What You Missed on Mad Money: 5 Stocks Reviewed by Jim Cramer

3. NVIDIA Corporation (NASDAQ:NVDA)

NVIDIA Corporation (NASDAQ:NVDA) was among the stocks Jim Cramer discussed on Mad Money as he addressed investors’ recent overblown worries and growth stocks stuck in bear-market territory. Cramer noted the stock’s recent comeback, as he stated:

NVIDIA, which had become a real laggard, came roaring back to life in the last couple of days. Do you know how many times I heard that Google was eating NVIDIA’s lunch with its own chips? Or how about Amazon was tired of paying the price NVIDIA wanted? Or that NVIDIA was investing in companies so they would buy goods from NVIDIA, so-called circular deals? Or how about when it didn’t get the China orders? The negativity never stopped, just endless explanations for the demise of a stock that never should have been up. Remember how they kept saying never should have been in the first place? It was the most overvalued stock in history. That’s what people were saying. So down goes NVIDIA, down goes NVIDIA…

And it just wouldn’t stop until it got down to $165, less than a month ago. At that level, when it was selling for less than 17 times earnings for what I think will be the forward earnings, we got a crescendo sell-off where everyone who wanted to sell, everyone insisted that something bad was going to happen finally dumped the darn stock. Now, maybe the pain just became too great for these sellers, many of whom didn’t even know what NVIDIA was or did. Whatever bad that was supposed to happen to NVIDIA, it just didn’t happen. And now NVIDIA’s back up to $196.

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.