Was Jim Cramer Right About NVIDIA Corporation (NVDA)?

We recently published a list of Was Jim Cramer Right About These 11 Stocks? In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other stocks that Jim Cramer discusses.

A close-up of a colorful high-end graphics card being plugged in to a gaming computer.

In a deeply passionate older segment, Cramer delivered an extended tribute to NVIDIA Corporation (NASDAQ:NVDA), making it clear this was one of his most strongly held convictions. He criticized traders and reaffirmed the long-term vision:

“Heck of a day for Nvidia, my favorite stock, one I always say to own, not trade. Yet, I keep hearing about how to trade Nvidia. Should you go long or short the greatest artificial intelligence play of our time? One that’s already changing the world with its borderline miraculous semiconductors? Should we declare Victory sell the darn thing up here? Hey, maybe buy some more. […]

Nvidia is quite simply something much bigger than a semiconductor company. Much bigger than a platform. […] Nvidia is a cult. It’s the loom. It’s the steam engine. It’s the windmill. All wrapped up with an iPhone in a 2001: A Space Odyssey bow. […]

This is a company run by Jensen Huang. He’s a man I call Da Vinci because he is a visionary, a true modern-day renaissance man. He’s created a series of semiconductors that can be trained, and then can take a data set and infer pretty much everything that needs to be known. […]

Nvidia has become a fascination. Many  of the people who own it have no idea what it does. […] If people took the time to learn the company — and it’s all there — they wouldn’t trade it. They wouldn’t own ETFs that encourage the whama-jama buying and selling. They would just prosper like my charitable trust does with the own it; don’t trade it mantra. If you’re going to own this stock, you must take the time to learn. You see, that’s really the secret. […]

So, what do you do with Nvidia now? I think you get another chance to buy it. But if you just want to trade it, don’t bother. Please. This is a company dedicated to the proposition that there’s a new Industrial Revolution — and it runs on Nvidia and it shouldn’t be traded. […]

I think it is headed much higher, which is why we own it for the charitable trust.”

Cramer’s unwavering belief in Nvidia proved correct with a 26.48% rally. NVIDIA Corporation (NASDAQ:NVDA) continues to dominate the AI hardware market with its industry-leading GPUs powering next-gen data centers and autonomous systems.

Undoubtedly Cramer remains a big fan of the semiconductor king. Here are his latest comments from May 21:

“[On Melius note highlighting 16 GW of new incremental AI compute build out] I loved this piece this morning cause it said that sovereign AI really matters. That the UAE really matters. David, the big project that you guys talked about with Larry Ellison. . . .that’s very good for NVIDIA. What I worry about Carl, is that he took on, the government. Very, very hard. Saying, look, we are doing the wrong thing in China. That we should get them basically, they used to be all built on us. Now it’s 50%, they’re [inaudible] to use second rate rather than us. We have to chane the rules and we have to go back to being the dominant player in China cause it’s good for our country. It’s very philosophical. I regard Jensen as right. . .he’s the best there is.”

Overall, NVDA ranks 5th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some 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.

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