Jim Cramer on NVIDIA Corporation (NVDA): “The Stock’s in No Man’s Land”

We recently published a list of Jim Cramer’s Game Plan: 12 Stocks in Focus. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other stocks that Jim Cramer discusses.

Cramer mentioned that he will be focused on NVIDIA Corporation’s (NASDAQ:NVDA) call as he hopes that it will shed light on the company’s software side.

“Wednesday night is huge. We have not one but two big quarters from NVIDIA and Salesforce. NVIDIA’s regularly on the hot seat these days, so often we forget it’s been morphing from a hardware company into a hardware company with a huge software component. Yes, that’s what CEO Jensen Huang spoke about in the big speech in COMPUTEX in Taiwan earlier this week.

I bet we’ll see and hear more about the software side of NVIDIA going forward, including this call, because that helps explain why the stock could still have a lot more upside. We own it for the Charitable Trust, and for now, we’re just sitting on it… The stock’s in no man’s land.”

Jim Cramer on NVIDIA Corporation (NVDA): “The Stock's in No Man’s Land”

A close-up of a colorful high-end graphics card being plugged in to a gaming computer.

NVIDIA Corporation (NASDAQ:NVDA) creates computing, graphics, and networking technologies used in gaming, artificial intelligence, data centers, and automotive systems. The company delivers hardware, software, and cloud-based services that support high-performance computing and enterprise AI.

Overall, NVDA ranks 5th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of 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.

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