Jim Cramer Sees Opportunity in Pessimism and Highlights These 12 Stocks

7. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund holders: 223

While discussing industrial policy, trade tensions, and the market’s speculative behavior, Jim Cramer highlighted Nvidia Corporation (NASDAQ:NVDA) both for its massive $500 billion commitment to U.S. chip development and its extreme popularity among short-term traders. Here is what he said:

“I think that NVIDIA commitment to the country of five hundred billion dollars was fantastic. […] The commitment NVIDIA made, if you believe in the commitments, the commitment that Apple’s made, these are good for our country. […]

Witness the Apple NVIDIA turn. Apple of course had a short squeeze on Monday. NVIDIA is like you know football stock. I mean I’m watching the NVIDIA options trade here. […]

David, Nvidia is up. […] Because the zero-day option clowns and the lunatics who trade this thing every day with the double and triple, I mean, they can kill you.”

Jim Cramer has been talking about NVIDIA Corporation (NASDAQ:NVDA) a lot in recent weeks. Here are his comments from last week:

“I mean, I see NVIDIA saying it plans to manufacture some AI chips in the U.S. and they’re doing some right now in Taiwan’s semi-foundries. What you have to do is you have to say, OK, listen, guys, you have to sacrifice some margin. […]

Also, I don’t know if you saw the notes about NVIDIA to manufacture America made AI supercomputer for US for the first time. Gigantic commitment of a half a trillion dollars. Interestingly enough, that’s the same amount that Apple committed, but people are a little suspicious of the White House about Apple. No one’s suspicious of NVIDIA because we don’t have those chips. NVIDIA’s in all the missiles. Get some checking on this. All the missiles are driven by NVIDIA chips. […]

NVIDIA was up big on Friday. I mean, I told, what I said in my tweet, the shorts will let it go up and then they will target it with zero-day options. I don’t know. I was looking at the amount of trading in NVIDIA. It’s a meme stock, OK? And that’s all it is right now. It has very little to do with the company.”