Jim Cramer on NVIDIA: "It's Meant to Be Owned, Not Traded"

NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer shared his thoughts on. Cramer emphasized owning and not trading the stock, as he said:

“What about the amazing secular growth stocks that I talk about, the ones that are supposed to do well regardless of the economy? What do you do with those? Well, those you shouldn’t trade. A tremendous grower requires a tough as nails attitude where the trick is to sit on your hands and do nothing when they go higher… You know that I always say own NVIDIA, don’t trade it. Now, sometimes, like right now, it’s difficult because the stock appears stuck in a rut. Other times, it’s bountiful. But NVIDIA’s a stock that’s not meant to be schnitzeled. It’s meant to be owned, not traded.

Long term, I don’t love most cyclical stocks. We own what I think are the best of them for the Charitable Trust, but I accept that they should be traded around because they’re hostage to the broader economy. But when you find some amazing secular growth stories, stocks that go higher without a strong economy, you want to be the holder, not the trader. You want to make the dollars, leave the pennies to the traders. With the best, it never changes. And if you don’t obey my rule, you’ll never see the greatness of what a hero stock can do for you, and of course, your bank account.”

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.