Jim Cramer Discusses These 10 Stocks & Comments On OpenAI’s Valuation

3. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders In Q3 2024: 193

NVIDIA Corporation (NASDAQ:NVDA) is the stock that the media just can’t stop talking about. Its GPUs are powering the AI wave, and the stock dropped by 17% during the DeepSeek Selloff on Monday. Cramer believes that it’s important to watch whether NVIDIA Corporation (NASDAQ:NVDA)’s orders will fall, and he adds that the firm’s latest Blackwell chips are also geared towards ushering in a new industrial revolution through humanoid robots. His latest remarks surrounded GPU export controls:

“I think that the white house is actually a little less hard-line than people think. I think that the White House wants to hear, the White House is trying to figure out, did DeepSeek get a hundred thousand high-end chips from Singapore. And I posted yesterday on X, absolutely not. That there’s just no evidence whatsoever to NVIDIA that they diverted them from Singapore. I think that they’re in a jam. If they say, look, the reason why DeepSeek really, they had access to a hundred thousand, it’s not like they made. . .okay I’ve got an analogy for you. So you have a juicer, that can make ten glasses of orange juice out of an apple . . .out of an orange, that’s what Jensen is doing. They can make ten glasses of orange juice out of one. Or, you can make, you have ten juicers and you just get one glass. So do you really need to pay for ten juicers? You can just buy DeepSeek’s juicer. And that’s the worry.”

“Yes but that matters tremendously. Right so I mean look you want to play jeopardy. I don’t want it to play, I don’t want it to be, it plays a great game of checkers. Bit NVIDIA is a grand master. Kasparov. Remember? Grand maestro. That’s who NVIDIA is. Grandmaster. And the President is going to like him. And I think that they’re going to come out and he’s gonna say, whatever is good for NVIDIA, is good for America.”