By Ananya Gairola
Publication Date: 2026-05-24 23:31:00
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On Thursday, Jim Cramer and Gene Munster said Nvidia Corporation’s long-term AI growth remains strong even after the stock dipped following its earnings report.
Nvidia Stock Slips After Strong Earnings Beat
Nvidia shares closed down 1.77% at $219.51 on Thursday, one day after the company reported first-quarter results that topped Wall Street expectations. The stock edged slightly higher in after-hours trading.
The AI chip giant reported revenue of $81.615 billion for the quarter, up 85% year over year and ahead of analysts’ estimates of $78.796 billion.
Adjusted earnings came in at $1.87 per share, beating expectations of $1.76 per share.
Nvidia also issued strong second-quarter guidance, forecasting revenue between $89.18 billion and $92.82 billion, above Street estimates of $86.62 billion.
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Gene Munster Calls Post-Earnings Moves ‘Noise’
Ahead of Thursday’s trading session, Deepwater Asset Management managing partner Gene Munster downplayed the importance of short-term market reactions after earnings.
“I have a bad habit of trying to guess what a stock will do the day after earnings,” Munster wrote on X. “It’s a bad habit because post-earnings trading has so much noise, it tells us almost nothing about the actual fundamentals.”
At the time, Munster predicted that he expected Nvidia shares to rise modestly despite…