CNBC’s Jim Cramer believes it’s a good time to buy Nvidia shares after the stock’s decline on Tuesday. He attributes the pullback to “too much hot money” in the stock and worries about interest rates and inflation.
However, Cramer is optimistic about Nvidia’s prospects, particularly its new technology that uses Blackwell for artificial intelligence server chips. CEO Jensen Huang’s keynote speech at CES impressed him, revealing new chips for laptops and PCs as well as plans for humanoid robots and autonomous vehicles.
Cramer believes the presentation reassures investors that “the new industrial revolution” is on track. He suggests investors wait for the Labor Department to release new employment data on Friday, saying sellers will likely regret their decisions if they don’t own the stock.
“If you don’t already own it, think about buying now… below its all-time high,” Cramer said. “If it comes in hot, you’ll get a chance to buy this stock lower, maybe much lower.”
Source: https://www.cnbc.com/2025/01/07/jim-cramer-says-nvidias-pullback-could-be-a-good-chance-to-buy.html