CNBC's Jim Cramer said Thursday that he believes Jensen Huang — co-founder and CEO of leading AI chipmaker Nvidia — has a bigger vision than billionaire entrepreneur Elon Musk, whose portfolio of companies includes Tesla, rocket maker SpaceX and Brain-X. . Technology startup Neuralink. “I think Musk can see what's around the corner, but I think Jensen is thinking about the legacy of changing the whole paradigm about the way the world works,” Cramer said Thursday on “Squawk on the Street.” Cramer's Charitable Trust, the portfolio used by CNBC Investing Club, has long been invested in Nvidia. Cramer has embraced Huang's brilliance for years and renamed his dog Nvidia. Kramer has likened Huang to Leonardo da Vinci. Before the earnings this time around, Kramer equated Huang with pop star Taylor Swift, saying their success is unparalleled in their respective fields. “Jensen, single-handedly, is creating an industrial revolution. Musk, single-handedly, is creating a way to be able to deliver things,” Kramer continued. “Those are two wonderful things, no doubt, but to make an industrial revolution yourself – to make a loom, to make a train, to make a steamboat – who does these things?” Cramer's comments came after Nvidia's quarterly earnings report the previous night beat Wall Street's high expectations. The AI chip company delivered better-than-expected results for the three months ending in January and issued strong guidance for the current quarter, providing evidence that the generative AI boom that has been underway since ChatGPT launched in late 2022 is continuing. NVDA TSLA 5Y Mountain Nvidia stock performance compared to Tesla's performance over the past five years. Nvidia's chips — known as graphics processing units, or GPUs — are at the heart of the boom, providing the computing power needed to train the models that underpin ChatGPT and other AI applications. Demand for Nvidia products has far exceeded supply over the past year as cloud computing providers like Microsoft and other companies invest heavily in the technology. Huang co-founded Nvidia in 1993. Its GPUs were initially used to provide graphics for video games, but their potential for artificial intelligence applications became widely apparent in the 2000s, paving the way for the company's explosive growth. In its business related to data centers. In the last years. In the 12 months ending January 28, Nvidia's revenue more than doubled from a year ago to $60.9 billion. Nvidia's valuation also rose. The Santa Clara, California-based company is the third-most valuable company in the S&P 500, with a market cap of about $1.9 trillion, based on Thursday's stock price. Its market value trails only Microsoft and Apple, both of which are owned by Cramer's Trust. Tesla, which is also among the most valuable American companies, achieved a market value of about $615 billion on Thursday. Over the years, Cramer has certainly given Musk his due, citing the Tesla CEO's mercurial genius, incredible work ethic, and the way he attracts attention to his companies. In 2019, Cramer said Musk is the PT Barnum of our time. Barnum's exploits in the mid-to-late 19th century, as the main promoter of what became the Ringling Bros. Circus. and Barnum & Bailey. Naturally, since then, Musk has bought Twitter. He renamed it to X.
