We recently published Jim Cramer Didn't Hold Back On ****** eX's IPO & Discussed These 12 Stocks. NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks discussed by Jim Cramer.
NVIDIA Corporation (NASDAQ:NVDA)'s shares are up by 40% over the past year and by 7.4% year-to-date. It is one of Cramer's favorite stocks, as he has continued to defend the company even though the shares have posted lackluster performance lately. The CNBC TV host continues to believe that NVIDIA Corporation (NASDAQ:NVDA) is at the heart of the ongoing industrial revolution and is leading the industry when it comes to AI GPU technology. The firm made another important announcement recently when it revealed the ****** e-1 Vera Rubin Module to bring AI computing to ****** e. In June, markets are busy anticipating ****** eX's IPO, and Cramer has been busy commenting on the issuance as well. In a tweet, he ****** erted that despite investor focus on ****** eX, NVIDIA Corporation (NASDAQ:NVDA) was nevertheless at the center of unlocking the market:
"Nvidia, NOT ****** eX remains the key to this market
"Bitcoin and gold–bad money, being liquidated for ****** eX. Apple and Nvidia –good money–being liquidated"
While we acknowledge the potential of NVDA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.