Nvidia investuje do Cloverleaf Infrastructure, startupu zaměřeného na energetickou infrastrukturu pro obří datová centra. Firma tím míří na další úzké hrdlo AI boomu: dostupnost elektřiny.
Nvidia Corp. (NVDA, Financials), the dominant supplier of AI processors, is putting money into another part of the artificial intelligence boom: the infrastructure needed to power it.
That helps explain why Nvidia has put money into Cloverleaf Infrastructure, a startup that is focused on building power projects for massive data centers. This is a good step because Nvidia is no longer only selling more GPUs as its growth story.
Those chips need large quantities of electricity and the businesses developing the AI data centers are already bumping into restrictions regarding grid access, power availability and how rapidly more capacity can be added. Nvidia obviously sees that problem getting bigger.
Backing Cloverleaf gives the company a means to get closer to the infrastructure side of the AI buildout and potentially help take one of the constraints off its clients. It also tells you something about where the AI boom is headed. The chips were the shortage everyone feared in the last few years. The next scarcity it may be megawatts.
That's important for Nvidia because customers can't put their systems to use, even if demand is great, if they don't have enough power to run them. So this might not be a big issue for Nvidia financially, but it fits into a much wider story. The corporation is beginning to spend not just in the AI boom itself, but in the things that need to happen to keep the boom going.
Nvidia příští středu po uzavření trhu zveřejní výsledky za fiskální 2. čtvrtletí. Investoři už ale po třech po sobě jdoucích reportech s překonáním odhadů a zvýšením výhledu čekají víc než jen další překonání odhadů.
NVIDIA Corp. (NASDAQ:NVDA) reports fiscal second-quarter results next Wednesday after the market close, and the print arrives as the chipmaker’s remarkable AI-driven rally faces a stagnant stretch.
NVDA stock is trending. See the chart and price action here. Nvidia shares have surged from roughly $11 in late 2022, split-adjusted, to about $216 today, a gain near 1,700% since ChatGPT’s November 2022 launch kicked off the AI boom, according to Bespoke Investment Group.
The move ranks among the most powerful multi-year runs by any large-cap stock in recent market history, and the long-term chart remains firmly in an uptrend despite a sluggish past year.
Bespoke highlights just how dramatic the shift in fundamentals has been. Quarterly revenue has exploded since late 2022, blowing past Wall Street’s consensus estimates by wide margins nearly every period. Few companies have seen fundamentals catch up to a stock’s rally quite like this one.
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The Triple-Play KingNvidia has become what Bespoke calls a “triple-play king,” a company that consistently beats both earnings and revenue estimates while also raising guidance.
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Over the past 20 quarterly reports spanning five years, the chipmaker has delivered 14 triple plays, including three straight heading into Wednesday’s release.
The catch: Nvidia’s triple plays no longer guarantee a stock pop. Shares finished lower on each of the last three beat-and-raise reports, suggesting investors have priced in near-flawless execution and now demand something more.
Sky-High ExpectationsExpectations have grown too large for good news alone to move the needle. A beat-and-raise quarter, once cause for celebration, now reads as the baseline.
Nvidia investors increasingly want confirmation that AI demand extends well beyond the current cycle, plus clarity on margins as competition intensifies from custom silicon and rival chipmakers.
Wednesday’s report will test whether Nvidia can finally snap the pattern. A fourth consecutive triple play met with another sell-off would reinforce the idea that the stock has entered a “prove it” phase, one where even flawless numbers cannot overcome heightened investor demands.
NVDA Stock Price Activity: Nvidia stock was down 0.47% at $215.89 at the time of publication on Friday, according to data from Benzinga Pro.
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BMO Capital Markets označila Nvidia za „top pick“ před zveřejněním výsledků za fiskální 2. čtvrtletí, které mají být zveřejněny 26. srpna po uzavření trhu, a stanovila cílovou cenu na 340 USD. Firma má AI systémy na příštích 12 měsíců plně vyprodané.
Buy Nvidia (NVDA). The article says systems are “fully booked for the next 12 months” and the Vera Rubin NVL72 ramps in the back half, so earnings should confirm demand/supply tightness rather than hype. Valuation is framed as a “discount” at ~18x forward P/E versus very high growth (84% revenue growth in fiscal 2027).
Key Risk: Customers suddenly slow AI capex or cancel/defers orders, breaking the “fully booked” visibility.
AI infrastructure beneficiaries
Buy Broadcom (AVGO). If NVDA demand stays strong, hyperscalers keep building AI clusters, which pulls through networking/ASIC spend. AVGO is a direct second-order beneficiary of more AI rack deployments and higher switch/accelerator demand tied to NVDA-led buildouts.
Key Risk: AI infrastructure spending shifts away from networking/ASICs or AVGO’s AI-related revenue growth disappoints despite NVDA strength.
Nvidia NVDA stock is in focus on Friday after BMO Capital Markets said the chipmaker remains a “top pick” for those seeking exposure to the global artificial intelligence (AI) buildouts.
Analyst Harsh Kumar announced an Outperform rating and $340 price target on the semiconductor behemoth heading into its fiscal Q2 earnings set to be released on August 26th (after market close).
Ahead of the earnings event, Nvidia stock is up over 30% versus its year-to-date low.
BMO’s bullish thesis starts with Nvidia’s unusually strong position across the AI computing stack.
Kumar said the giant’s AI systems are “fully booked for the next 12 months as demand exceeds supply,” a striking assessment heading into its earnings report.
That level of visibility matters because it suggests NVDA shares’ growth story is being supported by actual customer demand rather than simply elevated expectations around AI spending.
BMO also expects Nvidia’s next-gen Vera Rubin NVL72 system to begin ramping in the back half of the year.
The new platform could provide another leg of growth as hyperscalers and other large customers continue expanding AI infrastructure.
