Cramer remains a believer in NVIDIA but expressed concern that the company's stock could become a 'market donor'—a source of funds for other companies to finance large-scale AI infrastructure buildouts that require significant capital and years to complete.
He noted that Microsoft and Amazon are the most likely sellers of NVIDIA stock to raise money for these deals, as they anticipate being able to repurchase shares later. The buildout of AI infrastructure requires 'gigantic warehouses full of servers' with substantial power and capital requirements.
NVIDIA's market cap stands at $5.2 trillion. Cramer stated the stock declined 3.62% (down eight dollars) on the day of his commentary, and he expects continued shareholder difficulty despite believing the AI story itself is 'excellent.'
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