NVIDIA Gains 41% in Past Year, Secures Meta AI Chip Deal as Cramer Highlights Lower Ownership Costs
NVIDIA shares have gained 41% over the past year and remain flat after securing a deal to supply Meta with Grace CPUs and AI GPUs for data centers. Jim Cramer cited benchmark tests indicating NVIDIA’s advanced chips offer a lower total cost of ownership than rival platforms.
1. Meta Partnership Expands Data Center Footprint
NVIDIA announced a deal with Meta to supply Grace CPUs and AI GPUs for data center deployment, marking the entry of its CPU architecture into a major social media firm’s infrastructure. This agreement diversifies NVIDIA’s customer base and strengthens its role in fueling enterprise AI workloads.
2. Cost of Ownership Advantage
Jim Cramer referenced recent benchmark results showing NVIDIA’s advanced GPUs and CPUs deliver a lower total cost of ownership compared to competing platforms. While rival chips may carry a lower sticker price, NVIDIA’s integrated hardware and software ecosystem reduces overall deployment and operational expenses.
3. Stock Performance and Analyst Outlook
NVIDIA shares have climbed 41% over the past year and are flat year to date, reflecting both strong AI-driven demand and market consolidation. Goldman Sachs maintains a Buy rating with a $250 price target, underscoring confidence in sustained growth from expanding data center partnerships.