Jim Cramer on NVIDIA: “It’s Indispensable If You Want to Keep Up With the New Industrial Revolution”

• StockStory Top Pick NVDA -0.97%

NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer put under the spotlight. Cramer noted that he has no clue about how the company will report. He commented:

“I want to start with the toughest one, which is NVIDIA, that reports tomorrow. Now, I have no idea what NVIDIA will… I have no idea what they’re going to report whatsoever. I will say this, though: NVIDIA stock was at $212 on October 29, and now it’s at $181 and change. I got an idea. I think you certainly aren’t buying this one at the high. The stock sells at just under 40 times this year’s earnings, which is expensive.

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