Jim Cramer Says “We Love NVIDIA Around Here”

NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer recently discussed. Cramer reiterated his love for NVIDIA and commented:

“Now, of course, we don’t want the data center to be down, but we’re seeing some signs of something that represents a change of pace. Look, we love NVIDIA around here, you know that, because it owns the market for accelerated computing and generative AI, or maybe I should say owned because today Lisa Su’s AMD won a big order from Oracle to supply chips for data center build-out, which happens to be the biggest in the room, well, let’s call it the world. Today, the market disagreed. NVIDIA got hit while AMD barely rallied.”

NVIDIA Corporation (NASDAQ:NVDA) develops advanced computing technologies, including GPUs, AI platforms, and data center solutions for gaming, visualization, and enterprise applications. Cramer mentioned the company during the October 8 episode. He remarked:

“I’ve been saying you either believe in the fourth industrial revolution as described by NVIDIA’s CEO, Jensen Huang, or you don’t. The bears don’t believe it. Could they be right? Of course. But I’ve been telling people to just buy NVIDIA since I named my dog after the company when the stock was just under $4, and now it’s at 189 bucks. So far, it’s paid much more to be a believer. That goes double on a day like today… As Jensen Huang, the CEO of NVIDIA, put it, ‘We’re a couple hundred billion dollars into a multi-trillion dollar infrastructure build-out.’ In other words, he thinks we’re not even 10% through this transformation. I think he knows more than the bears.”

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.