Jim Cramer’s 10 Stock Picks That Could Change Your Investment Game

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1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Investors: 179

Jim Cramer highlighted NVIDIA Corporation (NASDAQ:NVDA)’s ambition to create more powerful chips that can accomplish incredible tasks. He noted that NVIDIA Corporation (NASDAQ:NVDA) has already achieved significant breakthroughs in this field, showcasing its innovative capabilities.

NVIDIA Corporation (NASDAQ:NVDA)’s strong outlook is backed by its impressive Q2 2024 earnings, which exceeded analyst expectations and showed record revenue growth due to high demand for its GPUs in data centers and AI applications. As a leader in AI hardware and software,NVIDIA Corporation (NASDAQ:NVDA)’s GPUs are essential for training and running AI models, positioning the company for ongoing growth as AI adoption increases across industries.

NVIDIA Corporation (NASDAQ:NVDA) is also enhancing its product offerings with innovations like the Hopper and Grace architectures, which improve performance for AI and high-performance computing tasks. Strategic partnerships with major tech companies help NVIDIA Corporation (NASDAQ:NVDA) expand its influence in areas such as autonomous vehicles, cloud computing, and gaming.

With rising investments in AI and machine learning, analysts have raised their price targets for NVIDIA Corporation (NASDAQ:NVDA), reflecting positive expectations for its growth. Recent announcements about major contracts and advancements in AI technology have further boosted investor confidence, creating a strong bullish outlook for NVIDIA Corporation (NASDAQ:NVDA).

While we acknowledge the potential of NVIDIA Corporation (NASDAQ:NVDA), our conviction lies in the belief that under the radar AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. 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: $30 Trillion Opportunity: 15 Best Humanoid Robot Stocks to Buy According to Morgan Stanley and Jim Cramer Says NVIDIA ‘Has Become A Wasteland’.

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