5 Stocks in Focus as Jim Cramer Discussed a Market Yearning for the Status Quo

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1. NVIDIA Corporation (NASDAQ:NVDA)

NVIDIA Corporation (NASDAQ:NVDA) is among the stocks in focus as Jim Cramer highlighted a market yearning for the status quo ante. Cramer highlighted the company’s recent deal with Marvell. The Mad Money host commented:

Today, the action in the growth stocks say, well, this is what things were going to look like. I want to start with two companies I just talked to on Squawk on the Street this morning, NVIDIA and Marvell Tech. Today, NVIDIA decided to give Marvell $2 billion… as the two agreed to work together on an AI infrastructure plan. Remember, there’s much more to NVIDIA than just chips. There’s a whole software ecosystem, and companies that use Marvell for a portion of their networking can use NVIDIA, too. It’s a smart move for NVIDIA to get companies that don’t use NVIDIA to migrate to their platform. Of course, Marvell benefits, too. NVIDIA rallied 5.6%. Marvell shot up 13%. Talk about multiple compression. At the bottom today, I think NVIDIA stock was trading at 14 times earnings. That’s the PE of a boring old bank stock with bad credits. How could NVIDIA be confused with a boring old bank stock with bad credit? It makes no sense at all.

NVIDIA Corporation (NASDAQ:NVDA) develops accelerated computing and AI platforms, GPUs for gaming and professional use, cloud services, robotics and embedded systems, and automotive technologies.

While we acknowledge the potential of NVDA to grow, 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 the cheapest AI stock.

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