Jim Cramer comments on Nvidia stock as supplier stocks fall on unsubstantiated delay rumors
By
Hillary Remy
Summary
A research report on July 6 alleged manufacturing delays pushing Nvidia's next-generation AI rack systems back by more than a year, causing significant stock drops for Nvidia suppliers like Ibiden (down 10%), Kingboard Laminates (down 18%), and Samsung Electro-Mechanics (down 11%). Nvidia rejected the claims, stating its roadmap has not changed. Jim Cramer weighed in on the situation, sending signals to Nvidia stock investors amid the rumors and market volatility.
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Key quotes
· 3 pulledNvidia rejected the claims and said its roadmap has not changed.
Japan's Ibiden dropped as much as 10%. Kingboard Laminates fell 18% in Hong Kong. Samsung Electro-Mechanics slid 11% in Seoul.
The report alleged manufacturing delays had pushed Nvidia's next-generation AI rack systems back by more than a year.
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