Jim Cramer Recommends Two AI Stocks Surging 460% and 1,300% in 2023 with Wall Street’s Backing

Key Updates on Nvidia and Meta Platforms

Wall Street analysts consider Nvidia (NASDAQ: NVDA) and Meta Platforms (NASDAQ: META) to be undervalued despite significant stock gains of 1,300% and 460% respectively since January 2023. As of now, Nvidia has a median price target of $300, indicating a potential upside of 42% from its current price of $211. Meta Platforms holds a median target price of $815, suggesting a 22% upside from its current price of $669.

Nvidia dominates the AI accelerator market, holding over 80% of the share, bolstered by a full-stack strategy that integrates hardware and software for optimized performance. Analysts predict Nvidia’s earnings will increase by 56% annually through the fiscal year ending January 2028. Meanwhile, Meta aims to launch a competitive cloud computing business by monetizing its AI infrastructure, having invested $111 billion on AI capital in 2024 and 2025—projected to increase to $135 billion by 2026.

Both companies are viewed favorably by investors and analysts, with Nvidia seen as a relatively inexpensive stock among the S&P 500 in context of its growth, while Meta’s imminent cloud services could alleviate investor concerns regarding its AI expenditures.