Kumar’s broader view is that AI remains in “the early innings,” with capital expenditures expected to rise for years as demand for AI tokens and computing capacity expands.
Crucially, BMO does not believe Nvidia’s valuation has become excessive relative to its expected growth.
Kumar pointed to the stock’s 18x forward price-to-earnings (P/E) multiple – calling that valuation “a discount” when measured against the firm’s expected revenue growth.
According to him, NVDA could grow revenue by 84% in fiscal 2027 and another 50% in the year after.
His argument goes directly against one of the biggest concerns surrounding Nvidia shares: whether the stock already prices in too much of the AI boom.
At roughly $216, Nvidia remains below its $236 high and has recently struggled to regain its May peak.
The combination of a still-elevated growth rate, massive AI infrastructure demand and a valuation BMO considers compelling gives the bull case more substance than simply betting on another AI-driven rally.
Wall Street’s expectations for Nvidia Corp’s fiscal Q2 results are already enormous.
Consensus estimates call for about $92.16 billion in revenue and $2.09 in adjusted earnings per share, representing year-over-year growth of about 96% and 99%, respectively.
The underlying strength in Nvidia’s financials reflects sustained demand for its AI chips – as cloud providers and other major tech firms continue committing enormous sums to AI infrastructure.
Note that NVDA stock also currently pays a small dividend yield of 0.46%, which makes it even more attractive as a long-term holding.
NVIDIA má 26. srpna po uzavření trhu oznámit výsledky za 2. fiskální čtvrtletí, přičemž tržby se očekávají na 91,8 miliardy USD a EPS na 2,09 USD. Očekává se růst tržeb o 96,4 % a zisku na akcii o 99,1 % meziročně.
Key Takeaways Consensus estimates for NVIDIA's Q2 revenue and EPS suggest y/y increases of 96.4% and 99.1%, respectively.NVIDIA's Data Center results may benefit from hyperscale demand, inference adoption and generative AI.NVIDIA's Edge Computing momentum is supported by demand across gaming, robotics and automotive markets. NVIDIA Corporation (NVDA - Free Report) is scheduled to report second-quarter fiscal 2027 results on Aug. 26, after market close.
The company expects revenues of $91 billion (+/-2%) for the quarter. The Zacks Consensus Estimate is pegged at $91.8 billion, which indicates a whopping 96.4% increase from the year-ago reported figure.
The Zacks Consensus Estimate for quarterly earnings has been revised upward by 2 cents over the past 60 days to $2.09. This suggests growth of 99.1% from the year-ago quarter’s earnings of $1.05 per share.
Image Source: Zacks Investment Research
Earnings of the graphics chip maker surpassed the Zacks Consensus Estimate in the trailing four quarters, delivering an average surprise of 5.52%.
Q2 Earnings Whispers for NVIDIA TechnologyOur proven model does not conclusively predict an earnings beat for NVDA this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that is not the case here.
Earnings ESP: NVIDIA has an Earnings ESP of 0.00% at present. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Zacks Rank: NVIDIA currently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Factors Likely to Influence NVIDIA’s Q2 ResultsNVIDIA’s fiscal second-quarter top line is likely to have benefited from the continued strength in its Data Center business. The increasing adoption of cloud-based solutions amid the growing hybrid working trend is anticipated to have boosted the demand for its chips across the Data Center business. An increase in hyperscale demand and growing adoption in the inference market are likely to have acted as tailwinds in the to-be-reported quarter.
The Data Center business should have benefited from the growing demand for generative AI and large language models using GPUs based on NVIDIA Blackwell architectures. The strong demand for its chips from large cloud service and consumer Internet companies is anticipated to have aided the segment’s top-line growth in the to-be-reported quarter.
NVIDIA is also strengthening its position beyond GPUs through networking products such as InfiniBand, Spectrum-X Ethernet and NVLink. This is likely to have enabled the company to capture a larger portion of AI infrastructure spending during the fiscal second quarter.
NVIDIA’s fiscal second-quarter performance is also likely to have benefited from the continued momentum in its Edge Computing segment, fueled by strong demand across the gaming, robotics and automotive end markets.
NVIDIA’s Stock Price Performance & ValuationShares of NVIDIA have been highly volatile over the past year. The stock has gained 21.9% over the past year, underperforming the Zacks Semiconductor – General industry’s rise of 27.3%. The stock has also underperformed major semiconductor shares, including Intel Corporation (INTC - Free Report) , Advanced Micro Devices, Inc. (AMD - Free Report) and Broadcom Inc. (AVGO - Free Report) . Shares of Intel, Advanced Micro Devices and Broadcom have grown 271.5%, 179.3% and 24.2%, respectively.
NVIDIA 1-Year Price Return Performance
Image Source: Zacks Investment Research
Now, let us look at the value NVIDIA offers investors at the current levels. NVIDIA is trading at a discount with a forward 12-month price-to-earnings (P/E) of 19.69X compared with the industry’s 22.14X, reflecting an attractive valuation.
Forward 12-Month P/E Multiple
Image Source: Zacks Investment Research
Compared with other chip giants, NVDA trades at a lower multiple against Intel, Advanced Micro Devices and Broadcom. Currently, Intel, Advanced Micro Devices and Broadcom trade at a forward P/E of 51.77X, 39.08X and 20.60X, respectively.
Investment Consideration for NVIDIAThe company remains the clear leader in AI infrastructure. Cloud providers, enterprises and governments continue to invest billions of dollars in building AI data centers, and NVIDIA's GPUs remain the preferred choice for training and running advanced AI models. The company's newest Blackwell and Vera Rubin AI platforms are seeing strong customer adoption due to their superior performance and energy efficiency.
Another key advantage is NVIDIA's software ecosystem. CUDA, along with its expanding AI software portfolio, creates high switching costs for customers, making it difficult for competitors to take market share. This competitive advantage extends well beyond hardware and should continue supporting long-term growth.
