Jim Cramer Talked About These 16 Stocks

12. NVIDIA Corporation (NASDAQ:NVDA)

Cramer said that Trump likes winners like NVIDIA Corporation (NASDAQ:NVDA) and reiterated his philosophy of “own it, don’t trade it” for the stock.

“Big Tech got a real boost, especially the ones that have been hectored by antitrust like Alphabet or Amazon or, or frankly even Apple and maybe even, we thought maybe Nvidia and Meta… Trump likes winners. He likes success stories. That means he’ll like Nvidia. Remember, Trump’s all in with Elon Musk. He knows that Musk respects Nvidia’s Jensen Huang. Good stock to own, not trade.”

NVIDIA (NASDAQ:NVDA) has firmly established itself as a dominant force in the graphics processing unit (GPU) market. As the company heads into its fiscal 2025 third-quarter earnings report, expected on November 20, it is preparing to launch its new Blackwell architecture, which it claims will be the most powerful chip the company has ever produced.

This launch, slated for the fourth quarter, is expected to ramp up production significantly, generating billions of dollars in additional revenue, according to statements made during the company’s previous earnings call in August. According to TipRanks, on November 11, UBS raised the price target on the stock to $185 from $150 and maintained a Buy rating.

The firm remains optimistic about NVIDIA’s (NASDAQ:NVDA) future performance, citing strong customer demand and positive supply chain dynamics. Based on the firm’s conversations with customers and analysis of the supply chain, UBS analysts believe that Q3 revenue will likely fall between $34.5 billion and $35 billion, with Q4 guidance around $37 billion, potentially reaching up to $39 billion when the company reports Q4 results in early 2025.