After Nvidia’s earnings beat, Cramer rejects fears of an AI bubble

Investors while digesting the highly anticipated earning report NvidiaJim Cramer from CNBC rejected the concept of an upcoming artificial intelligence balloon, saying that the Great AI was spent on big technology.

“I don’t care about the high market value of these stocks. I’m trying to put a valuation that does what you need to be one of the serious players in AI,” he said. “Amazon, Microsoft or Google or even Tesla – big customers – I learned not to question. A long time ago. They know more than me… I just grateful for allowing me for driving.”

Nvidia defeated expectations for earnings and income, and guidance was higher than expected. The data center income increased to the light and the stocks fell approximately 3% in long transactions.

Cramer attributed the shift of the stock to the fact that he entered the quarter, and Wall Street’s expectations were extremely high. When he said that the quarter was positive, Wall Street was a kind of “an anticlimax” because he was not decisive enough because his agreement would work for AI.

Cramer said that many investors compared the current AI frenzy with the Dotcom balloon that exploded and shakes the market 25 years ago. Cramer was reflected then, so many companies were crushed, a few big names can survive and see the enormous gains for years – especially Amazon. He also said that hyper scales spent billions on AI – Microsoft– Amazon– Google– Prophecy– Meta And Tesla – Have a competent leadership, solid balance sheets and strong income growth.

“Even if the Dotcom balloon explodes, there was a handful of roaring in the end,” he said. “You had to be brave to buy them. If you gave up Amazon in 2001, you missed the $ 2 trillion boat.”

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