Important points
- Jim Cramer advises investors to own Nvidia stock due to recent market volatility.
- The AI giant's stock rose in after-hours trading following reports that the U.S. government will give the green light to Nvidia's H200 chip sales to China.
CNBC's Mad Money host Jim Cramer urged investors to “own Nvidia” instead of trading the stock, which rose from $183 to $185 in Monday trading.
The AI giant's shares rose slightly in after-hours trading as bullish momentum continued on news that the U.S. government will allow Nvidia's H200 chip to be sold to China.
Mr. Cramer has previously used this phrase, often used during market volatility, to explain how to avoid selling “mag seven” stocks such as Nvidia, which have proven to be resilient.
Nvidia, a major technology company specializing in graphics processing units and AI chip manufacturing, has faced recent stock price pressure due to reports that the tech giant is exploring alternative chips. The company powers data centers and advanced computing infrastructure across the industry.
