• NVIDIA stock is trading at elevated levels. What’s the outlook for NVDA shares?

On Thursday, Cramer was busy giving out his thoughts about the 31 stocks that are part of the CNBC Investing Club portfolio. Here’s what Cramer had to say about three of the top holdings, including one that has struggled to make its turnaround effort stick.

Cramer said new hires may not be working out as part of Nike’s turnaround plan.

“Maybe the situation was even worse than anyone thought.”

While he’s not selling Nike stock, Cramer’s comment on one more time at bat and buyer’s remorse could see him exit this position down the road.

Nike stock is down 28% year-to-date in 2026, with shares down around 15% over the last 52 weeks.

Cramer highlighted Amazon.com Inc (NASDAQ:AMZN) on Thursday, which has its shares up 10% year-to-date in 2026 and up over 40% over the last 52 weeks.

“The move in Amazon’s stock is nothing but recognition. We have been saying here for months that Andy Jassy’s putting up terrific numbers, and nobody seems to appreciate the strength of this company,” Cramer said.

Cramer said Amazon stock may be a “lesson about the need for patience.”

“Why do I cling to Nvidia? I think the better question to ask is, why would you sell it?” Cramer said.

Cramer has often touted his early bullish calls in Nvidia stock and has also preached patience with the stock being more of an investment and less of a trade, often telling investors “own NVDA, don’t trade it.”

“This company is still the most important company in the AI universe, no matter what anyone says.”

Image via Shutterstock