Jim Cramer Reiterates “You Need to Own NVIDIA, Not Trade It”

NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer recently offered insights on. Cramer highlighted the company’s solid set of numbers during the episode. He remarked:

“Case in point, the biggest stock in the world, NVIDIA. Last night, NVIDIA reported one of the best quarters I have ever seen. Ahead of the report, there was tremendous angst that somehow they would blow it. They’d print a subpar set of numbers, and the stock would blow up. Instead, what happened? NVIDIA reported an astonishing sales number, earnings number, gross margin number, customers, fantastic. And what happened? The stock blew up anyway, but not before it soared higher both last night and this morning. NVIDIA stock opened at $195. That was up about eight from yesterday, but then closed at $180, a hideous swing… I think you need to own NVIDIA, not trade it, but I understand the pain.”

NVIDIA Corporation (NASDAQ:NVDA) develops graphics, computing, and AI solutions for gaming, data centers, professional visualization, and automotive applications.

While we acknowledge the risk and potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NVDA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.