Jim Cramer Highlights the Massive Returns for the Charitable Trust Through NVIDIA

NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks that Jim Cramer expressed thoughts on. Noting the incredible gains that the stock has provided for the Charitable Trust, Cramer said:

“When I listened to Jensen today talking about NVIDIA’s long-term plans to power the fourth industrial revolution and how NVIDIA is going to augment the entire world’s GDP because his customers have so many lucrative plans for his technology, it makes me want to buy more for the Charitable Trust even though we’re already up more than 1,000% on this one… I found myself not worrying about China sales, even as you don’t need to in the first place, because Jensen’s not including anything from China in the numbers.

I didn’t worry about a story about how Oracle might be losing millions of dollars on NVIDIA’s chips because they ran out or whatever, because the chips are really a small part of Oracle’s grand plan to dominate the world data center. And the story was, therefore, I regard as inaccurate. I didn’t worry that NVIDIA’s nearly $4.5 trillion market capitalization had gotten ahead of itself… What matters to me is that I’ve learned to trust the market in general and NVIDIA in particular. Jensen Huang has earned the benefit of the doubt. That’s what’s happened. That confidence, that gives me confidence to buy more of NVIDIA if it goes lower.”

Photo by Christian Wiediger on Unsplash

NVIDIA Corporation (NASDAQ:NVDA) provides computing and graphics solutions that include AI infrastructure, data centers, gaming, and automotive technologies.

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Disclosure: None. This article is originally published at Insider Monkey.