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We recently published a list of 10 Stocks on Jim Cramer and Wall Street’s Radar. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other stocks on Jim Cramer and Wall Street’s radar.
At the end of April, while discussing the best-performing stocks of the last 20 years, Cramer said that NVIDIA Corporation (NASDAQ:NVDA) went from graphics card maker to “king of artificial intelligence.”
“Second place, okay, a name you know very well from the show, and that’s NVIDIA. Do you know that NVIDIA’s up more than 50,000% since the show began? NVIDIA? It piqued my interest over 15 years ago when it was originally just a maker of graphics cards for video games. Since then, we’ve had the privilege of watching NVIDIA blossom into the king of artificial intelligence and accelerated computing. You know, I named my late dog NVIDIA because I wanted you all to know about it… I say, you bet against NVIDIA at your own peril.”
A close-up of a colorful high-end graphics card being plugged in to a gaming computer.
NVIDIA Corporation (NASDAQ:NVDA) develops computing and graphics solutions used across gaming, AI, data centers, and automotive industries. The company offers products like GPUs, cloud services, and enterprise software.
On May 29, Truist analyst William Stein increased NVIDIA’s (NASDAQ:NVDA) price target to $210 from $205 and maintained a Buy rating following the company’s strong first-quarter results. Stein said AI demand and solid execution are pushing growth despite export restrictions to China. Without those controls, first-quarter results and second-quarter guidance would have topped expectations by a wide margin. The firm sees continued growth in demand from cloud providers, businesses, and government buyers.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
