Jim Cramer, the CNBC host and financial commentator, stated that Nvidia Corporation (ticker: NVDA) has transitioned into a "meme stock" and advised investors to reduce their holdings. Cramer emphasized that the stock cannot be owned in the same way as before, indicating a need to trim positions. This shift follows recent developments including a $5.5 billion revenue impact attributed to trade restrictions imposed during the Trump administration. Despite these challenges, Nvidia's stock price declined by approximately 5% but still trades at a price-to-earnings ratio of about 38 based on previous earnings. Analysts have noted that around 25% of Nvidia's revenues have been adversely affected, and tariffs are expected to pressure profit margins further. Nvidia remains a major holding in many investment portfolios, but Cramer's comments reflect growing skepticism about its valuation and future prospects amid these headwinds.