Cramer Rebuffs Nvidia Skeptics, Ives Says Chip Demand Outpaces Supply 15-Fold

As Nvidia prepares to report fiscal second-quarter earnings on Wednesday, market sentiment is split between media skepticism and Wall Street bullishness.

CNBC's Jim Cramer blasted ongoing press coverage taking a "cynical" stance on the chipmaker's trajectory, while analyst Dan Ives declared that underlying AI chip demand continues to outpace supply by "15 to 1."

Cramer Blasts Media Skepticism

Ahead of the highly anticipated earnings release, the options market has priced in 5.27% implied volatility for Nvidia shares, representing roughly $275 billion in market value hanging in the balance.

Despite high expectations, Cramer took to social media to criticize negative headlines, arguing that news outlets remain fixated on downside risks even as Nvidia's results become "increasingly important."

"The stories about it always emphasize what could go wrong and what is going wrong: political entanglements, the need to do the deals they fund, circular investing; the press makes it much harder," Cramer posted on X. "I wish I could be as cynical, snarky, and pessimistic as that, but it doesn't apply to me."

Nvidia's earnings are becoming increasingly important, and the stories about it always emphasize what could go wrong and what is going wrong: political entanglements, the need to do the deals they fund, circular investing; the press makes it much harder... but it sees that as its job... I wish I...

— Jim Cramer August 24, 2026

Ives Sees Massive Growth Driven by Sustained Demand

Dan Ives appeared on Bloomberg TV, echoing a strongly bullish thesis and describing the massive tech capital expenditure buildout as a "1955 Las Vegas Strip moment."

Ives set aside concerns about circular financing, claiming corporate adoption remains robust and the AI revolution is only in the "third inning." "The reality is, the demand-to-supply ratio for chips is as high as 15 to 1," Ives said.

Regarding reports that surging memory costs could raise Nvidia AI server prices by more than 15%, impacting major customers such as Microsoft Corp., Alphabet Inc., and Oracle Corp., Ives insisted higher prices won't slow purchases: "You can't take your foot off the gas right now because of the demand cycle."

Meanwhile, Wall Street estimates Nvidia will report second-quarter earnings per share of $2.07 on revenue of $92.03 billion after the close on Wednesday, August 26.

Ahead of the earnings release, Nvidia has made significant operational moves, including a $6 billion deal to license startup Poolside's technology to advance open-weight AI models.

How Has Nvidia Performed in 2026?

NVDA stock is up 15.13% year-to-date, up 22.71% over the past year, and up 13.12% over the past six months. It closed Friday down 0.98% at $214.72 per share, and was up 0.02% in pre-market trading Monday. Stockcharts Edge stock rankings indicate NVDA maintains strong price trends in the short, long, and medium term, with a good quality score.