Jim Cramer Recently Discussed These 7 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 recently discussed. Cramer discussed the block White House put on the company regarding selling chips to China. He commented:

“… The White House has decided to block the largest company on earth, NVIDIA, from selling its most sophisticated semiconductors to China. I know China isn’t in the numbers, but some were disappointed, including me. I can’t blame anyone for selling. We didn’t. Palantir and NVIDIA are the faces of this bull market, though, and now they’ve been defaced.”

NVIDIA Corporation (NASDAQ:NVDA) designs computing infrastructure spanning graphics, AI, and data center platforms, and serves gaming, enterprise, and automotive markets. Cramer discussed the company’s stock during the November 3 episode, as he remarked:

“How do you play it? Okay, look, the most obvious answer is the same thing I’ve been saying for years. You just buy the stock of Nvidia. The lion’s share of the spending bonanza will go to hardware. Last week, Nvidia held a very bullish GTC event in Washington, DC, where CEO Jensen Huang said he has ‘visibility into a more than half a trillion dollars’ cumulative revenue from the company’s current AI chips.

That’s the next generation Vera Rubin chips and all the associated networking equipment. There’s a reason Nvidia shot up nearly 9% last week and rallied another 2% today, and that’s without any hope of Chinese sales, which were never in the numbers anyway… Obviously, these huge spending plans are great news for Nvidia and its fellow suppliers of data center equipment.”

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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