Cramer's Morning Take: Nvidia 3/17/25

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Jim Cramer (1:34)

Jim Cramer here to share with you a sample of my take on the market from today's CNBC Investing Club morning meeting.

Carl Quintanilla (1:42)

Jim, why don't we talk about NVIDIA next, so you're obviously out in San Fran to attend GTC, often referred to as the Woodstock of AI. We got the keynote tomorrow from Jensen Huang. That's gonna be at 10 a.m. Pacific, 1 p.m. Eastern. Expect updates on the Blackwell Ultra, maybe a preview to Rubin, physical AI, you know, robots and autonomous driving. So much more anticipated tomorrow.

Jim Cramer (2:10)

Right, what I'm really counting on Jensen to deliver is what we haven't thought of. Jensen is someone who thinks well ahead of us, you know, the usual chess versus checkers analogy. And what I'm hoping is that everything you just said, he'll cover in the first five minutes and then he'll blow our mind. We need mind blow here. Why do we need mind blow? Because right now, Nvidia has become very pedestrian. We know, for instance, that even though it's a $2.9 trillion company, its stock could move $2.5 this morning or maybe have a couple million dollars in firepower, in pre-market trading. I think that we have, and the reason I mention that is because it's a meme stock. That is one of the curse words that you could possibly apply. A meme stock means it's entirely controlled by a populist element that emanates from Reddit and then pervades through the marketplace. As long as NVIDIA is in the hands of the memesters, it will not be a stock that the institutions want. And that's what you're seeing today. The institutions do not want to touch a stock that is controlled by people who are flitting in and out a million miles an hour using XX, ETFs, and of course, using zero-day options. And this is a pathetic state that will not be addressed by Jensen. But I'm going to continue to focus because we as club members have to recognize what's really going on, which is this stock is out of the hands of the company, out of the hands of the institutions, in the hands of the people who are memesters. And that's just bad news because it means that it's going to be highly emotional. We want this company to return to greatness and we want the stock to return to greatness.

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