Nvidia (NVDA) shares are down some 20 points from its high, creating a good entry level, according to TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer.

"You may have to be able to leave room and buy some lower - not unlike what we did with Broadcom (AVGO) [on Wednesday] when we bought it for Action Alerts PLUS," Cramer said.

Watch all of Jim Cramer's latest videos, right here:

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