Jim Cramer on NVIDIA: "I Think It Should Catch Up With the Rest of Some of These Big Mag Seven Names"

NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer talked about, along with the memory shortage. Cramer highlighted his discussion of China business with the company CEO, as he commented:

Hardly a day goes by when we don’t see some government intervention in the economy. Yesterday, I spoke to Jensen Huang, CEO of NVIDIA. He was in China… He seemed confident that he could win some meaningful Chinese business, but he said he preferred to keep the potential contracts out of any earnings estimate for the time being.

We ran out of time in the interview before I could ask him how NVIDIA would account for the 25% of China sales that are supposed to go to the US government as part of the bargain the firm struck with the president… NVIDIA stock, by the way, finally showed signs of life. It’s only up 1% for the year. I think that that’s ridiculous. I think it should catch up with the rest of some of these big Mag Seven names.

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.

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