Cramer predicts that Nvidia is not yet at its peak ahead of its earnings report.
- Cramer advised investors to buy, rather than trade, Nvidia's stock prior to its quarterly report.
- "If you believe Nvidia's quarter is finished, you also think that AI is completed," Cramer stated.
CNBC's Jim Cramer has long been a supporter of semiconductor giant Nvidia. Prior to the release of Nvidia's quarterly report, which will be made public after Wednesday's close, Cramer encouraged investors to buy, rather than trade, Nvidia stock.
Cramer stated that he may still be a believer, but he knows the reason why. He believes Nvidia deserves its valuation, and if they report a decrease in value tomorrow, it's just another day, as it is Friday.
Nvidia's market capitalization growth has been meteoric, and while some on Wall Street may be skeptical, Cramer believes it is justified and will continue to thrive. He compared Nvidia CEO Jensen Huang to Taylor Swift, highlighting their unmatched success in their respective domains.
He stated that they possess both kinetic energy and brilliance, yet they are far from reaching their peak." "In terms of artificial intelligence, we may be at an early stage, with Nvidia's 'Eras Tour' equivalent still years away, and a string of successful products that the industry admires.
Cramer advised investors not to overlook Nvidia's significance in the artificial intelligence industry. He emphasized that many new AI products are derived from Nvidia, and that the company's current software is already revolutionary. Furthermore, Cramer suggested that Nvidia likely has even more advanced technology in store for the future.
"If you believe Nvidia's quarter is finished, you also think that AI is completed," Cramer stated.
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Disclaimer The CNBC Investing Club Charitable Trust holds shares of Nvidia.
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