When CNBC’s Jim Cramer attended Nvidia’s conference in San Jose, California, he discovered a treasure trove of lesser-known partners outside of Big Tech that could potentially see gains from utilizing advanced artificial intelligence technology. In a recent blog post, Cramer shared his insights from the conference, highlighting the potential opportunities presented by these overlooked companies.
Cramer was impressed by the innovative ways non-tech companies are leveraging Nvidia’s accelerated computing and generative AI technology. He emphasized that while megacap tech companies often dominate the headlines, these smaller partners may represent some of the best investment opportunities. One example he mentioned was image companies Getty and Shutterstock, which have seen stagnant revenues in recent years but could experience a boost from their collaborations with Nvidia in training new AI models.
Nvidia’s partnerships extend beyond image companies to the healthcare sector, where collaborations with companies like Medtronic, GE Healthcare, and Johnson & Johnson are focused on developing more effective medical devices and diagnostic tools. While these partnerships may not have translated into increased earnings yet, Cramer believes investors should look beyond traditional metrics and consider the long-term potential of these collaborations.
In his blog post, Cramer encouraged investors to think outside the box and seek out market winners at events like Nvidia’s conference. He emphasized the importance of doing thorough research and staying ahead of the curve to identify hidden investment opportunities. By attending events like these, investors can gain valuable insights that may not be readily available through traditional channels.
To stay updated on Jim Cramer’s latest insights and market moves, readers can sign up for the CNBC Investing Club. The blog also includes a disclaimer that the CNBC Investing Club Charitable Trust holds shares of Nvidia and GE Healthcare, two companies that Cramer highlighted in his post.
In conclusion, Cramer’s experience at Nvidia’s conference serves as a reminder that sometimes the best investment opportunities are found in unexpected places. By doing your due diligence and staying informed, you can uncover hidden gems that have the potential to yield significant returns in the long run.
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