Jim Cramer Doubles Down On Nvidia: 'Demand Is Accelerating' As AI Customers 'Have No Choice' But To Buy Its Chips

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Jim Cramer Doubles Down On Nvidia: 'Demand Is Accelerating' As AI Customers 'Have No Choice' But To Buy Its Chips - Benzinga

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What Happened: “The demand is accelerating because the payoff is so great,” Cramer said on Thursday, citing CEO Jensen Huang‘s assertion that customers earn five dollars for every dollar invested in Nvidia chips.

This compelling return on investment, Cramer argues, makes Nvidia’s products essential for major tech companies.“That means they have no choice but to buy Nvidia's chips,” he said.

NVIDIA Corp.(NASDAQ:NVDA) continues to dominate the artificial intelligence landscape, with CNBC’s Jim Cramer and Wall Street analysts reinforcing their bullish outlook following the company’s stellar third-quarter earnings report.