Jim Cramer Says You're Going To "Lose Some Money" With NVIDIA Corporation (NVDA)

We recently published 10 Latest Stocks Jim Cramer Discussed Amidst Market Uncertainty. NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer recently discussed.

NVIDIA Corporation (NASDAQ:NVDA)’s shares haven’t performed well since the firm reported its second quarter earnings last week. The stock is down by close to 6% since the earnings, as investors take a pause from their AI euphoria. However, Cramer has continued to defend the firm, and in these remarks, he dismissed reports claiming that the firm could face AI chip competition from Chinese companies:

“We know that NVIDIA’s weaker. We know that NVIDIA’s the bellwether, it’s now down a lot from where it came, from where it reported. I’m just saying don’t panic, don’t panic. This too shall pass but you’re going have to lose some money.

“And I think that NVIDIA is now dragging the, the long knives again. I mean how many times do I have to read that there’s some Chinese outfit that is catching up to NVIDIA. Go. Read. The. Transcript. It’s really hard to catch up with NVIDIA. They do a lot of things right. Others don’t.”

Cramer discussed NVIDIA Corporation (NASDAQ:NVDA) in detail after the firm’s earnings, and part of his remarks shared faith in the firm’s management:

“And as I said on Twitter, go ahead, sell it and go buy some T-Bills. Please, please buy T-Bills. I want you out of this darn stock.

“But I’m just trying to say, you’re either skeptical, that Collette Kress, one of the great CFOs, is not necessarily being as, you know is painting a very rosy picture of sales. Or you can say, as I do, as someone who, needless to say, liked the stock early, maintaining my faith in the company and I’m saying, own it, don’t trade it.”

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