We recently published Jim Cramer Talked About These 14 Stocks & Discussed AI And Layoffs. NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer recently discussed.
After NVIDIA Corporation (NASDAQ:NVDA)’s GTC Conference in Washington, Cramer had a lot to say about the firm. He discussed the firm’s earnings multiple, CEO Huang’s comments about a $500 billion revenue opportunity, and China approvals:
“[As shares rose after Huang’s GTC conference and approached $5 trillion and Carl commented on BofA’s report of consensus shifting from 80 cents when ChatGPT emerged to now being ten bucks] Yeah I mean that’s what happens when you have a stock that looks like a very high price to earnings multiple but isn’t. You do have to have a suspension of belief because this man has pulled off something rather [inaudible]. If you look at all the companies that were speaking at GTC, you’ll see that he’s integral to every single industry. I wanna be sure, the number that he actually gave, the 500 billion in orders, that actually may be a bit of a, a bit of an overstatement of what he might have meant to say. Because I think that you are looking for something that’s more, about a 100 billion dollars lower. It’s not hyperbole but I think that I just want to walk it back a little, David, because you know, if you look at Ben Reitzes’ piece from Mellius, you will see that piece right there. . .that’s a good piece in terms of what the real number is.
