Is NVIDIA Corp (NVDA) The Best Jim Cramer Stock to Buy Now?
Is NVIDIA the Top Cramer Pick Despite AI Lead?
Jim Cramer has been a consistent advocate for NVIDIA Corp (NASDAQ:NVDA), despite its recent underperformance. Cramer believes NVIDIA should be owned, not just traded. Wall Street remains bullish, with Wells Fargo recently raising its price target for NVIDIA, highlighting its dominance in the AI chips market, where it holds an 84% share.
NVIDIA has seen substantial growth, with significant increases in revenue, earnings, and free cash flow, driven by strong demand for AI models and its market-leading GPUs. Despite predictions of increased competition, NVIDIA’s technological edge and strong market positioning are expected to sustain its growth in the AI adoption phase. However, according to Insider Monkey, NVIDIA is not currently the top Jim Cramer stock to buy.