저자: JimCramer · 외국인
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AI 투자 논쟁 속 엔비디아는 구글 자체칩(브로드컴 제작)과 메타의 구글 칩 구매 움직임으로 주가가 크게 밀렸으나, 크레이머는 '팔지 말고 보유하라'고 주장. 과거 구글을 팔았던 실수를 근거로 공포에 매도하지 말 것을 강조. 테슬라도 사업 자체보다 내러티브로 주가가 움직인다고 언급. 디즈니는 '보유', 시리우스XM은 자동차 판매·중고차 성장 확인 전까지 신중 입장.
다듬은 글
[a. uh through I'm teaching tonight. So call me 1800 743 CBC. Tweet me Jim Kmer. You either believe in artificial intelligence or you should just stay away. Don't buy. Don't buy. You trust Nvidia and Jensen Wong or you can just go own some drug stocks and some food stocks. And you know what? Why don't you just go buy some rails
all? Nobody demands that you buy the so-called hyperscalers if you don't have confidence in these AI stories. The whole investing world. Look at this. ALL THESE STOCKS are your oyster. There's no need to obsess over this stuff. Welcome to the kind of zero sum investing logic that has kept people from making millions upon millions of dollars because they live in fear.
They only know to sell when stocks are going down and buy when they go up. And that is a terrible strategy if it's a strategy at all. You should never buy anything if you don't trust enough to buy more on weakness. Trust is how you benefit from stocks these days. Dow like any other day shot up 664 points.
Trust. The S&P jumped 0.91%. Trust. And then Nasdaq gained 67%. You're not going to catch these gains if you don't trust. That said, if you go to own tech, you need to know the landscape. For example, everyone who's in the Magnificent 7 should recognize that they didn't become Magnificent by missing quarters and screwing up.
They didn't rise to these lofty levels by being fooled by other companies or being duped or dropped as vendors because they're second or eight. Before I go into why I trust the people who run these companies, and here I'm speaking of course of Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla.
Let me just say that there are literally hundreds of big capitalization companies that don't require a lot of fortitude to own. Today, Abbercrombie and Fish and Kohl's, two retailers, screamed higher on better than expected results, finishing up 38% and 43% respectively. Those are more like takeover bids than earning surprises.
We have Best Buy on tonight. And wow, what a quarter they reported. Nothing's keeping you from owning those stocks as dead attack. But as you may know from How to Make Money in Any Market, I am a huge believer in growth stocks. And none of those three can truly be considered a growth stock. the least I get.
[snorts] These three and so many former growth stocks are what draws me to the hyperscalers for my chapel trust. Now, we own many, many stocks from other universes. Drug stocks, aerospace, materials, data center builders. They have long-term growth stories, but they're not turbocharged with the resources of these gigantic companies.
That's what always brings me back to the MAG 7. These stocks are prominent because of their success. The companies they represent have bountiful profits, which is why they could rise to their lofty trillionaire status in the first place. It's why I don't kick them out when they're down. In matter of fact, it's why I might buy them for the trust.
I'll admit that they have a bit of the Houdini in them. Tesla was a car company and stock rallied as a car company. And then when things got very competitive in electric vehicles, the stock got hammered and hammered and hammered again. But when Tesla fell from the 400s to the 200s in the beginning of this year, an amazing thing happened.
The stock, not the company, the stock was always the same company, morphed into a chit in the great game of self-driving and robots. CO Elon Musk simply changed the narrative and the street bought it. That perception has allowed the stock to regain almost all those lost points, even though it's pretty much the same company it was before the decline electric vehicle profits.
And that's what the Magdas and 7 do which brings me to why I'm doing this. The contramp between Nvidia and Alphabet with Alphabet deemphasizing Nvidia's chips by relying on its own chips made by Broadcom. Those chips are supposed to be so good that Meta, a competitor, is actually said to be contracting with Alphabet to get its hands on them.
Perhaps so they can replace the same highric semiconductors from Nvidia. Well, in this news, Nvidia stock has had the living daylights kicked out of it. Alphabet have been a huge client of Nvidia, and the press clips say that it's going to adopt its own chips, far more than the ones owned by Nvidia.
Alphabet stock has been as hot as Nvidia stock is now ice cold. It got colder last night when a tech publication reported that Meta is willing to buy these same chips from Google at a considerable savings. Perhaps there could be some license agreement that includes Broadcom, the general contractor for Google's chips as Broadcom CEO Hawk Tan is on the board of Meta.
Now, you could argue so what? Nvidia's got a ton of business, but Nvidia Nvidia just reported what seemed like a bang up quarter. Instead, well, guess what? The stock got banged up. Injured Reserve style banged up. Nvidia was at 186 before the quarter, but then it fell at 180 after its report. Today it dropped further 177 on this meta news down $4.73 but it did fall as low as $169.
