Jim Cramer Discussed These 16 Stocks Recently

6. NVIDIA Corporation (NASDAQ:NVDA)

NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer Recently Discussed. Cramer discussed the stock post-earnings as he said:

I think AI helps the broader economy. And for that, we have to look no further than the most important company in the universe, which is NVIDIA, which just reported a healthy top and bottom line beat, 75% growth in their data center business. Also gave better-than-expected guidance for the current quarter, enough to send the stock higher. Although remember, there’ll be people who will say it’s the end. They always say it’s the end. You know me, I say, you own NVIDIA, don’t trade it. Even better, it doesn’t seem like they’re feeling much of a pinch from the memory shortage because their margin guidance was strong. We know NVIDIA’s been cleaning up with these hyperscalers, and once again, demand is off the charts.

So for all the handwringing about how AI will be an engine of wealth destruction, it’s hard to deny that it’s also an incredible vehicle of wealth creation, and that’s where I come down. Of course, regardless of where NVIDIA trades tomorrow, what matters is that NVIDIA has created the entire AI boom with its ultra-fast chips that can reason and accomplish time-consuming tasks for a fraction of what you pay a human, which means a plentiful amount of new businesses are coming. NVIDIA is the bedrock of the fourth industrial revolution that will create more jobs than it destroys. I can’t promise you that, but I’m sure optimistic that that’s going to occur. And that’s certainly at odds with Monday’s doomsday paper and doomsday stock market.

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.