Jim Cramer backs holding Nvidia as shares edge up on China export approval
Key Takeaways
- Jim Cramer advises investors to hold Nvidia stock through recent market volatility.
- Shares of the AI giant moved up in after-hours trading, fueled by reports that the US government would greenlight Nvidia’s H200 chip sales to China.
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Jim Cramer, host of CNBC’s Mad Money, has urged investors to “own Nvidia” instead of trading the stock, which climbed from $183 to $185 in Monday’s session.
Shares of the AI giant edged higher in after-hours trading as bullish momentum continued on news that the US government would permit Nvidia to sell its H200 chips to China.
Cramer has said the phrase before, often during volatile markets, explaining it as guidance against selling “Mag Seven” stocks such as Nvidia due to their proven resilience.
Nvidia, a leading technology company specializing in graphics processing units and AI chipmaking, has faced recent stock pressure from reports of tech giants exploring alternative chips. The company powers data centers and advanced computing infrastructure across the industry.