Now considering it traded at 212 at the end of October 169 I mean that is quite amount of loss. The house of pain. Let's add a few more indignities to the story of Nvidia. Meta jumped nearly 4% today because investors bought the I bought the stock hoping that these new chips from Google could lead to better gross margins for Meta.
That's another Mag 7 about to make a comeback as it benefits from not having to spend a lot of money with Nvidia. At least the critics say. Now, you could argue that all this is just inside baseball if it weren't for the fact that well, let's say a couple of other facts. First, the super large customer.
Another one is Open AI and that's been the subject of stories about a seemingly precarious balance sheet. Insult to injury. There are short sellers circulating with what I regard as dubious condemnations that include linking Nvidia to companies with fraudulent accounting that amounted to criminal enterprise.
There are people saying that Nvidia is the next Enron, which I've got to tell you is categorically absurd. So why not just dump Nvidia if you can't take the pain? All right, I play with an open hand for my trust. So I I want to explain why I won't give up on this one. I want to explain why I say own don't trade the stock of Nvidia.
First, historically, it's been a bad idea to dump any of the Mac 7 out of fear. We sold Google for the travel trust at a considerable game, but we left a darn double on the table. I thought Google will be hobbled by antitrust wos and a judge who seemed bent on punishing it as a monopouist. Instead, the judge changed his mind and bless the company, including the $20 billion payment to Apple to be the sole built-in search provider.
I thought the Gemini, their AI product would cannibalize Google's amazing search margins. No, it complemented them and enhanced them. The only reason I'm not kicking myself is we took our profits from Google and invested them in Broadcom, which has been a really outstanding performer. Still, it was a mistake to throw in the towel because of fear.
And you know what? I feel the exact same way about Nvidia. And I've been thinking about this non-stop since they reported. See, these near-term concerns, they got some validity. Of course, I'm not denying them. So did the antitrust action against Google. They most certainly matter, just like the possible cannibalization of Google by Gemini.
For all we know, this may be the beginning of the end of Nvidia's AI dominance. I just don't see it like that, though. With the exception of the bogus accounting charges that I won't even dignify with the response, I wish Nvidia had alluded to them either, by the way. I think their problems are not insurmountable.
In fact, these remind me of the same problems I've heard all the way up from when I liked Nvidia and it was just a several hundred billion dollar enterprise instead of the $4 trillion enterprise it is today. I saw so many people leave the stock for so many other reasons that are just like these. That's why I say own it, don't trade it, Nvidia.
So, the bottom line, if you don't like Nvidia, you don't have to own it. Nobody's putting a gun to your head. But let me give you a little kod here because I'm kind of angry about this. Here's your hat. What's your hurry? And don't let the door hit you on the way out of Nvidia. Let's speak to Shelley of Virginia, please.
Shelley. Hey, Jim. I love watching you on Squawk and Mad Money. You're the best. Thank you, Shel. Hey, Faber's pretty funny guy, you know. And of course, Carl's a great, you know, Carl's rock Jialter. What's going on? My question is on Disney. I've had Disney for a long time. It's gotten pretty beaten down.
Is Disney a buy, sell, or a hold? I think Disney's a hold. And I say that because I simp I think it's too cheap to give away. But I felt higher prices that I just wanted to say, you know what, this thing could go to 95. Maybe I take a look at it there. But it doesn't have the earnings. It had a quarter that everyone thought was good and and it was just hated.
What happens if it has a not great quarter? I say look out. I'm going to go to Ken in California. Ken, hey Jim, thanks for taking my call, man. I'll make this short and sweet for you. Uh, this company, they got uh, decent cash flow, supports a good dividend, and I'm not sure if I can mention their name, but you got one of the biggest investors out there gobbling up a third of their shares.
So, hit me with it. What's up with SiriusXM? All right, look, I think it's just it does. You need to have more car sales. You need to have more growth in used cars. You need to have that before you can just say, you know what, it's time to load the boat up. Serious. And that's the problem. All right.
Anyway, look, you can either lean into the AI trade, but just stay away. I don't care. Don't like Nvidia? You don't have to own it. I'll make money tonight. Best Buy just hiked its four-year outlook. So, could consumer tech be the best new way to play the retail space? I'm checking in with the CEO fresh off the cup report.
Then, there'll be a lot of publicly traded representation on your Thanksgiving table this week. I'm covering those companies and see if you should carve some space in your portfolio for these names. And up over 40% in the last 6 months, the life science company Agyant, letter A, has been a quiet winner. Could the momentum continue? I'm sitting down with the company's top brass. S]
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