Jim Cramer says buy Nvidia if you don’t own it, and consider these 2 stocks, too
Every weekday, CNBC Investment Club with Jim Cramer hosts a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s highlights. 1. Stocks were mixed Wednesday as investors awaited the Fed’s expected rate cut at the end of its December meeting at 2 p.m. ET. Fed Chairman Jerome Powell’s press conference will be held at 14.30 GMT. Jim Cramer is keeping an eye on the S&P Short Range Oscillator, which is trending just below the overbought zone. Even so, Jim cited the Club’s Procter & Gamble and Texas Roadhouse names as potentially “attractive” acquisition opportunities. 2. GE Vernova rose to an all-time high of $725 per share. The energy equipment giant thrilled investors by offering outstanding guidance through fiscal 2028. The stock earned upgrades to buy ratings from Oppenheimer and RBC Capital. JPMorgan raised its stock price target to $1,000. “I think that’s where it’s heading,” agreed Jim. We raised our Club price target on the stock from $700 to $800 and reiterated our buy-equivalent 1 rating. 3. Nvidia shares tumbled Wednesday following a report in tech media outlet The Information that said China-based AI startup DeepSeek is using bootleg Blackwell chips for its next models. The club name Nvidia denied the claim. As of now, the US chipmaker expects to publicly announce orders from China for H200 chips approved for export by the US this week. “It’s all the wrong story,” said Jim, who believes China’s business would make sense for the AI leader. “You should take advantage of the opportunity [and buy the stock] If you don’t have any Nvidia,” Jim said. 4. Stocks covered in Wednesday’s rapid fire at the end of the video were: AeroVironment, Chewy, JPMorgan, Southwest Airlines and KeyCorp (Jim Cramer’s Charitable Trust is long NVDA, PG, GEV, TXRH. See here for a full list of stocks.) By subscribing to the CNBC Investment Club with Jim, you’ll receive a trade alert before you place a trade. Jim, the philanthropist After sending a trade alert before buying or selling a stock in his foundation’s portfolio, after Jim talks about a stock on CNBC TV, he waits 72 hours before executing the trade. NO OBLIGATION OR DUTY EXISTS OR IS GUARANTEED A PARTICULAR RESULT OR PROFIT.
