Jim Cramer Discusses These 11 Stocks & Finds Few Reasons To Sell

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1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders In Q3 2024: 193

NVIDIA Corporation (NASDAQ:NVDA) is the world’s largest GPU designer whose stock has long been a bellwether for investor sentiment regarding AI. However, following January’s DeepSeek selloff that saw NVIDIA Corporation (NASDAQ:NVDA)’s shares bleed 17% in a day, investors are now on the sidelines to determine whether the billions of dollars in expected GPU spending will materialize. Cramer also believes that GPU orders are the key to evaluating NVIDIA Corporation (NASDAQ:NVDA)’s stock now. Here’s what he said about the firm:

“but we have some tech doing badly. And I think that the tech that’s doing badly, once again its NVIDIA which is coming back. But we don’t know what NVIDIA’s going to report, there’s a [inaudible] I’ve got NVIDIA saying that we’re trophy in terms of negativity. I think you have to wait to see what the numbers are because the company’s in quiet period.”

NVDA is a stock Jim Cramer recently discussed. 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 doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap

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