NVIDIA's Price Performance Outperforms Other Companies, Says Jim Cramer

Jim Cramer praises NVIDIA's price performance, saying it is "so much better than any other company." Despite a recent decline, Cramer believes the stock has a strong track record and encourages investors to consider owning both NVIDIA and Broadcom. He notes that Citi analyst lowered NVIDIA's price target from 210 to 200.

Title: NVIDIA's Recent Performance and Jim Cramer's Perspective

NVIDIA Corporation (NASDAQ:NVDA) has experienced a recent decline in its stock price, falling by 3.9% last week following Broadcom's announcement of a $10 billion deal for a new custom AI chip customer. While the customer is believed to be OpenAI, Jim Cramer, a renowned financial analyst, has praised NVIDIA's performance, stating that it is "so much better than any other company." Despite the recent drop, Cramer encourages investors to consider owning both NVIDIA and Broadcom, noting that Citi analyst Atif Malik has lowered NVIDIA's price target from $210 to $200 Citi cuts Nvidia price target to $210 on rising AI chip competition^[2].

NVIDIA's shares fell following Broadcom's revelation, which suggests that the company may be facing increased competition in the AI chip market. However, Cramer believes in NVIDIA's strong partnership with the company and the potential of its AI stocks. He also mentioned that some AI stocks hold greater promise for delivering higher returns and have limited downside risk “The Long Knives Are Out” For NVIDIA Corporation (NVDA), Says Jim Cramer^[1].

The recent decline in NVIDIA's stock price can be attributed to several factors, including the growing competition from Broadcom and Google, which are expanding the use of their own TPUs. According to Atif Malik, NVIDIA's 2026 GPU sales are expected to come in 4% lower than previously anticipated due to this competition Citi cuts Nvidia price target to $210 on rising AI chip competition^[2].

Moreover, there are growing concerns about customer concentration, with two buyers accounting for 39% of NVIDIA's total revenue in the July quarter. This could pose a risk to NVIDIA's revenue growth, which has been significant, growing by 112% year-over-year in the data center segment Broadcom’s Strategic Position in the AI Infrastructure Race as a Challenger to Nvidia^[3].

All eyes are now on NVIDIA's CEO Jensen Huang, who is scheduled to deliver the GTC keynote on October 28. Investors are hoping for clarity as rivals continue to eat into Nvidia's market share.

Despite the challenges, Atif Malik maintains a slightly higher estimate for 2025 and 2026 sales compared to Wall Street's average, thanks to rising demand from neocloud companies and sovereign AI projects Citi cuts Nvidia price target to $210 on rising AI chip competition^[2]. The potential resumption of GPU shipments to China could also provide an upside for NVIDIA.

Separately, Nvidia board member Dawn Hudson sold 90,000 shares last week at an average of $170.90, cashing out $45.5 million, filings show. The sale lowered her holdings by 20% Citi cuts Nvidia price target to $210 on rising AI chip competition^[2].

In conclusion, while NVIDIA faces competition and concerns about customer concentration, Jim Cramer's positive outlook and Atif Malik's slightly higher estimates for 2025 and 2026 sales provide some reassurance for investors. The upcoming GTC keynote will be crucial in providing further clarity on NVIDIA's future prospects.