We recently published a list of Was Jim Cramer Right About These 16 Stocks?. In this article, we are going to take a look at where Nvidia Corp. (NASDAQ:NVDA) stands against other stocks that Jim Cramer discussed 12 months ago during his show on March 18, 2024.
On the most recent episode of Mad Money, Jim Cramer advised his viewers against exiting the market entirely, despite the sharp sell-off. He also reminded viewers that, historically, the market has always found its bottom, and stocks can rebound over time. Cramer then addressed the idea of selling everything but he raised an important question saying:
“Sure you can get out, but can you get back in? Selling everything right now feels great. We know that President Trump is now hanging with the bears… As he himself said you can’t really watch the stock market, the stock market’s the problems of the rich, and they don’t matter as long as it, they can take a hit. And that’s a zeitgeist from the Walmart White House where Trump’s giving us everyday lower prices for stocks.”
Cramer then pointed out the disparity between President Trump’s approach and what long-term investors might believe is the right course of action. In the past, Cramer noted, figures like Trump and Federal Reserve Chairman Jerome Powell were seen as stabilizers, or “puts,” that would help cushion the market’s downward moves. However, no one seems to be talking about that kind of support lately. He added:
“People are capitulating because they want to get rid of the pain and they don’t want to lose the game… See, there’s just one problem. How do you get back in?”
Cramer also highlighted a common pitfall: many investors get scared off during market downturns and fail to seize the opportunity to buy strong companies at lower prices. He pointed out that this fear leads people to miss out on significant future gains, leaving them on the sidelines while others take advantage of lower stock prices and reap substantial rewards.
“It’s why you should be thinking of buying the great companies here, not selling them. To not get good merchandise as it starts being really cheap is a failure of imagination, to not have held them all the way could be a failure of recognition.”
Methodology
For this article, we compiled a list of 16 stocks that were discussed by Jim Cramer during the episode of Mad Money on March 18, 2024. We then calculated their performance from March 18th, 2024, market close to March 7th, 2025, market close. We have also included the hedge fund sentiment for the stocks, which we sourced from Insider Monkey’s Q4 2024 database of over 900 hedge funds. The stocks are listed in the order that Cramer mentioned them.
Note: This article covers Jim Cramer’s commentary from March 18, 2024, and does not account for any changes in his opinions regarding the stocks mentioned. Therefore, the commentary should not be mistaken for his latest opinions on any of the stocks that are mentioned.
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A Stock to Own, Not to Trade - Jim Cramer on Nvidia Corp. (NVDA)’s AI Power
At the time, Cramer was highly bullish on Nvidia Corp. (NASDAQ:NVDA), emphasizing its dominance in AI and high performance computing. Broadcasting from Nvidia’s GTC conference, he described the company as essential to the next Industrial Revolution and that he saw the stock as a long-term investment. Here’s what he said:
“Nvidia is the helper, the expediter, the cost saver… Nvidia creates time, eliminates waste, and invents knowledge that hasn’t been invented yet. Maybe that’s what makes Nvidia a stock to own and not to trade.”
Nvidia’s stock is up by 28.44% over the past 12 months.
Here is what Jim Cramer said on the 26th of February about the company:
“Okay look NVIDIA’s really, hard, there’s a good scorecard out today, one of the firms, I think NVIDIA has to do beat and raise, traditional beat and raise. And I think the problem is that their major product Blackwell was still hard to get. Although SuperMicro by the way, congratulations on not being de-listed, has been putting a lot in. Remember the problem is, and Dell too. HPE, not as many. The problem is the actual, you have to build them, take em apart and them build them again. That’s a very complicated process. And also we have the DeepSeek, although I think that Jensen will say, the CEO, he’ll say that DeepSeek’s actually good for them. I have been telling people this is not the quarter that is really important because they can’t ship in volume. But I don’t, the confidence level that I have in this quarter is not as high only because, we thought that Blackwell, that is the major version, would be out right now. And I remember Francis, you have to go back to when Intel might be late with 386 or 486 and there would be a gap. And then you had to buy the gap. So what I’m saying is this that if it really gets hit, and they indicate that the rest of the year is going to be fine. I think you take advantage of it. But, it’s got so much, I mean, this morning Frank, they had a guy on. The number of, it was actually, it was. . . talked about all the different instruments that are betting on it. And then I talked with Vlad Tenev at Robinhood, the number of zero day, not the movie, the number of zero day options that are bet on this thing, have made it so it’s actually in control of the actual underlying!”
Overall, NVDA ranks 12th on our list of stocks that Jim Cramer discussed 12 months ago. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. 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 the cheapest AI stock.
