14 Stocks Jim Cramer Talked About

6. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holdings: 234

NVIDIA Corporation (NASDAQ:NVDA) continues to be on Jim Cramer’s radar. The CNBC TV host has continued to defend the stock even though gains have stalled lately. Since early November, the shares are down by 10%. During this time period, Cramer has asserted that NVIDIA Corporation (NASDAQ:NVDA)’s valuation is low when compared to the firm’s intellectual property. Analysts have also continued to be optimistic about the company. RBC Capital and Wolfe Research have reiterated Outperform ratings on the stock. Some of the reasons the analysts have cited as driving their confidence include NVIDIA Corporation (NASDAQ:NVDA)’s strong ecosystem, AI demand, and order backlog. In his recent remarks about the firm, Cramer asserted that market watchers should have more faith in the firm’s CEO. CEO Jensen Huang’s fireside chat with Eli Lilly’s CEO has also piqued Cramer’s attention, after the pair discussed the role AI could play in extending human lifespan. In this appearance, Cramer discussed a recent blog post by OpenAI CFO, Sarah Friar:

“Right and when she says compute, again I’m referencing Sarah Friar, CFO of OpenAI. Compute’s a scarce resource in AI, well compute, a lot of people read that and they think, okay, that’s accelerated computing, that’s NVIDIA, that’s Jensen Huang. And yet if you look at NVIDIA, the stock can’t get out of its way.”