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Jim Cramer Backs NVIDIA: NVIDIA Stock Boosted by News of H200 Chip Exports to China
Jim Cramer, host of CNBC’s "Mad Money," once again advised investors to “hold” NVIDIA stock instead of frequently trading it. On Monday, NVIDIA’s stock price rose slightly from $183 to $185 after news that the U.S. government had approved NVIDIA to export its H200 AI chips to China.
Cramer emphasized that during periods of market volatility, investors should focus on holding the stocks of robust tech giants for the long term, including NVIDIA. He pointed out that such companies, with their strong technology and market positions, are resilient against short-term market fluctuations, and frequent trading is not beneficial for long-term returns.