hit the buy button<\/a> once again.<\/p>\n\n\n\n\u201cI want to buy it. I upgraded for the charitable trust. It\u2019s been straight down,\u201d he says.<\/p>\n\n\n\n
In the latest earnings conference call, Apple CEO Tim Cook said that the company hasn\u2019t been immune to supply chain disruptions. CFO Luca Maestri added that supply constraints \u2014 resulting from COVID-related disruptions and silicon shortages \u2014 could impact sales by $4 billion to $8 billion.<\/p>\n\n\n\n
That said, Cramer thinks the iPhone maker will be fine, citing his recent interview with Micron Technology CEO Sanjay Mehrotra.<\/p>\n\n\n\n
\u201cHe said phones are good,\u201d Cramer recalls. \u201cHigher-end phones? Good.\u201d<\/p>\n\n\n\n
In the most recent quarter, iPhone sales grew 5.5% year over year to $50.6 billion and accounted for 52% of Apple\u2019s total sales.<\/p>\n\n\n\n
Nvidia (NVDA)<\/h2>\n\n\n\n
As a leading manufacturer of graphics cards, Nvidia shares have had a solid bull run over the past decade. But that rally came to an abrupt end in November 2021. Since reaching a peak of $346 in late November, the stock has fallen about 55%.<\/p>\n\n\n\n
Nvidia\u2019s plunge is substantial even when compared to other beaten-down stocks in the semiconductor sector. And Cramer has taken notice.<\/p>\n\n\n\n
\u201cNvidia has been cut in half,\u201d he says on CNBC. \u201cIt\u2019s the worst chart I\u2019ve seen. Honestly, it\u2019s so horrible that I want to buy it.\u201d<\/p>\n\n\n\n
Nvidia\u2019s business is performing well, making it a particularly intriguing contrarian idea. The chipmaker generated $8.29 billion of revenue in its fiscal Q1. The amount not only represented a 44% increase year over year, but also a new quarterly record.<\/p>\n\n\n\n
Revenue from data center \u2014 Nvidia\u2019s largest segment \u2014 increased 83% year over year to a record $3.75 billion. Meanwhile, gaming \u2014 the company\u2019s second-largest segment \u2014 saw revenue spike 31% to a record $3.62 billion.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
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