Jim Cramer Says He Is Not Changing His “Own NVIDIA, Don’t Trade It” View

NVIDIA Corporation (NASDAQ:NVDA) was among the stocks Jim Cramer discussed during Mad Money, as he highlighted a difficult backdrop for stocks. Cramer called it the “most important” stock of the market, as he stated:

All these countries are buying NVIDIA’s wares too, and they’re not looking for a quick return. Right now, they’re 14% of the business. That could rapidly become much bigger, and that number doesn’t include what’s in the pipe. I think that number will be substantially higher this time next year, enough to allay the fears that some hyperscalers just don’t want NVIDIA at all…

Are the chips expensive? Can they generate a good payback? I guess it depends on who you ask, but real countries are buying these chips in droves for their sovereign AI programs, and that alone will lessen NVIDIA’s dependence on a handful of major hyperscalers. I’m not changing my view; I still say, own NVIDIA, don’t trade it. But with the upcoming wave of mega IPOs, it’s going to be tough for anything tech to stand out in the near term, even a company as tremendous as NVIDIA, which is the most important stock in this entire market.

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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