Jim Cramer Notes That Companies Like Nvidia Earn Their Premium Through Results

NVIDIA Corporation (NASDAQ:NVDA) is one of the latest stocks on Jim Cramer’s radar. Cramer explained why the stock deserves a premium. He stated: “The average stock in the S&P 500 currently trades at 23 times next year’s earnings. These data center stocks tend to trade at a premium to that level… NVIDIA’s at around 30 times next year’s numbers… But remember, some stocks deserve to get a higher premium. I mean, come on, companies aren’t equal. Some are better than others. The ones that I just mentioned are ...