We recently published a list of Jim Cramer Suggests ‘Gunboat Diplomacy’ For China & Discusses These 7 Stocks. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other stocks that Jim Cramer discussed.
In a recent appearance on CNBC’s Squawk on the Street, Jim Cramer discussed potential actions by the Federal Reserve in response to President Trump’s tariffs. Trump has denied having any plans to fire Fed Chairman Jerome Powell, and Cramer commented on the historical context of the current tariffs and Powell:
“Anyone who knows Powell knows that he’s a deep historian of the marketplace. And he’s obviously looking at Smoot-Hawley, the tariff in 1930 and that’s, you could argue, a 33% tariff. And arguing a second that this is higher, and that he knows history, and he knows that Smoot-Hawley was what was one of the things that caused the Great Depression. So, unless you’re ahistorical, you can’t disagree with him.”
The CNBC TV host also discussed how people who were alive during the Smoot-Hawley era are no longer with us so it’s impossible to put it in a real-life framework. According to him:
“Well I mean, we do have Grapes of Wrath, David. Now I think that truth lies in novels. It’s very hard to get the real truth unless you go to novels. . . alright, when you’re a journalist covering homicide, like I was, my editor . . .I try to do this, he goes, Jim that’s for, only fiction can tell the truth about homicide. You just tell the facts. What I’m saying is that if I look at the fiction of what happened in the Great Depression, I have a better feeling than when actually look at the statistics.”
Cramer also stressed that the recent stock market selloff meant that the Magnificent 7, as a term, continued to be irrelevant. “We don’t use that anymore that’s gone,” he said. “Yeah that’s gone. Yeah I don’t know it’s not like the Mag 7. . .no we’re done with that, Mag 7, whole thing. Now it’s the Wild Bunch. . . we’re switching, it’s no more, I mean honestly, Wild Bunch was actually a better movie,” Cramer said.
As for AI, Cramer believes that “[t]his is a winner take all, loser takes none, just like Google was, this is a 200 billion dollar business. Whoever gets the mind share… right now I have every one of these. I’ve got Grok, I’ve got Gemini, I’m not going to go, believe me, one year from now, I’m only gonna have one. And right now it’s Grok.”
On diplomacy, he shared that the “one thing we haven’t done yet is gunboat diplomacy. I’m waiting for that.” So what is Jim Cramer’s gunboat diplomacy? Well, according to him:
“You put something in the straits of. . of every strait, yeah. . the Straits of Hormuz and then of course the Strait of Taiwan. . gunboat diplomacy, the pursuit of foreign policy objectives through conspicuous displays of military especially naval power.”
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 17th.
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).
A close-up of a colorful high-end graphics card being plugged in to a gaming computer.
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. Worries about AI chip demand and sluggishness in the data center industry have weighed heavily on its shares as they have lost 28.5% year-to-date. In his previous remarks about NVIDIA Corporation (NASDAQ:NVDA), Cramer praised the firm’s US chip manufacturing plans in partnership with TSMC and dubbed recent share price movements as being unrelated to the fundamentals. Here are his latest thoughts about NVIDIA Corporation (NASDAQ:NVDA):
“[On Huang’s Beijing trip] Yeah I mean look I know that and I had some talk . .becuase of my club where I’ve said I don’t know if you can still own it but don’t trade it. And not because this isn’t my favorite company and my favorite executive. But because of the erratic nature of the dual Lutnick and Navarro tandem about what we should be doing with semiconductors. I found that it was odd that he could just go and talk. Because we don’t really have that kind of relationship with the Chinese. This was kind of a Nixon to China trip. I don’t know what will come of it. I do know that if you watched Taiwan Semi last week, NVIDIA’s still very much in the driver’s seat.”
Overall, NVDA ranks 4th on our list of stocks that Jim Cramer discussed. 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.
