Jim Cramer is Recommending These 5 Stocks in April

1. Nvidia Corp (NASDAQ:NVDA)

Number of Hedge Fund Investors: 173

Jim Cramer recently talked about the latest pullback in Nvidia Corp (NASDAQ:NVDA) shares which believes came after reports that major companies like Amazon and Meta Platforms are working on their own chips to cut their reliance on Nvidia Corp (NASDAQ:NVDA) and get rid of what Cramer called Jensen Huang’s stranglehold on the super GPU industry. “If only they could,” said Cramer about this news. Cramer said that he was already expecting this news since during an interview with him, Huang, who Cramer yet again called a “visionary,” said that he was helping these major companies to develop semiconductor chips.

“What the heck does Jensen and his team need to do to earn your trust,” Cramer said.

Cramer urged investors to have faith in Nvidia Corp (NASDAQ:NVDA) and realize that Jensen Huang isn’t the “con artist.” Instead he said the bears are the con artists.

ClearBridge Small Cap Growth Strategy stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its first quarter 2024 investor letter:

“While large cap benchmarks get a lot of attention for a handful of mega cap stocks driving the lion’s share of performance, we would highlight even more extreme and unprecedented concentration in small cap benchmarks. Year to date, one stock, Super Micro Computer has driven 37% of the return of the benchmark, closely followed by MicroStrategy, a unique stock that is largely considered a bitcoin proxy. Together, they accounted for over half of the benchmark’s first quarter return. This compares to NVIDIA Corporation (NASDAQ:NVDA), which accounted for 24% of the return of the S&P 500 Index. The 32 top-performing stocks in the Russell 2000 Growth Index accounted for 100% of its return, versus 81 names driving the S&P 500’s performance this quarter.”

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