We recently published Jim Cramer Said AI Is A “Souped-Up Google” As He Discussed These 11 Stocks. NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer recently discussed.
NVIDIA Corporation (NASDAQ:NVDA)’s earnings report saw the shares fall by as much as 4% in aftermarket trading. Cramer discussed the stock in detail the day before its earnings and shared a key metric that had to be addressed during the earnings call for the firm’s long-term success:
“Okay, so, we actually had the CEO of MongoDB on this morning, talking about the overspending. Are the hyperscalers overspending? Does it really matter? . . .Talked about hallucination and the problems there. I come back and say, the answer to everything, come to this company. You cannot have generative AI, the way you’d like to, without NVIDIA. So you’re going to have, what some people say, overspend, but, its the table stakes, it’s the price to be in the business. David, there are a lot of people who feel this will come up tonight, that the total cost of ownership in NVIDIA has gotten too high and you can’t make money with it.
