Nvidia(US:NVDA) 247Wallst·2026-03-02 21:14Core Viewpoint - Jim Cramer advocates for Nvidia (NVDA) as a strong buying opportunity, suggesting that the stock is unlikely to get much cheaper, especially for new investors [1]. Valuation Argument - Nvidia reported Q4 revenue of $68.1 billion, significantly beating estimates, and trades at approximately 18 times 2027 earnings, which is below the S&P 500's typical range of 20-22 times [1]. - The company's revenue progression over the past four quarters was $39.3 billion, $44.1 billion, $46.7 billion, and $57 billion, indicating consistent growth rather than deceleration [1]. - 94% of analysts covering Nvidia are bullish, with a consensus price target of $263.39 compared to the current price of $182.05 as of March 2, 2026 [1]. Competitive Positioning - Nvidia's inference chips outperform those from Google and Amazon, and the company has a cost-competitive option in the inference market [1]. - CFO Colette Kress highlighted that demand for inference is accelerating, driven by the need for more compute power as reasoning AI models become more complex, requiring 100 times more compute per task compared to simpler inferences [1]. Market Sentiment - Nvidia's stock has declined about 5% over the past week and is approximately 14% below its 52-week high of $212.18, influenced by macroeconomic factors such as oil price drops and Federal Reserve rate uncertainties [1]. - Analysts view the AI infrastructure buildout as a multi-year trend, positioning Nvidia as a critical infrastructure provider, with the company reporting a year-over-year revenue growth of 73% [1].