Jim Cramer on NVIDIA: "Anything That Allows the Company to Sell in China Would Be Huge"

NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks that received Jim Cramer’s latest comments. Cramer noted the recent chatter around the President allowing the company to sell its chips to China. Cramer remarked:

“… Which brings me to the most controversial, alleged loser, and that’s NVIDIA. This chip company reported a blowout last quarter, and its stock flew up in the morning only to reverse and ultimately get hammered in the afternoon, finishing well off its high. The market needs its biggest stock to do well. That nasty reversal and its decline from $212 to $182 and change has been a nightmare. The nightmare seemed to end when we heard that the president is once again thinking about letting NVIDIA sell chips to China. Right now, the company’s not including any numbers from China in its projections. So anything that allows the company to sell in China would be huge. And that I think is why the stock led from $176 at its lows today to $182 and change… Close up $3.67.”

NVIDIA Corporation (NASDAQ:NVDA) develops accelerated computing and AI platforms, GPUs for gaming and professional use, cloud services, robotics and embedded systems, and automotive technologies.

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.