Jim Cramer Says NVIDIA Stock Has Been “Playing a Game of Shoots and Ladders” - Yahoo Finance

In a June 8, 2026 episode of 'Mad Money,' renowned financial commentator Jim Cramer offered a critical view of NVIDIA stock, describing its recent performance as engaging in a 'game of shoots and ladd... Read original →

Cramer’s skepticism toward NVIDIA reflects broader market unease over AI chip valuation excesses. Technically, unless the Vera Rubin GPU delivers a step-function improvement in energy efficiency or software integration, data center customers will hesitate to sustain capital outlays, slowing AI infrastructure upgrades across the stack. Regulatory headwinds are intensifying: tighter U.S. export controls and emerging global carbon tariffs are raising TSMC’s foundry costs, indirectly inflating NVIDIA’s COGS. In response, Microsoft and Amazon are fast-tracking in-house AI chips—Azure Maia and Trainium are already displacing NVIDIA at scale, eroding its pricing power. Over the next 12–24 months, only vendors offering full-stack optimization tied to real workloads will survive. Relying on narrative alone won’t shield NVIDIA from a structural re-rating.