We recently published 10 Most Popular Analyst Calls to Watch This Week. NVIDIA Corp (NASDAQ:NVDA) is one of the trending stocks.
CNBC host Jon Fortt recently interviewed Jim Cramer and said that Cramer has been recommending Nvidia for years and went “all in” on the chipmaker back in 2017. Here is how Fortt explained how Cramer’s bull call panned out over the years:
“Time for a little history lesson. September 30th, 2009. That is the date when Jim Cramer first recommended NVIDIA Corp (NASDAQ:NVDA) on Mad Money. In 2010, the year I started at this network, CEO Jensen Huang had his first interview on that show. And June 20th, 2017, that is when Jim Cramer was all in on Nvidia stock, even naming his dog NVIDIA Corp (NASDAQ:NVDA). Nvidia stock now up more than 4,600% since then. So if you had invested a little more than $20,000 that day, you’d have $1 million from just that.”
Nvidia (NVDA) Stock Up 4,600% Since Jim Cramer Recommended It
Photo by Javier Esteban on Unsplash
Can NVDA keep rising?
The current AI boom cycle stems from spending by major tech companies, and Nvidia is the biggest beneficiary of this spending. In Q2 FY2026, three direct customers accounted for 23%, 19%, and 14% of NVDA’s accounts receivable. Almost all of the company’s revenue comes from AI-related infrastructure spending. In the latest quarter, $41.3 billion of the $46.7 billion revenue came from these clients. The music could stop for Nvidia if these major companies decide to slow down their spending amid a lack of ROI. If investors sense a weakness in CapEx spending, and the market begins to waver, NVDA stock price would be the first to see its impact.
Baird Chautauqua International and Global Growth Fund stated the following regarding NVIDIA Corporation (NASDAQ:NVDA) in its second quarter 2025 investor letter:
“NVIDIA Corporation (NASDAQ:NVDA) reported first quarter results that were extremely solid. The company took a write-down on China-specific datacenter products and flushed out any future China contributions from their guidance,…
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