Jim Cramer Says NVIDIA’s Price Performance “Is So Much Better Than Any Other Company”

 NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer talked about. Cramer discussed the stock’s recent price movement and an analyst rating around it. He remarked:

“… which brings me, of course, to NVIDIA. Here’s a stock that’s going straight down for four straight weeks, despite a very good quarter in the middle of that skit. Today, Citi lowered its price target from 210 to 200, broke ranks, much less bullish than everybody else. It got picked up, this price target cut got picked up by everyone. All I heard about today was that Broadcom is now a factor, taking share from NVIDIA, maybe big share. Apparently, it is a horse race… However, I got real bad news for those who are trading, not owning NVIDIA. The price performance of NVIDIA is so much better than any other company, including the one that’s our larger position, that we say we don’t care. I got another idea: why not own both? Today was the Citi analyst day to shine. Oh yeah, after four weeks down for NVIDIA, he really nailed it. Did I mention that he lowered his price target and then the stock actually finished up on the day but he did break ranks.”

NVDA Headquarters Courtesy of NVIDIA

NVIDIA Corporation (NASDAQ:NVDA) provides graphics, computing, and networking solutions, including GPUs for gaming and enterprise, AI and data center platforms, automotive technologies, and cloud services.

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.