Cramer's Morning Take: Nvidia 8/28/25

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Jim Cramer (1:03)

Hey, it's Cramer, and this is my morning take on the market from today's CNBC Investing Club Morning Meeting. We have a market that is so resilient, because what we had today, if you came in and video was down, people worried about a lot of the retailers, we had the cybersecurity down, we didn't have the bonds going our way. All I can tell you is this thing is hard to kill.

SPEAKER_3 (1:27)

Yeah, I wonder if the GDP maybe number had something to do with it but that was positively revised, 3.3% in the second quarter. Last read was 3, looking for 3-1. And yeah, and look, it's been a nice stretch too. I don't think we should sweep that out. Records closed yesterday.

Jim Cramer (1:46)

Well, I just want to keep that perspective because we spent a lot of time talking about who Trump fired, spent a lot of time talking about whether the Fed's gonna cut. We're not spending enough time talking about that this turned out to be an incredibly important week. So many companies report, and the reality is you come back and you say, you know, in their totality, these quarters were very, very good.

SPEAKER_3 (2:04)

Well, let's spend more time talking about NVIDIA. So the stock is down, but this is essentially a reverse of the week-to-date gains because it's been up. It's been up a week.

Jim Cramer (2:18)

That's important. People don't remember that.

SPEAKER_3 (2:20)

So the quarter itself, you did have a top and bottom line beat. Revenue is up 56% year-over-year. Earnings up 44% year-over-year. Gross margins better than expected. All the things we look for. When you drill down each segment, it was a beat across the board except for data center, although revenues were up 56% year-over-year. It missed, but if you actually take a deeper look at it, there's one analyst looking for 47 billion. Maybe they still had China in their models. If you take that out, it actually would have been a small team.

Jim Cramer (2:52)

I really want to focus on that total adjustable market out for years, because what that says is that you're dealing with a company that conceivably have $600 billion in revs up from 230 That means you got to stay in. If this were a software company, you wouldn't sell it, but it's hard where people keep being so nervous.

SPEAKER_3 (3:08)

Is this you're referring to AI infrastructure spend likely to hit three to four trillion?

Jim Cramer (3:14)

Yes, and that is Ben Reich's interpretation that I'm giving. Ben does that fabulous work at Mellius. He had the best piece this morning other than our piece.

SPEAKER_3 (3:22)

You talked about China, so no sales there. They didn't put that in the guide, which the guidance, by the way, was better than expected on revs and gross margins.

Jim Cramer (3:32)

But if President Trump says, okay, listen, we want to sit down, we want to do something, the stock is going to be at 180, so I went up to 190, I just want people to understand that the rest of the universe, the broadcoms, the Dells, these are all going up. Start your day with my out look on the market every morning. Visit cnbc.com/morningtake to become a CNBC Investing Club member at a special rate today.

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