Jim Cramer Flags a ‘Monumental Day': Will NVIDIA Earnings Move Markets?

Mad Money host Jim Cramer told followers he senses a monumental day, just hours before NVIDIA (NVDA) reports fiscal second-quarter earnings after Wednesdays close. The cryptic post landed as the stock steadied near $213 in quiet premarket trading. Wall Street consensus calls for roughly $92 billion in revenue and $2.09 in adjusted earnings per share. Therefore, the guidance that follows the print could set the tone for the entire AI trade. Nvidia (NVDA) Stock Performance Pre-Market. Why NVIDIA Earnings Count as a Market Event NVDA closed Tuesday at $213.05, a 2.19% rebound that snapped a seven-session losing streak. The stock changed hands near $213.77 in Wednesdays premarket, up 0.34% on light volume, ahead of the 5 PM EDT earnings call. The muted move hides the stakes. NVIDIAs market value sits near $5.16 trillion as of this writing, large enough for its after-hours reaction to swing the SP 500. The report also doubles as a referendum on AI bubble risk, since a handful of chip and AI names now drive most index earnings growth. Beyond the headline revenue figure, analysts expect data center sales near $85 billion. Meanwhile, options and money-flow data had already flagged an earnings trap setup, where even a beat may fail to lift the stock without stronger forward guidance. Bullish Cramer Meets the Inverse Cramer Crowd His recent commentary leaves little doubt about his lean, however. On Mondays Mad Money, he called NVIDIA all-important to the AI trade and framed its results as a verdict on the whole ecosystem. He also admitted the stock limped into the report and said he was stockpiling questions for the call. The host has repeatedly dismissed competition fears, arguing that superior rival chips appear in headlines daily yet never materialize as real threats. Every day i read about some chip that is superior to Nvidia. And every year i see no real competitors, he said recently. He struck a similarly contrarian tone on Meta stock trial risk last week, pushing back against what he views as excessive pessimism in press coverage. Skeptics read the tweet differently. Replies leaned on the inverse Cramer trade, a meme strategy that bets against his calls, and pointed out the post picks no side. Formal backtests of that approach have produced mixed results at best. Professional analysts currently sit closer to Cramers camp. All 29 analysts tracked by TipRanks rate NVDA a Strong Buy, with an average 12-month price target of $304.67, roughly 43% above Tuesdays close. Nvidia (NVDA) Stock Forecast Price Target. Whether the day proves monumental now depends on the numbers. Data center demand, supply commentary, and third-quarter guidance will reveal if the recent slide was a warning or an entry point.