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Jim Cramer Took A Side On Biggest AI Debate & Discussed These 13 Stocks. NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks discussed by Jim Cramer.
AI GPU giant NVIDIA Corporation (NASDAQ:NVDA) reported its earnings on the 20th. By afternoon on the 21st, the shares were down by 1.43%. Cramer is one of the firm’s biggest fans. Ahead of the earnings, TD Cowen discussed the firm as it raised the share price target to $275 from $235 and kept a Buy rating on the 15th. The coverage came as the financial firm previewed the semiconductor earnings cycle and pointed out that investors were focused on stocks poised to benefit from shortages. Cramer discussed NVIDIA Corporation (NASDAQ:NVDA) ahead of the earnings report and asserted that CEO Jensen Huang would have to set the record straight about the competition his firm was facing from custom AI chips:
“Yeah I’m not sure how much to rely on that because the narrative. . .reset by Jensen. And I think what he has to do is say that the total addressable market twice what people thought. And the thicket that he has to manage, Amazon and Alphabet. These are huge customers. They both on their conference call, do the, yeah NVIDIA’s important, we would never break up, but it’s our own chips, our own chips, our own chips. Andy Jassy, 50 billion dollar chip business. So what matters is, how much can he craft the story away from them, maybe using Anthropic, maybe using OpenAI, maybe using Meta, maybe using Elon. But David, you know that if he just goes in and doesn’t address the fact that these other guys are gunning for him, then I think [inaudible].
“. . .the fact is, Jensen is the best in the world, and if you bring yourself down, where you have to basically play defense, instead of offense, then I think people get confused. . .he’s gotta address the CPU issue, with Groq. And I think he can say, also, that people are misunderstanding the importance of these two hyperscalers. And that he can live without them. . .just has to say, listen, I love them, they’re great, but we’ve got so many people that want our chips. And the Vera Rubin’s sold out, next year. . .”
Following the earnings, the CNBC TV host discussed NVIDIA Corporation (NASDAQ:NVDA)’s share price and dividends:
“Only Nvidia can report that great a q and not do anything. People demand 76% gross margins Insane.. Let’s see what the call says
“Nvidia is going to have to start doing an Apple like dividend and buyback combo. I know it sounds “boring” but it worked for Apple and Nvidia will have a lot of cash on hand….”
