00:00It's Benzinga, bringing Wall Street to Main Street
00:02NVIDIA shares edged up 1.29% to $203.00 in Thursday pre-market trading as improving
00:09risk appetite, pushed Nasdaq futures up 1.35% and S&P 500 futures up 0.83% according to
00:17Benzinga. CNBC's Jim Cramer said,
00:21NVIDIA's growing sovereign AI business, which involves governments buying chips for
00:25domestic infrastructure projects, could ease investor concerns about the company's reliance
00:30on a small group of hyperscale customers. He said demand from countries including Singapore,
00:35India, Japan, Germany, Taiwan, Israel, Qatar, the United Arab Emirates, and Saudi Arabia
00:42could reduce reliance on major cloud providers. Cramer said sovereign AI business already accounts
00:48for about 14% of NVIDIA's revenue. Wedbush securities analyst Matt Bryson called the stock
00:53undervalued and said supply constraints remain while the company has secured strong supply
00:58chain positioning through 2028. KeyBank analyst John Vinn named NVIDIA his top AI chip pick.
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