NVIDIA Corporation (NASDAQ:NVDA) is one of the 13 stocks Jim Cramer recently shed light on. While discussing the data center stocks, Cramer mentioned the company and said:
“Third, the data center, which is just going bonkers. You need to know what’s in the data center. It starts with NVIDIA, of course, which is at an all-time high today and is now the largest stock in the world… The data center is built around NVIDIA’s chips… Fourth group of winners, the semis. There are lots of overlaps with the data center, okay, including the biggest being NVIDIA.”
A close-up of a colorful high-end graphics card being plugged in to a gaming computer.
NVIDIA (NASDAQ:NVDA) delivers advanced computing, graphics, and networking solutions spanning gaming, AI, data centers, and automotive technologies. The company’s products include GPUs, AI software, cloud services, and tools that power visual computing, autonomous systems, and enterprise AI development. During a May episode, Cramer said the company makes the “most sophisticated chips in the world,” as he commented:
“Currently, NVIDIA makes the most sophisticated chips in the world, and until a few years ago, it had 95% of the Chinese market, giving potential Chinese rivals zero room to compete. Now that was a pretty great situation, but our nation’s interests in China have totally diverged under Trump… Last night, after NVIDIA reported one of the best quarters I’ve ever seen, CEO Jensen Huang made a plea on this show to keep doing business with China, both to maintain U.S. semiconductor supremacy and to keep the profits flowing…