By Zev Fima
Publication Date: 2026-05-18 17:55:00
Want to start an Nvidia position but think it’s too late? The stock hit an all-time high on Thursday and has quickly dropped 7% since then. We know that Nvidia can swing wildly in the near-term. With earnings coming up on Wednesday evening, we feel that a “beat and raise” quarter is the minimum requirement. It’s been the bar for years now, as we wrote in Sunday’s earnings preview . Even if that bar is cleared, there are so many moving parts that there’s no telling where the stock might trade after the release. We tend to like it when a hot stock cools off a bit ahead of the print. How does that line up with Jim Cramer’s column from a couple of weeks ago, when he wrote about the reasons why it might not matter if you are “late” in buying stocks tied to the secular artificial intelligence boom? Listen to Nvidia CEO Jensen Huang talk about AI being the fourth industrial revolution, and the next leg of agentic AI needing 100 times more computing power than currently available, and it might still be early. And, Amazon CEO Andy Jassy? He told Jim earlier this month that investors will reap rewards from all the company’s AI spending. It’s generally not our style to chase stocks near record highs, nor do we love buying a stock right into an earnings release — even if you’re right on the numbers, the price reaction is too hard to game. However, for those without an Nvidia position on the books currently, here is where we stand. During Monday’s Morning Meeting, Jim said, “If you…
