NVIDIA (NVDA) Has The AI Orders, Says Jim Cramer

We recently published 11 Stocks on Jim Cramer’s Radar. NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer recently discussed.

NVIDIA Corporation (NASDAQ:NVDA)’s AI GPUs rule the AI industry. In this appearance, Cramer discussed the orders for these chips. The orders are crucial for NVIDIA Corporation (NASDAQ:NVDA)’s valuation, and the CNBC TV host believes that there is more than enough demand for the chips:

“I do think that they have the orders, so does Jensen, Jensen Huang has the orders. You need the orders in order to be able to get to where we’re gonna go here. It’s just that we need the orders to be paid for. . .I know that Jensen Huang has a list of clients who’re willing to pay for anything, anything that was meant for China. And I think, I think you own NVIDIA, don’t trade it.”

“[On swings in NVDA stock despite the $5 trillion market cap] I think that it’s discouraging cause there’s so many stocks that are just kind of left in the dust. And that’s wagging the dog. But, I will say, if you believe in any of this stuff, any of the hyperscalers, any of the spend, the line here’s going to NVIDIA. Not to Lisa Su. . . .But NVIDIA is still the one that has to work, it has to. So I think the great hedge against all this, is be long NVIDIA, it really is. And the fact that it swings, well, I wish others were as big so it wouldn’t. It’s not happening, wer’re sticking with the same seven that are big. And that’s a little discouraging. Doesn’t mean that they’re wrong, does mean that you better get used to NVIDIA if it’s down a couple of bucks. It’s not a good day.”

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