Cramer says ‘will not sell’ Nvidia stock on ‘misinformation’ about Microsoft AI chip – Microsoft (NASDAQ:MSFT), NVIDIA (NASDAQ:NVDA)



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cnbc mad money host jim cramer reaffirmed its positive stance on nvidia corporation (NASDAQ:NVDA) amid rumors that the chip maker will soon have a serious challenger Microsoft Corporation (NASDAQ:MSFT).

What happened: The Information cited a source as saying that Microsoft is working on launching its first in-house artificial intelligence chip at its annual developers conference early next month. The report said that the proposed move will help the software giant reduce its dependence on Nvidia-designed AI chips.

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The report also says that Microsoft has been working on the chip for years. The report says the chip is designed for data center servers that train and run large language models, the software behind conversational AI features like OpenAI’s ChatGPT.

Microsoft’s data center servers currently rely on Nvidia’s AI chips to power its LLM and AI features in its productivity apps.

Also see: Best Artificial Intelligence Stocks

Cramer isn’t worried: Following the report, Nvidia stock fell 0.54% to $455.14 in after-hours trading, according to Benzinga Pro data.


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Responding to the rumor, Cramer, a professed fan of Nvidia, its cutting-edge technology and its CEO Jensen Huang, Said, “I wouldn’t sell Nvidia stock based on some misinformation about Microsoft and AI chips.”

“It sounds like misinformation to me,” he said.

Nvidia has been at the forefront of the AI ​​race. As Business Insider reports, Baird analyst Ted Mortenson said the company’s H-100 has enabled “a leap forward in training, inference, basically generative AI,” and allowed ChatGPT to make its big debut last November. Has given.

“They have the entire AI silicon stack. And those are basically three components. They have the most advanced GPUs, they have advanced networking in the silicon, advanced memory embedded, and they are now developing a new CPU,” he said.

The demand for Nvidia’s chips has increased so much that the company is finding it difficult to maintain supply in line with the increasing demand. Nvidia’s second quarter results released in August reflected this strength as revenue and earnings were well ahead of expectations and forward guidance exceeded expectations.

Read Next: Jim Cramer predicts potential stock market rally from jobs report: ‘There’s definitely a lot of tinder’

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