NVIDIA Corporation (NVDA): Jim Cramer Says Demand Is 'Insane' - But the Government Holds the Keys

We recently published a list of Jim Cramer Reveals Details Of Trump’s Tariff Negotiations & Discusses 10 Stocks. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other stocks that Jim Cramer discusses.

In his recent appearance on CNBC’s Squawk on the Street, Jim Cramer commented on the supply chain disruption that firms were facing and planning for in the wake of President Trump’s tariffs. “I think that this was the week where people said I better have an alternative supply chain, I just have to. Wherever it is, which is going to hurt the gross margins,” Cramer said.

Cramer also linked the current supply chain disruptions to the one that businesses faced during the coronavirus pandemic. Cramer mentioned an unnamed CEO who had prepared for the current disruption by learning lessons from COVID. According to Cramer:

“I’m speaking to a major CEO, at a major tech company who said, do you think that we didn’t learn anything from COVID? COVID was a total shutdown [in] China and we learned to move away from China. And China misjudged what we learned during COVID.”

The conversation then shifted to President Trump’s negotiations with America’s trading partners. While most media attention has focused on China, he mentioned negotiations with Japan and South Korea. Starting with Japan, Cramer outlined:

“I was talking to someone who has been in on the Japanese negotiations. And I asked for color. And he said, they’re color-full. But that someone’s playing very hardball, in our country, and I presume, that someone is, obviously our President. And I said, does he know that you are our friends, and he just didn’t respond. I thought it was interesting.”

As for Korea, he believes that the country is the Trump administration’s favorite due to its already sizable manufacturing presence in the US. Cramer shared:

“My answer on Korea is, that. . . they are loved. . . Okay, so Korea builds plants here right, and they are not the plants like the Germans they are not assembly plants, they make everything here, so they are brought up, constantly as the paradigm, like why can’t you guys be like Korea? Where all the intellectual property is made here. And I think it’s rather amazing. . .I brought them up as being why are they getting a free ride to some people? And they said no, there’s no free ride, they actually listened to what we wanted.”

Of course, since China is the President’s first target when it comes to negotiations, it was unsurprising that the country came up. Cramer isn’t a fan of China. What amazed Cramer was Hayman Capital Management founder and CIO, Kyle Bass’s comments where he outlined “one country lies, one country doesn’t. . .China lies. Look I find these talks unfathomable. I don’t see any progress.”

As for who has the cards in the negotiations between the US and China, Cramer said: “Well, that’s the problem. We don’t know.”

Our Methodology

To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on April 25th.

For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders In Q4 2024: 223

NVIDIA Corporation (NASDAQ:NVDA) is the world’s leading AI GPU designer. While it became the world’s most valuable company due to its exposure to AI spending and data centers, the fall has been equally remarkable. NVIDIA Corporation (NASDAQ:NVDA)’s shares have lost 21% year-to-date as the stock has struggled after the DeepSeek selloff. Cramer’s previous remarks about the company have stressed that it continues to enjoy exposure to data center demand. His recent thoughts built on the theme:

“Okay so I’m gonna give you, how to read that, you can dismiss it, but I’ll give it to you. Taiwan Semi, discount versus NVIDIA is how you look at it. The Taiwan Semi, the discount, it’s 17 versus 23 times earnings, that is simply the discount of, a, I don’t wanna say it, takeover, because that gets people scared. But an encroachment by the People’s Republic of China.”

“Morgan Stanley put out a piece, and it’s very confusing. Because they’re cutting the price target, I don’t know what that’s about. But, this is what you need to know. This is supply limit. They just don’t have enough. There’s a shortage of inference chips, the core demand for GPUs has shot higher. So in the last four weeks, business has accelerated. I want to, meld this with what was said on the call last night for Alphabet. Where they basically said, listen, listen who we are. We’re the ones who have the call on NVIDIA, we’re the ones who have Blackwell. . . That’s who we are. Now David, for a while, remember after the DeepSeek moment, that no one seemed to want to know about NVIDIA? Well, I’ll tell ya, NVIDIA’s back. Do I want to buy it here? I don’t know. Because remember what you said about China? We’re waiting for the diffusion rules from Trump, about whether the 18 countries, or whether they’re gonna expand it or contract it. But when it comes to demand, it’s insane.”

“I still had the huge position for the trust, but I just think that this is much more in the hands of the government. . .[The call was] to trim it, to trim it. It’d been my second largest position. . .I have to tell you that it’s up to the government.”

Overall, NVDA ranks 2nd on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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