After CEO Jensen Huang resigned Thursday, Jim Cramer advised Nvidia investors to take some profits to preserve their capital. He said shares trading around $163 intraday provided an opportunity to reduce sizable positions, even though he believes the company remains highly valuable. His charitable trust bought Nvidia shares in 2017, before the company’s artificial intelligence boom, and has held them without interruption since 2019 while booking profits along the way. Cramer remains confident in interim CEO Colette Kress, the chipmaker’s longtime finance chief, as well as its engineers and leading artificial intelligence chips. He compared Nvidia’s leadership transition with Apple’s succession of Tim Cook following Steve Jobs’s death in 2011.
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