Jim Cramer’s Top Stock Picks: 10 Stocks with High Potential

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1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Investors: 179

Jim Cramer noted that NVIDIA Corporation (NASDAQ:NVDA) shares are down on Monday, but this appears to be just profit-taking after the AI chipmaker’s stock surged nearly 16% last week.

“Nvidia shares are lower Monday. It looks like nothing more than profit-taking after the leading AI chipmaker surged nearly 16% last week.”

NVIDIA Corporation (NASDAQ:NVDA) presents a strong investment opportunity due to its leading role in the growing AI and data center markets. In Q2 2024, NVIDIA Corporation (NASDAQ:NVDA) reported record revenue of $30 billion, a 122% increase from the previous year, driven by a 154% surge in its data center segment. NVIDIA Corporation (NASDAQ:NVDA)’s GPUs are essential for AI applications, positioning Nvidia to capitalize on the AI boom.

Its advancements in both hardware and software reinforce its dominance in the tech industry. NVIDIA Corporation (NASDAQ:NVDA)’s key presence in high-demand areas like data centers and autonomous systems, combined with its leadership in AI and machine learning, suggests strong potential for ongoing revenue growth and high profit margins. This makes NVIDIA Corporation (NASDAQ:NVDA) an attractive long-term investment.

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 the ones on our list 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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