Nvidia (NVDA) -) is heading lower, but CNBC's Jim Cramer -- one of Nvidia's biggest boosters -- says not to panic because the decline is to be expected after such a strong run up.
The stock had dropped more than 10% over the past four weeks, but Cramer isn't blinking as the stock has made a more than 200% jump in value year to date.
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"Nvidia has been the leader in the decline of Nasdaq, arguably even more than Apple... I'm going to warn people -- nobody likes Nvidia more than I do -- this stock is not rallying yet. I had a great chartist on (Mad Money) who says it's going to be the worst stock in the month of August," Cramer said on television Monday.
But it's frustrating for some investors since Nvidia is clearly the class of the industry when it comes to graphics chips for artificial intelligence. However, the stock is extremely expensive at the moment with a 228 times price to future earnings multiple.
"Just because a stock has a great product...does not mean it can grow to this sky. This is a quarter that's already been preannounced with $4 billion more in sales than people expected," Cramer said.
So if you are an investor crying about a downturn in the stock, Cramer has some advice for you.
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"Don't get in it then! If you can't take the pain, get out of it," Cramer said.
"Those who are now saying 'how could you have hurt me Nvidia' get the heck out of Nvidia. I don't care who you are or what you earn, I'm finished with you."
Nvidia's was one of the biggest gainers on Monday, climbing more than 6% in the afternoon session.
Check out the full segment below.
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