As AI adoption expands from model training to large-scale inference and enterprise deployment, NVIDIA is positioned to benefit across every major phase of the AI investment cycle.
Final Thoughts: Buy NVDA Stock NowAs a leading player in the semiconductor industry, NVIDIA has benefited from its dominance in GPUs and strategic expansion into AI and data centers. The company's strong product portfolio, leadership in AI and relentless innovation present a compelling investment opportunity. A lower valuation multiple than the industry also suggests that NVIDIA is a good investment option right now.
Microsoft schválil Horizon 1, první ze čtyř datových center IREN v rámci pětileté smlouvy za 9,7 miliardy USD. IREN tak může začít fakturovat a proměňuje AI projekty v provozní infrastrukturu a tržby.
Data-center operator IREN Ltd. (IREN, Financials) has built its business on Bitcoin mining and is beginning to demonstrate that AI drive is more than a promise.
Microsoft Corp. (MSFT, Financials) has officially approved Horizon 1, the first of four data centers IREN is developing under a five-year, $9.7 billion deal.
That's important because IREN may now begin to send Microsoft a bill every month. One of the major uncertainties around the company until now has been whether it can really execute an AI buildout that dwarfs its existing business. The first real proof point is Horizon 1.
Also operating the site were Nvidia Corp. (NVDA, Financials) computers with GB300, which gave the site Exemplar Cloud status, offering IREN another vote of confidence in performance and reliability.
The corporation has already put together a $3.65 billion loan package connected to the Microsoft contract that should pay much of the GPU spending. It also has a separate five-year $3.4 billion cloud deal with Nvidia.
There's still a lot to prove. While IREN's AI business remains small in comparison to Bitcoin mining, the growth comes with substantial cash needs.
But that story is changing. Investors are no longer merely waiting for IREN to announce huge AI acquisitions. They are beginning to see those deals turn into operational infrastructure and now revenue.
AMD ztratila SpaceX ve prospěch NVIDIA, která získala přístup k AI infrastruktuře na platformě Vera Rubin. Přesto AMD ve 2. čtvrtletí zvýšila výnosy o 50,1 % na 11,54 miliardy USD a výnosy datacentra o 107 % na 6,72 miliardy USD.
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Elon Musk’s decision to build SpaceX’s (NASDAQ:SPCX | SPCX Price Prediction) AI infrastructure around NVIDIA’s (NASDAQ:NVDA) Vera Rubin platform, reportedly claiming 20% of NVIDIA’s next-platform capacity, is the kind of headline that makes AMD bulls nervous. It denies Advanced Micro Devices (NASDAQ:AMD) a flagship logo at exactly the moment Lisa Su is trying to convince Wall Street her Instinct roadmap can rival Jensen Huang’s.
The stock has felt it. Shares closed at $469.46 on Thursday, down 13.77% over the past month even after a blowout quarter.
The question is whether SpaceX is a symptom of something structural or a single lost deal in a market AMD believes will approach $2 trillion by 2030. The answer sits closer to the second interpretation than the first.
What the SpaceX Loss Actually Signals Musk’s rationale centers on allocation guarantees. SpaceX wants guaranteed allocation on a platform NVIDIA controls, and NVIDIA chooses who gets capacity.
That gives NVIDIA a lever AMD cannot yet match: the ability to convert scarcity into exclusivity with the largest AI spenders on earth.
SpaceX also fits a very specific customer profile. It is a single-tenant buyer aligned philosophically with Musk’s xAI, and Grok training runs benefit from staying within a single hardware stack.
Losing that customer stings, but reading it as evidence that AMD is falling apart overlooks the fact that AMD actually won this cycle.
Counter-Evidence Is Loud AMD reported Q2 revenue of $11.54 billion, up 50.1% year over year, with Data Center revenue of $6.72 billion, up 107%.
That segment now generates $2.1 billion in operating income, a swing from a loss a year ago tied to China export charges.
The customer list backing the forward story runs deep. AMD has committed deployments with OpenAI, Meta (NASDAQ:META), and Anthropic, whom Lisa Su called “strategic anchor customers,” plus a 2-gigawatt Anthropic deal on MI450 in Helios and Microsoft (NASDAQ:MSFT) Azure at scale.
Su told analysts, “We enter the second half with strong momentum as EPYC demand accelerates, Instinct deployments scale and Helios begins to ramp.”
Verdict: Contested, Not Collapsing NVIDIA still commands preferential access to hyperscale capital and can still lock in customers like SpaceX through allocation politics rather than benchmarks. That advantage is real, and AMD’s forward P/E of 65 assumes it narrows.
But AMD’s challenge remains intact. Data Center is expected to more than double year over year in 2027, and management raised its long-term targets rather than trimming them. (We reverse-engineered what the biggest chip winners looked like early on and put the pattern in a free playbook, here.)
Reddit sentiment scored a neutral 48 this week, with the most upvoted thread titled “Looking for different perspectives, sell or reduce my position in AMD.” That caution is fair given the recent drawdown.
SpaceX is a loss worth acknowledging, although it is one customer inside a market where AMD has already secured multi-gigawatt commitments from the companies actually building frontier models. The AI challenge is being contested, which is a different thing entirely.
Contact [email protected] for any questions or corrections.
AMD oznámila rekordní tržby ve výši 11,54 miliardy USD a tržby v datových centrech vzrostly meziročně o 107 % na 6,72 miliardy USD. NVIDIA mezitím vykázala tržby v datových centrech ve výši 75 miliard USD, což je meziročně o 92 % více.
AMD (NASDAQ: AMD | AMD Price Prediction) and NVIDIA (NASDAQ: NVDA) both just delivered post-earnings reports that reframe the AI hardware race. AMD posted record revenue of $11.54 billion with Data Center more than doubling. NVIDIA answered with an $82 billion quarter and Blackwell shipping into every major hyperscaler.
