NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer recently put under a microscope. Cramer highlighted SoftBank’s sale of its stake in the company, as he stated:
“I say own NVIDIA, don’t trade it. But we just learned that SoftBank, an outfit so rich I thought it could be meaningful to the AI buildout, had to sell its entire NVIDIA stake at big, it was a big profit to perhaps use that money for more AI investment. However, if you really believe the AI buildout will continue, then there could be no better investment than NVIDIA, which makes the chips that power all the stuff. Therefore, the SoftBank sale worries me because maybe they need to make big made, they made big commitments to the AI build out, commitments that are too expensive, and now require them to ring the register on NVIDIA to cover the cost.”
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NVIDIA Corporation (NASDAQ:NVDA) develops graphics, computing, and AI solutions, including GeForce and Quadro GPUs, data center platforms, and AI software. Its products are used in gaming, professional visualization, data center, and automotive markets.
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Disclosure: None. This article is originally published at Insider Monkey.