NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer picked for his fantasy stock portfolio. Cramer said NVDA looks expensive, but earnings growth justifies the price. He stated:
“Good growth can make your year as part of your portfolio. NVIDIA, therefore, has been the stalwart even though it’s down five of the last six days. Oh boy, I guess… Times have passed for NVIDIA, but you know what? I don’t care. I say, ain’t broke, don’t fix. Who’s the NFL equivalent for one of the greatest stocks in history? I can only mention the aforementioned Ja’Marr Chase as the NVIDIA of your fantasy team… NVIDIA seems expensive at any given time, but when you look back, I bet they’ll both be worth the price, meaning that the price to earnings multiple turns out to be not that high as the earnings continue to ramp.”
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NVIDIA Corporation (NASDAQ:NVDA) develops graphics, computing, and networking solutions, with products spanning GPUs, AI platforms, cloud services, and automotive technologies. The company’s products serve markets including gaming, data centers, professional visualization, and autonomous vehicles.
While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
Read More: Jim Cramer Discusses NVIDIA Valuation and Earnings Power
