From Yahoo Finance: 2024-05-15 17:35:47

Despite Jim Cramer’s disappointment in NVIDIA Corp (NASDAQ:NVDA) recent performance, he still believes it’s a stock to own, not trade. Wall Street remains positive on NVDA, with a $1,150 price target from Wells Fargo. NVDA is the leader in AI chips with an 84% market share and support from hedge funds.

Patient Capital Opportunity Equity Strategy entered a new position in NVIDIA Corp (NASDAQ:NVDA) due to its market leadership in GPUs and AI demand. NVDA grew revenue, earnings, and FCF significantly, with a market cap of $2.3T. While competition is expected, NVDA’s leading technology and strong cash generation make it well-positioned.

While NVDA has seen impressive growth, it’s not the best Jim Cramer stock to buy now, according to Insider Monkey’s research. Learn about 3 better options.



Read more at Yahoo Finance: Is NVIDIA Corp (NVDA) The Best Jim Cramer Stock to Buy Now?