Demand for Nvidia products isn't letting up, Jim Cramer says [CNBC]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: CNBC
“The demand is accelerating because the payoff is so great,” he said. “According to Jensen, for every dollar their customers put in, they're making five smackers. That means they have no choice but to buy Nvidia's chips.” Some of Nvidia's biggest customers, like Microsoft, Meta, Amazon and Tesla will have to keep buying the products, he said. CNBC's Jim Cramer on Thursday reiterated his longstanding belief in Nvidia and CEO Jensen Huang, saying that despite the concerns of some on Wall Street, demand for the artificial intelligence behemoth's products isn't slowing down. “The demand is accelerating because the payoff is so great,” he said. “According to Jensen, for every dollar their customers put in, they're making five smackers. That means they have no choice but to buy Nvidia's chips.” Nvidia posted earnings Wednesday that comfortably topped estimates. Shares dipped in extended trading and traded unevenly during Thursday's session, but the stock managed to finish the day u
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