Jim Cramer Discusses These 7 Stocks & Is Sick And Tired Of Negativity

3. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders In Q4 2024: 223

NVIDIA Corporation (NASDAQ:NVDA), whose shares were at point the market leader in terms of market capitalization, are now shunned by the market. They are down by 15.9% year-to-date as they have struggled to recover from January’s DeepSeek selloff which bled nearly $600 billion in market value. NVIDIA Corporation (NASDAQ:NVDA) has failed to convince investors that the demand for its products will grow. This was also the case after this week’s GTC conference, which failed to stimulate the stock despite CEO Jensen Huang’s focus on robotics. Here is what Cramer said:

“[On Huang saying NVDA will be the foundation for the world] I wish I could say it was just hubris. The market seems to think it is. Stock’s selling for arguably 19 times earnings. I think it’s all wrong. I think NVIDIA’s an inexpensive stock. One trillion in total addressable market for the cloud. One trillion for autonomous vehicles. One trillion for robots. The robots I saw David were really the stars of the show. They were remarkable whether they’d be little droids or whether it be robots I had a very robust discussion with. The only thing they wouldn’t talk about is tariffs. They’re much better sweeping floors and putting things in the dishwasher.”

“I don’t know if we have a seven second clip of what Jensen’s saying about the President in his meetings, and how he’s actually going to bring some manufacturing here. He doesn’t really manufacture anything but he’ll use Taiwan Semi.”

“Well I think that Jensen feels that the last year this time he had a good business. Now it’s a hundred times more than he thought. Literally. 365 days. Again, the stock is saying, don’t believe what that man says. Just ignore him. I can’t do that. He’s too good. He’s too rigorous. I’m against the sellers who come out every single morning . . .in a moment of exasperation said, they’ve turned the greatest company we have in this country into a meme. The traders don’t know what they’re doing.”

“It means that the people who are selling it right now at nine, eleven, after nine, they don’t know the difference between I don’t a power, a gas powered drill and a battery powered drill.”

“David this is an example of what I’m talking about. The clown show that exists before the market opens. NVIDIA was at 118 and 30 cents, when we were slamming them down . . .and now, it was at 116 when I got up. And now it’s at 118. Tell me about what that’s worth. What does the market do at 4am that is so. . .”