NVIDIA Corporation (NVDA) Shares Only Slightly Up Since Jim Cramer Recommended Owning Them

We recently published Jim Cramer’s Biggest Losers: 10 Stocks That Just Didn’t Work Out. NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks discussed by Jim Cramer.

NVIDIA Corporation (NASDAQ:NVDA) is one of Jim Cramer’s favorite stocks. The CNBC TV host has stuck with the firm despite its weak share price performance in 2026. Media reports have suggested that some of the stock’s troubles are due to macroeconomic factors. For instance, NVIDIA Corporation (NASDAQ:NVDA)’s shares closed 6.2% lower on June 5th. On that day, the payrolls repor for May showed that nonfarm payrolls jumped by 172,000, which was significantly higher than the consensus estimate of 80,000. NVIDIA Corporation (NASDAQ:NVDA)’s shares had lost 6.4% between April 28th and the 30th, with reports emerging on the 28th that AI giant OpenAI had missed its revenue estimates. As the year started, Cramer asserted that the stock was worth owning:

NVIDIA Corporation (NVDA)Shares Only Slightly Up Since Jim Cramer Recommended Owning Them

Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine. Computer Chip Manufacturing at Fab. Semiconductor Packaging Process.

“But I would say that NVIDIA is the one to watch because it’s been underperforming in the last month and it’s going to come fast out of the gate. And I think this revolutionary speech, that I expect Jensen to give tonight, is going to quantify why accelerated computing is often left out of the equation.

“You gotta own that, it doesn’t reflect that. I think it’s going to have a great first quarter, the price-to-earnings multiple is going to shrink when you actually see the numbers. . .”

While we acknowledge the risk and potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NVDA and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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