Cramer's Morning Take: Nvidia 11/3/25

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Jim Cramer (0:10)

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Jim Cramer (0:47)

Jim Cramer here to share with you a sample of my take on the market from today's CNBC Investing Club morning meeting. I come in this morning, literally, at 9.01, I discovered that OpenAI has signed a $38 billion infrastructure deal with AWS. And a lot of it is because they have so much NVIDIA compute. So this is kind of really where I was going this weekend.

SPEAKER_3 (1:08)

Yeah, and OpenAI will immediately begin running workloads on AWS infrastructure. And keep in mind, Jassy teased something was coming on that earnings call Thursday. So great to see it deliver so quickly.

Jim Cramer (1:19)

Remember, he schedules that. He doesn't arc. He hits the top of his call is the thing he's thinking most importantly. And boom.

SPEAKER_3 (1:27)

Yeah, and this is for existing AWS infrastructure. They're going to build out additional infrastructure for OpenAI in the future. So a really good sign there. And then you have NVIDIA. Loop Capital raises their price target to $350 from $250. So, you know, big numbers here. Just talking about how they're about to ramp up GPUs that will essentially double unit shipments in the next 12 to 15 months.

Jim Cramer (1:51)

Notice the China narrative has changed because there's 60 minutes. The president of the transcript is saying, listen, we're not going to let them have the highest end, but that doesn't mean they're not going to get something. But it's just NVIDIA seems to have a lot of irons in the fire that we hadn't thought about. Now, normally in the old days, I would have said to you, we have to trim. These companies I think are undervalued by the analysis that I talked about this weekend, which everyone just thinks is impossible. So, you look at this right here, and everyone's saying, that's just a loser. The only one that's working is Alphabet. If you go back in time a few weeks ago just to Apple, it turns out that Apple's business is good. I spoke to the CUNY CEO. He's involved with everything, but he just says it's a big growth area again. So I guess what I'm saying is that do not think of these companies as a unit. They're all different. Think about the end markets. You could argue that when you read an article about Whole Foods, Amazon is a retailer, but Amazon is also a company that has a computer business that is the envy of the world right now.

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All opinions expressed by Jim Cramer on this podcast and in connection with the CNBC Investing Club are solely Cramer's opinions and do not reflect the opinions of CNBC, NBC Universal, or their parent company or affiliates, and may have been previously disseminated by Cramer on television, radio, internet, or another medium. No specific outcome or profit is guaranteed in connection with your reliance upon or other use of the content from Cramer. The opinions offered in connection with this podcast and the CNBC Investing Club are not an attempt to induce any particular trading behavior, investment or strategy. You should be aware of the risk of loss in following any strategy or investment discussed in the content from Cramer. To view the full CNBC Investing Club Disclaimer, please visit cnbc.com/investingclubdisclaimer.

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