Jim Cramer Warns of a 36% Market Drop & Reviews These 9 Key Stocks

4. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund holders: 223

NVIDIA Corporation (NASDAQ:NVDA) designs graphics processors and is a leader in artificial intelligence hardware. Cramer pointed out the company’s temporary exemption from tariffs due to its defense ties, but warned that tariff-driven costs could still weigh on demand, saying:

“But we have to get Jensen involved. How about the fact that he went 232 on the tariffs? That they decided that NVIDIA should be exempt from the tariffs because of defense. […] Well, NVIDIA at $87 reflects that. It reflects that there’s going to be a decline in orders because they’re selling it.”