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Jim Makes Subtle Yet Big Shift For Nvidia Corporation (NASDAQ:NVDA)
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Nvidia Corporation (NASDAQ:NVDA) is a stock that Jim Cramer has stuck by despite the relatively weak share price performance as of late.
The reason Cramer discussed Nvidia Corporation (NASDAQ:NVDA)’s balance sheet was the firm’s announcement that it would backstop OpenAI’s massive data center in Ohio.
In a series of tweets, Cramer went as far as to liken Nvidia Corporation (NASDAQ:NVDA) to a central bank:If OpenAI gets massive funding then Nvidia’s stock will go higher.
Nvidia Corporation (NASDAQ:NVDA)’s bulls believe that the competitive dynamics in big tech firms mean that the spending will remain robust.
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