Cramer Urges Buy NVIDIA on Dips as TAM Expands at 15x Earnings

Jim Cramer on April 21 urged buying NVIDIA Corp on any dip, highlighting its expanding total addressable market, 15x earnings valuation below the S&P average, and ongoing demand from Google and Amazon ahead of May 20 results. This caps a week of bullish calls after shares rebounded from a sub-$165 trough—under 17x forward earnings less than a month prior—to around $196, with NVDA up 4.5% YTD. Supporting factors include a $2 billion Marvell investment and Rosenblatt's $325 Buy target, signaling restored confidence in AI-driven growth.