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Cramer says 'everything still revolves around Nvidia' despite its lagging stock
CNBC's Jim Cramer argued that despite Nvidia's stock struggles, it remains a pivotal player in the artificial intelligence market. Recently, Nvidia's shares have faced increased selling, prompting concerns about its relevance. However, Cramer insists that these worries are misplaced, as Nvidia continues to be relied upon by many major tech companies despite the emergence of competitors developing their own AI chips. He also noted that Nvidia is facing skepticism due to reports of delays concerning its next-generation products but reaffirmed that its leadership position is secure.
MonitorConfidence: MediumShort term horizon
Published 7 Jul 2026, 16:56 UTC1 min read
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Summary
TL;DR
- Nvidia shares fell about 2%, marking a challenging period for the stock.
- Cramer believes the selling pressure on Nvidia is overdone.
- Major customers are investing in their own AI chips but continue to rely on Nvidia.
- Skepticism around Nvidia is fueled by reports of delays in new products.
- Nvidia's leadership position in the AI market remains unthreatened according to Cramer.
Interesting facts
- Nvidia is currently trading at its lowest valuation of the year.
- Companies like DeepSeek are developing their own AI chips while depending on Nvidia's technology.
- Cramer's comments reflect investor sentiment amidst concerns about competition and stock performance.