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3. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders In Q3 2024: 193

AI GPU giant NVIDIA Corporation (NASDAQ:NVDA) was the worst-hit stock during the DeepSeek selloff in terms of market value as the firm nearly lost $600 billion in valuation during the panic. Since the selloff, Cramer has stressed that investors need to be on the lookout for reduced data center spending at big tech and stressed that NVIDIA Corporation (NASDAQ:NVDA)’s Blackwell GPUs offer key features for humanoid robots. His latest remarks about the firm were in the context of cloud computing giant Amazon’s earnings:

“Well what’s hurt this period, it is the NVIDIA quiet period. And if Jensen were to come out and say you know what I hope this stuff goes to zero because then you’ll be able to use a part of Blackwell that is so great. Which I think is true. In other words there was another recommendation today of NVIDIA, they’re obviously trying to give it so it stabilizes but I think that NVIDIA, if we hear tonight that Amazon says you know what, we gotta spend and our Trainium isn’t going to do it, we remain great partners of NVIDIA. If we hear remain great partners of NVIDIA, David, NVIDIA goes to two forty five.”