Jim Cramer Says Own NVIDIA (NVDA) After Another Blowout Quarter
On August 26, Mad Money host Jim Cramer expressed confidence in NVIDIA (NVDA) during its latest earnings report. He advised investors to own the stock, rather than trade it, after the company's impressive quarter. NVIDIA reported revenue of $96.2 billion for fiscal second-quarter 2027, a massive 106% increase year-over-year. Data center revenue reached $89 billion, up 117%.
The company expects revenue to grow by around 70% in fiscal 2028. CEO Jensen Huang stated that demand is accelerating, and NVIDIA is already producing its next-generation Vera Rubin platform. The main risks include potential slowdown in growth, elevated expectations, supply constraints, and competition from other AI chip manufacturers. Despite these risks, the stock is currently trading at $219 per share.
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