15 Stocks on Jim Cramer’s Radar

Page 14 of 14

1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 223

Cramer started his game plan for this week with NVIDIA Corporation (NASDAQ:NVDA) as he commented:

“We tend to focus on what’s going to happen next, and what’s going to happen next is that Jensen Huang is going to give the COMPUTEX keynote speech, and it’s going to come Sunday night. Now I’m hearing there’s going to be some dazzling new products and ideas. This speech will be online streamed at 11:00 PM Eastern.

Now, I can’t figure out whether to watch it live or the moment I get up, but I won’t dare to come to work without knowing what Jensen is saying. Now we know NVIDIA stock rallied 16% this week and is now safely back above the $3 trillion in market cap number. That’s the beneficiary of a huge bevy of orders from the Gulf monarchies.

By the way, turns out they have a lot more CoreWeave than we thought, and that stock took off today. Now, I wouldn’t be surprised if NVIDIA has more room to run, particularly because there are a lot of people who felt that it should never have been at $3 trillion in the first place, and they’ve been proven wrong.”

NVIDIA Corporation (NASDAQ:NVDA) provides computing solutions that include graphics, networking, and AI platforms, serving industries such as gaming, data centers, professional visualization, and automotive technology.

While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk.  If you are looking for an AI stock that is more promising than NVDA and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires

Disclosure: None. Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily e-newsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below.

Page 14 of 14