Jim Cramer on Thursday took direct aim at traders who dumped S&P 500 futures after Nvidia Corp. (NASDAQ:NVDA) reported blowout fourth-quarter earnings.
“Take your cue from the S&P futures at your own peril,” CNBC’s “Mad Money” host Cramer wrote on X. “You think any of those sellers were actually on Jensen’s call? They wouldn’t know the difference between Jensen and Jetson.”
Jetson is Nvidia’s line of embedded computing boards designed for low-power machine learning applications.
Cramer Says AI Coding Boom Is the Real Catalyst
In an earlier post, Cramer zeroed in on what he called the pivotal moment from Nvidia CEO Jensen Huang’s earnings call. “Traders can’t even be expected to read the Nvidia call,” he wrote.
He pointed to the pivotal moment as the emphasis on Claude Code, OpenAI Codex and Cursor running on Nvidia chips, arguing that this is where the real explosion is happening — not in Amazon Web Services or Azure — and urged investors to read the earnings call closely, even using Gemini for clarity if needed.
After-Hours Surge Fizzles as Futures Turn Cautious
Nvidia delivered a blockbuster fourth quarter Wednesday after market close, reporting revenue of $68.13 billion, up 73% year-over-year and ahead of the Street’s $66.0 billion consensus estimate. Earnings per share came in at $1.62, topping the $1.53 consensus. Data center revenue alone hit $62.3 billion, a quarterly record and a 75% jump from a year ago.
Despite the beat, Nvidia’s stock told a murkier story overnight. Shares jumped 3.5% in after-hours trading Wednesday before fading below $200. By Thursday morning, S&P 500 futures sat at 6,954.50, down 5.25 points or 0.075%
Nvidia shares were up 1.17% at $197.84 during premarket trading on Thursday, according to Benzinga Pro data.
Photo by Below the Sky via Shutterstock
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