Is NVIDIA (NVDA) still the best stock to buy? Jim Cramer says yes, and he highlights two key areas why. Despite recent market volatility and a pullback in Nvidia Corp (NASDAQ:NVDA) shares, Cramer remains bullish. Find out why experts, including Jim Cramer on CNBC, believe Nvidia NVDA is a foundational investment in the AI and semiconductor trade.
Jim Cramer's Enduring Faith in NVIDIA (NVDA)
The CNBC host, Jim Cramer, has consistently championed NVIDIA. He recently revisited the AI and semiconductor trade with his co-host, and NVIDIA Corporation (NASDAQ:NVDA) was brought up. Despite acknowledging that some AI stocks might offer higher short-term returns, Jim Cramer’s NVDA stock commentary presents Nvidia as a reliable, long-term player. Cramer even taunted the stock’s naysayers saying NVDA bears seem to be eating their words.
Cramer's Two Key Reasons: NVIDIA Still Reigns
According to Jim Cramer, NVIDIA (NVDA) is still the best stock to buy in two key areas. What are they? While specifics are proprietary to his Club stocks, Cramer is deeply passionate about the company's long-term prospects, recently delivering an extended tribute to the chipmaker. He believes that NVIDIA is positioned to capitalize on the burgeoning AI market. Cramer highlighted two Club stocks as buys Tuesday including custom AI chipmaker Broadcom , further showcasing the demand for AI-related semiconductor companies.
From Critic to Champion: Cramer's NVIDIA Evolution
It's important to remember that Cramer's view on Nvidia hasn't always been positive. On Septem, he advised investors to short Nvidia, branding it a “loser” when the stock was trading at $21.90 (split-adjusted). Since then, Nvidia has soared to impressive heights, prompting a significant change in his perspective. This transformation further emphasizes the massive growth and potential he now sees in the company.
NVIDIA's Future: More Than Just a Bump?
Jim Cramer said in a latest program on CNBC that investors were expecting a bump in NVIDIA Corporation (NASDAQ:NVDA) shares when the GTC started, but the stock performance shows that NVIDIA is a player for the long term. We recently published a list of Jim Cramer’s Game Plan: 12 Stocks in Focus. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands.
Whether you're a seasoned investor or just starting, keep an eye on NVIDIA (NVDA). Jim Cramer's unwavering belief, combined with the company's leadership in the AI and semiconductor space, makes it a compelling stock to watch.