Jim Cramer Wonders Whether Nvidia Corp (NVDA)’s Becoming Like Apple - Yahoo Finance

In 2026, NVIDIA's stock has underperformed, rising only 12.5% year-to-date, losing its status as Wall Street's AI darling. However, financial TV host Jim Cramer remains a strong supporter, questioning... Read original →

NVIDIA’s $20B bond issuance isn’t just capital raising—it’s a strategic pivot amid waning AI chip dominance. With GPU performance gains hitting physical limits and hyperscalers shifting to custom ASICs or open-source inference stacks, NVIDIA’s architectural moat is eroding. Using proceeds for buybacks may prop up EPS short-term but won’t fix Blackwell’s slow adoption or the post-H100 innovation gap. Geopolitically, U.S. export controls inflate compliance costs, while TSMC’s delayed Arizona ramp exacerbates CoWoS bottlenecks. AMD is aggressively capturing cloud deals with MI300X, and Intel’s Gaudi3 is locking in Azure commitments. Over the next 18 months, unless Grace-Hopper heterogeneity cracks edge AI at scale, NVIDIA risks morphing into a ‘high-yield tech’—massive market cap, minimal growth inflection—mirroring Apple’s stagnation trajectory.