Cramer shares what stocks to own following today’s GDP report

Nasdaq Composite is building on its recent gains this morning even though the Bureau of Economic Analysis revised its reading for economic growth in the final quarter of 2022.

Cramer remains bullish on tech stocks

On Thursday, the Commerce Department said the U.S. economy grew at an annualised pace of 2.6% in Q4 versus the previous estimate of 2.7%.

Nonetheless, that’s a strong enough reading for Jim Cramer to remain bullish on the high-quality mega cap tech stocks. On CNBC’s “Squawk Box”, he said today:

The tech-heavy Nasdaq Composite is up more than 15% for the year at writing.

U.S. jobless claims edged higher last week

Also on Thursday, the weekly jobless claims came in at 198,000 – up 7,000 versus a week ago and higher the economists’ forecast of 195,000. Cramer added:

One of the tech stocks he particularly recommends owning is Nvidia Corporation (NASDAQ: NVDA) that he’s convinced is best positioned to benefit from the growing focus on artificial intelligence.

Shares of the multinational tech behemoth are still down more than 15% versus their record high.