Jim Cramer’s Hottest 10 Stock Picks

3. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Investors:186

NVIDIA Corporation (NASDAQ:NVDA) stands to gain substantially from the surging demand for AI, particularly as more companies and researchers invest in AI development. The continuous growth in AI training within data centers is the main force driving NVIDIA Corporation (NASDAQ:NVDA)’s revenue.

Although AI technology is expected to advance significantly over the next decade, the current demand already signals a strong outlook for NVIDIA Corporation’s (NASDAQ:NVDA)’s business. UBS analysts anticipate a 27% increase in NVIDIA Corporation (NASDAQ:NVDA) from its current $118 price, which would raise its forward price-to-earnings ratio to 54, indicating strong confidence in Nvidia’s future growth.

Jim Cramer emphasizes that NVIDIA Corporation (NASDAQ:NVDA)’s CEO, Jensen Huang, has been confidently stating that purchasing Nvidia chips could potentially quadruple returns. He stresses that this isn’t a mere speculation but a reality, and questions how much anyone has actually gained by betting against Huang’s predictions over the years.

“Nvidia’s Jensen Huang has been telling you can get 4x your money if you buy his chips. That’s 4x return. I think Meta could end up getting that. The others, they actually have to spend to play catchup. It’s not mythical, it’s reality. How much money have you made over the years betting against Jensen Huang?”