increased interest rates and the potential for slowing growth. Small and midcap stocks, on the other hand, have been systemically penalized by fears of recession and continue to price that eventuality even as significantly better outcomes have become more probable. Today, it’s relatively easy to find attractive investments in this segment.”