We recently published a list of 10 Jim Cramer Stocks to Watch as US-China Prepare to Begin Talks. In this article, we are going to take a look at where NVIDIA Corporation (NASDAQ:NVDA) stands against other stocks that Jim Cramer discussed.
The optimism over US-China trade talks is increasing as the US Treasury Secretary is set to meet China’s trade negotiator in Switzerland later this week.
In a latest program on CNBC, Jim Cramer expressed his renewed optimism for major tech stocks and said the negative market sentiment about these companies was weakened after the latest quarterly reports.
“Sometimes you forget why you ever liked something in the first place. Take the super stocks, the hyperscalers, the tech titans—I don’t care whatever you want to call them. These stocks all got lumped together because of their size, their gigantic market caps that dwarf the rest of the market, and then they lost their juice,” Cramer said. “It’s their scale, their smarts, their moats, their balance sheets, and their sensational products.”
Jim Cramer also talked about the latest data in company reports that shows the demand for data centers remains strong.
READ ALSO: 7 Best Stocks to Buy For Long-Term and 8 Cheap Jim Cramer Stocks to Invest In.
For this article, we picked 10 stocks Jim Cramer recently talked about during his programs on CNBC. With each stock, we mentioned the number of hedge fund investors. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Number of Hedge Fund Investors: 193
Jim Cramer in a latest program on CNBC said the market concerns about data center demand were crushed amid latest reports from major technology companies. Cramer said he stuck with tech investments at his charitable trust despite skeptics saying that the demand for data centers is declining.
“I found it incredibly frustrating because we never had clear evidence that there was anything wrong with the AI infrastructure thesis to begin with. The idea that hundreds of billions of dollars are going to be spent on these new data centers is true, and that’s why we stuck with the stocks for the Charitable Trust. We defied the data center bears, aided by an interview with data center expert Jensen Huang, CEO of Nvidia, who told us that demand for his highest-end chips is stronger than ever. And we felt like idiots for doing so. Day after day, we heard about little chunks of the story that, when added together, meant you were long in the tooth if you stayed positive and you were going to lose a lot of money. Until earnings season came along and the data center bears started getting gored by the bulls. That’s when we realized we were right all along.”
