Jim Cramer: This Semiconductor Stock Is 'Overvalued' But He's 'Sticking With It'

On CNBC’s "Mad Money Lightning Round," Jim Cramer said he knows Nvidia Corp NVDA is overvalued right now.

However, "I think a year from now, the stock’s going to be higher, and I’m sticking with Nvidia," he added.

When asked about Home Depot Inc HD, Cramer said, "I think that the Fed is directly targeting renovation and building of homes." He added, "But you have to stay the course."

See Also: Cramer Says This Stock Is Up 21 Points - 'That's Way Too High'

The "Mad Money" host said recommended selling GoPro Inc GPRO.

Cramer said Lucid Group Inc LCID is losing a lot of money and he is not recommending stocks that are losing money.

When asked about Tilray Brands Inc TLRY, he said, "Their time has come." He recommended buying the stock.

Wabash National Corporation WNC is a "very, very strong company." "I think it’s a winning idea," he added.

Cramer said he is willing to back SoFi Technologies Inc SOFI CEO Anthony Noto right here.

Market News and Data brought to you by Benzinga APIs
Price Target
Posted In: Analyst ColorLong IdeasNewsPenny StocksSmall CapTop StoriesMarketsAnalyst RatingsMediaTrading IdeasCNBCJim Cramer
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!