Jim Cramer Recently Commented On These 12 Stocks

5. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 223

While the stock got brought down due to many investors backing out of NVIDIA Corporation (NASDAQ:NVDA) as the AI data center thesis was considered to be over, Cramer noted that the stock might go higher.

“Or let’s not forget the best of them all, which is NVIDIA. Not long ago, people decided that despite ample evidence to the contrary, the big AI data center thesis was just over, kaput. The Chinese had supposedly come up with a better mousetrap. Remember that DeepSeek issue? The Biden administration put up barriers that prevented NVIDIA from selling chips to most countries. Unbelievable.

Adding insult to injury, the Trump administration put through rules that caused NVIDIA to take a $5.5 billion charge for chips it could no longer sell to China. At that moment, it was easy to believe that NVIDIA’s Cinderella run was just a fairytale, but this story was always reality. Not only did the demand never go away, but now the president’s helping these guys land huge orders from the Gulf monarchies. That’s how a stock runs from $94 to $134 and change in five weeks. And I think it’d go even higher now that Jensen Huang, the CEO, is about to go to Taiwan to spread the GPU Gospel next week. I’m expecting some big orders over there.”

NVIDIA (NASDAQ:NVDA) develops computing, graphics, and networking solutions used in areas like gaming, AI, data centers, and automotive technology. The company provides hardware, software, and cloud services designed to support advanced computing and enterprise AI.