Time To Buy The Dip, Nvidia Stock Supposed Among The Best Investments For The Future!
Jim Cramer of business media outlet CNBC has been convincing investors to buy stock from Nvidia to add to their portfolios and keep an eye for a perfect chance to purchase the dip.
CNBC's Jim Cramer explained, "I know this is a tough market for a stock like Nvidia, and I wouldn't be surprised if it has another leg lower. But when you look at what this incredible company is coming up with, I think Nvidia owns the future. That's why I still love the stock long-term, and I view any weakness as a chance to buy more gradually on the way down."
It should be noted that Nvidia stock went down by 3.36% this week to $256.34!
CNBC's Jim Cramer's opinions on stocks were part of his rerun of chief executive Jensen Huang's comment address earlier this week in Nvidia's yearly GPU Technology Conference from the 21st to the 24th of March, which features guests from all over the technology industry.
READ: Less Shortages: Nvidia Announces That Their Graphics Cards Will Be More Available This 2022!
Furthermore, CNBC's Jim Cramer discussed specific parts of Jensen Huang's keynotes, even including mentions of partnerships with the likes of Microsoft and electric car company Lucid as well as Nvidia's plans to add to its technology offerings, possibly adding more to its stock value.
Adding to this, CNBC's Jim Cramer also talked about Colette Kress, the Nvidia CFO, comments of the firm's $1 trillion dollars addressable market. Cramer went on to state that although he is often doubtful of such comments, he would like to give Nvidia the benefit of the doubt in terms of stock growth.
"Right now the market may not care about this stuff because Wall Street's in a real defensive crouch, but once the Fed gets inflation under control, and I think it will, Nvidia's stock's going to roar back," CNBC's Jim Cramer concluded.