Cramer's Morning Take: Nvidia 5/25/23

SPEAKER_1 (0:00)

Okay, text from the wedding planner. She's talking about a cake pop mural.

Jim Cramer (0:05)

Ah, exciting.

SPEAKER_1 (0:07)

Ooh, it's $8,000. Oh, I don't know, we're trying to save for a house.

SPEAKER_3 (0:12)

Well, you only get married once or twice. The three time stops.

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Jim Cramer (0:29)

I'm Jim Cramer, and you're about to hear a sample taken directly from today's CNBC Investing Club morning meeting. Right back in the soup here, thinking that what matters now, like in 2011, is the rating agencies are starting to say this country is unreliable, and that's causing the rest of the market away from the Nvidia that we'll talk to to go down.

Jeff Marks (0:59)

Yeah, and as you mentioned yesterday on the homestretch, we went back, we looked at the oscillator to see how it fare back in 2011 Well, what do you know?

It became more and more oversold as things really got hairy. But once again, once whenever it reaches this minus double digits figure, you have to hold your nose and do some buying despite some scary headlines at the time, like the S&P downgrade.

Jim Cramer (1:23)

But the truth is we're still not there.

Jeff Marks (1:25)

Oh, no, not even close. We're minus 2.38 yesterday, which was a pretty big jump from around, call it flat the day before, a little bit negative, but not really that minus four jump.

Jim Cramer (1:38)

Right. And we really want to see. Club members know you can get a deal for this oscillator. We're not here to sell the oscillator. We're just here to tell you how right it was.

And it served me very well during that period, because instead of getting emotional, I said, look, once we get to minus seven or eight, I'm going to presume that this thing's going to get resolved in a way that's going to make it so people are out of the market too much. We're not there yet, which is why I said at the end of last night's show, look, I understand. This is not the moment to be a hero. We're going to get hit. What I didn't realize was that Nvidia was going to be so powerful that the hit is not distributed equally.

Just amazing.

Jeff Marks (2:17)

Well, right, of course, I mean, when you beat earnings by 17 cents and you guide the next quarter revenues $4 billion higher, which is the biggest guide up that I've seen. I know a lot of analysts with more experience have been saying, this is the largest guide up they've seen of this magnitude in the last 20 years.

Well, then obviously that's going to cause a very big rally in a lot of stocks too.

Jim Cramer (2:41)

I used to like to think that you're getting the quarter that you might have expected from Nvidia in, say, 2025 It's a year of 2025 is next quarter.

Jeff Marks (2:51)

Maybe even two quarters combined.

Jim Cramer (2:52)

Exactly. Start your day with my outlook on the daily market every morning at 10, 20 a.m. Visit cnbc.com/morningtake to access all the benefits of being a CNBC Investing Club member.

SPEAKER_1 (3:10)

All opinions expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC, NBC Universal, or their parent company or affiliates, and may have been previously disseminated by Cramer on television, radio, Internet, or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Cramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment, or strategy. You should be aware of the risk of loss in following any strategy or investment discussed in the content from Cramer. To view the full CNBC Investing Club disclaimer, please visit cnbc.com forward slash investing club disclaimer.

Okay, text from the wedding planner. She's talking about a cake pop mural.

SPEAKER_3 (3:59)

Exciting.

SPEAKER_1 (4:01)

Ooh, it's $8,000. I don't know, we're trying to save for a house.

SPEAKER_3 (4:05)

Well, you only get married once or twice.

SPEAKER_1 (4:08)

The three times stops.

SPEAKER_3 (4:10)

There's a lot of bad money advice out there. For knowledge you can trust, come to GISA Credit Union. Whether it's saving for the wedding or everything that comes after, we can help get you where you want to be. Find a healthier approach to money at GISA.