NVDA - Jim Cramer Gives 'One More Reason' To Buy Nvidia | Benzinga
CNBC’s “Mad Money” host Jim Cramer expressed optimism about the prospects of Micron Technology, Inc. (NASDAQ:MU) and NVIDIA Corporation (NASDAQ:NVDA), suggesting that their stock prices have the potential to rise further.
What Happened: In a post on Thursday, Cramer highlighted Micron’s upward trajectory and recommended buying Nvidia and Broadcom (NASDAQ:AVGO) as well.
Cramer’s comments came amid a positive outlook for several tech stocks heading into the week. His endorsement of Nvidia also follows his recent spotlight on the company’s non-technical partners, which could benefit from Nvidia’s advanced AI technology.
I think Micron can go higher still, I also think that this is still one more reason, of course, to buy Nvidia (and Broadcom) — Jim Cramer (@jimcramer) March 21, 2024
Cramer also added that Micron has an important role in the AI space. He emphasized that the “hot stuff” at Micron, which is currently on allocation, is their high bandwidth business. This segment is vital for AI accelerators, such as those used in Nvidia’s Tensor Core H 200 and Blackwell.
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