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.

Photo by Christian Wiediger on Unsplash

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.

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