Jim Cramer continues to endorse Nvidia Corp. despite a recent decline in its stock, citing support from analysts who believe shares are undervalued. The recent emergence of a Chinese AI product, DeepSeek, which was developed at a fraction of the cost of comparable OpenAI products, triggered a significant sell-off of Nvidia shares. However, some analysts argue that high-end Nvidia chips are still in demand and that the growth of AI could lead to increased market presence for these powerful products. Cramer acknowledges the market disruption potential but remains positive about Nvidia's prospects.
Cramer believes that despite the recent downturn in Nvidia's stock, there's a case for its growth due to potential increasing demand for high-end chips.
Nvidia's stock has recently tumbled, but analysts argue that the emergence of the DeepSeek product may actually bolster demand for high-end Nvidia chips.
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