As Nvidia's Earnings Near, Jim Cramer Sees $2B Revenue Boost Potential: '…Jay's Stance Is Nothing But Icing On The Cake' Of AI Chipmaker

Quick Summary:

He compared Nvidia to a biotech company, stating, “Nvidia is, in some ways more of a biotech which has developed something that each year saves more people’s lives.” This analogy underscores the transformative potential of Nvidia’s AI technologies.

What Happened: Jim Cramer, the host of CNBC’s “Mad Money,” suggests that the market is looking for “a $2 billion upside surprise in the reported quarter and a lift of $2 billion for the current quarter” from the AI chipmaker.

Despite recent market volatility that saw Nvidia’s stock drop significantly, Cramer argues that the company’s long-term prospects remain strong.

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Category: Technology

Markets: United States

Topics: Analyst Color AAPL Markets News US0378331005 Jim Cramer Tech Artificial intelligence Benzinga NVDA AI stocks Kaustubh Bagalkote Equities US67066G1040

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Article Type: News Report

Published On: 2024-08-26 @ 08:05:19 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 518 words

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Copyright Owner: © Benzinga

News ID: 22255739

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