Jim Cramer said Nvidia shares may not find a low until most analysts turn against the stock, offering no price or timing measure ahead of the chipmaker’s next earnings report.
In an X post Wednesday, Nov. 11, the “Mad Money” host said the majority of analysts would need to “cut and run.” He set no count for how many would have to revise their view.
Those moves do not resolve how many analysts Cramer had in mind. Morgan Stanley took Nvidia off its Top Pick list after the shares dropped more than 25% from its Oct. 2 selection, while retaining an Overweight rating and $300 target. Baird's target now stands at $200, compared with $500.
Nvidia said in its investor-relations announcement that fiscal third-quarter 2027 results are due around 4:20 p.m. ET on Tuesday, Nov. 17, with a conference call scheduled for 5 p.m. ET. The reporting period closed Oct. 25.
