Jim Cramer on NVIDIA: “I’m Owning It, I’m Not Trading It, But I Know It’s Going Lower”

NVIDIA Corporation (NASDAQ:NVDA) was among the stocks Jim Cramer highlighted, along with his latest game plan as the oil-shock-driven sell-off continues. Cramer called it the “once-loved, now-disliked” stock, as he commented:

Hey, oil’s down, stocks will be down, and they are. And it was another week when it paid to get out of anything in tech that used to be good. The stocks, the companies are still good, but not the stocks. They’re all bad now, including the once-loved, now-disliked NVIDIA… I’m owning it. I’m not trading it, but I know it’s going lower. I mean, look, people want… they want oil stocks. They don’t mind the soda stocks, any pharma stock, and I gotta tell you, they like the oil drillers. I mean, that’s really it. Tech, nothing, especially NVIDIA, especially the really despised Microsoft. These are two of the greatest performers of all time, and they haven’t been able to what we call catch a bid in what feels like ages. Until oil and interest rates, don’t forget those, stop going higher, it really doesn’t matter what those companies say or do. They are not going to get love from institutions and individuals, and I think they’re beginning to realize that.

Photo by Christian Wiediger on Unsplash

NVIDIA Corporation (NASDAQ:NVDA) develops accelerated computing and AI platforms, GPUs for gaming and professional use, cloud services, robotics and embedded systems, and automotive technologies.

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