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Wall Street gets more bullish on Nvidia (again). Where Jim Cramer stands going into earnings

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'I'm not saying sell. I just question the valuation being created by this endless level of enthusiasm,' Jim Cramer said Monday.

Following a sharp slide from its mid-July record highs, Nvidia seems to be coming back into favor ahead of its quarterly release Wednesday evening. It's hard to even fathom the words "back in favor," considering the stock has more than tripled in 2023. But before last Monday's 7% gain and this Monday's more than 8% advance, shares of Nvidia had dropped nearly 14% from their all-time high close of $474.94 each on July 18 to their most recent closing low of $408.55 on Aug.

Jen-Hsun Huang, president and chief executive officer of Nvidia Corp., announces the EGX Edge Supercomputing Platform during the company's event at Mobile World Congress Americas in Los Angeles, California, Oct. 21, 2019.Following a sharp slide from its mid-July record highs,

 

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