Jim Cramer says Nvidia CEO Jensen Huang is a bigger visionary than Elon Musk
CNBC’s Jim Cramer said Thursday that he thinks Jensen Huang, co-founder and CEO of leading artificial intelligence chipmaker Nvidia, is a better candidate than billionaire entrepreneur Elon Musk. Elon Musk, whose companies include Tesla, rocket manufacturer SpaceX and brain technology startup Neuralink, is more visionary. “I think Musk can see what’s coming, but I think Jensen is looking at the legacy of changing the paradigm of the entire world,” Cramer said Thursday on “Squawk on the Street.” Kramer used by CNBC Investment Club The Laimer Charitable Trust Portfolio has long been invested in Nvidia. Cramer championed Huang’s talent for years, even renaming his dog Nvidia. Kramer compared Huang to Leonardo da Vinci. Ahead of the earnings release, Cramer compared Huang to pop star Taylor Swift, saying their success in their respective fields was unparalleled. “Jensen is single-handedly creating an industrial revolution. Musk is single-handedly creating a way to deliver things,” Cramer continued. “These are brilliant things, no doubt, but to create an industrial revolution yourself — to create the loom, to create the train, to create the steamship — who does these things?” before Kramer made his remarks. , Nvidia’s quarterly earnings report the night before exceeded Wall Street’s sky-high expectations. The AI chip company posted better-than-expected results in the three months to January and issued strong guidance for the quarter, proving that the generative AI boom that has been underway since the launch of ChatGPT in late 2022 is continuing to advance. NVDA TSLA 5Y mountain Comparison of stock performance of NVIDIA and Tesla over the past five years. Nvidia’s chips, called graphics processing units, or GPUs, are at the heart of this boom, providing the computing power needed to train the models that power ChatGPT and other artificial intelligence applications. Demand for Nvidia’s products has far outstripped supply over the past year as cloud computing providers like Microsoft and others invested heavily in the technology. Jensen Huang co-founded Nvidia in 1993. The company’s GPUs were originally used to render graphics for video games, but their potential for artificial intelligence applications began to become widely apparent in the 2000s, laying the foundation for explosive growth in the company’s data center business in recent years. Nvidia’s revenue more than doubled from a year ago to $60.9 billion in the 12 months ended January 28. Nvidia’s valuation has also soared. The Santa Clara, California-based company is the third most valuable company in the S&P 500, with a market capitalization of nearly $1.9 trillion based on Thursday’s stock price. Its market capitalization trails only Microsoft and Apple, owned by Cramer Trust Co. Tesla is also one of the most valuable companies in the United States, with a market value of about $615 billion on Thursday. Cramer has certainly given Musk his due over the years, praising the Tesla executive’s mercurial genius, incredible work ethic and the way he brings attention to the company. In 2019, Cramer called Musk the PT Barnum of our time. Barnum’s exploits in the mid-to-late 1800s were as a major promoter of the Ringling Bros. and Barnum & Bailey Circus. Since then, of course, Musk has acquired Twitter. And, rename it to X.
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