Overview
- Jim Cramer, who spoke Thursday after President Trump extended a pause on strikes in Iran to April 6, said Nvidia’s drop is not only about the war and that demand looks strong after GTC.
- Wells Fargo’s Aaron Rakers said Nvidia’s $1 trillion data center target for its Blackwell and Rubin chips may be low and he sees at least 15 to 20 percent upside to 2026 and 2027 estimates.
- Rakers based this view on plans by the top cloud providers to add about 22 gigawatts of AI capacity in 2026 and 25 gigawatts in 2027, which his model says could add about $120 billion to Nvidia’s data center revenue versus street forecasts.
- Nvidia shares are down a little over 3 percent since February 27, the last trading day before the Iran war began.
- Cramer warned that higher interest costs and a possible pullback by Gulf sovereign funds could slow data center builds even as scarce compute and memory keep supply tight.