We recently published 14 Stocks on Jim Cramer’s Radar. NVIDIA Corporation is one of the stocks on Jim Cramer’s radar.
NVIDIA Corporation is a regular stock on Jim Cramer’s radar. The CNBC TV host is one of the stock’s biggest proponents. As January kicked off, Citi reiterated a Buy rating on the shares and kept a $270 share price target. The bank commented that NVIDIA Corporation had surprised it during meetings held at the Consumer Electronics Show in Las Vegas. CES was a packed event as the firm announced its Rubin chips. More recently, Cramer was impressed by a discussion between NVIDIA Corporation CEO Jensen Huang and Eli Lilly’s David Ricks, where the two discussed extending the human lifespan. Cramer defended the stock on X on the 26th when he commented that he was “not oblivious to the fact that the stock does not ‘act’ well but Nvidia, the company, is doing extremely well and i remain steadfast that you should own not trade the stock.” Cramer added that:
“Understand when i say “sloppy” about Nvidia, i mean the stock. I did think it would go higher today… until i heard endless chatter about circular deals, which I think is Nonsense.”
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NVIDIA Corporation also expanded its relationship with CoreWeave yesterday after it invested $2 billion in the firm as part of an AI Factory, or an AI data center, buildout acceleration deal. While the shares closed 0.64% lower, Cramer commented:
“If you go back over what Jensen said this morning he confirmed strong demand, he made it clear that the Coreweave relationship is about cementing a relationship that can help many companies that otherwise may not have access to Nvidia chips.”
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This article is originally published at Insider Monkey.
