Jim Cramer doubles down on Jensen Huang: Own Nvidia, don't trade it, says stock's up 42,000% since his pick

Time of India

4 hours ago

Nvidia
stocks' remarkable run continues to capture Wall Street's attention, and CNBC's
Jim Cramer
has urged investors to hold tight, as per a report.
How is Nvidia Stock Performing?
Shares of the
AI chipmaker
climbed 1.2% to $166 on July 11, extending gains following the company's historic milestone as the first ever to reach a $4 trillion market valuation, as reported by The Street. It reached that milestone just two days prior on July 9, a threshold that now accounts for approximately 14% of the total US GDP, according to the report.
What Is Jim Cramer Telling Investors to Do?
Following that, the host of CNBC's TV show 'Mad Money' offered his bullish take on Nvidia stock as he wrote on a social media X post on July 9, saying, 'Please own it, don't trade it,' as quoted by The Street. He emphasised that, 'I don't want people to get hurt, and my view on Nvidia is well known. The watch party people didn't know what they were doing,' as quoted in the report.
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Backing his bullish stance, Cramer highlighted that Nvidia's stock has surged 42,000% since his very first recommendation, according to the report. Cramer even said that Nvidia is 'the biggest and the best' in a June X post, when the stock hit a new record high, reported The Street.
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What's Driving Nvidia's Unstoppable Rally?
His advice comes amid Nvidia's stunning rise, fuelled largely by the explosive growth in generative AI technologies following the launch of ChatGPT, according to the report. The company's stock gained 171% in 2024 and is already up nearly 24% so far in 2025, as reported by The Street.
Social Media Reacts With Skepticism Over Past Calls
However, the outspoken host's advice has not gone without scrutiny online. Some users on X reminded Cramer of his past calls to sell Nvidia, especially during the stock's downturn in late 2022, according to the report. One user wrote, 'You were on CNBC and said sell it!! Now you are making fun of people [that] did sell it?," as quoted by The Street. While another X user wrote that, 'Remember when you told everyone to sell NVDA fall of 2022,' as quoted in the report.
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What Do Analysts Say About Nvidia's Future?
As per the TipRanks report, Wall Street analysts' average price target for Nvidia is $176.29, with a high forecast of $250.00 and a low forecast of $100.00, so the target means a 5.68% upside from the last-checked price of $166.81, as reported by The Street.
FAQs
How much has Nvidia stock risen?
It rose 171% in 2024 and is already up 24% in 2025.
Why is Cramer so bullish on Nvidia?
He's been backing it for years and claims the stock has gained 42,000% since his first call.