Jim Cramer doubled down on Nvidia on Monday, urging investors to buy the stock as the chipmaker rejected claims that its next-generation AI rack systems face delays until 2028.

The clash pits Nvidia against research firm SemiAnalysis, which alleges manufacturing setbacks have hit the Kyber NVL144 architecture showcased at GTC earlier this year.

SemiAnalysis Claims Put Nvidia’s Kyber Timeline in Doubt

SemiAnalysis claims the high-density rack design built for Rubin Ultra GPUs has slipped by more than 12 months. The firm blamed persistent manufacturing problems with the system’s complex PCB midplane.

The firm also claimed Nvidia scrapped its NVL72x2 back-to-back rack after pushback from hyperscaler customers.

Nvidia’s supply chain felt the report within hours. Japan’s Ibiden, which counts Nvidia as its largest client, fell as much as 10% on Monday, Bloomberg reported.

Kingboard Laminates tumbled 18% in Hong Kong, while Samsung Electro-Mechanics slid 11% in Seoul.

Nvidia rejected the claims, telling media outlets that its roadmap remains intact. The chipmaker, fresh off launching a revenue-sharing compute program for AI startups, has faced this script before.

When Blackwell delay reports surfaced in August 2024, Nvidia insisted production would ramp on schedule. It then fixed a design flaw and shipped several billion dollars of Blackwell hardware within months.

Jim Cramer Backs Nvidia Despite the Noise

Cramer reaffirmed his bullish stance and urged investors to buy Nvidia. He told CNBC that chip stocks are staging a “revenge trade” after last week’s “misguided selling.”

The numbers frame his conviction. The Philadelphia Semiconductor Index gained 87.8% in the second quarter, its best quarter since records began in 1994, Axios reported.

Nvidia missed most of that rally. The stock traded near $196.58 at this writing, up almost 2% over the last 24 hours.

Last week tested the sector’s nerve. AI chip stocks cracked after Michael Burry’s bubble warning, while memory stocks plunged sharply on supply glut fears.

Cramer, however, sees the pullback as an opportunity. He named his five AI stock picks earlier this month, favoring chip suppliers over Big Tech giants.

Nvidia’s next earnings report will show whether rack-level friction reaches data center revenue. Until then, investors must weigh Cramer’s conviction against a laggard chart and SemiAnalysis’ supply chain warnings.

Источник: BeInCrypto