We recently announced a list of Jim Cramer defended American excellence and discussed these 13 stocks. In this article, we're going to look at where Nvidia Corporation (NASDAQ: NVDA) stands against other stocks that Jim Cramer discussed.
In his latest appearance on CNBC's Squawk on the streetJim Cramer highlighted a frequently ignored role of currency variations and explained why the US dollar could actually benefit American companies:
“The tariffs will be offset by the weak dollar. People forget that. And a weak dollar is good. We have a lot of people who work in the network who think a weak dollar is bad. I don't know where they get that, because if you listen to a conference call, the weak dollar could save us from the tariffs.”
Also read: Jim Cramer List of 16 Stocks For Purchase Currently and Jim Cramer is a solution if the market has bottom and weighs 11 stocks.
As the conversation moved towards geopolitical risks and the strategic competition with China, Cramer referred to the book Death by China To show fears about China's technological dominance and the potential consequences for US national security:
“Look, in 2011, I had death by China. When you stop, and the book is about Navarro, and it's basically about World War II. He's not talking about that. I add that. Graham Allison talks about World War II. He was one of my professors. So, hey, listen. Mark Benioff for me about how our navy will eventually be made from every Chinese chip and we're going to use them against the Chinese and nothing happens. ”
Commenting on the growing competition between American and Chinese companies, Jim Cramer rejected his position that the United States is still ahead of China, saying:
“I think there should be a great competition and a real weapons race. We shouldn't be helping them and let's see who wins. (…) Look, I think we're incredibly great. We're far ahead in scale. I don't trust the Chinese. I would never want to use their things because I think they would eventually be addicted.” I think that routine. “
To make our list of the stocks that Jim Cramer mentioned, we listed the stocks he mentioned during Squawk CNBC on the street broadcast on April 16th.
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