Jim Cramer Defends Jensen Huang and the Power of Nvidia Corporation (NVDA): “Missile-Guided, AI-Driven, and Still the Best Chips”

In his latest quality connected CNBC’s Squawk connected the Street, Jim Cramer highlighted the often-overlooked relation of currency fluctuations and explained wherefore a weaker U.S. dollar mightiness really payment American companies:

“The tariffs are going to beryllium offset by the anemic dollar. People hide that. And anemic dollar’s good. We person a batch of radical who enactment astatine the web who deliberation anemic dollar’s bad. I don’t cognize wherever they get that, due to the fact that if you perceive to a league call, the anemic dollar could prevention america from the tariffs.”

READ ALSO: Jim Cramer’s List of 16 Stocks to Buy Right Now and Jim Cramer Answers If the Market Has Bottomed and Weighs In On 11 Stocks.

As the speech shifted toward geopolitical risks and the strategical rivalry with China, Cramer referenced the book Death by China to exemplify fears astir China’s technological dominance and the imaginable consequences for U.S. nationalist security:

“Look, successful 2011, I got Death by China. When you stop, and the publication is astir Navarro, and it’s fundamentally astir World War III. He doesn’t notation that. I’m adding that. Graham Allison talks astir World War III. He was 1 of my professors. So, hey, perceive up. You can’t even, truthful it’s not adjacent banal close now, but Death by China conscionable talks astir their expansive program to instrumentality america over. And erstwhile you spell backmost and work it, it’s much cogent than you thought. It’s similar Ghost Ship, which is 1 that Mark Benioff gave maine astir however our Navy yet is going to beryllium made of each Chinese chips and we spell to usage it against the Chinese and thing happens.”

While discussing the expanding contention betwixt American and Chinese companies, Jim Cramer re-affirmed his presumption that the U.S. is inactive precise overmuch up of China, saying:

“I deliberation that determination should beryllium a large contention and existent arms race. We shouldn’t beryllium helping them and let’s spot who wins. […] Look, I deliberation that we’re unbelievably great. We’re good up successful scale. I don’t spot the Chinese. I would ne'er privation to usage their worldly due to the fact that I deliberation that they would successful the extremity be, you’d beryllium captive to that regime. I deliberation that we’re inactive ahead.”

To marque our database of the stocks that Jim Cramer talked about, we listed down the stocks helium mentioned during CNBC’s Squawk connected the Street aired connected April 16th.

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