Jim Cramer Says “An All-Powerful Stock Like NVIDIA Has Started to Blind People All Over the Place”

NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks on Jim Cramer’s radar recently. Cramer called it an “all-powerful stock,” as he commented:

“Look, last time it dawned on me, you can let one stock, in this case NVIDIA, define the entire market, even if you like it as much as I do, or you can let hundreds of stocks be your teachers. Now, on a day where the Dow edged up 47 points, S&P advanced 0.38%, Nasdaq gained 0.59%, we can indeed decide all that matters is NVIDIA, which reported what looked to be outstanding numbers after the bell…

I am telling you that you need to go looking for opportunities because an all-powerful stock like NVIDIA has started to blind people all over the place. Not me. You know how long I’ve liked it. As I always say, own NVIDIA, don’t trade it… But it can’t be the only thing we focus on. Okay, so obviously NVIDIA just reported a terrific quarter with a 5-cent earnings beat off a $1.25 basis, a monster revenue beat. Even better, their AI business crushed the estimates, and management says they’re on track to do $65 billion in revenue this quarter. Wall Street was only looking for $62 billion.”

Photo by Javier Esteban 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.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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