Jim Cramer Says We Are Nowhere Near the Peak in AI Spending With Nvidia (NVDA)

We recently published a list of Jim Cramer Recently Discussed These 15 Stocks. In this article, we are going to take a look at where Nvidia Corporation (NASDAQ:NVDA) stands against other stocks that Jim Cramer discussed recently.

Nvidia Corporation (NASDAQ:NVDA) was the focus of a closing segment in which Jim Cramer addressed doubts about a slowdown in AI spending. He praised the company’s latest earnings and explained why the stock dropped later:

[Talking about the dry-up in AI spending and Jensen Huang] I think he deserves the benefit of the doubt. Even as the stock has given up everything it made since the bang-up quarter on Wednesday. […] Oh, and when it comes to Nvidia stock, don’t fool yourself. It got hit today because of China. Nvidia would be at $150 instead of $135. It went for our ever-worsening relations with the PRC. But we can’t astray China, at least not yet. Maybe next year, when I sense it’ll be probably a much smaller percentage of Nvidia’s business.”

NVIDIA Corporation (NASDAQ:NVDA) designs high-performance GPUs and AI accelerators that power everything from gaming to data centers and the world’s leading AI models. Impax Asset Management stated the following about the company in their Q1 2025 investor letter:

“Nvidia (Cloud Computing, US) experienced a share price sell-off during the quarter due to disappointing margin guidance and uncertainty stemming from the announcement of an open-source large language model from Chinese AI startup DeepSeek. Nvidia suffered from investor concerns around the potential for reduced demand for high-end graphics processing units (GPUs) as DeepSeek’s efficiency suggests lower computational requirements. Despite the drop in Nvidia’s stock, its advanced chips and proprietary coding language, Cuda, remain industry standards, indicating that it still holds a strong position in the AI market. As long as there is demand for inference there will be demand for Nvidia’s products.”

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

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