Jim Cramer says buy Nvidia if you don’t own it, and consider these 2 stocks, too
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Wednesday’s key moments. 1. Stocks were mixed Wednesday as investors awaited the Federal Reserve’s expected interest rate cut at the conclusion of its December meeting at 2 p.m. ET. Fed Chairman Jerome Powell’s news conference is set for 2:30 p.m. ET. Jim Cramer is paying attention to the S & P Short Range Oscillator as it hovers slightly below overbought territory. Despite this, Jim cited Club names Procter & Gamble and Texas Roadhouse as potentially “attractive” buy opportunities. 2. GE Vernova soared to all-time highs of $725 per share. The energy equipment giant excited investors with exceptional guidance out through fiscal 2028. The stock earned upgrades to buy ratings from at Oppenheimer and RBC Capital. JPMorgan hiked its price target on the stock to $1,000. “I think that’s where it’s headed,” agreed Jim. We raised our Club price target on the stock to $800 from $700 and reiterated our buy-equivalent 1 rating . 3. Nvidia shares dipped Wednesday following a report in tech media outlet The Information, which said China-based AI startup DeepSeek was using smuggled Blackwell chips for its next models. Club name Nvidia refuted the claim. As of now, the U.S. chipmaker is still waiting to publicly hear about orders out of China for H200 chips, which were approved this week for export by the U.S. “This is all the wrong narrative,” said Jim, who believes that China’s business will be meaningful for the AI-leader. “You should take advantage [and buy the stock] if you don’t own 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 the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
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