Jim Cramer Calls NVIDIA a "Fabulous" Company

NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer offered insights on. Cramer mentioned the company while discussing two of his “favorite” stocks. He remarked:

“The rest of tech took its cue from Micron and broke the recent downtrend, even though the supply-demand situation for most of these companies, quite different from Micron. For instance, let’s say two of my favorites, Broadcom and NVIDIA, both of which are up today. They simply do not have the same situation at all… NVIDIA and Broadcom are what’s known as fabulous companies. They make their chips through Taiwan Semi. That’s who actually does the manufacturing. If demand overwhelms supply, it’s Taiwan Semi’s problem. That’s why even though Micron’s crying about demand, it doesn’t exactly translate to Broadcom and NVIDIA, unlike Western Digital and Seagate, which are basically in the same kind of business as Micron, albeit with less intellectual property.”

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. Cramer discussed the stock during the December 15 episode and said:

“Understand, I’m not trying to say that tech stocks can’t be owned here. We own a bunch of them for the Charitable Trust, we always have, along with NVIDIA and Broadcom. I really like them. I’m just a lot less enthusiastic than I used to be because there’s competition all over the place, and they’re spending like crazy, and the stocks have still had big moves.”

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