5 Stocks Jim Cramer Thinks Can Weather a Debt Default

4. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 132

On May 25, Morgan Stanley analysts raised the price target on NVIDIA Corporation (NASDAQ:NVDA) shares from $304 to $450. The firm also kept an Overweight rating on the stock.

NVIDIA Corporation (NASDAQ:NVDA) was found among the 13F holdings of 132 hedge funds in the first quarter, with a total stake value of $12.3 billion.

NVIDIA Corporation (NASDAQ:NVDA) has a vital role to play in the rise of artificial intelligence. According to Cramer, the company can do well because people need its “cards to run such complicated software.” This reliance on the company’s technology can spell great resilience and profits in the near future.

Follow Nvidia Corp (NASDAQ:NVDA)