The question is whether AMD is finally catching up, or whether Jensen Huang just widened the moat again.
Helios Lands. Blackwell Scales. Two Different Zip Codes. AMD’s quarter was carried by Data Center revenue of $6.72 billion, up 107% year over year and now 58% of total revenue. EPYC server chips grew greater than 70% year over year, and Instinct more than doubled.
Lisa Su called out Helios, the new rack combining EPYC Venice, MI450 GPUs and Pensando networking, saying customer pull is “very strong and tracking ahead of our initial forecasts.” Anthropic committed to up to two gigawatts of MI450 series GPUs in Helios, with the first gigawatt starting in 2027.
NVIDIA operates at a different altitude. Data center revenue hit $75 billion, up 92%, with networking alone nearly tripling year over year.
Huang told investors the company sees $1 trillion in Blackwell and Rubin revenue from 2025 through calendar 2027, and that “we are growing share in inference very, very quickly.” Buybacks got an $80 billion refresh. The dividend jumped to 25 cents per share.
Business Driver AMD NVIDIA Data Center Revenue $6.72B (+107%) $75B (+92%) Non-GAAP Gross Margin 56% 75% Next-Quarter Guide ~$13B (+41%) $91B (+/-2%) Challenger Rack vs. Full-Stack Monopoly AMD is betting that a credible second source of gigawatt-scale AI compute is worth many billions to hyperscalers who dislike sole-vendor risk. Rackham software now runs more than 3 million models out of the box, with open-source contributions up more than tenfold over the past year. That is real progress against CUDA, though not parity.
NVIDIA’s pitch is vertical integration. Vera Rubin production begins in Q3, and Huang says it can deliver up to 35x higher inference throughput than Blackwell. Standalone Vera CPUs open a claimed $200 billion TAM on top of GPUs. The competitive gap extends well beyond silicon into NVLink, Spectrum-X, InfiniBand and CUDA glued together.
All that gigawatt-scale compute still has to be powered, cooled, and networked by somebody, which is the whole thesis behind our free report on seven AI infrastructure suppliers that aren’t chipmakers.
What I Want to See in Q3 and Q4 I will be watching Helios yields and how quickly Anthropic’s first gigawatt actually turns into revenue. AMD guided Q3 to roughly $13 billion, and management expects Data Center to more than double year-over-year in 2027.
You should also watch NVIDIA’s ability to defend gross margin at 75% while China compute stays excluded from guidance.
How the Setup Favors Each Name On the fundamentals, NVIDIA still screens as the higher-quality name. A P/E of 34 paired with 65.6% operating margins is rare at this scale, and Rubin looks like another generational lead.
AMD screens as the higher-beta way to play the theme. Shares are already up 180.05% over the past year, and the stock trades at a forward P/E of 68, which prices in a lot of Helios success. If MI450 ramps cleanly through 2027, AMD has room to run.
If yields slip or China policy tightens further, the platform that “runs every frontier AI model” looks like the more defensive exposure. Reddit’s neutral, hesitant tone on AMD, with sentiment scores of 45, 47, 48, 48, and 50, tells me I am not alone in that caution.
Contact [email protected] for any questions or corrections.
Alliance Private Wealth LLC ve 2. čtvrtletí snížila svůj podíl v NVIDIA o 27,1 % a prodala 8 829 akcií. Po prodeji držela 23 734 akcií v hodnotě 4,749 milionu USD.
Alliance Private Wealth LLC reduced its stake in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 27.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,734 shares of the computer hardware maker’s stock after selling 8,829 shares during the period. NVIDIA makes up about 1.6% of Alliance Private Wealth LLC’s holdings, making the stock its 18th largest holding. Alliance Private Wealth LLC’s holdings in NVIDIA were worth $4,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in NVIDIA by 12.4% in the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock worth $43,631,000 after purchasing an additional 35,815 shares during the period. Bank Pictet & Cie Europe AG increased its position in shares of NVIDIA by 1.0% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock valued at $315,100,000 after buying an additional 22,929 shares during the period. Highview Capital Management LLC DE increased its position in shares of NVIDIA by 6.7% during the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock valued at $7,842,000 after buying an additional 3,653 shares during the period. Hudson Value Partners LLC lifted its holdings in shares of NVIDIA by 30.7% in the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock worth $6,805,000 after buying an additional 11,900 shares in the last quarter. Finally, Wealth Group Ltd. boosted its position in shares of NVIDIA by 15.7% in the first quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker’s stock valued at $715,000 after acquiring an additional 896 shares during the period. 65.27% of the stock is currently owned by hedge funds and other institutional investors.
NVIDIA Stock Performance NASDAQ NVDA opened at $216.85 on Friday. NVIDIA Corporation has a 52-week low of $164.07 and a 52-week high of $236.54. The company has a fifty day moving average of $207.28 and a 200-day moving average of $199.41. The company has a market capitalization of $5.25 trillion, a P/E ratio of 33.21, a P/E/G ratio of 0.43 and a beta of 2.23. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.85 and a current ratio of 3.44.
NVIDIA (NASDAQ:NVDA – Get Free Report) last released its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.11. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The business had revenue of $81.61 billion for the quarter, compared to analysts’ expectations of $78.42 billion. During the same quarter in the prior year, the firm earned $0.81 earnings per share. The firm’s revenue was up 85.2% on a year-over-year basis. As a group, equities research analysts predict that NVIDIA Corporation will post 8.6 EPS for the current fiscal year. NVIDIA announced that its board has authorized a stock repurchase program on Wednesday, May 20th that allows the company to repurchase $80.00 billion in shares. This repurchase authorization allows the computer hardware maker to repurchase up to 1.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.
