Jim Cramer’s Charitable Trust will sell 250 shares of Nvidia at approximately $136.02, reducing its holdings to 1,050 shares and decreasing the weighting from 5% to about 4%. This sale locks in a significant 975% gain on shares bought in March 2021. Despite the sale, Cramer maintains a belief in Nvidia as a long-term investment. However, he emphasizes the importance of discipline in taking profits after substantial gains. The trust has downgraded Nvidia to a rating of 2, suggesting a wait for a pullback before buying, amid potential challenges like increased competition and geopolitical concerns.
