We’ve recently featured an article titled 16 Stocks Jim Cramer Discussed When He Claimed OpenAI Could Outperform All Major Tech Firms. Among those stocks is NVIDIA Corporation (NASDAQ:NVDA), which Cramer spoke about recently.
Following a deal between AMD and OpenAI where the latter is set to purchase chips from the former, shares of NVIDIA Corporation (NASDAQ:NVDA) experienced a decline. Nonetheless, Cramer remained optimistic, dismissing concerns of a downturn in demand for NVIDIA:
“Yes, many people anticipated a substantial order from Broadcom. That didn’t happen. What it signals about NVIDIA is their broader perspective due to the ten gigawatt power they require. It’s remarkable. Ultimately, I believe this may sound absurd, but I think everyone ultimately gains. So, NVIDIA might drop five or six today. This is the time to buy because I don’t foresee any change in demand.”
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“Jensen understands that Meta needs social connectivity and smart glasses. He recognizes that self-driving is associated with Musk, and that robotics also connects back to Musk. He knows that Google stands for search. No one wants to be Bing! This is all about avoiding being Bing! I think people fail to realize the embarrassment Microsoft has faced due to Bing over the years.”
While we acknowledge NVIDIA’s potential as an investment, we believe that certain AI stocks present even greater opportunities for enhanced returns with limited exposure to risk. If you’re seeking an exceptionally affordable AI stock that will likely benefit from Trump tariffs and onshoring trends, be sure to check out our complimentary report on the top short-term AI stock.
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Disclosure: None. This article was originally published at Insider Monkey.
