Jim Cramer says Jensen Huangâs Computex keynote revealed more winners in the AI boom
Key points
- Nvidia CEO Jensen Huang delivered a winning message with his much-hyped Computex keynote by arguing that computing power is a profit engine in the age of artificial intelligence, CNBC's Jim Cramer said Monday.
- Huang's line of thinking appeared to resonate with Wall Street, according to Cramer, as key stocks within the AI trade rallied Monday despite a spike in oil prices and a setback in U.S-Iran peace talks.
- That includes Nvidia itself, which jumped 6% on the day.
- The S&P 500 managed to finisher higher on the day too, finishing at another record high.
- "It was incredibly heartening at a time when we're getting very suspicious of the data center as a concept, let alone a profit center," the "Mad Money" host said.
Quick Summary
Nvidia CEO Jensen Huang delivered a winning message with his much-hyped Computex keynote by arguing that computing power is a profit engine in the age
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Key Takeaways
- Nvidia CEO Jensen Huang delivered a winning message with his much-hyped Computex keynote by arguing that computing power is a profit engine in the age of artificial intelligence, CNBC's Jim Cramer said Monday.
- Huang's line of thinking appeared to resonate with Wall Street, according to Cramer, as key stocks within the AI trade rallied Monday despite a spike in oil prices and a setback in U.S-Iran peace talks.
- That includes Nvidia itself, which jumped 6% on the day.
- The S&P 500 managed to finisher higher on the day too, finishing at another record high.
- "It was incredibly heartening at a time when we're getting very suspicious of the data center as a concept, let alone a profit center," the "Mad Money" host said.
đ Source: CNBC
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