Jim Cramer Says “There’s No AI Revolution Without NVIDIA”

NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks in focus as Jim Cramer laid out this week’s game plan. Cramer highlighted the company’s “chief rival” during the episode. He remarked:

“Wednesday night’s the big night of the week, the biggest night because NVIDIA reports. NVIDIA’s at the heart of the data center because the chips power accelerated computing and artificial intelligence. Besides hearing how the company’s doing, we need to hear about the next iteration of chips, the Vera Rubin, and whether it’s ready and whether it’ll be a seamless transition that will keep the company well ahead of AMD, by the way, who still is their chief rival. No, I don’t expect anything from China. I think that’s a dead issue now.

If NVIDIA’s strong, I think it can ignite, not a bounce, but a true rally itself. I continue to say own NVIDIA, don’t trade it, and that’s our position for the Charitable Trust. I can’t stress enough how important NVIDIA is to this market because there’s no AI revolution without NVIDIA. But with it, we could still have a multi-year move, something that an old friend of the show told me, Dave Cote, now the chairman of Vertiv, which is key to keeping these red-hot data centers cool. They own the best air conditioning company… You get a good number from NVIDIA and a big boost from the forecast, next thing you know, the other six members of the Mag Seven, they’re going to start roaring.”

Photo by Javier Esteban on Unsplash

NVIDIA Corporation (NASDAQ:NVDA) develops accelerated computing and AI platforms, GPUs for gaming and professional use, cloud services, robotics and embedded systems, and automotive technologies.

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