NVIDIA (NVDA) Has All the Memory In the World, Says Jim Cramer

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We recently published 12 Stocks on Jim Cramer’s Radar.  NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks on Jim Cramer's radar.

AI GPU giant NVIDIA Corporation (NASDAQ:NVDA)’s shares are up by 42% over the past year and down by 1.8% year-to-date. Wolfe Research discussed the firm in early February. It reiterated an Outperform rating on NVIDIA Corporation (NASDAQ:NVDA)’s shares and commented that being patient was important when it came to the performance. Wolfe’s opinion mirrors Cramer, who has long advocated holding NVIDIA Corporation (NASDAQ:NVDA)’s shares instead of trading them. Goldman Sachs reiterated a Buy rating and a $250 share price target in February. The bank commented that the firm’s upcoming earnings report could see the firm post a beat and raise. Some factors that Goldman Sachs discussed included hyperscaler capital expenditure and demand from AI software firms such as OpenAI and Anthropic. Cramer commented on the recent turmoil in the memory industry:

Photo by Javier Esteban on Unsplash

“And then NVIDIA has all the memory in the world because Jensen went into those two companies in Korea. Which was remarkable that he thought about it because they produce so much memory there. And, once again, why you want to own NVIDIA? I recognize you’ve been taking a beating in NVIDIA. But look at the time since when I’ve been saying own it don’t trade it. There have been moments of beat downs that are extraordinary but this maybe the Muhammad Ali. This is the GOAT. Don’t mess with the GOAT.”

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Disclosure: None. This article is originally published at Insider Monkey.