Jim Cramer Breaks Down NVIDIA’s Latest Quarter
Key takeaways
- Cramer was bullish on the company and its recently reported quarter as he said:
- … We talk hardware, the biggest part of that is the company just reported tonight that seems to not be able to get out of its own way right now, which is NVIDIA.
- Now, we’re at the point where NVIDIA has to look hard for places to put all of its money it’s making.
Jim Cramer Breaks Down NVIDIA’s Latest Quarter Syeda Seirut Javed Sat, May 23, 2026 at 9:55 PM GMT+7 3 min read NVDA NVIDIA Corporation (NASDAQ:NVDA) was one of the stocks on Jim Cramer’s radar as he highlighted that semiconductor and AI infrastructure stocks are currently in charge. Cramer was bullish on the company and its recently reported quarter as he said:
… We talk hardware, the biggest part of that is the company just reported tonight that seems to not be able to get out of its own way right now, which is NVIDIA. Now, I’ve been pounding the table on NVIDIA since it was trading at a split-adjusted price of just under four bucks. I’ve never hidden my belief in the company and its team led by Jensen Huang. NVIDIA just reported after the close, delivering another steady set of numbers, revenue growing 85% year over year, $81.6 billion, beating expectations by nearly $3 billion. Most of the growth came from the company’s core data center business, with hyperscale revenues up 115% versus the prior year and up sequentially, while AI cloud, industrial, and enterprise revenue grew 74% from the prior year. The company’s gross margins were in line. Oh, maybe people don’t like that. And NVIDIA had an 11-cent bottom line beat off a $1.76 basis. Free cash flow came in $10 billion above expectations.
Now, we’re at the point where NVIDIA has to look hard for places to put all of its money it’s making. Every week, the company seems to be… taking stakes in small component players, a new hyperscaler, perhaps optical. But after buying back nearly $20 billion of stock in the current quarter, NVIDIA announced a new $80 billion share repurchase program even as… close to $40 billion remaining on its previous authorization. Very bullish. The company’s outlook for the current quarter looked good, too. NVIDIA’s guiding for $91 billion in revenue this quarter, roughly $4 billion above the expectations that were $87 billion, despite the fact that the company’s still assuming no data center compute revenue from China.