Jim Cramer Reveals Details Of Trump’s Tariff Negotiations & Discusses 10 Stocks

2. 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. While it became the world’s most valuable company due to its exposure to AI spending and data centers, the fall has been equally remarkable. NVIDIA Corporation (NASDAQ:NVDA)’s shares have lost 21% year-to-date as the stock has struggled after the DeepSeek selloff. Cramer’s previous remarks about the company have stressed that it continues to enjoy exposure to data center demand. His recent thoughts built on the theme:

“Okay so I’m gonna give you, how to read that, you can dismiss it, but I’ll give it to you. Taiwan Semi, discount versus NVIDIA is how you look at it. The Taiwan Semi, the discount, it’s 17 versus 23 times earnings, that is simply the discount of, a, I don’t wanna say it, takeover, because that gets people scared. But an encroachment by the People’s Republic of China.”

“Morgan Stanley put out a piece, and it’s very confusing. Because they’re cutting the price target, I don’t know what that’s about. But, this is what you need to know. This is supply limit. They just don’t have enough. There’s a shortage of inference chips, the core demand for GPUs has shot higher. So in the last four weeks, business has accelerated. I want to, meld this with what was said on the call last night for Alphabet. Where they basically said, listen, listen who we are. We’re the ones who have the call on NVIDIA, we’re the ones who have Blackwell. . . That’s who we are. Now David, for a while, remember after the DeepSeek moment, that no one seemed to want to know about NVIDIA? Well, I’ll tell ya, NVIDIA’s back. Do I want to buy it here? I don’t know. Because remember what you said about China? We’re waiting for the diffusion rules from Trump, about whether the 18 countries, or whether they’re gonna expand it or contract it. But when it comes to demand, it’s insane.”

“I still had the huge position for the trust, but I just think that this is much more in the hands of the government. . .[The call was] to trim it, to trim it. It’d been my second largest position. . .I have to tell you that it’s up to the government.”