10. NVIDIA Corporation (NASDAQ:NVDA)
Number of Hedge Fund Holdings in Q4 2025: 264
The day this show was aired was a crucial one for AI GPU giant NVIDIA Corporation (NASDAQ:NVDA) as it had just reported its latest earnings. The results, which covered its first quarter of fiscal 2027, saw the firm post $81.6 billion in revenue, $53.53 billion in operating income and $58.32 billion in net income. NVIDIA Corporation (NASDAQ:NVDA)’s revenue set another record, and it also raised its quarterly dividend per share to 25 cents. Ahead of the quarter, Cramer had stressed the need for management to discuss custom AI chips. After the results, he added that NVIDIA Corporation (NASDAQ:NVDA) needed to beef up its dividend and emulate Apple’s approach:
“Well look, the stock was up a little bit, before the new, Iranian news, trading off that, trading off the bonds, trading off anything other than NVIDIA was talking about last night. The stock, that there were ten firms I saw that already [inaudible] targets. So I don’t know who’s selling because you really don’t have a sell pace. When I spoke to them later in the night they told me, don’t forget, this rally started at 180 goes all up the way to 225 and come back. But, what I loved about it, this company needed to outrun the spend. We all were so afraid that everyone, all these big companies, hyperscalers, were out of money. It shouldn’t impact NVIDIA, which then broke out their earnings. Hyperscaler, non hyperscaler. Non hyperscaler’s really, really good. David, this is a company that is more control obssessed than people. think. even to the point where Anthropic, Amazon, need more chips, they go to Elon. And say, listen, we’ll pay you a fortune each month if you let us have the latest and the greatest.
“Now of course, people will say, you know what, I don’t need that. I will go buy Arm Holdings, Cause it’s Arm CPUs. The stock’s looking up 12, Rene Haas doing kind of like a tag along there. But yes, he’s certainly got the right agreement with Jensen. David, can I tell you, when I look at this, I’m getting a different vibe, about Trainium, and the TPU, about the Amazon semis and about the Alphabet semis. I don’t know if they depreciate a little quicker, a little harder [inaudible], they don’t really hang in there like the NVIDIA ones, which, NVIDIA’s like fine line, just go up. . .they’re the one that you’re worried about, that’s the one. Those are worrisome, they just, they don’t hold their value. . .because they’re not as proprietary, and they’re not as universal. There’s a universality of what NVIDIA is offering.
“They have to immediately get into the idea that they do the progression that Luca Maestri did at Apple. You just had to continue to raise the dividend, continue the buyback, and suddenly you have a company whose earnings was much slower, and you had a rocketship. And they understand that.”
Here’s what Cramer had said about NVIDIA Corporation (NASDAQ:NVDA) in his morning appearance before the earnings report:
“Yeah I’m not sure how much to rely on that because the narrative. . .reset by Jensen. And I think what he has to do is say that the total addressable market twice what people thought. And the thicket that he has to manage, Amazon and Alphabet. These are huge customers. They both on their conference call, do the, yeah NVIDIA’s important, we would never break up, but it’s our own chips, our own chips, our own chips. Andy Jassy, 50 billion dollar chip business. So what matters is, how much can he craft the story away from them, maybe using Anthropic, maybe using OpenAI, maybe using Meta, maybe using Elon. But David, you know that if he just goes in and doesn’t address the fact that these other guys are gunning for him, then I think [inaudible].
“. . .the fact is, Jensen is the best in the world, and if you bring yourself down, where you have to basically play defense, instead of offense, then I think people get confused. . .he’s gotta address the CPU issue, with Groq. And I think he can say, also, that people are misunderstanding the importance of these two hyperscalers. And that he can live without them. . .just has to say, listen, I love them, they’re great, but we’ve got so many people that want our chips. And the Vera Rubin’s sold out, next year. . .”
