We recently published a list of Jim Cramer’s Latest Calls: Top 10 Stocks. In this article, we are going to take a look at where NVIDIA Corp (NASDAQ:NVDA) stands against other top stocks that Jim Cramer discusses.

Jim Cramer recently talked about the impact of tariffs on the US stock market and mentioned some similar events from history.

“We know that the president, who loves tariffs, is now threatening to put tariffs on our trading adversaries that are as high or higher than the fabled Smoot-Hawley Tariff Act of 1930 — yeah, the one that helped cause the Great Depression. The sellers are not oblivious to history, even with the White House is as they see Trump mimicking legendary president Herbert Hoover, who, despite endless diatribes by economists saying Smoot-Hawley could destroy the economy, championed and signed the bill in the name of — yes — the Working Man, especially the farmers. Exports dropped 60%, and we went into the worst depression in our nation’s history. Hoover regretted it, saying that they should be repealed in 1932 — way too late. I think the comparison is excessive, but you never want to be in the same sentence as Herbert Hoover, should you join the sellers.”

Cramer announced the end of Mag. 7 and said he’s buying low-multiple tech stocks, banks and industrials for his charitable trust.

“I would not jump back into the Magnificent 7 because, as of tonight, there is no mag. Came up with that name, scrapping it right now. No moniker fits the 2 or 3 that remain viable.”

READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In

For this article, we picked 10 stocks Jim Cramer has been talking about over the past few weeks. With each stock we have mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

NVIDIA Corp (NASDAQ:NVDA)

Number of Hedge Funds Investors: 193

Jim Cramer in a latest program on CNBC said NVIDIA's Corp (NASDAQ:NVDA) quarterly numbers were “excellent” and the company has been delivering a steady performance.

“It was a very good quarter. Everyone thought this would be the most eventful quarter of earning season, but it turned out to be a non-event. Why? Because it was terrific, and Jensen Huang gave us terrific numbers. The company posted solidly better-than-expected sales and earnings, with strong guidance for the quarter driven by the strength of their new high-end chips, the Blackwell chips. Fantastic. Bravo. While we still have to worry about tariffs and export restrictions, I have to tell you, the numbers were excellent.”

Nvidia’s numbers might be excellent, but the market will keep punishing the company for not coming up to its gigantic (and sometimes unrealistic) growth expectations. About 50% of the company’s revenue comes from large cloud providers, which are rethinking their plans amid the DeepSeek launch and looking for low-cost chips. Nvidia’s Q1 guidance shows a 9.4% QoQ revenue growth, down from the previous 12% QoQ growth. Its adjusted margin is expected to be down substantially as well to 71%. Market does not like when Nvidia fails to post a strong quarterly beat. The stock will remain under pressure in the coming quarters when the company will report unimpressive growth.

Nvidia is facing challenges at several levels. Competition is one of them. Major competitors like Apple, Qualcomm, and AMD are vying for TSMC’s 3nm capacity, which could limit Nvidia’s access to these chips. Why? Because Nvidia also uses  TSMC’s 3nm process nodes. Nvidia is also facing direct competition from other giants that are deciding to make their own chips. Amazon, with its Trainium2 AI chips, offer alternatives. Trainium2 chips could provide cost savings and superior computational power, which could shift AI workloads away from Nvidia’s offerings. Apple is reportedly working with Broadcom to develop an AI server processor. Intel is also trying hard to get back into the game with Jaguar Shores GPU process, set to be produced on its 18A or 14A node.

Baron Fifth Avenue Growth Fund stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its Q4 2024 investor letter:

“NVIDIA Corporation (NASDAQ:NVDA) is a fabless semiconductor company specializing in compute and networking systems for accelerated computing and AI. Shares increased 10.6% for the quarter and were up 170.3% in 2024, on strong quarterly results, with record data center revenue, which surpassed $30 billion, driven by demand for its Hopper GPUs, while Gaming and Automotive also beat expectations. Key investor debates include the continued progress on improving the capability of AI models (e.g. scaling laws – see more in the outlook section below), transition from AI training to inference and the potential impact on competitive dynamics, and the pace of adoption of AI across industries. Despite near-term uncertainties, we maintain conviction in NVIDIA’s leadership in accelerated computing, driven by its ability to innovate and adapt to market shifts. With robust margins, a dominant data center presence, and a growing ecosystem across hardware and software, we believe NVIDIA is well positioned to capitalize on the structural growth in AI and high-performance computing.”

Overall, NVDA ranks 1st on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of NVDA, our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.