NVIDIA Corporation (NVDA)'s CEO Is "A Charming DaVinci," Says Jim Cramer

We recently published 10 Stocks On Jim Cramer’s Radar As He Says Trump Has Been Good For Growth. NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer recently discussed.

NVIDIA Corporation (NASDAQ:NVDA) scored a big win in July when the firm announced that it was accepting orders for the China-specific H20 GPU after being hopeful about the Trump administration potentially granting export licenses for the AI chip. Cramer discussed the developments and the key role NVIDIA Corporation (NASDAQ:NVDA) Jensen Huang had to play in the development:

“They’ve got something too. Lisa Su’s got something that I wanna just go over what happened this weekend. The President met with Jensen. Jensen is, he’s, I call him DaVinci, he’s a charming DaVinci. He’s really hard to resist. And if you go, and listen to Mad Money when Jensen was on last, everyone was thinking he’s going to get shot down. And he said no, he has tremendous faith that this process would work. He talked to the President about the idea that the dollar is the reserve currency, and you want NVIDIA’s chips to be the reserve currency. You want everyone to know that everything is built around NVIDIA. That’s going to help because 50% of the engineers in the world are in China. You don’t want them to be the reserve currency, you want us. Apparently that was very persuasive for the President. And it should be. Because what it says is, we’re unbelievable, let’s take credit, it’s only going to help us. Let us in. The second chip is for construction. It’s a, what you call a digital twin where you build a model where you. . .This is a huge win. Other than Jensen I don’t know a soul who felt the President would change his mind over this. Not a soul. But Jensen was convinced that if he just explained why this is about American dominance, the President would believe it.

“He said look this is we’re gonna be the, I love that reserve currency line, you know when he said it, when they were putting that out, I said wow I don’t know, that’s a good one. Because before it was kind of like look we don’t want them to develop their own. . .but when he came out with this idea that America must be triumphant. I think it really resonated with the President. . . I think that Jensen made a case that we are the supreme leaders of the world, let’s not take it down and give the Chinese the edge. And the President really liked that. Because some of the President’s advisers were like, he’s too close to China.

“[On analyst upgrades] No I thought that Ben Reitzes’s next up five trillion was a really cogent piece. These are big surprises. Look, these are huge surprises to anybody who’s been following NVIDIA closely because it looked like a lost cause. And, Jensen, if he can get with the President and explain it, the President would understand. The President he got with Jensen, the President understood. He reversed this. They didn’t get the chips that they wanted. They got powerful chips but not the ones they wanted.

“[On whether Huang had more juice with Trump than any other CEO] Yes, absolutely.”

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Disclosure: None. This article is originally published at Insider Monkey.