Jim Cramer Is Focused on These 15 Stocks This Week

11. NVIDIA Corporation (NASDAQ:NVDA)

During the episode, Cramer predicted that NVIDIA Corporation (NASDAQ:NVDA) could have another decline like last quarter for which his advice was to not sell. Here’s what he had to say:

“Then after the close Wednesday, we get big and then bigger. Palo Alto Networks and Nvidia… I think that NVIDIA’s last quarter fallout, the huge decline that I told you to buy, not sell, it could occur again because there are so they’re just these crazy watch parties, the sunshine soldiers, the people who don’t even know what NVIDIA is or does.

You know, I love NVIDIA. I always say own it, don’t trade it. People don’t listen to me. When it goes down, they panic out, I’m trying to stop that. Now, I have to tell you, I think… if you don’t own it, just wait, okay. The stock’s struggling here for now. I saw some guy earlier on another of the show saying he’s worried about NVIDIA. Well, of course, you’re worried about NVIDIA, you always worry about the large ones but I can smell the trader nervousness. I don’t want you taking out a trader. Okay, let them sell and then you buy.”

As NVIDIA (NASDAQ:NVDA) prepares for its fiscal 2025 third-quarter earnings report, scheduled for November 20, it is gearing up for the release of its new Blackwell architecture. However, recent reports have raised concerns regarding the Blackwell architecture. On Sunday, The Information reported that the new AI chips, which had already faced delays, are encountering overheating issues when used in server racks designed to hold up to 72 chips.

This overheating problem, particularly when multiple Blackwell GPUs are connected together, has caused some customers to worry about the viability of their data centers and whether they will have enough time to get new systems up and running.

Despite these challenges, Cramer expressed confidence on Monday in NVIDIA’s (NASDAQ:NVDA) long-term prospects, suggesting that the recent dip in stock price might present a potential investment opportunity. He said:

“Maybe this time really is the top, and it’s all because of server meltdowns… I actually am more inclined to think you’re getting a buying opportunity in Nvidia thanks to The Information publishing a story that may simply not be that unless you didn’t know all that much and you parted with Nvidia as soon as the news came out.”