NVIDIA Corporation (NASDAQ:NVDA) has lost nearly $600 billion in value after a significant selloff, leaving investors wondering if the company’s AI chip investments will materialize. Jim Cramer, a well-known CNBC TV host, recently discussed his thoughts on the stock and the firm’s latest Blackwell AI GPUs.
Cramer believes that while large language models (LLMs) are being heavily scrutinized, NVIDIA is focused on the bigger picture. He thinks that the company’s CEO, Jensen Huang, is not just about video, but also about making robots work with AI technology. Cramer also expressed skepticism about the authenticity of data from DeepSeek, a Chinese social media platform.
On the topic of AI and technology, Cramer was disappointed by the lack of demand for AI on the consumer side. However, he believes that healthcare is a promising area where AI can make a significant impact. He mentioned that companies like Stripe are working to provide infrastructure for AI adoption, which could lead to increased spending in the sector.
Cramer’s comments about NVIDIA Corporation (NASDAQ:NVDA) come as the company faces reports of troubles with its latest Blackwell chips. Despite this, the stock has seen a 17.3% increase since Cramer’s comments, compared to a hypothetical 36% gain if the selloff hadn’t occurred.
Overall, while Cramer acknowledges NVIDIA’s potential as an investment, his conviction lies in other AI stocks that hold greater promise for delivering higher returns and growth within a shorter time frame.
Source: https://www.insidermonkey.com/blog/jim-cramers-nvidia-nvda-take-a-repeat-of-1999-would-be-devastating-1440020