Jim Cramer on These 9 Stocks Recently

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1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holders: 223

While at NVIDIA Corporation’s (NASDAQ:NVDA) annual GTC event, Cramer mentioned the company and said:

“See, NVIDIA facilitates the part of the A of AI that I believe will take over America and the world. They’re transforming the economy from one that’s run by people into one where people manage machines… I know I haven’t been able to convey the excitement people feel about NVIDIA here because it’s hard to express in terms of earnings per share. In the short term, it’s absolutely about earnings, but longer term, as Jensen Huang says, it’s about the sheer size of the opportunity, the AI opportunity.

So let me say this, in my 45 years of examining companies, I’ve never seen a business with this much opportunity. Could this nearly $3 trillion company one day be worth, say $10 trillion? Sure, why not? I’m not doubting it. Or if you want this distillation, plain and simple, NVIDIA, own it. Don’t trade it.”

NVIDIA Corporation (NASDAQ:NVDA), recognized for its innovations in graphics, computing, and networking technologies, is experiencing substantial growth driven by its GPUs and the CUDA software platform, both of which play an important role in AI infrastructure.

While we acknowledge the potential of NVIDIA Corporation (NASDAQ:NVDA) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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