Jim Cramer Commented on These 10 Stocks 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 Jim Cramer recently commented on. Cramer addressed current market valuations in relation to NVIDIA, as he commented:

“I can live with the S&P trading at 25 times this year’s earnings, knowing that the earnings are going up and the market will look cheaper next year. And that’s particularly the case of, with stocks like NVIDIA.”

NVIDIA Corporation (NASDAQ:NVDA) delivers computing infrastructure through graphics, data center, AI, and networking platforms, with products spanning GPUs, cloud services, robotics, automotive technologies, and digital twin applications. During the September 22 episode, Cramer called it the “ultimate own it, don’t trade it” stock. He said:

“NVIDIA, the ultimate own it, don’t trade it, stock is another one. For weeks now, we’ve been bombarded with questions about demand for NVIDIA’s chips because of concerns about China… Then today, NVIDIA announced a deal with OpenAI to build data centers with a capacity of 10 gigawatts worth of power. Do you know that’s enough power to, to take care of 8 million homes? NVIDIA will invest a hundred billion dollars in OpenAI as part of the transaction… 10 billion per gigawatt. OpenAI is privately held, but when you get a deal like this, it will boost the value when it comes public. And I figure NVIDIA will continue to make fortunes from this investment. Sam Altman, the CEO of OpenAI… [said] endlessly in a CNBC exclusive… about the need for computing power to truly get what’s needed out of artificial intelligence, and only NVIDIA has the power that’s needed. The value of their nine-year partnership is now self-evident. This announcement brightened the entire data center food chain… I say, really, who cares about China? Only the people who traded the stock and are no longer in it, not those who owned it. Oh, it’s discouraging.”

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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