Jim Cramer on NVIDIA: “To Me, You’re Only Being Given a Chance to Buy a High-Quality Stock at a Lower Price Than You Normally Expect”

NVIDIA Corporation (NASDAQ:NVDA) was featured on Mad Money as Jim Cramer shared his take on the stock amid a sliding macro environment. Cramer called it the “easiest stock in the world to trade,” as he commented:

First, we have to ask, is NVIDIA stock down because of the war? I contend the war has something to do with NVIDIA, but it’s not totally quantifiable. I will posit this: NVIDIA’s a big, big part of the stock market itself, and it’s also the easiest stock in the world to trade. I think it’s going down because it’s so easy to get back in at a lower level… Next, is NVIDIA down because interest rates are going up largely because of war-related inflation? Entirely possible. The company will do better with lower rates because lower rates make it easier to build more data centers.

That said, if the war ends soon and we have a new Fed chief, you’ll feel like a moron for staying away from NVIDIA… Third, is there an intrinsic reason that NVIDIA might be down that’s incorrect? I think that’s true… Next item, how about oil? NVIDIA’s data centers run mostly on natural gas, which is U.S.-based and is rarely budged. So no, its computers could be impacted, its customers could be impacted, absolutely, but everything you use for NVIDIA is considered mission critical, so I’m not concerned…

Finally, we need to know is there anything about demand here that could be dropping off, war or not?… Last week, I attended the NVIDIA GTC conference, and I…