Jim Cramer Discusses NVIDIA as Its Stock Becomes “Cheaper Than a Paint Company”

NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks highlighted in Jim Cramer’s latest Mad Money recap as he provided top stock insights. Cramer mentioned the company’s valuation, as he commented:

Why did we put money to work for the Charitable Trust yesterday, but nothing today? Because investing purely on the basis of being a contrarian is not something that can get you too far. You need a meaningful catalyst to turn things around, and you need to be even more oversold than we currently find ourselves to put more money to work. Let me give you a classic example, NVIDIA. Now here’s a company, the largest company in the world, which currently has a price-to-earnings multiple that’s actually lower than Sherwin-Williams. That’s right. One of the fastest-growing, wealthiest, best-run enterprises in history has a stock that’s now cheaper than a paint company. But you know what, that could be until Monday when it turns out that it’s even cheaper still. That’s the problem with contrarian investing. It can get even more contrary as the market continues its way down.

NVIDIA Corporation (NASDAQ:NVDA) develops accelerated computing and AI platforms, GPUs for gaming and professional use, cloud services, robotics and embedded systems, and automotive technologies.

While we acknowledge the risk and 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. If you are looking for an AI stock that is more promising than NVDA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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