Jim Cramer discussed NVIDIA Corp. (NASDAQ: NVDA), expressing perplexity over the company's current stock performance despite its strong market presence. Recently, NVIDIA's shares have increased by 25% over the past year and 8% year-to-date, with a Buy rating and a $350 target from Bank of America. However, reports of a delay in the launch of next-generation AI chips have emerged, which NVIDIA has denied. Cramer questions the perceived value of NVIDIA compared to other industries, suggesting the stock may be undervalued relative to its potential. He believes some AI stocks could offer better returns with lower risk.

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Jim Cramer Was Left Perplexed By NVIDIA Corp. (NVDA)’s Shares

Ramish Cheema

Sat, July 11, 2026 at 8:52 AM EDT2 min read

NVDA \ +4.03%

We recently published Jim Cramer Insisted Recent AI Chip Selloff Wasn't A Bottom & Discussed These 17 Stocks. NVIDIA Corp. (NASDAQ:NVDA) is one of the stocks discussed by Jim Cramer.

AI giant NVIDIA Corp. (NASDAQ:NVDA) is currently in the news these days due to reports of a delay to its next generation AI chips. The shares are up by 25% over the past year and by 8% year-to-date. Bank of America reiterated a Buy rating and a $350 share price target on the firm on July 8th. NVIDIA Corp. (NASDAQ:NVDA) has denied reports that the Kyber platform is being delayed. Cramer, who has continued to support the firm even though its shares have remained lackluster in 2026, believes that the multiple is too low:

"I haven't heard you say that NVIDIA is the great source of funds. . .this Kyber delay, what's changed, what it means, what happened. You know Semi Analysis does pretty good work, saying that everything could be late for NVIDIA because one particular part of their business is late. And, this is I think, eventually [inaudible] filters out, going to, I think, incorrectly hit NVIDIA because I can't even prove the story. But Carl, there are so many long knives out for NVIDIA that at a certain point we have to say does it really deserve the same multiple as a chemical company. Doesn't it have more upside value?"

Jim Cramer Was Left Perplexed By NVIDIA Corp. (NVDA)'s Shares

While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.