Jim Cramer Says That NVIDIA “Has Made a Historic Comeback”

NVIDIA Corporation (NASDAQ:NVDA) was mentioned during Tuesday’s episode, and here’s what Mad Money’s Jim Cramer had to say:

“As those who shorted the market now realize, the President’s pivot was wildly bullish for the very companies that had previously been hit the hardest. Take NVIDIA. On the one hand, Trump effectively forced NVIDIA to take a $5.5 billion charge for chips it could no longer sell to China. On the other hand, he’s now out there helping NVIDIA sell chips to some of the biggest clients in the world, the Gulf monarchies. NVIDIA stock has made a historic comeback [buy, buy, buy]…

It’s a big deal for the Saudis because they weren’t on the arbitrary, capricious list of 18 friendly countries that President Biden approved to buy NVIDIA’s best technology. Now, instead of 18 friends, we got a whole bunch of friends that can buy NVIDIA’s top chips. I see many new mini hyperscale or sovereign AI countries developing.”

A close-up of a colorful high-end graphics card being plugged in to a gaming computer.

NVIDIA (NASDAQ:NVDA) is known for its work in graphics, computing, and networking technology. The company is especially noted for its graphics processing units and the CUDA software platform.

While we acknowledge the potential of NVDA to grow, our conviction lies in the belief that some 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.

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Disclosure: None.