CNBC’s Jim Cramer said Monday. Nvidia This comes in response to reports that the company is having overheating issues with its servers on its latest graphics chips, which enable advanced artificial intelligence features. But Kramer said he’s not too worried about the drop in stocks because he sees it as an investment opportunity.
“Maybe this is the real high, but it’s all because of the server meltdown,” he said. “I prefer to think that you have an opportunity to buy in Nvidia because The Information published an article that may or may not be the case.”
The Information reports that some customers are worried about shipping delays because NVIDIA’s much-anticipated Blackwell chips overheated when connected to custom servers, forcing suppliers to change server rack designs multiple times. Reported. According to the report, an NVIDIA spokesperson declined to comment on whether the company had finalized its server design, but said that “the GB200 system is the most advanced computer ever created.” , stated that “engineering iterations are normal and expected.” CEO Jensen Huang previously told CNBC that demand for the chip is “insane.”
Nvidia stock was down 1.29% by Monday’s close, with investors waiting to see what the $3.4 trillion company will say on Wednesday’s earnings report.
Mr. Kramer reiterated his confidence in the company and its stock. He pointed to its rapid rise over the past year and suggested that customers “aren’t looking for these types of chips anywhere else.” Kramer also pointed out Dell CEO Michael Dell, whose company is a major Nvidia customer, posted Monday that Nvidia servers have begun shipping. Cramer acknowledged that he doesn’t know how Nvidia’s quarter will turn out if The Information’s report is true, but he believes investors can sell stocks based on information that doesn’t actually make sense. He also said that there are many
“If you think about the details, you can save yourself a huge investment every time,” he says.
Nvidia declined to comment on Cramer’s comments, but reiterated previous statements to The Information about the alleged server issue.
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