2. NVIDIA Corp. (NASDAQ:NVDA)
Number of Hedge Fund Holders In Q3 2024: 193
NVIDIA Corp. (NASDAQ:NVDA) is Wall Street’s favorite AI GPU stock. The firm’s shares have gained more than 700% since OpenAI publicly released ChatGPT. However, the second half of 2024 was muted for NVIDIA Corp. (NASDAQ:NVDA)’s stock as investors shifted into a wait-and-watch mode for its Blackwell GPUs and the overall state of the AI industry. They returned in 2025 with fresh fervor as the shares gained 12.6% during the first week. However, since the conference, the shares have lost 13% over a lack of specifics for Blackwell shipments. Cramer, though, is a believer in NVIDIA Corp. (NASDAQ:NVDA)’s stock:
“Now several months ago I went to lunch with Jensen, he was still a little bit more on the fence on quantum. So he’s obviously done a lot of work on it. And he clearly does not think it’s an important technology. Anytime soon. You know a 20, 30 year time frame is not anything that he’s talking about frankly that he’s doing Carl. I think that people should sell those stocks and lock in their gains.” “Look, I mean over and over again, both Collette Kress, the CFO, and Jensen Huang were talking about how. Look, we’re shipping in size, we’re shipping in size. The big negative had been they were not shipping in size. Now people wanted them to guide up. That was not the nature of the CES conference.
“But Ben Reitzes asked this question which just said this, all right really, I mean is it longer term. And all you keep hearing about when it’s longer term is trillions. Not billions, but trillions. Now, can this stock hold up? It had one of the most vicious reversals. Which told me that the zero dot thirty guys, you know the guys who do our gambling, and they should go. By the way, we saw from Flutter and Draft Kings, that the house is losing. Just go beat them on Draft Kings. Stop it with the actual companies. Because you don’t know anything.”
“[Closed down after hitting all time high]Well I mean it’s what NVIDIA does, because the people who own NVIDIA, it’s like the guy who introduced NVIDIA on CES stage. Called it ‘NUVIDIA’, which I continue to remind people is a hand cream from Proctor & Gamble. . .Well it’s cause they don’t even know how to pronounce it. The point is the lack of knowledge of what this company does. Okay, some of the analysts are good, but some of the analysts are just talking about the quarter! And these are people, who are, they are bound by the four walls of idiocy. This is one of the greatest companies in the world, these people want to buy sell, buy sell, they don’t recognize that NVIDIA is doing things that are just running circles around. In AV, remember you need three. You need a simulation, you need a trainer, and you need the actual. . . .and Toyota, is going to be, I think one of the top five customers.
“[when asked whether NVIDIA can sustain its growth trajectory] Industrial revolution, why can’t we believe? Do you remember, did you read that, book about John Garfield, where they talked about the telephone, and Alexander Graham Bell tries to get it into the centennial in Philadelphia, and only because the Brazilian guy there doesn’t get to represent it. And Alexander Graham Bell says you know this could revolutionize all of how we do things. And the American judges were like who is this clown?
“I find over and over again that when you have the industrial revolutions no one really believes in them. And here’s Jensen Huang. The other day someone said to me, I see you’re like Jensen Huang, you guys both were dishwashers. And I said, I was a busboy. I mean the kinds of things I’m seeing with people at NVIDIA. How’s your dog doing? My dog died three years ago, should I sell the stock? Heaven forbid they listen to Colette Kress, who is not going to give you the numbers that you want.”
