Jim Cramer Calls NVIDIA the Greatest Stock He Has Ever Laid Eyes On

NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks that Jim Cramer discussed. Cramer called the company stock his “best pick ever.” He said:

“The greatest stock that I’ve ever laid eyes on, my best pick ever, NVIDIA, and its wonderous CEO Jensen Huang… So how big could this market for genuine thinking machines be? I don’t know, according to Jensen, 3 or $4 trillion in four years. NVIDIA could triple its revenues from these new chips. I don’t want to sell a stock of a company that’s reinventing the very concept of work. I don’t want to stand in the way of a revolution led by Jensen Huang. I want to be skeptical, but not cynical…

I think the market that NVIDIA dominates is the biggest in the world. If NVIDIA were a software company like Microsoft or Google, we’d be comfortable with paying double the $4.3 trillion that the business is currently valued at… The opportunity for NVIDIA, I think, is in many ways more enormous than any of those, certainly worth $4.4 trillion. But if the company executes as it has, then its valuation could double from the $4.4 trillion it trades at right now, and I wouldn’t mind paying that price…

Last night, NVIDIA reported one of the most amazing quarters ever with more than 50% growth… Do you know that because of the skepticism about NVIDIA, especially the corrosive pessimism about the market in general, NVIDIA stock now sells for a cheaper price to earnings multiple than the average stock in the S&P 500?”

NVIDIA Corporation (NASDAQ:NVDA) develops advanced computing, graphics, and AI solutions, providing platforms for gaming, data centers, automotive technologies, and enterprise AI.

While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.