Wall Street appears to have given Nvidia a mulligan.
A number of positive headlines around AI demand have lifted Nvidia and other stocks that benefit from the adoption of the buzzy tech.
"There's kind of a do-over in terms of what happened with [CEO Jensen Huang], what happened with Nvidia," Cramer said on "Squawk on the Street," referring to the response to its much-ballyhooed earnings report Aug. 28 .
The Investing Club also has a stake in Broadcom, which like Nvidia had been punished after its recent earnings report.
Advanced Micro Devices , another AI chipmaker, and Eaton , which makes electrical equipment used in the expanding data center market, have added about 13% and 7%, respectively, this week.
Persons:
CNBC's Jim Cramer, That's, Jensen Huang, Cramer, Larry Ellison, Ellison, Goldman Sachs, Huang, Nvidia's, CNBC's Megan Cassella, Blackwell
Organizations:
Nvidia, Charitable Trust, CNBC, Oracle, Blackwell, Broadcom, Devices, The Club, AMD, Eaton
Locations:
U.S, Eaton