Jim Cramer Talked About These 16 Stocks Recently

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1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 212

A caller inquired about Cramer’s thoughts on NVIDIA Corporation (NASDAQ:NVDA). Here is what he said:

“I think Jensen makes a very compelling case when he argues that we should let NVIDIA sell those chips to the Chinese because otherwise China will indeed invest much more heavily in their own semiconductor industry. Wouldn’t it be better to blunt China’s efforts to leapfrog us and keep them dependent on our chips, the same way we’re depending on their rare earth minerals? Sadly, the White House says no. I think it makes a ton of sense.”

NVIDIA (NASDAQ:NVDA) develops advanced computing, graphics, and networking solutions, offering products and software for AI, gaming, data centers, robotics, and automotive technologies. On May 13, Cramer said that President Trump’s policy shift initially hurt the company, but later boosted its stock by opening up major new markets, as he said:

“As those who shorted the market now realize, the President’s pivot was wildly bullish for the very companies that had previously been hit the hardest. Take NVIDIA. On the one hand, Trump effectively forced NVIDIA to take a $5.5 billion charge for chips it could no longer sell to China. On the other hand, he’s now out there helping NVIDIA sell chips to some of the biggest clients in the world, the Gulf monarchies. NVIDIA stock has made a historic comeback [buy, buy, buy]… It’s a big deal for the Saudis because they weren’t on the arbitrary, capricious list of 18 friendly countries that President Biden approved to buy NVIDIA’s best technology. Now, instead of 18 friends, we got a whole bunch of friends that can buy NVIDIA’s top chips. I see many new mini hyperscale or sovereign AI countries developing.”

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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