13 Stocks Jim Cramer Talked About

2. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holdings: 234

AI GPU giant NVIDIA Corporation (NASDAQ:NVDA)’s shares are up by 31% over the past year and down by 3% year-to-date. UBS raised the firm’s share price target to $245 from $235 and kept a Buy rating. The bank noted “middling” stock performance and added that NVIDIA Corporation (NASDAQ:NVDA) was heading into a favorable fiscal fourth quarter earnings setup, given bullish supply chain signals and management frustration. Goldman Sachs outlined a $250 share price target and a Buy rating on the stock in February. The bank commented that NVIDIA Corporation (NASDAQ:NVDA)’s fiscal fourth quarter earnings could see the firm deliver a $2 billion revenue beat. Cramer has ardently stuck with the shares despite the sluggishness, and he continued to defend the firm in this appearance:

“Okay so I think NVIDIA would say, they’re gonna have so much business that we aren’t cutting everybody back, yes. But the fact is, is that everyone [inaudible] says listen we can’t away from NVIDIA. Because it just has too much training, fantastic for training. . .Look, Jensen Huang invented the category. He’s so far ahead of everybody else, the new Vera Rubin is going to be great, the software stack on top is terrific. . .Jensen’s the king, nobody’s unseating the king.”