Cramer Reasserts Bullish Nvidia Call, Saying AI Buildouts Still Rely on Its Chips

Overview

• Cramer, in Monday comments reported by multiple outlets, said large AI projects cannot move forward without Nvidia’s processors.
• Nvidia shares trade near $197, up about 5% this year and 73% over the past 12 months, according to recent market snapshots.
• The company’s revenue growth is accelerating, with Q4 up 73% year over year and guidance calling for 77% growth in the current quarter.
• Shares change hands at roughly 25 times projected earnings, below the 29–40 range seen in recent years, which supporters say could allow a higher valuation if growth holds.
• Despite in‑house chips like Amazon’s Trainium, the largest cloud providers such as Microsoft, Amazon, and Meta are still buying Nvidia hardware for data‑center AI work.