It's not too often we see a company like Nvidia (NVDA) , with a $35 billion market cap, rally 25% after reporting earnings.
The company beat on earnings per share and revenue expectations, topping analysts' EPS estimates by more than 50% and growing sales 54% year over year. Nvidia boosted its dividend by 21% and provided much stronger-than-expected guidance for next quarter.
"This is one of the greatest quarters I have seen," TheStreet's Jim Cramer, co-manager of the Action Alerts PLUS portfolio, said on CNBC's "Stop Trading" segment Friday.
The company has very high-quality chips in major growth markets, he explained, urging investors to listen to Nvidia's conference call.
The tech sector has struggled for a few days now, but if it's going to turn around on Friday it will be as a result of Nvidia's stellar results, he added. "What a quarter," Cramer concluded.