We recently published
12 Latest Stocks on Jim Cramer’s Radar . NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer recently discussed.
Cramer started the show by discussing AI chip giant NVIDIA Corporation (NASDAQ:NVDA). He discussed a note by Melius Research’s Ben Retizes that reiterated a Buy rating and a $300 price target. Cramer also mentioned Citi’s coverage that the growth in demand for AI workloads was leading to expansion in the cloud businesses of big tech companies:
“Right and I know that, Melius, that, uh, I got to tell you, Ben Reitzes has a piece which talks about why you should stay in. There’s a terrific piece by Citi obviously we’re going ahead, we’re going toward the earnings. I mean David, is it the key stock of this market? I would say that, AI which doesn’t exist, OpenAI is the key. And Sam Altman turns out to be, I would say the chief villain of this market. If you see, if you go into a bear market, if you go into a big decline, it because of that one person. Because there isn’t anything they say that’s any good anymore.
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.