Analysts Set New Price Targets Several brokerages recently commented on NVDA. Craig Hallum boosted their price objective on shares of NVIDIA from $245.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Susquehanna reiterated a “positive” rating and issued a $275.00 target price (up from $250.00) on shares of NVIDIA in a research note on Tuesday, May 12th. Wells Fargo & Company reissued an “overweight” rating and issued a $315.00 price target on shares of NVIDIA in a report on Tuesday, August 11th. Robert W. Baird set a $500.00 price target on shares of NVIDIA and gave the company an “outperform” rating in a research report on Thursday, May 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $255.00 price target (up from $220.00) on shares of NVIDIA in a report on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, forty-nine have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, NVIDIA has an average rating of “Buy” and a consensus target price of $307.28.
Read Our Latest Stock Analysis on NVDA
Trending Headlines about NVIDIA Here are the key news stories impacting NVIDIA this week:
Positive Sentiment: China shipments could reopen a portion of NVIDIA’s market. NVIDIA reportedly plans to begin small-batch shipments of a China-specific AI chip by year-end, while limited H200 shipments have already reached Chinese customers. Although the near-term revenue contribution may be modest, the developments could reduce the impact of export restrictions and preserve relationships with major customers such as Alibaba, ByteDance, and Tencent. Nvidia to ship AI chip for China by year-end Positive Sentiment: Analysts remain optimistic ahead of the August 26 earnings release. Jefferies expects fiscal second-quarter revenue to exceed consensus by roughly $3 billion, while RBC reaffirmed its Outperform rating with a $300 price target. Stifel also maintained a Buy rating, citing supply-chain evidence from Foxconn and Super Micro and continued strength in the GPU cycle. RBC rating and price target Foxconn and Super Micro supply-chain analysis Positive Sentiment: Enterprise and infrastructure demand continues to expand. IBM signed a multiyear $240 million agreement with Together AI to deploy NVIDIA HGX B300 systems on IBM Cloud, using NVIDIA’s Spectrum-X networking. CoreWeave also signed a multibillion-dollar deal giving Hudson River Trading access to NVIDIA’s newest systems, supporting the company’s data-center demand outlook. IBM and Together AI agreement Neutral Sentiment: Investors are focused on whether NVIDIA can clear elevated expectations. The company’s earnings report is the major near-term catalyst, with attention on revenue guidance, demand for the Rubin platform, gross margins amid higher memory costs, and visibility into future spending by hyperscalers and AI developers. Negative Sentiment: China’s opportunity remains constrained. Analysts estimate that returning H200 products to China may provide only limited near-term revenue, while Beijing may restrict domestic use and U.S. regulators are examining loopholes that allow Chinese firms to access NVIDIA computing capacity through overseas data centers. China AI access and export-control loopholes Negative Sentiment: Valuation and competitive risks are limiting enthusiasm. Commentary highlights concentrated AI spending, potential competition from custom chips and rivals, and the possibility that exceptionally strong results are already reflected in the share price. NVIDIA has also underperformed the broader semiconductor index this year, increasing investor sensitivity to any earnings or guidance shortfall. Insiders Place Their Bets In other NVIDIA news, Director John Dabiri sold 625 shares of NVIDIA stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $214.00, for a total transaction of $133,750.00. Following the transaction, the director directly owned 14,163 shares of the company’s stock, valued at approximately $3,030,882. This trade represents a 4.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen C. Neal sold 15,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the completion of the sale, the director owned 116,135 shares of the company’s stock, valued at approximately $25,053,803.55. The trade was a 11.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,901,125 shares of company stock valued at $410,583,015 over the last 90 days. Insiders own 3.94% of the company’s stock.
About NVIDIA (Free Report)
NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.
The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.
Featured Stories Five stocks we like better than NVIDIA 3 Energy Stocks Raising Dividends as the Sector Surges 5 Reasons the S&P 500 Could Keep Rallying Through Year-End Walmart’s Post-Earnings Drop Could Be a Buying Opportunity The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA – Free Report).
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Nvidia oznámí výsledky za fiskální 2. čtvrtletí 26. srpna; analytici čekají výnosy téměř 92 miliard USD a zisk na akcii 2,08 USD. Bank of America uvádí backlog 2,3 bilionu USD u čtyř největších cloudových firem v USA.
Nvidia (NVDA -0.33%) is all set to release its fiscal 2027 second-quarter results (for the three months ended July 26) after the market closes on Aug. 26.
The market will be eagerly awaiting the artificial intelligence (AI) bellwether's numbers and outlook, as they will provide clarity about the state of the AI market. It is worth noting that Nvidia stock has underperformed the broader semiconductor sector this year. The PHLX Semiconductor Sector index's 63% gains in 2026 are way ahead of the 21% jump in Nvidia's stock price this year.
However, a closer look at the earnings reports of the major U.S. hyperscalers suggests that this semiconductor stock could get a huge shot in the arm when it releases its quarterly report on Aug. 26.
Image source: Nvidia.
A $2.3 trillion revenue backlog points toward greater demand for Nvidia's chipsThere is incredible demand for AI services, and that's evident from the massive revenue backlogs that major hyperscalers in the U.S. are sitting on. Bank of America notes that the top four cloud service providers in the U.S. ended the second quarter with an enormous backlog of $2.3 trillion. Analyst Vivek Arya points out that companies such as Microsoft, Oracle, Amazon, and Alphabet's Google need to invest aggressively in cloud computing capacity to meet their backlogs.
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Oracle, for instance, estimates that it can convert only 12% of its backlog into revenue over the next year, while Microsoft expects to recognize 30% of the backlog as revenue over the same period. As a result, Arya expects that hyperscalers will continue investing more money in computing capacity. Moreover, neocloud companies, such as CoreWeave and Nebius, along with pure-play AI service providers, are on track to significantly expand their capacities.
Not surprisingly, Nvidia's peer, Advanced Micro Devices, noted on its recent earnings call that the total addressable market (TAM) for AI compute is poised to grow at a 40% compound annual growth rate (CAGR) over the long run, generating nearly $2 trillion in revenue by 2030. What's more, AMD now expects to clock faster growth than its earlier long-term revenue growth estimate of 35%.
