Jim Cramer Says Nvidia Has Its Lowest Valuation in a Decade

Jim Cramer valued Nvidia at about 16.5 times projected earnings and described the level as the company’s lowest valuation in roughly 10 years.

Nvidia is scheduled to report earnings Nov. 17. Competition from Advanced Micro Devices, U.S. policy on Nvidia chip sales to China and Federal Reserve guidance are also factors that may affect sentiment around the shares.