Jim Cramer Discusses These 10 Stocks, The Fed Chair & Lower AI Costs

2. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders In Q3 2024: 193

Not a day goes by that Jim Cramer doesn’t talk about NVIDIA Corporation (NASDAQ:NVDA) on his show. With the shares bleeding close to $600 billion in market value during the DeepSeek selloff, it was unsurprising that he started his comments with the firm. NVIDIA Corporation (NASDAQ:NVDA)’s stock lost value because investors questioned whether the billions of dollars that were expected to materialize in data center spending would actually be needed if it was cheaper to train AI. Cramer, on the other hand, commented on robots and self-driving:

“[commenting on the rotation to other tech areas] Yes, indeed. Remember the second worst [selloff in market history] was also NVIDIA during the watch party period. Uh, the stock is up. What I would say is there will be heat-seeking missiles coming after that stock. If you really want to buy wait till they send it down two, three bucks. Cause that’s been the usual practice here. Look, it’s no doubt about it that people just say they’re, blast em. I like Cembalest, I go to Cembalest [a] lot, from JPMorgan. And he’s saying . . . but NVIDIA, we point out, is, at, David one of the shoot first ask questions later. The PE based on forward earnings interpretation declined to the very low end of the range. And I was watching last night uh great video after CES, uh, it’s one of these, it’s on YouTube, huge. And I just thought, you know what, we’re now thinking, we went from thinking, it’s great, to thinking there’s really no use to it. But I keep coming back to the next generation’s about robots and it’s about self-driving. It’s not about ChatGPT where it might hallucinate or not. Come on, let’s get serious here.

“[On MS cutting NVDA to $152 and saying NVDA will guide in-line] Yeah, really helpful. I think that’s right cause they’re really having problems with Blackwell. They have problems making Blackwell. I think that’s absolutely right.”