Jim Cramer Praises NVIDIA Memory Acquisitions as Shares Rally 42%
NVIDIA shares have climbed 42% over the past year despite a 1.8% year-to-date decline, supported by Wolfe Research’s Outperform rating and Goldman Sachs’ renewed Buy stance ahead of earnings. Jim Cramer highlighted the company’s acquisitions of two Korean memory manufacturers as a key competitive advantage.
1. Share Performance Trends
NVIDIA’s stock is up 42% over the past 12 months but down 1.8% year-to-date, reflecting volatility around AI demand and broader market moves. The recent pullback follows a strong annual rally driven by accelerated data center spending.
2. Analyst Ratings and Outlook
Wolfe Research reiterated an Outperform rating in early February, emphasizing patience for shares to reflect long-term growth. Goldman Sachs reaffirmed a Buy rating and indicated the upcoming earnings report could deliver both a beat and a raise.
3. Memory Acquisitions Commentary
Jim Cramer praised NVIDIA’s strategic purchases of two major Korean memory firms, saying the company now “has all the memory in the world.” He argued that these acquisitions bolster NVIDIA’s supply chain and competitive moat in AI hardware.
4. Demand Drivers and Growth Prospects
Analysts pointed to ongoing hyperscaler capital expenditures and rising orders from AI software firms such as OpenAI and Anthropic as key demand drivers. The combination of memory capacity and GPU leadership underpins expectations for continued revenue expansion.