Jim Cramer Discusses NVIDIA Corporation (NVDA) & AI Spending

We recently published 13 Latest Stocks on Jim Cramer’s Radar. NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer recently discussed.

NVIDIA Corporation (NASDAQ:NVDA) continues to be a stock that’s favorably present on Jim Cramer’s radar even though the shares have experienced some turbulence lately. The CNBC TV host firmly holds the opinion that the firm and its CEO, Jensen Huang, are heralding a new industrial revolution. This time, Cramer discussed the spending estimates that he was hearing related to NVIDIA Corporation (NASDAQ:NVDA):

“A lot of people, when I used to put out the three trillion number, that Jensen Huang put out, people would say well listen, you’re constrained by how much these companies can spend. But now the number’s seven trillion. I’m hearing seven trillion, that’s going to be spent. . .but that’s unbelievable!

“Look, these are days where, you find out you can just really, there’s a [inaudible] article about NVIDIA that I read. That video is going to be huge. Video that uses a lot of, power. I mean, the inference, the second generation inference is just using a lot of power. So things are getting better and better. By the way, the NVIDIA [inaudible] article said that they, again, way ahead of AMD, way ahead of Broadcom.

“This Vera Rubin new chip. . .NVIDIA Rubin CPX GPUs, purpose built, and it’s just so far ahead of everything else. And this is just a piece which says listen, once again, NVIDIA doesn’t stand still. Once again, NVIDIA’s got something that is just seismic. I don’t know, I mean Carl, NVIDIA is not a, it’s not just sitting there like a statue. They’ve got a lot of stuff. I don’t want to bet against NVIDIA. There was actually an upgrade today of NVIDIA, believe it or not.”

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.