We recently published 11 Latest Stocks That Jim Cramer Just Talked About. NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer recently discussed.
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The end of August is seeing some investor jitteriness when it comes to NVIDIA Corporation (NASDAQ:NVDA)’s shares. After the stock failed to close higher following its fiscal Q2 earnings report, the shares lost more than 2% on Friday after Chinese technology giant Alibaba unveiled its AI chips. Cramer commented on NVIDIA Corporation (NASDAQ:NVDA) after its earnings report and discussed it in quite a bit of detail:
“[On H20 comments in the call] Look I think that was the most opaque moment on an otherwise terrific conference call because it’s up to two different governments. A lot, for some of the numbers that you saw that they allegedly disappointed, is because they did have something in for China and there was nothing in for China. Look I’m not, China’s not a side show, it’s very, very important. Because you’ll buy the stock at 190 if it comes out today what they’re gonna do. But David, I think the, I wanna posit something that kind of, I think will help viewers at home. When we saw Microsoft, go to four trillion, we said, fine, it’s software, that happens. In the old days when we saw Exxon become the number one company, well that’s oil, that’s what happens. At one point we had Merck, okay that’s pharma. Right now we have to accept the fact that this is hardware, with a software component, and it’s changing the world, and the most important number is that they’re talking about a total addressable market that’s going to triple in the next four years. If that’s the case, then revenues could triple. And then you’d say, well, even though it’s hardware, this is the greatest growth story ever told.
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