Jim Cramer: Nvidia Is 'Remarkable'

Katherine Ross

Nvidia receives Chinese approval for the long-awaited Mellanox deal.

The $6.9 billion acquisition of Mellanox is highly-anticipated. 

“..We believe potentially adding highly complementary Mellanox high-performance computing/networking products could enhance NVDA’s critical data center segment, while adding new opportunities in 5G/edge computing,” stated Vivek Arya, an analyst with Bank of America on Nvidia.

However, Craig-Hallum put out a bearish note on Nvidia back on Monday, April 13. 

Analysts at Craig-Hallum downgraded Nvidia to a hold from buy, and also cut the company's price target to $300 from $325 on valuation concerns.

The price target still represents a potential 14% upside from the stock's previous closing price of $262.95. Nvidia shares fell 1.3% to $259.60 Monday morning. 

Watch the full video above for more from Jim Cramer and his thoughts about Nvidia.

Want to know what Jim Cramer and his team at Action Alerts PLUS are thinking about the markets and the stocks they're watching? Sign up on Action Alerts PLUS for more.

Cramer and the team are weighing in on what members need to know about the coronavirus pandemic's impact on the market. Here's how you can recap his entire April show. 

Catch up on the Latest Videos on TheStreet!

LIVE WITH JIM CRAMER - WATCH THE REPLAY
Enter your email to register or login. Registration information may be shared with advertising partners in accordance with our Privacy Policy.