Jim Cramer Was Right About These 5 Stocks

2. NVIDIA Corp (NASDAQ:NVDA)

Number of Hedge Fund Investors: 173

Cramer’s Recommendation: Buy

YTD Performance in 2024: +64%

NVIDIA Corp (NASDAQ:NVDA) is the star performer in Jim Cramer stock recommendations and after yet another stunning quarter from the chips company Cramer is proudly reminding everyone how he kept recommending the stock in the past. And Cramer is right. In early January 2024, Cramer said:

“Stop selling Nvidia, please.”

In December 2023 Cramer said that despite tripling in value in 2023 NVIDIA Corp (NASDAQ:NVDA) was still cheap.

In November 2023 Cramer tweeted:

“Nvidia can and will prosper without China. it’s just easier with than without.”

Baron Fifth Avenue Growth Fund stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its fourth quarter 2023 investor letter:

“Most of our portfolio companies have seen stabilization and modest improvements in short-term business fundamentals as the year progressed. More importantly in our view, many have been able to drive significant improvement in long-term Key Performance Indicators (KPIs) such as share gains, meaningful expansion of their total addressable market, and improvement in unit economics. These KPIs are significantly more important in driving the intrinsic values of our businesses, which we believe have increased noticeably during 2023. In the meantime, disruptive changes that we expect will benefit many of our businesses have also continued to pick up steam. Some examples include: • The inflection in GenAI: While a company like NVIDIA Corporation (NASDAQ:NVDA) is a clear beneficiary of GenAI, as its hardware and software solutions are used to train and run GenAI models, we believe that GenAI has the potential to benefit many of our other businesses as well.”