Jim Cramer warns against trading Nvidia after blowout quarter
Should You Trade Nvidia Post-Earnings?
Jim Cramer of CNBC advised against trading Nvidia, emphasizing the company's dominance in AI technology and suggesting investors simply hold onto their shares. Following a stellar earnings report where Nvidia's revenue exceeded expectations by $2 billion, Cramer highlighted the ongoing high demand for Nvidia's AI chips among major tech firms. He stressed the importance of understanding Nvidia's role and impact in the tech industry before making investment decisions.
What was the percentage increase in Nvidia's data center revenue over the past quarter?
Nvidia's data center revenue increased by 427% over the past quarter.
What impact did Nvidia's performance have on its stock price during the recent trading session?
Nvidia's recent earnings report had a significant positive impact on its stock price. Following the announcement of the earnings that surpassed Wall Street's expectations, Nvidia's stock price experienced a notable increase, crossing the $1,000 mark for the first time3. This upward movement continued into the next trading session, with the stock closing up more than 9%. This performance was particularly striking as it occurred on a day when the broader market was facing challenges, highlighting the strong investor confidence in Nvidia amidst its current growth trajectory driven by high demand for its AI chips1.