Jim Cramer’s 5 Stocks: Intel, Apple, and the Market’s Biggest Threat

3. NVIDIA Corporation (NASDAQ:NVDA)

NVIDIA Corporation (NASDAQ:NVDA) was among the stocks Jim Cramer covered on Mad Money as he discussed the wave of IPOs being the market’s possible biggest threat. Expressing bullishness on the company, Cramer said:

One thing’s certain, though, seemingly out of nowhere, we’re seeing a tremendous level of interest in NVIDIA, which doesn’t even report this week. It’s enough to make you write off all the stories we’ve heard about how Amazon and Google have their own competing chips that will eat NVIDIA alive. Although I have to tell you, I think their competing chips are terrific. I saw this NVIDIA explosion start on Friday when the stock finished up more than eight bucks. I noticed there had been multiple sellers… and once they were cleaned out, this thing went up like a rocket ship. There was no stock supply, none. There were no sellers.

It happened again today. Lots of buyers, no sellers… So the buyers took the… stock all the way up to $216, up $8. What an incredible move for the biggest stock in this market. Now, NVIDIA’s been a late bloomer here in part because so many big accounts already owned it, but I guess enough firms didn’t that it could still have such a rapid jaunt. You know me, I say NVIDIA, don’t trade it, own it… I fully expect NVIDIA will be at the heart of all, of everything that comes in, and the long knives that have been out for it for so long, they’re gone.

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.