Stock Market Cafe
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Stock Market Cafe
No Result
View All Result
Home Trading News

Cramer says he’s not ready to take profits in Nvidia, sees stock at $10 trillion one day

by
December 1, 2021
in Trading News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

Stripe tells employees it will decide on an IPO within the next year

The rally that won’t quit says it’s not all about the Fed — listen to Thursday’s ‘Homestretch’

CNBC’s Jim Cramer said Wednesday he’s not ready to sell any shares Nvidia yet, even though he recently booked some profits in two other big charitable trust winners Advanced Micro Devices and Ford.

Cramer told “Fast Money Halftime Report” he believes that Nvidia could be a $10 trillion stock one day. Shares soared 145% year-to-date to an over $800 billion stock market value.

It’s no secret that Cramer loves Nvidia, the largest maker of graphics and artificial intelligence chips in the world. He’s even named his dog Nvidia. On television and in his investing club, the “Mad Money” host has praised CEO Jensen Huang’s vision for how the metaverse — or omniverse, which is Nvidia’s preferred term — can be used by businesses to reduce wastefulness and increase efficiency.

During last month’s trip to Silicon Valley, Cramer went to Nvidia headquarters and interviewed Huang, days after the company reported better-than-expected earnings and revenue for its fiscal third quarter and blowout forward guidance.

“I just went there and I saw things. I went time traveling with Jensen Huang. Time traveling,” Cramer said Wednesday, referring to what he saw concerning the omniverse and how Nvidia’s technology can be used in self-driving cars. “I admit to being piggish in Nvidia because this may be a $10 trillion stock,” he reiterated.

Unlike Nvidia, Cramer recently trimmed positions in Advanced Micro Devices and Ford. “I am being a pig in Nvidia. I decided I couldn’t be a pig in Ford anymore,” adding that his trust sold some Ford holdings in late October “when it doubled.” He also said he “couldn’t be a pig in AMD” because he had an 80% gain on average.

Cramer revealed Wednesday morning his trust sold some AMD shares. In his investing club newsletter, he told members the AMD sale was “solely for portfolio management purposes and not out of any change to our bullish long-term view of the company.”

Sign up now for the CNBC Investing Club to follow Jim Cramer’s every move in the market.

(Jim Cramer’s Charitable Trust is long NVDA, AMD and F. Nvidia and Ford are two of the three largest positions in the portfolio.)

ShareTweetPin

Related Posts

Stripe tells employees it will decide on an IPO within the next year

by
January 26, 2023
0

Stripe co-founder and CEO, Patrick Collison Manuel Blondeau | Getty Images Stripe, the fintech company once valued at $95 billion...

The rally that won’t quit says it’s not all about the Fed — listen to Thursday’s ‘Homestretch’

by
January 26, 2023
0

Jim Cramer says that people just seem to want to own stocks this year. More soft-landing hopes after morning economic...

Tesla’s bounce on quarterly results can teach us something about mega-cap growth names

by
January 26, 2023
0

This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics....

NBCUniversal expects Peacock losses to peak this year as streamer slowly adds subscribers

by
January 26, 2023
0

In this article CMCSA Follow your favorite stocksCREATE FREE ACCOUNT The NBCUniversal Inc. Peacock streaming service is displayed on a...

Microsoft’s AI push has some analysts raving about the stock even after lackluster earnings

by
January 26, 2023
0

Microsoft 's earnings report earlier this week was largely considered dissatisfying to analysts. But the tech giant's focus on artificial...

Next Post

The ‘Great Resignation’: Heed these 8 tips from an employment lawyer before you quit

Dow finishes 450 points lower in major reversal triggered by first U.S. omicron case

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Crocs sees fourth-quarter sales up 42%, CEO Andrew Rees says 2021 was ‘exceptional year’

    0 shares
    Share 0 Tweet 0
  • Biden didn’t accept Putin’s ‘red lines’ on Ukraine – here’s what that means

    0 shares
    Share 0 Tweet 0
  • Buying a car from the factory sounds expensive, but it can actually save you money. Here’s how to do it.

    0 shares
    Share 0 Tweet 0
  • The states that won’t tax military retirement in 2022

    0 shares
    Share 0 Tweet 0
  • Roth TSP vs. Roth IRA: How Do They Compare?

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.stockmarket-cafe.com
No Result
View All Result
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.stockmarket-cafe.com