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Click here to see other videos from our team. Try refreshing your browser, or It's so horrible that I want to buy it'' -- Jim Cramer likes these 2 beaten-down tech names The market doesn't seem to find a bottom. The S&P 500 has fallen about 16 per cent year to date, while the tech-centric Nasdaq is down 26 per cent over the same time frame. CNBC s Jim Cramer sees plenty of opportunity in the market, even though the market is downturning. In fact, the Mad Money host recently revealed two stocks he wants to buy right now. Here is a quick look at each of them. Cramer has been a fan of Apple for a long time. He said he has been a long time on the company since his daughter owned a blue and a pink iPod. Cramer thinks it is time to hit the buy button again because of the recent drop in Apple's share price - the tech giant is down 20 per cent year to date. He says it's been straight down.
In the latest earnings conference call, Apple CEO Tim Cook said that the company hasn't been immune to supply chain disruptions. Supply constraints - related disruptions and silicon shortages - could affect sales by US $4 billion to US $8 billion, according to CFO Luca Maestri. Cramer thinks the iPhone maker will be fine, citing his recent interview with Micron Technology CEO Sanjay Mehrotra. In the most recent quarter, iPhone sales grew by 5.5 per cent year-over-year to US $50.6 billion and accounted for 52 per cent of Apple's total sales. If you are feeling trepidation about the share price, you can use a popular investing app like Wealthsimple to buy fractions of Apple shares with as much money as you are willing to spend.
Nvidia shares have had a good bull run over the past decade, as a leading manufacturer of graphics cards. The rally came to an abrupt end in November 2021. The stock has fallen 50 per cent since reaching a peak of US $346 in late November. Nvidia's plunge is substantial even when compared to other beaten-down stocks in the semiconductor sector. Cramer has taken notice. He says that Nvidia has been cut in half. It is the worst chart I have seen. It is so horrible that I want to buy it. Nvidia's business is performing well, making it a particularly intriguing contrarian idea. The chipmaker generated $7.64 billion of revenue in fiscal Q4. The amount was a 53 per cent increase over the year, but also a new quarterly record.
Revenue from gaming increased 37 per cent year over year, to a record US $3.42 billion. Revenue soared by 71 per cent to a record US $3.26 billion, according to the data center's second-largest segment. Nvidia will report Q 1 FY 23 results on May 25 after the closing bell. With the S&P 500 down since the beginning of the year, it may be a good time to look at investments that don't track the stock market, such as blue-chip art. The wealthy investors who have the thousands or millions needed to buy high-end artwork have traditionally only been able to access fine art. This article was created by Wise Publishing. Wise is dedicated to providing information that helps readers navigate the complex landscape of personal finance. Wise partners with brands that it believes may be helpful to the reader. This article is not intended to be construed as advice. It is provided without any warranty of any kind.