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Nvidia: AI Stock Too Cheap to Ignore?
19 Mar
Summary
- Nvidia stock remains muted despite positive updates.
- Company expects $1 trillion in orders through 2027.
- Dow Jones fell over 750 points amid inflation concerns.
Stock markets faced significant turbulence on Wednesday, March 19, 2026, as oil prices surged and inflation data exceeded expectations, leaving investors cautious. Despite the broader market downturn, CNBC's Jim Cramer identified Nvidia as a stock worth considering.
Cramer highlighted that Nvidia's current muted performance is not due to company-specific issues but rather market dynamics, noting the stock is "over-owned." He believes a breakout is possible if the company's recent GTC developer event announcements materialize, including new inference chips and substantial orders for its Blackwell and Vera Rubin platforms anticipated to total $1 trillion by 2027.
The market's unease was palpable. The Dow Jones Industrial Average closed significantly lower, marking a 2026 closing low and dropping over 750 points. This decline was fueled by inflation fears, exacerbated by rising oil prices linked to geopolitical events and a robust wholesale inflation report for February.
Federal Reserve Chairman Jerome Powell's post-meeting commentary offered little comfort. While he indicated that unemployment levels do not signal a return to 1970s-style stagflation, he acknowledged that inflation progress has slowed. Cramer acknowledged the difficulty in finding attractive stocks in the current climate, reiterating Nvidia's appeal due to its rapid growth and attractive valuation, despite potential short-term pressures from oil prices and Fed policy uncertainty.
