Jim Cramer: Stick with Nvidia Despite Decline
Jim Cramer emphasized his continued faith in Nvidia, despite the recent drop in its market cap.
Nvidia, which hit a $3.34 trillion valuation last week, saw its shares fall 13% over three days. Although the stock started to recover, it remained down about 7% from its peak by Tuesday's close.
Cramer advised sticking with solid companies like Nvidia, which are less affected by consumer behavior and interest rates. He contrasted Nvidia with companies like Pool Corp., whose shares fell due to weakened consumer demand. Nvidia's enterprise customers are less likely to switch, ensuring stability for the company.
Cramer suggested owning Nvidia stock rather than trading it to avoid missing out on potential rebounds.
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