Jim Cramer signals Nvidia buy opportunity as stock hits 10-year valuation lows

8 November 2026 · Source balance: Centre

CNBC's Jim Cramer has sent a strong bullish signal on Nvidia stock as the chipmaker tumbles into bear market territory, down over 23 percent from its October peak. After Nvidia's stock crashed 22 percent following midterm election uncertainty and data center spending concerns, Cramer called it "the cheapest multiple on Nvidia in about a decade," trading at just 16.5 times forward earnings versus historical averages above 30. The veteran commentator urged the company to aggressively deploy its record 150 billion dollar buyback announcement, arguing management should capitalize on the current depressed valuation. Cramer has maintained his long-term conviction in Nvidia despite broader AI sector volatility, emphasizing that recent results show revenue doubling to 96 billion dollars with robust guidance. His core message: valuation matters more than near-term market sentiment, and this pullback represents a rare buying opportunity for patient investors comfortable with AI infrastructure exposure.