Jim Cramer Says "Once again, I Say Own NVIDIA, Don't Trade It"

NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer recently discussed. Cramer showed his optimistic stance on the company during the episode. The Mad Money host remarked:

“Finally, let’s be careful not to paint with too broad a brush here. For example, NVIDIA got clobbered… last month on worries about newfound competition. Remember, it’s also part of the so-called OpenAI complex. But let’s not forget that NVIDIA just reported a blowout set of numbers less than two weeks ago with excellent guidance for the current quarter. And broader market dynamics notwithstanding, NVIDIA is still essentially sold out for its latest generation of chips. Demand for these things will far exceed supply. And don’t forget what happened today when they announced the deal with Synopsys. Until everything changes or until the company stops being the average, the industry standard bearer for AI developers, you know, I got a real hard time getting too negative on Jensen Huang’s company. You know that. Once again, I say own NVIDIA, don’t trade it. That is my takeaway.”

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.

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