CNBC’s Jim Cramer said NVIDIA should dramatically expand its stock repurchase program, proposing a $500 billion authorization targeting roughly 10% of the company. In earlier comments, he said the program could reach as much as $1 trillion. Cramer argues NVIDIA remains undervalued at about 23 times this year’s earnings estimates despite its AI growth, profitability and expanding role in financing data-center projects. He supports the company’s financial backing for infrastructure developers and cloud providers, saying NVIDIA’s knowledge of GPUs and their residual value gives it an advantage over traditional lenders. Melius head of research Ben Reitzes maintains a Buy rating and raised his price forecast to $420 after NVIDIA’s latest earnings. He sees open and open-weight AI models, together with physical AI and enterprise applications, supporting demand for NVIDIA’s chips, software and infrastructure. The stock carries a consensus Buy rating and an average price forecast of $349.15. NVIDIA shares were down 0.06% at $217.32 in Wednesday premarket trading, while several ETFs held weights of roughly 9.7% to 9.9% in the stock.