CNBC host Jim Cramer is aggressively urging investors to ignore market skeptics following Nvidia Corp.’s (NASDAQ:NVDA) blowout second-quarter earnings, fiercely defending the stock as CEO Jensen Huang declares the global AI infrastructure buildout is operating at “full steam.”
Cramer Takes on the Bears
Following Nvidia’s massive earnings beat, Cramer took to X to caution investors against a growing wave of skepticism surrounding the tech giant’s valuation and growth trajectory. Acknowledging the persistent doubt in the market, Cramer noted, “I know the bears won’t stop on Nvidia or Salesforce.”
However, he urged his followers to focus on the company’s underlying fundamentals and the broader economic impact of its operations. “But facts should play a role after last night’s quarters,” Cramer wrote.
He ended his message with a stark warning for shareholders trying to navigate post-earnings market volatility: “Don’t let the bears deceive you into thinking you have nothing to protect.”
Navigating Premarket Selling and ‘Immediate Profits’
As Thursday’s premarket session progressed, Cramer provided real-time commentary on the stock’s price action, observing that “since 4:15 a.m. there has been a persistent seller of Nvidia from $225 to $223,” adding that it was “heavy” and speculating the market was “banging this one down to $220.”
Despite the morning selling pressure, Cramer doubled down on his bullish thesis following an interview with the Nvidia CEO. He highlighted that the most “foundational” takeaway from his conversation with Huang is that customers “can make big profits NOW buying Nvidia hardware/software, which is the real reason why their [sic] is such demand.”
Cramer also noted he initially questioned whether Nvidia is its own worst enemy because its chips “don’t depreciate as they should,” but said Huang alleviated those concerns by explaining the “upgrade-able software component of Nvidia’s GPUs.”
A ‘Full Steam’ AI Buildout
Cramer’s defense comes directly on the heels of a historic quarter for Nvidia. The chipmaker reported fiscal second-quarter revenue of $96.22 billion, a 106% year-over-year increase that comfortably beat Wall Street consensus estimates. Data center revenue alone reached a staggering $89.0 billion.
During the company’s earnings call, CEO Jensen Huang painted a highly bullish picture of the artificial intelligence sector, rejecting any notion that demand is peaking.
“AI has reached its inflection point,” Huang told investors. “It’s doing useful work. Its tokens are productive and profitable. Now, compute is revenue. And demand is accelerating.”
To drive the point home, Huang emphatically added, “The AI infrastructure buildout is at full steam.”
The Job Growth Defense
In his post, Cramer specifically directed investors to “Go back and listen to Jensen on job growth and responsibility, too!”
This directly references Huang’s commentary during the second-quarter call addressing the massive scale of ongoing data center investments. Highlighting the physical and logistical requirements of standing up modern AI factories, Huang noted that the complex supply chain demands are having a massive ripple effect on the broader economy.
“AI infrastructure is creating so many jobs all over the U.S. and all around the world,” Huang explained.
How Has Nvidia Performed in 2026?
NVDA shares rose 12.42% year-to-date, advanced by 15.34% over the last year, and gained 13.40% over the last six months. It closed 1.59% lower at $209.66 per share on Wednesday, and it was 5.80% higher in premarket trading on Thursday.
Benzinga’s Edge Stock Rankings indicate that NVDA maintains a strong price trend in the short and medium terms and a weak trend in the long term, with a solid growth score.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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