<p>On Wednesday,<strong> Nvidia Corp</strong> (NASDAQ:NVDA) shares closed up 1.3% at $223.47 and slipped 1.26% to $220.66 in after-hours trading following the company's earnings report. The company's first-quarter earnings prompted reactions from <strong>Jim Cramer</strong>, <strong>Gene Munster</strong> and <strong>Daniel Newman</strong>.</p>



<h2><strong>Nvidia Earnings Top Estimates As AI Demand Surges</strong></h2>



<p>Nvidia reported first-quarter revenue of $81.6 billion, up 85% year-over-year and above analyst estimates of $78.8 billion.</p>



<p>The chip giant also posted adjusted earnings of $1.87 per share, beating Wall Street expectations of $1.76 per share.</p>



<p>The company guided for second-quarter revenue between $89.18 billion and $92.82 billion, topping consensus estimates of $86.62 billion.</p>



<h2><strong>Gene Munster Says AI Boom May Still Be In ‘Second Inning'</strong></h2>



<p><strong>Deepwater Asset Management's</strong> managing partner Munster said Nvidia's results suggest the AI spending cycle remains in its early stages despite already explosive growth.</p>



<p>&#34;Growth went from 89% to 109%,&#34; Munster said in a post-earnings video, adding that the company's latest commentary suggests it is not facing meaningful supply constraints.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div>
<blockquote><p lang="en" dir="ltr">$NVDA keeps crushing high expectations. It was a $27B business in CY22. This year it will be more than $400B. Investors are more worried that the growth will slow next year. pic.twitter.com/zPjXuwAJu0</p>— Gene Munster (@munster_gene) May 20, 2026</blockquote>
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<p>He pointed to Nvidia's repeated statement that it has &#34;strategically secured inventory and capacity&#34; as evidence that demand — not limited supply — is driving the company's growth.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div>
<blockquote><p lang="en" dir="ltr">Digging deeper into the $NVDA numbers: The comment &#34;We have strategically secured inventory and capacity to meet demand beyond the next several quarters.&#34; is the same verbiage they used last quarter. <br/><br/>That says they are not, and not expecting to be supply or production…</p>— Gene Munster (@munster_gene) May 20, 2026</blockquote>
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<p>Munster also argued that Nvidia's expansion is defying the &#34;law of large numbers,&#34; noting the company generated roughly $27 billion in annual revenue in calendar 2022 and could approach $400 billion in calendar 2026.</p>



<p>Still, he cautioned that Nvidia stock may struggle to deliver dramatic outperformance because investors continually anticipate future growth slowdowns as the company grows.</p>



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<h2><strong>Daniel Newman Calls Nvidia ‘Victim Of Its Own Success'</strong></h2>



<p><strong>Futurum Group</strong> CEO Newman said Nvidia's enormous market capitalization makes it harder for the stock to post explosive gains compared with smaller AI companies.</p>



<p>&#34;$NVDA stock is a victim of its own success,&#34; Newman wrote, arguing that Nvidia's size limits the possibility of short-term share-price doubling despite strong fundamentals.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div>
<blockquote><p lang="en" dir="ltr">$NVDA stock is a victim of its own success. When there are small AI infra names growing 100-200-300% in a quarter, NVIDIA at 5+ trillion will never do that. It's too big. This is why buybacks and dividends become necessary to entice capital allocators to invest in a great company…</p>— Daniel Newman (@danielnewmanUV) May 20, 2026</blockquote>
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<p>He also reacted to the guidance on <strong>X</strong>, writing, &#34;The AI show must go on,&#34; while highlighting that Nvidia's outlook exceeded even elevated &#34;whisper numbers&#34; on Wall Street.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div>
<blockquote><p lang="en" dir="ltr">$NVDA Q2 Guide is $91 Billion. Well above the high end of the whisper range which was $87-$90 Billion.<br/><br/>The AI show must go on.</p>— Daniel Newman (@danielnewmanUV) May 20, 2026</blockquote>
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<h2><strong>Jim Cramer Warns About Familiar Nvidia Trading Pattern</strong></h2>



<p>Cramer warned investors not to overreact to Nvidia's initial after-hours stock movement.</p>



<p>&#34;The Nvidia pattern we are all now used to: an initial fly-up … then a relentless hammering,&#34; he wrote on X.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div>
<blockquote><p lang="en" dir="ltr">The Nvidia pattern we are all now used to: an initial fly-up, lasting 10-12 minutes, then a relentless hammering that takes the stock to where it breaks the chart. Do not be fooled by the first move… It would be terrific if nothing happened on the print, we heard the cc, got…</p>— Jim Cramer (@jimcramer) May 20, 2026</blockquote>
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<p>In a separate post, he said that Nvidia's GPUs continue to hold long-term value better than rival offerings from companies like <strong>Amazon.com, Inc.</strong> (NASDAQ:AMZN) and <strong>Alphabet Inc. </strong>(NASDAQ:GOOG) (NASDAQ:GOOGL), even as those firms ramp up their own AI infrastructure efforts.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div>
<blockquote><p lang="en" dir="ltr">It seems so easy to just go buy the Amazon or Alphabet GPU version but they are hard to get credit against and do not hold their value  over the years like Nvidia's do. Doesn't matter tomorrow or the next day, does matter over the long haul. And i like AMZN &amp; GOOGL</p>— Jim Cramer (@jimcramer) May 20, 2026</blockquote>
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<p>According to <strong>Benzinga Edge Stock Rankings</strong>, NVDA is positioned in the 98th percentile for Growth and continues to show a bullish trend across its short-, medium- and long-term price trends.</p>



<figure class="wp-block-image size-full"><img src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/20214641/Screenshot-2026-05-20-at-8.17.50%E2%80%AFAM-3.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2026/05/20214641/Screenshot-2026-05-20-at-8.17.50%E2%80%AFAM-3.png"/></figure>



<p><strong><em>Disclaimer</em>:</strong><em> This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.</em></p>



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<p><em>Photo courtesy: katz / Shutterstock.com</em></p>

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<p>Nvidia Corp (NASDAQ:NVDA) reported first-quarter earnings of $81.6 billion, exceeding estimates, and raised guidance for Q2 revenue to between $89.18 billion and $92.82 billion. Analysts, including Jim Cramer and Gene Munster, noted strong AI demand but cautioned about potential growth slowdowns. Cramer warned of a familiar trading pattern, while Daniel Newman stated Nvidia's size limits explosive gains compared to smaller AI firms. Despite concerns, NVDA remains bullish in growth rankings.</p>

- Nvidia Corp reported first-quarter revenue of $81.6 billion, significantly exceeding analyst estimates.  
- The company anticipates second-quarter revenue between $89.18 billion and $92.82 billion, above expectations, as AI demand rises.  
- Analysts express concerns that Nvidia's large market cap may hinder its ability to achieve explosive growth compared to smaller AI firms.

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Jim Cramer Says Nvidia Stock Getting 'Relentless Hammering' A Familiar Pattern, Daniel Newman Calls Company 'Victim Of Its Own Success'