## CNBC’s Jim Cramer Reaffirms Confidence in Tech Stocks
Jim Cramer, CNBC’s renowned financial expert, reiterated his unwavering confidence in tech stocks on Tuesday, with a particular emphasis on Nvidia and its seven top-performing peers, often referred to as the “Magnificent Seven”.
### Skepticism Turned Belief
Initially, Cramer shared the skepticism prevalent among investors about the high valuations of tech stocks, especially when their prices were on the rise. This skepticism was particularly strong at the outset of his career when tech stocks were a new and uncertain market. However, a Money Magazine cover story he read four decades ago forever altered his perspective on the value of tech stocks.
The article, penned by a money manager, suggested that tech stocks would bounce back strongly after sell-offs. Despite initial doubts, Cramer admitted that subsequent market trends confirmed the article’s theory, proving to him that tech stocks had a resilience and potential for high returns.
### Tech Stocks: A Worthy Investment
This revelation led to a significant shift in Cramer’s investment approach. He began promoting tech giants like [Microsoft](https://www.cnbc.com/quotes/MSFT/), [Apple](https://www.cnbc.com/quotes/AAPL/), and [Nvidia](https://www.cnbc.com/quotes/NVDA/), among others, as viable investment options to Goldman Sachs. Cramer’s endorsement of these stocks was not unfounded as he considered them as winners in the tech industry.
“Tech has a well-deserved premium because of stocks like Nvidia,” Cramer stated. He acknowledged that selling the stock at its current high might be tempting and could even appear smart if the stock drops following its report. However, he cautioned investors against making assumptions of overvaluation, citing Microsoft as an example of a tech stock that has consistently proven doubters wrong.
### The Power of Long-Term Investing
Cramer further emphasized the importance of long-term investment strategies. He encouraged investors to look beyond short-term market fluctuations and focus on the potential of tech stocks to deliver substantial returns in the long run.
For those interested in gaining a deeper understanding of his investment strategy and approach, you can download [Jim Cramer’s Guide to Investing](https://www.cnbc.com/cramerguide/) for free. The guide aims to help investors build long-term wealth and invest smarter.
Cramer also invites interested parties to sign up for the [CNBC Investing Club](https://www.cnbc.com/jointheclub/) to follow his every move in the market. The CNBC Investing Club Charitable Trust currently holds shares in Nvidia, Apple, and Microsoft.
Disclaimer: The CNBC Investing Club Charitable Trust holds shares of Nvidia, Apple, and Microsoft.
To ask questions or further engage with Cramer, you can reach out via [Twitter](https://twitter.com/MadMoneyOnCNBC) or [Instagram](http://instagram.com/jimcramer).
Original Story at www.cnbc.com – 2023-08-22 23:02:34
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