CNBC host Jim Cramer has spotlighted several lesser-known partners of NVIDIA Corp (NASDAQ:NVDA) that could potentially benefit from the company’s advanced artificial intelligence (AI) technology.
What Happened: Cramer, while reporting from Nvidia’s conference in San Jose, California, identified several non-tech companies that could see significant gains from their association with Nvidia, reported CNBC on Tuesday.
He emphasized that these non-tech partners, often overlooked compared to the big tech companies, could present the “best opportunities.” Cramer mentioned companies like Getty Images Holdings Inc (NYSE:GETY) and Shutterstock Inc (NYSE:SSTK), which, despite experiencing stagnant revenues, could see a turnaround due to their collaboration with Nvidia in training new AI models using their images.
He also highlighted Nvidia’s partnerships in the healthcare sector, including collaborations with Medtronic, GE HealthCare Technologies Inc (NASDAQ:GEHC), and Johnson & Johnson (NYSE:JNJ). Although these partnerships have not yet translated into increased earnings for the companies, Cramer suggested they could be ...
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