Jim Cramer Says Nvidia Is 'Not Going to Stop Here' as Ross Gerber Sees NVDA Stock Hitting $450 as Analyst

Nvidia Corp’s (NASDAQ:NVDA) blockbuster second-quarter results have bullish investors doubling down, with Jim Cramer dismissing margin concerns and Ross Gerber arguing the AI chipmaker remains undervalued.

Nvidia Q2 Earnings Beat Expectations Nvidia reported fiscal second-quarter revenue of $96.2 billion, up 106% year over year, while net income jumped 126%.

Data Center revenue climbed 117% to $89 billion.

Nvidia expects third-quarter revenue of $105.84 billion to $110.16 billion, representing year-over-year growth of approximately 85.7% to 93.2% from the $57.01 billion it reported in the same quarter last year.

Jim Cramer Says Nvidia ‘Not Going to Stop Here’ Following the results, Cramer pushed back against investors focusing on Nvidia’s expected margin pressure from rising memory costs.