NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer recently looked at. Cramer said that only NVIDIA saw the burgeoning demand for chips, as he commented:
… NVIDIA… had much more foresight than Micron or anybody else in the industry, so its products are more plentiful… Again, only NVIDIA really saw it coming. They teamed up with the best of the best, Taiwan Semiconductor, to make all the high-end chips that are needed. There’s no bottleneck there. There’s no shortage, at least not in comparison to memory. You want the latest and greatest from NVIDIA? Well, you’ll get it because Jensen Huang saw everything coming, the opposite of these companies. It’s one of the reasons I think he’s the greatest technologist of our era.
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NVIDIA Corporation (NASDAQ:NVDA) develops accelerated computing and AI platforms, GPUs for gaming and professional use, cloud services, robotics and embedded systems, and automotive technologies. Cramer mentioned the company during the January 14 episode and said:
What about the amazing secular growth stocks that I talk about, the ones that are supposed to do well regardless of the economy? What do you do with those? Well, those you shouldn’t trade. A tremendous grower requires a tough as nails attitude where the trick is to sit on your hands and do nothing when they go higher… You know that I always say own NVIDIA, don’t trade it. Now, sometimes, like right now, it’s difficult because the stock appears stuck in a rut. Other times, it’s bountiful. But NVIDIA’s a stock that’s not meant to be schnitzeled. It’s meant to be owned, not traded.
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