Cramer's Morning Take: Nvidia & GE Vernova 4/28/25

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Jeff Marks (0:26)

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Jim Cramer (1:04)

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

Jeff Marks (1:12)

The index has made an incredible comeback.

Jim Cramer (1:14)

Yes, it has.

Jeff Marks (1:14)

It's only down about 2.5% since those initial so-called reciprocal tariffs were announced. So it is a fallback. At the same time, dealing with restrictions, NVIDIA, they had to write down a lot of the inventory at the age 20s.

Jim Cramer (1:31)

Now there's a story in the Journal Today. Now we have this Huawei story. This is very like DeepSeek. It's like DeepSeek was right here and you can see no matter what NVIDIA does, it goes down. Now, we sold some NVIDIA because we didn't want to be the NVIDIA fund and also because, just so it's really clear, if the government is really against you, and this government is a very powerful government, you can't just say, I don't care. That's a recipe for destruction because this is a government like no other government. It is not sitting here thinking about, well, what happens to NVIDIA? That's a big American company. It doesn't think like that. It just doesn't.

Jeff Marks (2:04)

Well, I mean, the story says the chips are more powerful than the H100, which is the hopper. It doesn't mention how they stack up against the Blackwell, which is what everyone's buying now. Right. And it also says the chip is less power efficient than the H100. You guys were saying on Squawk Box, maybe not as big of an issue for China because they're doing a lot more in terms of nuclear power and solar.

Jim Cramer (2:29)

They don't care about the environment. They just care about the economy. We're thinking about buying some GE Brnova because we will now be in a situation where if you want to get equal in terms of your trade deficit with us, you can either buy Boeing planes or you can buy GE Brnova turbines. It is pronounced turbine like a turbine, not turbine. I think it's actually very realistic to expect that that segment is not going to quit. I like the fact that this is headed down. It is only up 12 percent for the year. There are a lot of other stocks that are up much more. I just think it's important to point that out.

Jeff Marks (3:04)

Yeah, we added it to the bullpen on Friday. You had the CEO, Scott Strazek. You also had him on MAD last week. Just talking about the world is entering an era of accelerated electrification and also dispatchable power generation. It's a matter of national security. Look no further than what's happening in Europe today.

Jim Cramer (3:19)

And he's moved up.

Jeff Marks (3:20)

The blackouts in Portugal and Spain.

Jim Cramer (3:21)

Oh my God, that's incredible. Germany doesn't have enough power. What's happened, just so you know, he's pulled forward nuclear three years. Nuclear's going to be 2030 You used to think it was 2033 Yeah, it's very important.

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