Jim Cramer Doesn't Believe NVIDIA (NVDA) Is Engaged In Circular Deals

We recently published 10 Stocks Jim Cramer Talked About.  NVIDIA Corporation (NASDAQ:NVDA) is one of the stocks Jim Cramer talked about.

AI GPU designer NVIDIA Corporation (NASDAQ:NVDA) reported its fiscal fourth quarter earnings report on February 25th. The results saw the firm post $68.13 billion in revenue and $1.62 in adjusted earnings per share to beat analyst estimates of $66.21 billion and $1.53. During the quarter, NVIDIA Corporation (NASDAQ:NVDA)’s data center business grew its revenue by a strong 75% while the total revenue for the quarter jumped by 73%. Additionally, the firm also guided $78 billion revenue for its fiscal first quarter which was higher than analyst estimates of $72.6 billion. Last week, a CNBC report claimed that NVIDIA Corporation (NASDAQ:NVDA) was considering to invest up to $30 billion in OpenAI. Morgan Stanley discussed the shares on February 23rd. It maintained an Overweight rating ahead of the earnings and commented that it expected the firm to post strong full-year results. In this appearance, Cramer countered beliefs that NVIDIA Corporation (NASDAQ:NVDA)’s deals were circular:

“Because if you take a look, NVIDIA’s been selling things that allegedly were circular. They’ve been selling things. Take a look at their most recent report of what they owned. They’re all floating some of the stuff that I heard was, woah, be careful.”

The CNBC TV host also commented on NVIDIA Corporation (NASDAQ:NVDA) through a tweet after the earnings:

“Traders can’t even be expected to read the Nvidia call. The key moment for me: the use of Claude Code, OpenAI codex and cursor that run on Nvidia. This is the explosion, not Amazon Web Services or Azure… Read the call. Read it with Gemini if you are confused. You will why you need to stay lon[g]”

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