9 Stocks on Jim Cramer’s Radar Recently

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1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 235

NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks on Jim Cramer’s radar recently. Cramer called it an “all-powerful stock,” as he commented:

“Look, last time it dawned on me, you can let one stock, in this case NVIDIA, define the entire market, even if you like it as much as I do, or you can let hundreds of stocks be your teachers. Now, on a day where the Dow edged up 47 points, S&P advanced 0.38%, Nasdaq gained 0.59%, we can indeed decide all that matters is NVIDIA, which reported what looked to be outstanding numbers after the bell…

I am telling you that you need to go looking for opportunities because an all-powerful stock like NVIDIA has started to blind people all over the place. Not me. You know how long I’ve liked it. As I always say, own NVIDIA, don’t trade it… But it can’t be the only thing we focus on. Okay, so obviously NVIDIA just reported a terrific quarter with a 5-cent earnings beat off a $1.25 basis, a monster revenue beat. Even better, their AI business crushed the estimates, and management says they’re on track to do $65 billion in revenue this quarter. Wall Street was only looking for $62 billion.”

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 NVIDIA Corporation (NASDAQ:NVDA) as an investment, our conviction lies in the belief that 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.

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