2. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holders In Q3 2024: 193
Since these remarks were after NVIDIA Corporation (NASDAQ:NVDA) CEO Jensen Huang’s appearance at the CES in Las Vegas, Cramer went into quite a bit of depth about the company. At the CES, Huang explored a variety of AI applications in a keynote that appeared intent to shift the focus away from enterprise AI applications which have dominated the narrative so far. It covered industries such as robotics and automobiles, and an announcement that caught Cramer’s attention was NVIDIA Corporation (NASDAQ:NVDA)’s plan to squeeze its Blackwell GPU into a laptop:
“First thing I’m gonna say is that there’s just a huge amount of people saying Amazon’s gunning for NVIDIA. Well, Amazon, they play a good game of chess. No, they play checkers. After this, Amazon’s a checker’s play. Jensen’s playing chess.
“Well because Amazon, well the big reason why Amazon, that Amazon’s supposed to be gunning for NVIDIA, right. Microsoft’s supposed to be gunning for, good luck, he [Jensen Huang] left that behind. Because he’s doing physical.
“So here’s what’s going on. There’d been a lot of scrum, about who’s doing maybe inference, then Amazon’s moving into training. NVIDIA’s not talking about any of that. NVIDIA’s talking about robots. They’re talking about the way you build a factory. They’re talking about physical. They’re talking about Toyota going the way that Tesla’s going. They basically just said you and I are gonna have robots.
“My point is that he is leaving everyone behind. And that’s why it’s stock can go higher. Because if we’re doing physical [physically shrinking a Blackwell GPU in a laptop form factor], what that means is, that you are going to have a robot that does, that is going to be doing exactly what we can do. A robot will be able to talk, it’ll be able to be our buddy. It’ll do things that we hadn’t been able to think they could do. And this is what this is about. This is about productivity and robots. Now yes the PC that we showed that’s gonna be for sale for a very good price. I think that’s going to be very competitive, maybe there’s really going to be AI. But I was just blown away by the digital twin for manufacturing, the Toyota being like Tesla, the humanoids. Remember he keeps [inaudible] humanoids. They even threw a bone in for Apple Vision Pro. Which the downgrade says is a bust. Okay fine, but I just think that it was, that it was, that it was about not being the Jensen Huang that we’ve been hearing about. . . .but I just think that this was, dazzling. Intellectual purposes. Not showman purposes.
“Okay so, who has been a huge customer? Tesla in the data center. Notice that he said the data center, he didn’t say car. Because they’re not making the ones for the car. But if Toyota does that, Toyota has the balance sheet to do it. You know, they’re gonna have to buy five, they may have to buy five hundred thousand chips to get this done. So you’re looking at orders from now to kingdom come. Now over and over and over again he says we’re ready to ship, Blackwell’s ready to ship. Blackwell will be shipping by. . . so therefore you want to put the numbers up right now. I thought that there would be people who say you know what I’ve already heard this.”
