NVIDIA Corporation (NASDAQ:NVDA) is one of them Stocks Recently Discussed by Jim Cramer. Cramer noted that he likes the stock, commenting:
“Understand, I’m not trying to say tech stocks can’t be owned here. We own a lot of tech stocks for charitable trusts, we always have, and Nvidia and Broadcom. I really like them. I’m just less enthusiastic than I used to be because there’s competition everywhere and they’re spending money like crazy and the stocks still have big swings.”
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NVIDIA Corporation (Nasdaq: NVDA) develops accelerated computing and artificial intelligence platforms, gaming and professional GPUs, cloud services, robotics and embedded systems, and automotive technology. On the Dec. 12 show, Cramer said he would not abandon his “own it, don’t trade it” recommendation for the stock. He said:
“But no matter what, I still believe that artificial intelligence is the fourth industrial revolution, and I think most of these stocks are worth buying once valuations come down to lower levels. Of course, I also include Nvidia, people have been asking me about it. I said the same thing. I said, own it, don’t trade it. I will not change my attitude.”
While we acknowledge NVDA’s potential as an investment, we believe certain AI stocks offer greater upside potential and less downside risk. If you’re looking for an extremely undervalued AI stock that would also benefit greatly from Trump-era tariffs and homegrown trends, see our free report on AI stocks Best Short-Term Artificial Intelligence Stocks.
Read next: 30 stocks that will double in 3 years and 11 Hidden Artificial Intelligence Stocks to Buy Right Now.
Disclosure: None. This article was originally published on Insider Monkey.
