Jim Cramer Discussed These 11 Stocks Before The DeepSeek Sell-Off

4. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders In Q3 2024: 193

Not a show goes by without Cramer talking about NVIDIA Corporation (NASDAQ:NVDA). This time around, he commented on the firm on Friday, which was the last day before the DeepSeek sell-off. During the day, Cramer discussed reports that technology stock valuations were overstretched. For that day’s specific moves, the host pointed at other sectors, such as healthcare, that were doing well and contributing to strong index performance. Naturally, and in eerie foreboding, he commented on NVIDIA Corporation (NASDAQ:NVDA)’s overstretched valuation on the last trading day before the stock sank by 17%:

“[on reports of markets being stretched] We’re in a good time. And yet of course we have to have everyone saying, well it’s over, it’s stretched. It’s been stretched now since when I, since August of 1981 when I started. It was very stretched. You know it went up like eighty points in five weeks. Stretched. I am just saying don’t play that game. Find good stocks. Find stocks that are winning and they are going, higher. NVIDIA by the way was at one forty two when I woke up at three o clock. Well one forty six. Then it went down to one forty five. Now it’s back to one forty seven. It’s doing nothing!”

“Why, the stock’s trading down on what, what phrase in that thing is negative. What phrase. Look, Microsoft’s doing eighty, it’s good for NVIDIA.”