Jim Cramer Shares Reasons Behind Why NVIDIA Corporation (NASDAQ:NVDA)’s Shares Are Finally Rising Jim Cramer's continued support for NVIDIA Corporation (NASDAQ:NVDA) has been a topic of discussion among investors, particularly given the stock's recent surge.
The debate surrounding Cramer's loyalty is closely tied to the broader narrative around AI spending and its sustainability.
Bulls argue that NVIDIA's 85% revenue growth rate in the first quarter indicates that the company's valuation – with a forward price to earnings multiple of 22. 88 – is too low.