We recently published a list of Top 10 Stocks on Jim Cramer’s Radar as Trump Tariffs Wreak Havoc Across Global Markets. In this article, we are going to take a look at where NVIDIA Corp (NASDAQ:NVDA) stands against other top stocks on Jim Cramer’s radar as Trump tariffs wreak havoc across global markets.
Jim Cramer in a latest program on CNBC said that President Donald Trump’s new tariffs were much worse than expected. Cramer believes investors were getting “tired” of worrying about the tariff threat and went into a “bring it on” mode ahead of the Wednesday announcement.
“Regular viewers know that I’ve never been a huge fan of free trade. It would be fine if everybody plays by the rules, but we’re the only country that plays by the rules. I want fair trade instead, which means tariff those who tariff us just as hard. Of course, I’ve been hoping for reciprocal tariffs, and that’s what we allegedly got, even if they were far more severe than I’d hoped for. With reciprocal tariffs, we hammer specific countries for putting up specific trade barriers or subsidizing specific industries. While we got reciprocal tariffs, I never expected them to be this high, nor did many other people. From Wall Street’s perspective, Trump might as well have used a meatax, which is what we were most afraid of. The term reciprocal meant nothing in the end; the term punitive is more accurate.”
Cramer Calls China an ‘Insidious Octopus’
Cramer called China an “insidious Octopus” and mentioned how the country used several “loopholes” to enter the US and European markets. However, he believes the tariffs will result in higher prices for consumers. Cramer said Trump does not “care” about falling stock prices or rising consumer prices.
“Trump doesn’t seem to care about the stock market this time around. Why should he care about certainty, which I’ve said over and over again is what makes investors happy? He’s not trying to make investors happy. He’s not about happiness for us. He’s about making these countries bend to his will, and if it causes inflation, then it causes inflation. He never promised you a rose garden stock market, and I sure didn’t see one in the Rose Garden today.”
READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In
For this article, we picked 10 stocks Jim Cramer recently talked about during his programs on CNBC. With each company we have 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 Corp (NASDAQ:NVDA)
Number of Hedge Fund Investors: 193
Discussing market volatility amid tariff-related uncertainties during a program on CNBC, Jim Cramer said that NVIDIA Corp (NASDAQ:NVDA) now trades like a meme stock.
“Trump’s change in attitude has terrified the moneymen — the big moneymen. Virtually overnight, they’ve decided that we’re headed for a recession, and it’s going to happen fast. The thesis is that we’re a consumer country, and they think the consumer is finished because of turmoil created by the Walmart White House. At the same time, the big themes of tech — the data center buildout and AI — seem suddenly cursed, victims of that Chinese outfit DeepSeek that has figured out a way to get more computing power from less hardware. Buyers of Nvidia’s expensive chips, see NVIDIA Corp (NASDAQ:NVDA) now trading like a meme stock. Can we just tell it like it is? It’s a meme — that’s why it’s getting crushed. Let’s not fool around — it’s a meme stock.”
RiverPark Large Growth Fund stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its Q4 2024 investor letter:
“NVIDIA Corporation (NASDAQ:NVDA): NVDA was a top contributor in the fourth quarter following blowout 1Q results and guidance driven by strong data center sales (+427% year-over-year). The company reported revenue of $26 billion, up 262% year-over-year, and EPS of $6.12, up 462% year-over-year and 9% ahead of expectations. Revenue guidance for 2Q of $28 billion was 5% above very high expectations. The artificial intelligence arms race, kicked off by ChatGPT and Alphabet’s Bard, among others, has generated tremendous demand for Nvidia’s next generation graphic processors.
NVDA is the leading designer of graphics processing units (GPU’s) required for powerful computer processing. Over the past 20 years, the company has evolved through innovation and adaptation from a predominantly gaming-focused chip vendor to one of the largest semiconductor/software vendors in the world. Over the past decade, the company has grown revenue at a compound annual rate of over 20% while expanding operating margins and, through its asset light business model, producing ever increasing amounts of free cash flow. Following recent results, Jensen Huang, founder and CEO of NVIDIA stated in the company’s press release, “a trillion dollars of installed global data center infrastructure will transition from general purpose to accelerated computing as companies race to apply generative AI into every product, service and business process.”
Overall, NVDA ranks 1st on our list of top stocks on Jim Cramer’s radar as Trump tariffs wreak havoc across global markets. While we acknowledge the potential of NVDA, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. 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 the 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.
