AAP Exclusive: Nvidia is Tied to Crypto and That's Bad
In the April Action Alerts PLUS members' call, Jim Cramer addressed AAP Portfolio holding NVIDIA (NVDA) - Get NVIDIA Corporation Report
Cramer was disappointed because movement in the stock's price has been directly tied to the price movement in cryptocurrencies. And since that market cooled. so did the NVIDIA's stock. "This is bad because this is not about cryptocurrencies," he said.
"It should be about big data, gaming...and AI."
TheStreet Recommends
The crypto piece is a small part of the company but still Cramer and his Action Alerts PLUS portfolio team decided to sell some shares of NVIDIA and pare back their position.
Watch the video above to learn more about their rationale behind selling one of their favorite stocks.
Want more exclusive investing insight from Jim Cramer? Get 24/7 access to Jim's charitable-trust portfolio with a free trial to Action Alerts PLUS! You can also watch all of Jim Cramer's New York Stock Exchange live shows here:
