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NVidia, Zev, Jeff and I are going back and forth on Nvidia. Now we sold this darn thing more than 100 points ago when we said that it was going to miss the quarter. It was brutal. You gotta go to the teach-ins by the way. They're really good. They had a lot of course clowns on the internet. Clowns on Twitter were saying he buried us in Nvidia. I mean like I felt awful. I names my dog Nvidia for heaven's sake. And I had to sacrifice this dog Nvidia. Now at 150 here's the deal. Sells at 20 times earnings. It's off the bottom of 124 which was hellacious. That was the Christmas Eve massacre. But here's the problem. 40 percent of it is gaming, and gaming has really slowed. I don't know if you seen EA. I don't know if you've seen Activision Blizzard. We have to wait for this quarter because we have to see the flush out of the cards that were bought for bitcoin. Well actually in this case for another cryptocurrency. But more important if it's too linked to gaming and not to autonomous driving into the data center and to machine learning and artificial intelligence, it will still be too soon. Jenson Huang is a genious. The Turing chip is great. I guess what you're hearing is I want to pull the trigger but I want to see what happens.

Thinking of buying shares of chip giant Nvidia (NVDA - Get Report) ? Jim Cramer is holding off.

The stockpicker sold his charitable trust's Nvidia position on Oct. 8 at $265 a share because Cramer expected NVDA to have bad quarterly earnings -- which it did. But with the stock closing at $156.93 on Friday -- down more than $100 from where Cramer's trust sold it -- he's looking to buy it again if a few things fall into place when Nvidia reports earnings next month.

Cramer said during an exclusive videoconference call with members of his Actions Alerts PLUS club for investors that the problem with Nvidia is that roughly half of its revenues come from chip sales to gaming companies. But he said that recent sharp pullbacks by gamemaker stocks like Electronic Arts Inc. (EA - Get Report) and Activation Blizzard (ATVI - Get Report) show that business has really slowed down.

Likewise, the expert noted that Nvidia sold lots of chips in the past to so-called cryptocurrency "miners" who need lots of computer power, but that that sector has also slumped.

"We have to wait for [Nvidia's upcoming earnings report], because we have to see the flush out of the cards that were bought for [cryptocurrencies]," Cramer said. "If Nvidia is too linked to gaming and not to autonomous driving, to the data center and to machine learning and artificial intelligence, it will still be too soon buy the stock."

Still, Cramer called Nvidia CEO Jensen Huang "a genius," and said the company's new Turing computer chip, is "great.

"I guess what you're hearing is I want to pull the trigger, but I want to see what happens in the next earnings report," he said.

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