We recently published 13 Stocks Jim Cramer Talked About. NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks that Jim Cramer talked about.
AI GPU giant NVIDIA Corporation (NASDAQ:NVDA)’s shares are up by 31% over the past year and down by 3% year-to-date. UBS raised the firm’s share price target to $245 from $235 and kept a Buy rating. The bank noted “middling” stock performance and added that NVIDIA Corporation (NASDAQ:NVDA) was heading into a favorable fiscal fourth quarter earnings setup, given bullish supply chain signals and management frustration. Goldman Sachs outlined a $250 share price target and a Buy rating on the stock in February. The bank commented that NVIDIA Corporation (NASDAQ:NVDA)’s fiscal fourth quarter earnings could see the firm deliver a $2 billion revenue beat. Cramer has ardently stuck with the shares despite the sluggishness, and he continued to defend the firm in this appearance:
“Okay so I think NVIDIA would say, they’re gonna have so much business that we aren’t cutting everybody back, yes. But the fact is, is that everyone [inaudible] says listen we can’t away from NVIDIA. Because it just has too much training, fantastic for training. . .Look, Jensen Huang invented the category. He’s so far ahead of everybody else, the new Vera Rubin is going to be great, the software stack on top is terrific. . .Jensen’s the king, nobody’s unseating the king.”
While we acknowledge the potential of NVDA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
