Jim Cramer Put These 15 Stocks Under the Spotlight

1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 235

NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer put under the spotlight. Cramer noted that he has no clue about how the company will report. He commented:

“I want to start with the toughest one, which is NVIDIA, that reports tomorrow. Now, I have no idea what NVIDIA will… I have no idea what they’re going to report whatsoever. I will say this, though: NVIDIA stock was at $212 on October 29, and now it’s at $181 and change. I got an idea. I think you certainly aren’t buying this one at the high. The stock sells at just under 40 times this year’s earnings, which is expensive.

That is much more expensive than the average stock. But NVIDIA has a history of crushing the estimates, making it look much cheaper in retrospect. It’s at the intersection of accelerated computing and artificial intelligence. There’s a new chip coming out that could make AI a lot more useful. There’s a clear roadmap, and while NVIDIA’s chips are expensive, CEO Jensen Huang always holds that there’s a quick payback, even as we hear constantly that there isn’t. What does this mean to me?

Look, NVIDIA remains the gold standard. It’s indispensable if you want to keep up with the new industrial revolution. It doesn’t mean it’s a buy. Does mean it’s intriguing if it gets hit when it reports. If you bought a little of the stock today, just enough so you have plenty of room to buy more if it reports a quarter that is short-term unappreciated, is that mindless dip buying, or is it prudent purchasing versus where the stock was just four weeks ago? If you go slow and not all at once, as I advise, I think you are being prudent.”

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.

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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