Cramer Says NVDA's Future "Is Up to the Government"

On Friday, Jim Cramer said that the demand for Nvidia's (NVDA) chips is "insane."

But with the Trump administration still yet to determine how many chips the tech giant will be allowed to export, NVDA's future is "up to the government," Cramer said.

The well-known stock picker advised investors to "not do anything" with NVDA stock.

Cramer's Upbeat Comments on NVDA

NVIDIA does not have enough chips to meet the demand for them, as the "core demand for its GPUs has shot higher,"  Cramer quoted Morgan Stanley as saying. Further, Alphabet (GOOG) recently noted that it is heavily using NVDA's new Blackwell chips, Cramer noted.

Nvidia's business has accelerated, and after fears about the impact of DeepSeek on its business, "Nvidia is back," the stock picker said.

Why Cramer Remains Cautious on NVDA

 Investors are "waiting" for the Trump administration to determine the extent to which NVDA will be allowed to export its chips in the future, according to Cramer.

Noting that he had previously advised investors to "trim" their NVDA positions, he now advises them to do nothing with the shares.

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