We recently published Jim Cramer’s Fresh 14 Stocks & Thoughts About Market Performance. NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer recently discussed.
NVIDIA Corporation (NASDAQ:NVDA) is once again the world’s most valuable company. The firm’s shares have gained 41% since May and propelled it to the top of the market valuation pyramid. NVIDIA Corporation (NASDAQ:NVDA) has been helped by the fact that analysts have increasingly grown optimistic about the long-term demand for AI. However, Cramer was careful to note that apart from AI, NVIDIA Corporation (NASDAQ:NVDA) can also benefit from the growth in accelerated computing. He discussed the firm’s CEO and accelerated computing in detail:
“Oh there you go. Alright, hey, who is the leader of nicest guy on Earth! Jensen Huang. I mean Jensen Huang comes in peace. I remember when he didn’t like Zuckerberg because he thought it was about combat. And then Zuckerberg, pivots! I mean people have to understand that Jensen Huang when you meet Jensen, you think he’s just a guy who’s just a gamer and has no concept of how wealthy he is. I mean I’m telling you these guys, I know that there’s a tenor, especially in New York City, about rich people and how they conduct themselves. This man’s made more millionaires than anyone in America. And he just is so grateful that people made money with NVIDIA. And I just feel like I gotta say this stuff. He is not the beneficiary. It’s everybody he’s brought along.
“The real Jensen deserves everything. And people don’t understand this man’s changed the world and it’s not just AI. It’s rapid computing. Okay. The faster you are in accelerated computing, the more things you can do. And this is the man that made it so that we’re gonna have robots that make our beds and clean our toilets instead of him. . .Don’t forget when CoreWeave was struggling with its deal, what did he do? He came in and said listen I’ll buy as much CoreWeave as possible. Now, it was viewed as a charity mission. But he bought it at 40. This man is so smart. Does he ever make you feel that you’re dumb? No, he makes you feel that you’re smart.
A close-up of a colorful high-end graphics card being plugged in to a gaming computer.
“It does feel like there’s a let’s get it there momentum. I don’t like that I like it based on new accelerated computing or something new involving Blackwell or Rubin but it’s just on momentum.
“Look it’s the evolution of hardware. It is, if it were just AI, generative AI, that would be one thing. But it’s accelerated computing. People don’t give that enough credit. And I think this time is not software time. It’s not Exxon’s time, it’s the idea that we have a leader in the world of hardware. Remember there’s a ton of software in NVIDIA and there’s nobody that’s near them. Nobody that’s near them.
“Again, please don’t buy NVIDIA cause you want to say, yes I bought it over. Because that’s like going to the watch party. And watch parties never succeeds. Well, watch party never fits.”
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.
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