Mad Money host Jim Cramer told followers he senses a monumental day, just hours before NVIDIA (NVDA) reports fiscal second-quarter earnings after Wednesdays close. The cryptic post landed as the stock steadied near $213 in quiet premarket trading.
Wall Street consensus calls for roughly $92 billion in revenue and $2.09 in adjusted earnings per share. Therefore, the guidance that follows the print could set the tone for the entire AI trade.
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Nvidia (NVDA) Stock Performance Pre-Market. Source: Yahoo FinanceWhy NVIDIA Earnings Count as a Market Event
NVDA closed Tuesday at $213.05, a 2.19% rebound that snapped a seven-session losing streak. The stock changed hands near $213.77 in Wednesdays premarket, up 0.34% on light volume, ahead of the 5 PM EDT earnings call.
The muted move hides the stakes. NVIDIAs market value sits near $5.16 trillion as of this writing, large enough for its after-hours reaction to swing the S&P 500.
The report also doubles as a referendum on AI bubble risk, since a handful of chip and AI names now drive most index earnings growth.
Beyond the headline revenue figure, analysts expect data center sales near $85 billion. Meanwhile, options and money-flow data had already flagged an earnings trap setup, where even a beat may fail to lift the stock without stronger forward guidance.
Bullish Cramer Meets the Inverse Cramer Crowd
Cramer published the message on X (Twitter) early Wednesday without naming NVIDIA or committing to a direction.
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I sense a monumental day
The host has repeatedly dismissed competition fears, arguing that superior rival chips appear in headlines daily yet never materialize as real threats.
“Every day i read about some chip that is superior to Nvidia. And every year i see no real competitors,” he said recently.
He struck a similarly contrarian tone on Meta stock trial risk last week, pushing back against what he views as excessive pessimism in press coverage.
Skeptics read the tweet differently. Replies leaned on the inverse Cramer trade, a meme strategy that bets against his calls, and pointed out the post picks no side. Formal backtests of that approach have produced mixed results at best.
Professional analysts currently sit closer to Cramer‘s camp. All 29 analysts tracked by TipRanks rate NVDA a Strong Buy, with an average 12-month price target of $304.67, roughly 43% above Tuesday’s close.
Nvidia (NVDA) Stock Forecast & Price Target. Source: TipRanks
Whether the day proves monumental now depends on the numbers. Data center demand, supply commentary, and third-quarter guidance will reveal if the recent slide was a warning or an entry point.