Given that Nvidia is a much bigger player than AMD, with an estimated 80% to 90% share of the AI accelerator market, it is poised to win big from the lucrative opportunity over here. The increased backlogs of hyperscalers should ideally boost the demand for Nvidia's AI chips, paving the way for the company to deliver stronger-than-expected numbers and guidance.
Also, AMD noted on the earnings call that it now expects the server CPU market to grow by more than 50% annually through 2030, generating $220 billion in annual revenue.
That's well above the $60 billion estimate for the server CPU market that AMD delivered in November 2025. Nvidia has already set its sights on this massive market, noting that it can sell $20 billion worth of stand-alone server CPUs this year. Nvidia previously sold its server CPUs as part of rack-scale systems, and its decision to sell these chips on a stand-alone basis has unlocked a solid growth opportunity.
Nvidia will reportedly start selling its Vera server CPUs this month. This product could play a central role in helping the company deliver better-than-expected results and guidance, as server CPUs are now finding traction in AI data centers to support agentic AI and inference workloads.
Stronger-than-expected results and guidance should give the stock a big boostAnalysts are expecting a 97% year-over-year increase in Nvidia's revenue in fiscal Q2 to almost $92 billion, along with a similar increase in earnings per share to $2.08. The top-line estimate is slightly higher than the midpoint of Nvidia's guidance of $91 billion. It is also worth noting that Nvidia anticipates its non-GAAP gross margin to increase to 75% for fiscal Q2 from 72.7% in the year-ago period.
The margin increase that Nvidia has guided for suggests that its bottom-line growth could exceed Wall Street's expectations. Also, analysts are expecting Nvidia to guide for $2.35 in earnings per share for the current quarter, which would be an 80% increase from the year-ago quarter. There is a solid probability that Nvidia will call for a stronger earnings increase, as it is poised to start shipping its Vera Rubin processors in the second half of 2026.
The company has already noted that it has an order book worth a whopping $1 trillion for 2026 and 2027. For comparison, the company has generated $253 billion in revenue for the trailing twelve months. So, there is a chance that analysts could be underestimating Nvidia's growth potential, which is why a positive earnings surprise on Aug. 26 could send the stock soaring.
Moreover, Nvidia is trading at an attractive 25 times forward earnings, which is slightly lower than the tech-laden Nasdaq-100 index's forward earnings multiple of 26. So, investors are getting a solid deal on this AI stock right now when its outstanding earnings growth is considered. That's why it seems like a good idea to buy shares of Nvidia before its upcoming earnings report, as solid results and guidance could send the stock on a parabolic run.
Jefferies čeká, že Nvidia příští týden oznámí rekordní překvapení ve výnosech: 95 miliard USD proti konsenzu 92,07 miliardy USD. Pro fiskální třetí čtvrtletí odhaduje výnosy 108 miliard USD.
could be heading toward a record quarterly revenue surprise, with Jefferies forecasting a wider-than-expected beat when the chipmaker reports fiscal second-quarter 2027 results next week.
Jefferies estimates Nvidia will post $95 billion in revenue, compared with the $92.07 billion consensus forecast. The firm also sees fiscal third-quarter revenue reaching $108 billion, about $4.3 billion above expectations.
The outlook comes as Nvidia prepares to increase production of its next-generation Vera Rubin platform. Jefferies expects Rubin-related products to become a larger portion of GPU revenue later this year, with the platform potentially overtaking Blackwell as Nvidia's main revenue contributor in fiscal 2028.
The firm also expects Rubin deployments to scale rapidly, forecasting more than 13,000 racks by the end of 2026 and over 120,000 during 2027. Nvidia's participation in an OpenAI-related AI infrastructure project with SB Energy could further support demand, although Jefferies cautioned that the investment may raise questions about customer financing.
For NVDA stock, the projections point to another strong growth phase, but financing concerns could remain a factor for investors.
Nvidia se obchoduje za méně než 33,3násobek zisku za posledních 12 měsíců, tedy blízko pětiletého minima. Výsledky za fiskální 2027 druhé čtvrtletí oznámí 26. srpna.
Nvidia (NVDA -0.33%) has become one of the most important companies in the world, driving artificial intelligence (AI) development and creating loads of shareholder wealth in the process. However, there are signs the stock may be slowing down. It's beating the market this year, up 16.8% vs. 12.2% for the S&P 500, but that's nowhere near the gains it's delivered in the past.
At the current price, it trades at under 33.3 times trailing 12-month earnings, just off a 5-year low. Nvidia reports fiscal 2027 second-quarter (ended July 27) earnings on Wednesday, Aug. 26. Is now the time to buy?
Image source: Nvidia.
Why Nvidia is still on top The results speak for themselves. Nvidia continues to dominate AI chips and infrastructure, and its growing revenue at a pace more akin to a young upstart. Revenue rose 85% year over year in the first quarter, topping guidance and expectations. The company is highly profitable, and it tends to beat on earnings.
Nvidia sits at the center of AI development, which is growing by leaps and bounds, and it's one of the main beneficiaries of AI spending from hyperscalers like Amazon, Alphabet, and Microsoft. These companies are expected to invest about $1 trillion globally in 2026 alone, according to Goldman Sachs.
Nvidia has done a fantastic job of constructing a long-term moat for its products, keeping the heavy hitters in its ecosystem. It's a lot more than chips these days, with complete AI development systems, including its CUDA programming platform and AI supercomputers that bundle chips into powerful compute units. This creates high barriers to entry for competitors.
It's constantly upping its game, launching ever-more powerful chips and platforms, such as the new Vera Rubin architecture, which is starting to ship. Most recently, Nvidia announced a deal with several financiers, including Goldman Sachs and Blackstone, to build fully functional data factories to rent out to clients, and it's providing funding for OpenAI to lease a data center in Ohio for 20 years.
