Jim Cramer Says “NVIDIA’s at the Heart of the Data Center” Ahead of Its Earnings

NVIDIA Corporation (NASDAQ:NVDA) was among the stocks Jim Cramer looked at as he explained the need for a tame bond market for the stock market to go higher. Cramer called it the “most important stock in this entire market,” as he commented:

After the close (Wednesday), we get results from the most important stock in this entire market, and yes indeed, that is NVIDIA. If the data center’s the most important piece of this economy, and I would say it is, then NVIDIA’s at the heart of the data center, the beating beauty that’s helped propel our market to incredible highs, including its own stock. Now, I’ve been telling you to own NVIDIA, do not trade it, since the days when it was in the low single digits.

Sometimes, it tries men’s souls and women’s souls, like when it was stuck under $200. I said stay with it. It’s now at $225. Now, my modus operandi going into the quarter is that once again, don’t focus on the short term. The growth here should be spectacular, the earnings, colossal. Stock’s been running though. I’m glad it cooled off today, dropping 10 bucks, but it was up 10 the other day. I am cognizant we need a perfect quarter for NVIDIA to go much higher. And you know what? Then again, we might get it.

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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