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CNBC's Jim Cramer said Friday that sometimes the market gets "so darned ugly" that investors have no choice but to look at it as an opportunity.

Futures looked disastrous early Friday, he said, but stocks refused to follow — a sign that while plenty of companies are struggling, enough strong, solvent names have been "killed" enough to create potential bargains. The question now, he said, is what happens next week.

For Cramer, the answer is clear: everything hinges on Nvidia and what CEO Jensen Huang reports Wednesday night in the company's earnings.

"If Nvidia is strong I think it can ignite not a bounce but a true rally," Cramer said. "I can't stress how important Nvidia is to this market because ther

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