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.
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.
While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
