Jim Cramer Weighs in on Tech Stocks Like NVIDIA

NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer recently discussed. Cramer noted that he likes the stock, as he commented:

“Understand, I’m not trying to say that tech stocks can’t be owned here. We own a bunch of them for the Charitable Trust, we always have, along with NVIDIA and Broadcom. I really like them. I’m just a lot less enthusiastic than I used to be because there’s competition all over the place, and they’re spending like crazy, and the stocks have still had big moves.”

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. During the December 12 episode, Cramer said that he is not moving away from his “own it, don’t trade it” advice on the stock. He remarked:

“No matter what, though, I still believe in AI as the fourth industrial revolution, and I think most of these stocks will be worth buying once their valuations come down to less lofty levels. And of course, I’m including NVIDIA, which people ask me about all the time. And I say the same thing. I say, own it, don’t trade it. I’m not changing my tune.”

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