Was Jim Cramer Right About These 23 Stocks?

22. Nvidia Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 223

Continuing his segment on S&P 500 top performers, Cramer covered Nvidia Corporation (NASDAQ:NVDA), the world’s dominant designer of GPUs and AI chips, as the second-best performer at the time but warned of short-term volatility.

“Speaking of Nvidia, yes, it’s the second-best performer in the S&P for the year even as it was down hard today as part of the broadening of the market […] One day though there’s not a sell-off make, but I’m just trying to make a point about what’s been working beyond the stock of Nvidia.”

Nvidia Corporation (NASDAQ:NVDA) has performed well, gaining 26.67% since Cramer mentioned it.

This past Tuesday, the 18^th of March, the host of Mad Money gave his thoughts on the stock:

“Well, we had a real test case today, didn’t we?… When you put 17,500 NVIDIAns and friends… in San Jose, you’d expect some sort of impact on the stock market or at least in the stock of NVIDIA but that sure didn’t happen. Today, we learned that nothing’s more powerful than multiple compression as NVIDIA’s stock actually slid $4 and 10 cents. It declined 3.4%. I say ouch…NVIDIA stock isn’t cheap unless everything goes right and in this climate of fear environment, it’s hard to see everything going right even for a company that is this special.”