Jim Cramer Says NVIDIA Stock Has Been “Playing a Game of Shoots and Ladders”

NVIDIA Corporation (NASDAQ:NVDA) was among the stocks Jim Cramer highlighted on Mad Money as he noted that the market has an appetite for stocks. Cramer mentioned the stock while highlighting skepticism around AI. He said:

The level of skepticism around AI has become downright toxic these days. I keep hearing that nobody’s getting a real return from all that spending, except for NVIDIA, which makes the chips, yet the stock NVIDIA… I don’t know, the technical term I learned when I was at Goldman Sachs, mojo, doesn’t have it. The darn thing has been playing a game of “Shoots and Ladders” with its shareholders.

Photo by Javier Esteban on Unsplash

NVIDIA Corporation (NASDAQ:NVDA) develops accelerated computing and AI platforms, GPUs for gaming and professional use, cloud services, robotics and embedded systems, and automotive technologies. During the June 3 episode, Cramer noted that he remains a “believer” in the stock, as he said:

This company just had a very successful COMPUTEX festival in Taiwan with CEO Jensen Huang at the top of his game, talking about how his Vera Rubin chips are so fantastic, and they have brought acceptance already. It was a very compelling story, and you know, I remain a believer in NVIDIA, but when I look at the stock, the big six need to sell, I’m betting most of the buyers will also own the stock of NVIDIA. If you love the data center story, right, you love NVIDIA. It’s at the heart of it. Jensen’s…