CNBC's Jim Cramer is feeling bullish about one of his old favorites from the FAANG era of tech stocks, so social media is on alert as to where the company lands in trading Wednesday.
Nvidia (NVDA) and CEO Jensen Huang are in the spotlight after Cramer touted Huang's keynote speech at the company's annual GTC (GPU Technology) Conference.
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"Nvidia today--what a story. Watch Jensen tonight!!!" Cramer tweeted Tuesday night.
But Cramer wasn't done boosting Nvidia and the contributions the company has made in the development of artificial intelligence.
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"I can't say this enough: Open AI would not exist without Nvidia," Cramer said.
But the trading the stock market isn't necessarily just about what a company has accomplished. It's about buying and selling at the right price, and Cramer acknowledges that Nvidia may not be trading at the right price currently.
"Yes the stock of Nvidia has had quite a move already," Cramer said.
It was about a month ago to the day that Cramer was last boosting Nvidia on his Twitter feed.
"I know this sounds crazy but you have to understand that Nvidia is behind this whole morning's surge in the Nasdaq ($NVDA) lots more to come," Cramer said at the time.
This tweet came after he urged "everyone who has ever bought a tech stock to listen to Nvidia's conference call tonight. I have read it twice and I still can't get my head around it. Going for a third...."
