CNBC’s Jim Cramer said Thursday he hopes Wall Street will abandon its oversized view NVIDIA now that the company’s long-awaited earnings report is in the rearview mirror. Perhaps investors can now turn their attention to other worthwhile stocks that were “lost in the Nvidia chaos,” he said.

“I hope that after this quarter, Nvidia will be just another company, maybe even a boring one,” he said. “One whose value is based on earnings rather than intangible assets.”

Although Nvidia beat estimates and provided stronger-than-expected guidance in its after-market earnings report on Wednesday, shares still fell, ending Thursday down more than 6%. Wall Street had become accustomed to Nvidia beating expectations — as it has done for the past few quarters in a row — and the bar was set very high heading into the quarter. Analysts said the company would have had to report a huge increase for the stock to rise. But these declines don’t undo Nvidia’s meteoric rise this year, as the stock has continued to rise by over 137%. the course of the year so far.

Cramer continued to reiterate his view that investors should own Nvidia, not trade it, but stressed that many now view the stock as unsustainable. Nvidia is not a “miracle worker” or a “cult,” he said – it is a company that enables valuable technology. He added that he hopes those who have bet on Nvidia – rather than investing in the stock for the long term – will move on.

He listed other stocks that he believes deserve investors’ attention, including chip maker AMD, Apple, Amazon And Salesforce. Cramer opined that all of these companies are using generative artificial intelligence effectively, with AMD’s chips being in the same category as Nvidia’s, and noted that Apple is close to launching a new AI-enabled iPhone. He also said that Amazon is successfully using generative AI to figure out users’ purchasing behavior and deliver products quickly, adding that Salesforce’s AI products enable cost-saving automation for its enterprise customers.

“As much as I love Nvidia, I’m thrilled that we can finally return to a market where there are many important stocks that represent many important trends, rather than one stock that has captured the attention of legions of investors, many of whom have no idea what it does, let alone where it stands on the technology food chain,” Cramer said.

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Disclaimer: The CNBC Investing Club Charitable Trust holds shares of Nvidia, Apple, Amazon and Salesforce.