Jim Cramer Still Hasn’t Figured Out Why NVIDIA (NVDA) Stock is Down

We recently published Jim Cramer Said Allbirds Management Are “Jokers” & Discussed These 18 Stocks. Nvidia Corporation (NASDAQ:NVDA) is one of the stocks discussed by Jim Cramer.

Nvidia Corporation (NASDAQ:NVDA) is one of Jim Cramer’s favorite stocks. Despite the fact that the shares have struggled lately, as reflected by them being up by a modest 4.5% year-to-date, the CNBC TV host has stuck by the firm. Cramer has repeatedly asserted that Nvidia Corporation (NASDAQ:NVDA) faces strong demand for its AI GPUs as it enjoys a lead over its peer firms. Rosenblatt commented on the firm on March 23rd as it reiterated a Buy rating and a $325 share price target. Nvidia Corporation (NASDAQ:NVDA) recently also announced that it would invest $2 billion in custom chip designer Marvel. Financial firm Oppenheimer discussed the deal and commented that it would allow Nvidia Corporation (NASDAQ:NVDA)’s and Marvell’s products to work well together. As the shares remain lackluster, Cramer has wondered on multiple occasions why investors just don’t seem to be interested in the stock. This confusion was also present in his mind in this appearance:

“Now David I’m gonna front run you and say, given the fact that obviously, Anthropic is short compute, and the only way to get compute is to buy NVIDIA chips, why is NVIDIA stock down so much?”

Jim Cramer Still Hasn't Figured Out Why NVIDIA (NVDA) Stock is Down

Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine. Computer Chip Manufacturing at Fab. Semiconductor Packaging Process.

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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