Jim Cramer on NVIDIA: “It’s Really At the Heart of What’s Known as the Fourth Industrial Revolution”

NVIDIA Corporation (NASDAQ:NVDA) is one of Jim Cramer’s latest stock calls as he shared how to navigate Wednesday’s tough tape. Cramer said that the company’s stock is “hard to understand,” as he commented:

Now, I just got back from one of the most remarkable of all places, the showcase for artificial intelligence and accelerated computing in all of its forms, NVIDIA’s GTC conference in San Jose. There, I saw so many different companies capitalizing on NVIDIA’s software and hardware platform, and they’re going to do that regardless of what happens in the Middle East. NVIDIA’s stock is hard to understand… But what keeps people from missing the big gains in the stock is that it’s really at the heart of what’s known as the fourth industrial revolution. That’s where technology overruns the way we do things. Not just companies, but individuals. They can do more with less. They can create all new industries we haven’t even imagined yet. They can generate amazing profits for companies that harness AI, whether it be ChatGPT, Anthropic, or Gemini… They’re a canvas anyone can write on… But most of all, if I didn’t own it, I would buy the stock of  NVIDIA.

I know it can go down, maybe four or five points. It doesn’t mean anything. It’s small. The tech giant’s not hemmed in by Iran. It’s not shredded by stagflation fears. Its lack of upside has more to do with the structure of the market. NVIDIA’s overowned right now. That won’t matter if all the good things I saw at GTC come to fruition, though. Some stocks may be just too cheap to avoid.

Photo by Javier Esteban on Unsplash

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. We recently mentioned the company while discussing the best growth stocks to buy. You can read about it here.

While we acknowledge the risk and potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NVDA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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