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Oil spiking and hot inflation data shook Wednesday’s stock market, leaving investors with few places to hide. But there’s still room to nibble on select stocks, according to CNBC’s Jim Cramer.

“If I didn’t own it, I would buy the stock of Nvidia

,” Cramer said on “Mad Money,” explaining that the AI-leader and CNBC Investing Club pick is not tied to the Iran war or pegged to stagflation concerns. “Its lack of upside has more to do with the structure of the market. Nvidia is over-owned right now.”