Cramer has recommended NVIDIA (NVDA) in the past but seems to be riding this recent hot stock's momentum to the moon. Last December 2006, Jim predicted NVIDIA would have an excellent month and the stock was due for a great "mark up week trade." At the beginning of the month he stated, "When a stock comes into December with a full head of steam, when it's got the big momentum, the action will generally continue right through the month, with a vengeance!" On the seventh of the month, he told viewers to stay away from the chip stocks off a bad quarter from National Semiconductor (NSM). Although, the trade hadn't been retracted completely, this negative call might have confused some viewers to trade out of a decent December run. The trade was over by the end of 2006, however, and seasonal weakness in semiconductor stocks lead NVIDIA (NVDA) to lose nearly 25% of its value.

One of Cramer's best trades undoubtedly came this year when he featured NVDA for speculation Friday on 6/15/07. "At about 22x this year's earnings estimates, NVDA is just not that expensive, especially given the earnings momentum and the likelihood that they will keep taking share"..."Are you looking for momentum? I need you to look no further than NVIDIA Corp." Since then, the stock has been on fire (or "en fuego" as Jim would say) as NVDA has gained 43% in just 3 1/2 months.