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Jim Cramer On Nvidia: So Much Demand They Can't Make Enough Chips

CNBC's Jim Cramer shared his thoughts on Nvidia Corporation (NASDAQ: NVDA) after the company reported third-quarter earnings.

· 11/19/2020 09:47

CNBC's Jim Cramer shared his thoughts on Nvidia Corporation (NASDAQ:NVDA) after the company reported third-quarter earnings.

Cramer on Nvidia: Cramer talked about Nvidia missing on some numbers in the quarter, but said the company couldn’t keep up.

“So much demand they can’t make them [chips],” Cramer said. He called that a “high-quality problem” to have.

Cramer said Nvidia makes chips for the automobile industry and gaming industry. Nvidia also has large customers like Alphabet Inc (NASDAQ:GOOG)(NASDAQ:GOOGL) unit Google, Amazon.com (NASDAQ:AMZN) and Microsoft Corporation (NASDAQ:MSFT).

“They all look to Jensen,” Cramer said, referring to Nvidia CEO Jensen Huang.

Cramer said if Nividia opens down “you can still buy it.”

Related Link: Mike Khouw Sees Unusual Options Activity In Nvidia

Nvidia Earnings: Nvidia reported third-quarter earnings of $2.91 per share, which beat the consensus estimate of $2.57. The company reported third-quarter revenue of $4.73 billion, which beat the consensus estimate of $4.41 billion.

“If [Huang] had all the chips, no idea what number they would’ve hit,” Cramer said.

NVDA Price Action: Nvidia shares are down 1.9% to $526.80 in early Thursday trading.