Why is Nvidia stock cheap? While a P/E ratio of 33.3 isn't objectively cheap, it's cheap comparatively for Nvidia stock, and it's cheap for a company reporting such high growth. However, on a price-to-sales basis, it's fairly expensive, trading at 21 times trailing 12-month sales.
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The stakes for Nvidia are also higher right now, which is what the market is concerned about. AI is growing rapidly, but it's also changing rapidly. While AI spend is expected to grow, dozens of disruptors are rolling out new and improved platforms that may be cheaper to run. What seems like a sure bet right now could look different a year from now.
Nvidia has been able to anticipate trends and pivot thus far, and it's still a great stock to own. However, it may not jump after earnings, and investors should only buy with an eye on the long term. I also wouldn't take a huge position at this point.
Jennifer Saibil has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, Blackstone, Goldman Sachs Group, Microsoft, and Nvidia. The Motley Fool has a disclosure policy.
NVIDIA čeká na výsledky hospodaření po uzavření trhu 26. srpna s konzervativním výhledem na výnosy 91 miliard USD plus minus 2 % a silnou poptávkou po AI čipech. Firma zároveň oznámila zpětný odkup za dalších 80 miliard USD a zvýšila čtvrtletní dividendu z 1 centu na 25 centů.
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NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) heads into its Aug. 26 FY Q2 2027 report with fundamentals, capital return and a demand backdrop that make it one of the cleanest large-cap AI setups in the market. This is a compounder with a catalyst.
Three Reasons The Setup Is Clean 1. Guidance is conservative, and the beat streak is intact: Management guided Q2 revenue to $91 billion plus or minus 2% with non-GAAP gross margin of 75%, and that guide excludes any Data Center compute revenue from China. NVIDIA has beaten EPS estimates by 5.42%, 6.58%, 4.84%, and 3.96% across the last four quarters. Polymarket implies a 0.953 probability of another beat on Aug. 26.
2. Demand visibility is unprecedented: Jensen Huang said “demand has gone parabolic” and NVIDIA reiterated “full confidence in the $1 trillion in Blackwell and Rubin revenue we foresee from 2025 through calendar 2027.” Supply-related commitments now sit at $119 billion. That is booked backlog.
3. Capital return has become material: The board authorized an additional $80 billion buyback on top of $38.5 billion remaining, and NVIDIA raised the quarterly dividend from 1 cent to 25 cents. Q1 free cash flow was $48.5 billion. Retirement accounts want that combination.
Head-To-Head Beat The obvious alternatives are Advanced Micro Devices (NASDAQ:AMD) and Broadcom (NASDAQ:AVGO). NVIDIA’s Data Center segment alone printed $75.2 billion in a single quarter, up 92% year over year, with Data Center Networking up 199%. AMD’s data center franchise is a fraction of that scale. Broadcom is a real AI ASIC winner, but it trades at a higher earnings multiple than NVIDIA’s P/E of 44 while growing slower than NVIDIA’s 85.2% Q1 revenue growth. You are paying up for less growth.
One Risk, Dismissed China. NVIDIA shipped zero H20 units to China in Q1, still beat, and still guided to $91 billion for Q2 with China excluded. If export restrictions were a thesis breaker, the numbers would already show it. They do not. Still, the setup into the Aug. 26 after-close report favors continued execution against a conservative guide.
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Alibaba uvedla, že její starší GPU Nvidia, včetně A100 z roku 2020 a V100 z roku 2018, stále běží na plnou kapacitu v AI infrastruktuře. CFO Toby Xu řekl, že AI aktiva mají po zhruba tříleté návratnosti generovat velmi pozitivní a robustní peněžní tok.
One of the most revealing comments from Alibaba Group Holding Ltd.’s (NYSE:BABA) (OTC:BABAF) fiscal first quarter earnings call wasn’t about revenue or artificial intelligence demand.
Instead, it was about the staying power of Nvidia Corp.‘s (NASDAQ:NVDA) older AI chips, with management saying GPUs purchased as far back as 2018 are still operating at full capacity across its AI infrastructure.
Alibaba: Older Nvidia GPUs Are Still Fully UtilizedDiscussing the economics of the company’s AI investments, Chief Financial Officer Toby Xu said Alibaba expects its AI assets to generate “very positive and robust cash flow” after a three-year payback period.
To illustrate the point, Xu cited the company’s existing GPU fleet, saying “an A100 purchased in 2020 or a V100 purchased in 2018 even today are still running at full capacity.”
The comment offers a rare glimpse into the useful life of AI accelerators inside one of the world’s largest cloud providers. While much of the industry’s attention has centered on the rapid rollout of newer chips, Alibaba indicated that older hardware continues to play a meaningful role in serving AI workloads.
AI Boom Fuels ConcernsRapid GPU turnover has fueled fears that today’s cutting-edge accelerators could become obsolete within just a few years.
Alibaba’s experience suggests otherwise. Rather than retiring older GPUs as newer chips arrive, the company says its existing hardware remains fully utilized years after deployment — and, per Xu, continues to generate cash flow well past its roughly three-year payback period.
Alibaba didn’t disclose what share of its AI workload still runs on V100s or A100s. But continued full utilization of both generations suggests demand has been strong enough to absorb legacy and new hardware alike.
What Investors Should Watch NextAlibaba’s remarks may carry implications beyond its own cloud business. If sustained utilization of older accelerators holds up across other large-scale deployments, it would ease concerns that rapid chip advances are quickly eroding the value of existing GPU fleets.
Investors tracking Nvidia and the broader AI infrastructure trade should watch upcoming hyperscaler earnings for similar disclosures. Confirmation from other cloud providers would reinforce the case that AI demand is strong enough to extend hardware’s economic life rather than render it obsolete overnight.
