We recently published a list of Jim Cramer Sees Opportunity in Pessimism and Highlights These 12 Stocks. In this article, we are going to take a look at where Nvidia Corporation (NASDAQ:NVDA) stands against other stocks that Jim Cramer discusses.

In his latest appearance on CNBC’s Squawk on the Street, Jim Cramer pushed back against widespread pessimism surrounding the U.S. economy, particularly when it comes to the health of the consumer. Referencing recent data and strong bank earnings, he argued that fears of a sharp slowdown are overstated:

“Consumer spending is up nicely. I mean, for all the things you hear about, the pessimistic surveys, year over year is good. And David, I think that as we forget, as long as unemployment stays as low as it is, we’re going to surprise people in terms of the economy, despite the fact that there’s a lot of stir and drag when it comes to the White House.”

READ ALSO: Jim Cramer’s List of 16 Stocks to Buy Right Now and Jim Cramer Answers If the Market Has Bottomed and Weighs In On 11 Stocks

Asked whether the consumer will remain strong in the face of tariffs and political noise, Cramer stayed optimistic, saying jobs matter more than headlines:

“I think that the agri-consumer, as long as they have jobs, yes. I don’t think they sit there and say, you know what, there’s coming tariff, I’m going to just disappear. Now you can see these numbers are pulled through. I don’t buy that. “

He then shifted to the recent dislocation in equity markets, pointing out that even companies reporting solid earnings have seen analysts cut price targets, saying:

“The reset that happened of stocks getting clogged. We’re just now starting to deal with how awful it was. The market just had, that sell-off was so quick and so vicious that companies that are reporting good numbers, the analysts are saying, listen, really good numbers. I’m cutting my price target. I’m not used to that. I’m used to really good numbers and price target bump. “

Later, citing the latest Bank of America survey showing extreme bearishness, Cramer interpreted the results as a contrarian signal that could point to an opportunity for investors:

“Well, I just think that in the end, the fundamentals are going to will out. I think that this survey about pessimism. I mean, that says buy, not sell. So, I mean, I think people are really beaten down. I know people are beaten down.”

Our Methodology

To make our list of the stocks that Jim Cramer talked about, we listed down the stocks he mentioned during CNBC’s Squawk on the Street aired on April 15th.

For these stocks, we also mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

A close-up of a colorful high-end graphics card being plugged in to a gaming computer.

NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund holders: 223

While discussing industrial policy, trade tensions, and the market’s speculative behavior, Jim Cramer highlighted Nvidia Corporation (NASDAQ:NVDA) both for its massive $500 billion commitment to U.S. chip development and its extreme popularity among short-term traders. Here is what he said:

“I think that NVIDIA commitment to the country of five hundred billion dollars was fantastic. […] The commitment NVIDIA made, if you believe in the commitments, the commitment that Apple’s made, these are good for our country. […]

Witness the Apple NVIDIA turn. Apple of course had a short squeeze on Monday. NVIDIA is like you know football stock. I mean I’m watching the NVIDIA options trade here. […]

David, Nvidia is up. […] Because the zero-day option clowns and the lunatics who trade this thing every day with the double and triple, I mean, they can kill you.”

Jim Cramer has been talking about NVIDIA Corporation (NASDAQ:NVDA) a lot in recent weeks. Here are his comments from last week:

“I mean, I see NVIDIA saying it plans to manufacture some AI chips in the U.S. and they’re doing some right now in Taiwan’s semi-foundries. What you have to do is you have to say, OK, listen, guys, you have to sacrifice some margin. […]

Also, I don’t know if you saw the notes about NVIDIA to manufacture America made AI supercomputer for US for the first time. Gigantic commitment of a half a trillion dollars. Interestingly enough, that’s the same amount that Apple committed, but people are a little suspicious of the White House about Apple. No one’s suspicious of NVIDIA because we don’t have those chips. NVIDIA’s in all the missiles. Get some checking on this. All the missiles are driven by NVIDIA chips. […]

NVIDIA was up big on Friday. I mean, I told, what I said in my tweet, the shorts will let it go up and then they will target it with zero-day options. I don’t know. I was looking at the amount of trading in NVIDIA. It’s a meme stock, OK? And that’s all it is right now. It has very little to do with the company.”

Overall, NVDA ranks 7th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.