Jim Cramer Talked About These 17 Stocks After The Fed’s Rate Cut

1. NVIDIA Corporation (NASDAQ:NVDA)  

Number of Hedge Fund Holders In Q3 2024: 193

NVIDIA Corporation (NASDAQ:NVDA) is the world’s leading GPU designer whose shares have been the biggest beneficiary of the AI wave. The firm’s GPUs are one-of-a-kind in terms of performance. Their edge has led to surging demand, which has led to rising prices and supply constraints. These problems have generated speculation that perhaps NVIDIA Corporation (NASDAQ:NVDA)’s market dominance is under threat from Broadcom and Marvel. However, Cramer doesn’t hold this view and wants investors to be prudent when making stock purchases. Here’s what he said:

“How about the fact that NVIDIA was up three and a half at 4am and there it is.

“You know when I talk about it at the club meeting, what I intend to say is, look it’s a great long-term stock, you have to see what Jensen Huang says on January 6th. Don’t buy these up moves. Yesterday people were buying it up three. You know Carl I hate these up moves. They’re just like three fire zones. Why would you do that? You’re hit by friendly fire on that one.”

NVDA is a stock Jim Cramer can’t talk enough about. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock.

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