Cramer says these 2 stocks are big winners from OpenAI's new model release
Nvidia and Broadcom benefit from the success of Astra in their own ways.
Cramer Says Nvidia and Broadcom Are Top Winners From OpenAI’s Astra Launch
Jim Cramer highlighted that OpenAI’s newly unveiled Astra model is casting a bright spotlight on two chipmakers that dominate the club’s portfolio: Nvidia and Broadcom. The Astra rollout, which began last week, relies heavily on Nvidia’s Blackwell graphics processors and reinforces confidence in Broadcom’s custom‑silicon partnership with the AI lab.
Nvidia Powers Astra’s Training
OpenAI trained Astra on Nvidia’s Blackwell family of chips, a detail Cramer emphasized during Tuesday’s Morning Meeting. Jensen Huang, Nvidia’s chief executive, posted on X that the training run consumed 100,000 Blackwell GPUs and hinted that an additional 400,000 units will be added soon. Despite the buzz, Nvidia’s shares opened higher on the day but slipped 2% by the close. Cramer urged investors to consider buying the stock, noting that the market’s reaction “didn’t do anything wrong at all” and that the model’s success validates Nvidia’s role in powering OpenAI’s ambitions.
Broadcom Gains from Custom‑silicon Deal
Broadcom’s relationship with OpenAI deepened through the co‑development of the Jalapeno chip, which is optimized for inference workloads—the everyday use of AI models. The partnership positions Broadcom as a critical supplier for OpenAI, and its shares rose 2.5% on Tuesday. Broadcom also counts Anthropic, a fast‑growing AI competitor, among its most important custom‑silicon customers. Hock Tan, Broadcom’s chief executive, outlined multiyear AI revenue targets that hinge on both OpenAI and Anthropic meeting their commitments. He projected Anthropic to become Broadcom’s largest custom customer in fiscal 2027, with OpenAI moving into the second spot by fiscal 2028.
Market Sentiment and Analyst Views
Ben Reitzes of Melius Research wrote to clients that “the launch of Astra shows OpenAI is so back,” suggesting the model’s performance could improve OpenAI’s odds of a successful IPO by 2027. Cramer echoed this optimism, arguing that Astra’s success strengthens OpenAI’s competitive stance against Anthropic and a range of open‑source rivals. He also noted that the AI chip market is not a zero‑sum arena; multiple players can thrive as demand for diverse capabilities expands.
Portfolio Positioning
The club maintains a full suite of chip stocks to capture the AI wave. In addition to Nvidia and Broadcom, the portfolio includes Intel for its domestic manufacturing push and Micron for exposure to the memory‑chip shortage. Cramer reiterated his view that Nvidia remains the undisputed leader in AI chips, trading at a valuation that he considers modest relative to its growth outlook. While some of Nvidia’s biggest customers are exploring custom alternatives, Broadcom’s strength in custom‑silicon design offers a hedge against that risk.
Overall, the Astra release has injected fresh confidence into the AI ecosystem, reinforcing the strategic importance of Nvidia’s processing power and Broadcom’s custom‑silicon solutions. Investors are watching closely as OpenAI, Anthropic and their chip partners navigate the path toward upcoming IPOs and the broader expansion of AI‑driven computing.
Source: CNBC · 2026-09-08