Jim Cramer Says Buy 2 Artificial Intelligence (AI) Stocks Up 875% and 1,400% Since 2023
Source: Motley Fool ·
Former hedge fund manager Jim Cramer recently recommended buying Nvidia and CrowdStrike.
From the source
Shares of Nvidia (NVDA +0.22%) and CrowdStrike Holdings (CRWD -2.90%) have added 1,400% and 875%, respectively, since the artificial intelligence boom began in January 2023. However, Jim Cramer recently recommended buying both stocks. Why should you care what Cramer thinks? While best known for hosting CNBC's Mad Money, he previously ran a successful hedge fund that earned 24% annually over 14 years. That makes his opinion worth considering. Image source: Getty Images. 1. Nvidia Nvidia dominates the artificial intelligence (AI) infrastructure market because its graphics processing units (GPUs) combine industry-leading performance with a software ecosystem of unparalleled breadth. Nvidia GPUs are used to accelerate training and inference tasks, and they account for nearly 90% of AI accelerator sales. Beyond that, Nvidia also develops adjacent hardware that lets customers build integrated data center systems with a lower total cost of ownership than assembling systems from multiple…