NVIDIA Gains Cramer’s Backing with OpenAI Partnership and Next-Gen Chip Confidence

Core Insights - NVIDIA Corporation (NASDAQ:NVDA) has announced a strategic partnership with OpenAI, involving an investment of nearly $100 billion and the deployment of a gigawatt of next-generation Vera Rubin chips by OpenAI, expected to be ready by late 2026 [2][3] - Jim Cramer expresses confidence in NVIDIA's next-generation chips, believing they will significantly enhance the capabilities of generative AI technologies [3] - The company is recognized as a leader in accelerated computing, designing GPUs and software platforms that support AI, high-performance computing, and data centers [4] Investment Sentiment - There is strong institutional confidence in NVIDIA, with 235 hedge funds reported to have ownership stakes in the company [3] - Cramer highlights that the market NVIDIA dominates is the largest in the world, indicating a robust growth potential for the company [3] Company Overview - Founded in 1993 and based in California, NVIDIA is a leader in the design of GPUs and software platforms like CUDA, which are essential for various advanced computing applications [4]