Jim Cramer Says “Long Knives Are What is Out for NVIDIA”

NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks that Jim Cramer put under a microscope. Cramer pointed toward market swings driven by major AI players like the company, as he remarked:

“The worst stocks today, as befits the horrendous wave of profit taking, are the best ones of the year. That’s what I told you about when you get to this point in the year, you start ringing the register, which means the artificial intelligence components we all know about, namely NVIDIA and its compadre, remember the long knives… Long knives are what is out for NVIDIA. These stocks are so huge, they can swing the entire market. In this tape, one company can be so big with so many tentacles that it can cast a pall on everything else.”

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NVIDIA Corporation (NASDAQ:NVDA) develops advanced computing, graphics, and AI solutions, providing platforms for gaming, data centers, automotive technologies, robotics, and enterprise AI.

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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Disclosure: None. This article is originally published at Insider Monkey.