Jim Cramer Discussed 9 Stocks Related to the AI Space

5. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 235

NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks related to the AI space that Jim Cramer discussed. Cramer noted that a lot of AI spending by companies will go to the company, as he said:

“How do you play it? Okay, look, the most obvious answer is the same thing I’ve been saying for years. You just buy the stock of Nvidia. The lion’s share of the spending bonanza will go to hardware. Last week, Nvidia held a very bullish GTC event in Washington, DC, where CEO Jensen Huang said he has ‘visibility into a more than half a trillion dollars’ cumulative revenue from the company’s current AI chips.

That’s the next generation Vera Rubin chips and all the associated networking equipment. There’s a reason Nvidia shot up nearly 9% last week and rallied another 2% today, and that’s without any hope of Chinese sales, which were never in the numbers anyway… Obviously, these huge spending plans are great news for Nvidia and its fellow suppliers of data center equipment.”

NVIDIA Corporation (NASDAQ:NVDA) develops computing technologies that power graphics, artificial intelligence, autonomous vehicles, and networking solutions.