CNBC's Jim Cramer has stated that there is still room to invest in select stocks such as Nvidia, despite the recent oil price spike and rising inflation data. He believes that the company's over-owned status is more than a factor. Despite recent updates and stellar earnings, Cramer believes Nvidia could break out if its new products, including a new inference chip and $1 trillion of expected orders through 2027, are implemented. He also noted that Nvidia shares are "too cheap to avoid" on a forward price-to-earnings basis, but cautioned against buying too many due to macro uncertainty. The Dow Jones Industrial Average ended at a 2026 closing low, with the S&P 500 falling 1.36%, while the Nasdaq dropping 1.46%.