Nvidia Earnings Loom Over $236 High as Cramer Calls Results a Referendum on AI
Updated
Updated · CNBC · Aug 25
Nvidia Earnings Loom Over $236 High as Cramer Calls Results a Referendum on AI
3 articles · Updated · CNBC · Aug 25
Summary
Wednesday’s Nvidia report could sway far more than one stock, Jim Cramer said, arguing investors will treat the results as a verdict on the broader AI trade.
Nearly 10% below its mid-May closing high of almost $236 after ending a seven-session slide, Nvidia still sits at the center of AI spending on data centers, memory and big-tech infrastructure plans.
Competition from in-house chips at customers and rivals including OpenAI has not changed Cramer’s bullish view; he said Nvidia remains the industry standard despite growing scrutiny of its AI ecosystem investments.
High-bandwidth memory shortages, political resistance to new data centers and U.S. curbs on advanced chip sales to China could still overshadow a strong quarter and keep the AI debate unsettled.