Jim Cramer Shed Light on These 11 Stocks

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1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 235

NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer shed light on. Cramer discussed the company’s recent deal with OpenAI. He remarked:

“It wasn’t until Oracle’s announcement of nearly $500 billion in orders that I myself started to worry. We quickly learned that a significant portion of those orders came from OpenAI, and I don’t know how OpenAI can raise the money it needs without taking on huge amounts of debt. Although this week, NVIDIA committed to investing a hundred billion dollars in their expansion over time, but not upfront. I heard critics say this deal is what’s known as circular vendor finance, meaning a supplier giving a customer money to buy product.

I look at it very differently. I think NVIDIA is making a very smart investment in OpenAI, which could end up being worth a trillion dollars when it comes public, maybe more. It could give NVIDIA a monster return. The deal makes sense for both sides, which is really what matters.”

NVIDIA Corporation (NASDAQ:NVDA) develops GPUs, AI platforms, data center solutions, and networking technologies for industries spanning gaming, visualization, and automotive.

While we acknowledge the potential of NVIDIA Corporation (NASDAQ:NVDA) as an investment, our conviction lies in the belief that 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.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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