"Trading is way too hard unless maybe you're managing money as a full-time job, and even then, it's not easy," Cramer said. "But if you want to own a terrific stock that can go up 200% in a year, which is what Nvidia's done this year, you must recognize that it can also go down hard during the journey."
Cramer said he is no longer a hedge fund manager, and so his aim is not to game a company's quarter. To Cramer, a company's long-term outlook and fundamentals matter more than a single quarter. When he sees a stock has had a bad quarter, he said he tries to determine whether the quarter is actually disappointing or if it's merely a speed bump., are "the stock equivalent of a living, breathing organism.
According to Cramer, investors shouldn't buy Nvidia if they want an instant gain and can't tolerate a short-term loss. "Given that nobody even comes close to Nvidia in the AI business, I think its stock is a must own," Cramer said. "Now I can't tell you when to buy it, I can't tell you the price to buy it. I'd say you can buy some now and some later at a lower price. Remember, never buy all at once."
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Source: CNBC - 🏆 12. / 72 Read more »
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