Nvidia's one of the fastest growing companies with one of the lowest valuations, says Jim Cramer
Speakers
Jim Cramer -- Host, 'Mad Money'
— CNBC host, Mad Money
Summary
- Jim Cramer presents a technology and AI-focused thesis following his attendance at Nvidia's GTC conference, framing it within the "fourth industrial revolution."
- He argues Nvidia (NVDA) is at the heart of this transformative period, where AI allows companies and individuals to "do more with less" and create new industries.
- Cramer explicitly states he would buy Nvidia stock if he didn't already own it, calling it "one of the fastest growing firms with one of the lowest valuations."
- He acknowledges near-term headwinds for Nvidia, noting the stock is "over owned" and its lack of upside is related to "the structure of the market," not geopolitics or stagflation fears.
- He identifies a potential beneficiary of the AI infrastructure build-out: Dell Technologies (DELL), which enterprises use to connect with Nvidia. He calls it "undervalued" but stipulates a buy only on a price retreat.
- He also highlights Arm Holdings (ARM) as a beneficiary, citing its tight relationship with Nvidia and the need for its CPU architecture to manage AI agents alongside GPUs.
- The thesis is long-term, contingent on the innovations seen at the GTC conference coming to fruition.
- A key nuance is his distinction between Nvidia's powerful long-term fundamentals and its short-term, technically-driven market positioning.
Trade Ideas
Cramer says Dell is "worth buying" as the company enterprises use to connect with Nvidia, calling it "one of the most undervalued stocks." However, he reiterates it's a buy "only if it retreats a bit from these levels." Dell is positioned as a critical infrastructure provider in the AI ecosystem, directly benefiting from enterprise adoption of Nvidia's technology. Its current valuation is seen as attractive, but the entry point is key. WATCH for a better entry point. The thesis is positive but conditional on a price pullback. The stock does not retreat to a level Cramer deems attractive, or enterprise AI spending does not flow to Dell as anticipated.
Cramer says he "likes Arm Holdings" and thinks it will be a "big beneficiary" from a pivot to using its CPU architecture to manage AI agents, in addition to Nvidia's GPUs. He notes the companies have always been "tight." The evolution of AI systems requires efficient CPUs alongside powerful GPUs. Arm's architecture is seen as "agile" and well-positioned for this need, and its close relationship with Nvidia is a strategic advantage. LONG based on its strategic role in the AI hardware stack and its partnership with the sector leader, Nvidia. The expected adoption of Arm's architecture for AI agent management does not occur as forecasted.
Cramer states he would buy Nvidia if he didn't own it, calling it "one of the fastest growing firms with one of the lowest valuations" and central to the "fourth industrial revolution." He believes the company's AI and accelerated computing platform is transformative, driving efficiency and new industries. The stock's current over-ownership and market structure concerns are secondary if the promising developments from the GTC conference materialize. LONG due to a combination of rapid growth, attractive valuation, and a foundational role in a major technological shift. The innovations demonstrated at GTC fail to materialize into commercial success, or the market's structural over-ownership persists, capping near-term upside.
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This CNBC video, published March 19, 2026, features Jim Cramer discussing DELL, ARM, NVDA. 3 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Jim Cramer · Tickers: DELL, ARM, NVDA