Jim Cramer of CNBC highlighted Nvidia's stock potential despite a recent decline, asserting that the dip is not indicative of the company's future prospects. He praised CEO Jensen Huang's keynote at CES, which showcased innovative advancements in AI and new chips for laptops and PCs. Cramer emphasized that Nvidia is leading a new industrial revolution, making it an attractive buy during current market fluctuations. He noted that the recent 6.22% drop in Nvidia's stock was primarily due to external factors like excessive speculation and concerns over inflation and interest rates, rather than any shortcomings within the company itself. Cramer advised investors to consider purchasing Nvidia shares now, especially as the stock is trading below its all-time high, and to be prepared to buy more after the upcoming labor report. He believes that if the report indicates strong job growth, it may create an opportunity to acquire Nvidia at an even lower price.
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