NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks that Jim Cramer weighed in on. Cramer mentioned the stock in light of evolving investment strategies, as he said:
“What is the solution to this? Look, in my forthcoming book, How to Make Money in Any Market, I have banished my antiparabola bias. I have a method I reveal of picking five stocks to go alongside an index fund with some money added each month. I state point blank that if you are in your 30s or older, you should own one speculative situation like an Oklo, okay, or a Joby. Just one. It could fail you after going parabolic. Moreover, if you’re under 30, you can pick two speculative names out of five because you’ve got enough time to make back any potential losses.
Now, you may think I’m reckless for endorsing any of these even with caveats, but it’s time to admit that for many years now, speculative stocks with great growth, they’ve worked. Oh, and let’s not forget, they don’t have to stay speculative. NVIDIA stock has had many parabolic moves, including the one that started in April. To keep yourself out of these runs because of a principle that stopped working ages ago, that’s to be blind to change, and I don’t like it. I don’t want to be that way.”
NVIDIA-Endeavor-building-logo Courtesy of NVDA
NVIDIA Corporation (NASDAQ:NVDA) provides advanced computing, graphics, and AI solutions across sectors like gaming, data centers, and automotive. The company’s products include GPUs, cloud services, and AI platforms.
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Disclosure: None. This article is originally published at Insider Monkey.