Jim Cramer Gives 'One More Reason' To Buy Nvidia
Portfolio Pulse from Benzinga Neuro
Jim Cramer, host of CNBC's 'Mad Money', has expressed optimism about the prospects of Micron Technology, Inc. (MU) and NVIDIA Corporation (NVDA), suggesting their stock prices could rise further. He recommended buying shares of Nvidia and Broadcom (AVGO), highlighting Micron's role in the AI space and its high bandwidth business essential for AI accelerators like Nvidia's Tensor Core H 200 and Blackwell. This comes as Micron initiated large-scale production of high-bandwidth memory semiconductors for Nvidia's new AI chip, expected to drive significant revenue growth.
March 21, 2024 | 11:21 am
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POSITIVE IMPACT
Jim Cramer's recommendation to buy Broadcom shares, alongside Nvidia and Micron, suggests a favorable short-term outlook for Broadcom's stock.
Cramer's recommendation to buy Broadcom shares, without specific details on Broadcom's role or products, suggests a positive but less direct impact on Broadcom's stock price compared to Nvidia and Micron.
CONFIDENCE 75
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Jim Cramer's positive outlook on Micron, especially its high bandwidth business crucial for AI, alongside its large-scale production of HBM semiconductors for Nvidia's AI chip, suggests a potential short-term price rise.
Cramer's endorsement, Micron's role in AI, and its production of semiconductors for Nvidia's AI chip are significant factors likely to positively impact Micron's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 90
POSITIVE IMPACT
Nvidia's anticipated revenue growth from its new AI chip, backed by Micron's HBM semiconductors and Cramer's endorsement, suggests a positive short-term price trajectory.
Cramer's positive sentiment, coupled with Nvidia's advancements in AI technology and the upcoming H200 GPU, are key drivers for Nvidia's stock price increase in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 95