Jim Cramer Suggests ‘Gunboat Diplomacy’ For China & Discusses These 7 Stocks

4. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders In Q4 2024: 223

NVIDIA Corporation (NASDAQ:NVDA) is the world’s leading AI GPU designer. Worries about AI chip demand and sluggishness in the data center industry have weighed heavily on its shares as they have lost 28.5% year-to-date. In his previous remarks about NVIDIA Corporation (NASDAQ:NVDA), Cramer praised the firm’s US chip manufacturing plans in partnership with TSMC and dubbed recent share price movements as being unrelated to the fundamentals. Here are his latest thoughts about NVIDIA Corporation (NASDAQ:NVDA):

“[On Huang’s Beijing trip] Yeah I mean look I know that and I had some talk . .becuase of my club where I’ve said I don’t know if you can still own it but don’t trade it. And not because this isn’t my favorite company and my favorite executive. But because of the erratic nature of the dual Lutnick and Navarro tandem about what we should be doing with semiconductors. I found that it was odd that he could just go and talk. Because we don’t really have that kind of relationship with the Chinese. This was kind of a Nixon to China trip. I don’t know what will come of it. I do know that if you watched Taiwan Semi last week, NVIDIA’s still very much in the driver’s seat.”