NVIDIA Corporation (NVDA): Don’t Worry About AI Taking Away Jobs, Says Jim Cramer

We recently published Jim Cramer Discussed These 13 Stocks & Shared Major Warning For Rare Earth Stocks. NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer recently discussed.

NVIDIA Corporation (NASDAQ:NVDA) continues to be caught up in geopolitical tensions between the US and China as it’s restricted from selling its GPUs to the Asian country. Cramer discussed CEO Jensen Huang’s remarks in a conference where he shared that NVIDIA Corporation (NASDAQ:NVDA)’s China market share had dropped from 95% to zero:

“[On Huang’s comments about company losing market share in China] Yeah, look. The China hawks are, I thought that they didn’t have the cards. I thought that Jensen at one point was very clear that the President believed that he’s right. David seems like the globalists are once again, out.

“[On whether that meant we were back against free trade] Yes and back to jingoist versus India. And telling other countries what to do. And that the China. This may be a gambit for China. . .look the Chinese, Huawei, they have chips.

“They are my friends and, okay so listen to me and listen good. Next generation is reasoning. . .you can talk to it, it’s smarter. You can replace a huge number of people. However, we’ve seen, ultimately that you don’t have to worry about it. Good piece in the Washington Post, about how, historically, these things have bred, many jobs.”

“I think Jensen’s right, you’re gonna have these machines, this is not what he said, but I interpret it as meaning, when you have. . . when you have a third to fourth year lawyer. . it’s got to be right. The law firms I’ve dealt with and I’ve called everyone, they’re saying listen it’s not accurate enough yet. What happens if it is accurate?”

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