We recently published 10 Stocks Jim Cramer Discussed As He Questioned Official Data. NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer recently discussed.
The latest controversy surrounding NVIDIA Corporation (NASDAQ:NVDA) involves reports claiming that the Chinese government is asking local companies not to rely on the firm’s chips. These concerns stem from worries about potential backdoors and about becoming too reliant on American hardware. Cramer discussed the reports in detail:
“[On reports of Chinese authorities looking to stop companies from buying the H20 AI GPUs] They can go open, they can have Jensen Huang go over there and have him rip open one of those things. There’s nothing. I mean, look you either trust Jensen or you don’t. I trust Jensen just because he has to give the government 15%. I mean he has said, listen we don’t have tracking. So, therefore, I am a believer in him. I don’t want to actually believe, believe it or not, the PRC. I actually don’t know if the PRC is all that reliable. Not like the BLS, I mean it’s different. BLS doesn’t have a chance, they’re very strapped, they’re tired, they’re poor, they’re huddled masses. . .but this, you know why this is not right? Because they don’t have anything that’s as good as the H20. If you wanna go do something that’s like on one of these versions of Intel, that got Pat Gelsinger fired. . . .
“Yes you can [run inferences on it] and what I’m telling you is that the government was very hot to get these. So now the government’s not because they’re tracking, there is no tracking. There’s no tracking. We can believe their nonsense but there’s no tracking. I’ve heard all day, well because of the tracking. Okay so Jensen Huang is. therefore what? He’s clueless?
Photo by Javier Esteban on Unsplash
“[On The Information’s report saying Chinese big tech has been told by the government to not buy NVIDIA chips] I rely on The Information, you’re [David Faber] a legendary Wall Street funny man.They got you out of NVIDIA, as much as I got you into NVIDIA, they got you out of NVIDIA. Who has the cards? . . .I’m trying to get people to say, maybe before I sell NVIDIA because of all these different stories, maybe the stories maybe propaganda? I think we have every right to question, in a period where The Information has attacked NVIDIA twice. They’ll say we didn’t attack, we reported. Perhaps our reporting was not as strong. That’s okay. You can say whatever you want in this business and that’s exactly the problem.”
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Disclosure: None. This article is originally published at Insider Monkey.
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