Jim Cramer from CNBC recently highlighted two of his top long-term investments: Apple and Nvidia. He believes their ongoing achievements emphasize the importance of holding onto quality growth stocks rather than making frequent trades.
“As Nvidia and Apple showed again today, the real profits come from individual stocks,” he noted. “If you can hold on, you minimize the pitfalls of excessive buying high and selling low.”
On Monday, the markets saw significant gains, with the Dow Jones Industrial Average up by 0.14%, the S&P 500 increasing 0.44%, and the Nasdaq Composite rising 0.70%. Nvidia’s stock surged after the company announced plans to invest up to $100 billion in OpenAI as part of expanding its data center capabilities. This commitment was viewed positively by investors, signaling strong potential for artificial intelligence developments. Apple also benefited, seeing boosts in stock prices following the introduction of its latest iPhones, with analysts noting a solid demand.
Nvidia reached a new 52-week high, climbing 3.93%, while Apple’s stock ended 4.31% higher.
Cramer observed some investor negativity towards Apple, stemming from concerns regarding the iPhone 17’s innovation, potential impacts from tariffs, demand fluctuations in China, and Apple’s strategy in AI. However, he expressed confidence in the company’s uniqueness and its technology, countering these worries. He referenced comments from T-Mobile’s outgoing CEO, Mike Shebert, who said that his company’s iPhone sales have reached record levels.
Despite negative sentiment surrounding Nvidia, Cramer remained optimistic about its business prospects, particularly in light of its deal with OpenAI, foreseeing strong returns from that investment.
“Trying to make money in this market can be incredibly challenging,” he remarked.
Neither Nvidia nor Apple provided comments when approached for follow-up.
