CNBC's Jim Cramer has had faith in Nvidia for years because of CEO Jensen Huang, who had the company ready for the frenzy of generative AI.
— all understand that if you use Nvidia's chips, you can speak in the vernacular of ChatGPT," Cramer said. "If you have enough Nvidia cards put together, you can enable all of this incredible artificial intelligence stuff that everybody's so excited about now. It's much more efficient than using CPUs — think what Intel makes."
Cramer said Huang showed him the power of ChatGPT when he visited Nvidia headquarters months ago, well before it saw mainstream popularity. Huang had the program create a seascape book in the style of post-impressionist painter Paul Cezanne. "I came back and told everyone what happened," Cramer said of his visit. "No one believed me and certainly no one thought about a commercial product."
"Jensen knew it," he continued. "And had the cards ready for all who wanted them when Wall Street finally came around to generative artificial intelligence. We're now in a new age of computing, hence the biggest percentage gain for a giant company in the whole history of the market."
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