Jim Cramer Offered Insights on These 16 Stocks

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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 offered insights on. Cramer praised the people who run the company and said:

“… Of course, there were people who shorted stocks, including me, that were dot-com bombs. And now the same short sellers, not me, because I can’t sell, I don’t own stocks, are trying their hand at betting against the great data center build out, including its most visible winner, NVIDIA, as well as the wild run in artificial intelligence, as exemplified by Palantir. The shorts think that because they were successful at shorting one theme, they’ll be successful at shorting another.

I say not so fast. It doesn’t work like that. NVIDIA and Palantir are run by some of the smartest people in the world, Jensen Huang and Alex Karp. Are their stocks expensive? It depends. NVIDIA’s stock has a reputation for looking expensive on forward earnings projections and then turning out to be inexpensive when we see the actual earnings and they come in better than expected. Yes, it’s still growing that fast.”

NVIDIA Corporation (NASDAQ:NVDA) designs computing infrastructure, including graphics, AI, and data center platforms, and serves gaming, enterprise, and automotive markets.

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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