$NVDA: Cramer Bets on Musk as Biggest Buyer Amid Growth Debate

Jim Cramer expressed a bullish outlook on NVIDIA (NASDAQ:NVDA), suggesting Elon Musk's ventures, particularly SpaceX, could emerge as the primary consumer of the company's advanced chips. This viewpoint comes amid ongoing discussions about the long-term sustainability of AI hardware demand, with some analysts projecting a deceleration in hyperscaler capital expenditure growth to 25% in 2027 and 6% in 2028. Additionally, reports indicate growing investor unease regarding the timeline for AI monetization.

NVIDIA's recent performance data highlights its continued strength, with Q1 fiscal year 2027 data center revenue surging 92% year-over-year to $75 billion. The company also boasts strong gross margins of 75% and provided Q2 revenue guidance of $91 billion, surpassing analyst estimates. Management has also cited a significant $200 billion CPU opportunity for its Vera platform driven by agentic AI demand.

### Story Arc / How We Got Here Nvidia (NASDAQ: NVDA) may reach $300 per share before the close of 2026, a potential 33% gain from current levels. This projection hinges on continued hyperscaler spending and the launch of its Vera Rubin architecture, potentially driving significant revenue growth and solidifying its market position. Investors are watching for Nvidia's upcoming earnings announcement on August 26 for further clues on its trajectory. <a href="/explore/nvidia-stock-prediction-300-target-before-end-of-2026">Prior coverage</a> noted that if Nvidia's stock reaches $300 per share before the end of 2026, it would represent a 33% gain from current price levels.