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Nvidia plánuje do konce roku začít dodávat malé objemy čipu pro AI pro čínské zákazníky. Čip má splňovat americká exportní omezení, ale schválení Pekingu je nejisté.
Nvidia (NVDA.O) plans to start shipping small volumes of an AI chip designed for Chinese customers by year-end, The Information reported on Thursday, citing two employees.
Several Chinese customers have already ordered the chip, a version of Nvidia's language processing unit, which uses technology licensed from Groq and works alongside Nvidia's graphics processors to speed up AI chatbot responses, the report said.
The chip complies with U.S. export controls, The Information reported, though it remains unclear whether Beijing will approve sales.
Nvidia did not immediately respond to a Reuters request for comment. Reuters could not independently verify the report.
While the chip giant dominates the market for training AI systems, it faces much more competition in the inference market. Several major Chinese firms, including AI heavyweights such as Baidu (9888.HK), already produce their own inference chips.
Reuters reported in March that Nvidia was preparing a China-compatible version of AI chips, as it sought to compete in the fast-growing market for AI inference.
Nvidia má ve středu 26. srpna zveřejnit výsledky hospodaření za fiskální 2. čtvrtletí a obchodníci sledují hlavně býčí NVDU i medvědí NVDD. Morningstar čeká další beat-and-raise a aktualizaci k prodejům do Číny.
Traders aren’t wrong in feeling as though second-quarter earnings season is over. However, there’s at least one big report left to absorb. Nvidia (NVDA) is slated to deliver its fiscal second-quarter update on Wednesday, August 26.
Earnings reports are often the ideal times for tactical traders to consider leveraged and inverse ETFs, indicating that the Direxion Daily NVDA Bull 2X Shares (NVDU) and the Direxion Daily NVDA Bear 1X Shares (NVDD) could soon have their moments in the sun. The two Direxion ETFs turn three years old next month.
NVDU attempts to deliver 200% of the daily performance of the bellwether semiconductor stock while the bearish NVDD seeks returns corresponding with the daily inverse performance of Nvidia. Given Nvidia’s knack for beating estimates and raising guidance, it’s not a stretch to assume traders will be focusing on the bullish NVDU.
“We’re looking for another beat-and-raise quarter, given the strong capex trends among hyperscalers and enterprises,” noted Morningstar analyst Brian Colello. “Nvidia should generate well over $300 billion of data center revenue in calendar 2026, which is effectively fiscal 2027, and perhaps over $500 billion in fiscal 2028. We expect to hear an update regarding sales (or non-sales) into China.”
Both ETFs Could Be in Focus
Some traders and investors have bullish biases, but that shouldn’t get in the way of acknowledging the bearish NVDD as a post-earnings play on Nvidia. In fact, the case for that inverse ETF may be heightened at a time when more market participants express concern about artificial intelligence (AI) financing plans.
“Perhaps the most polarizing issue has been Nvidia’s financing and backstopping of certain partners, including its recently announced $500 billion mobilization of large financial asset managers to invest in artificial intelligence,” added Colello. “We trust that Nvidia will lay out its case for why it is arranging such partnerships and/or financing certain firms.”
If Nvidia successfully allays those concerns, that could be a catalyst for the stock and the bullish NVDU, potentially providing icing on the cake for what some experts view as an undervalued stock.
“With its 4-star rating, we believe Nvidia stock is moderately undervalued compared with our long-term fair value estimate of $280 per share,” concluded Colello. “Our fair value estimate and Nvidia’s stock price will be driven by its prospects in the data center and AI GPUs, for better or worse. Nvidia’s DC business has achieved exponential growth already, rising from $3 billion in fiscal 2020 to $194 billion in fiscal 2026, and we estimate it will be $361 billion in fiscal 2027, representing 86% annual growth.”
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Nvidia před výsledky zaostává za širším polovodičovým indexem, ale analytici dál čekají silné překonání odhadů a zlepšení výhledu. Stifel má cíl 282 USD, Oppenheimer 265 USD.
Nvidia NVDA shares were down 0.3% at $216.74 in early Thursday trading, extending a period of relative underperformance.
The stock has risen 17% this year through Wednesday's close, well behind the 66% gain in the PHLX Semiconductor Index over the same period.
Nvidia's earnings report next Wednesday could help narrow that gap, with several analysts expecting the chipmaker to beat market expectations for the July quarter and raise its outlook for the current quarter.
Stifel analyst Ruben Roy reiterated a $282 price target on Nvidia in a research note this week.
Roy expects Nvidia to beat consensus expectations of adjusted earnings of $2.09 a share on revenue of $91.96 billion.
His price target is based on a price-to-earnings multiple of 22 times his forecast for Nvidia's fiscal 2028 earnings.
Oppenheimer also reiterated an Outperform rating and $265 price target ahead of next week's earnings report.
The firm expects upside to Nvidia's second-quarter results and third-quarter outlook, driven by Blackwell Ultra.
Its next-generation VR200 is expected to ramp during the current quarter, supporting momentum in the second half of the year.
Oppenheimer projects more than $1 trillion in revenue from GB200, GB300 and VR200 between 2025 and 2027.
The firm said Nvidia continues to maintain a performance-per-watt lead through an annual cadence of AI accelerator introductions.
Oppenheimer also highlighted tokens per minute and cost per token as important measures of AI performance, saying Nvidia remains best in class in training and inference token generation and cost.
The firm's bullish view also rests on Nvidia's full-stack AI platform, which includes GPUs, networking switches, NICs, InfiniBand, Ethernet, NVLink and CUDA.
Analysts at Morningstar also said they are looking for another "beat-and-raise" quarter from Nvidia, pointing to strong capital expenditure trends among hyperscalers and enterprises.
Morningstar has a $280 fair value estimate on Nvidia.
Financing concerns remain in focusNvidia's relative underperformance this year has been driven in part by concerns surrounding AI spending, the company's financing arrangements and increasing competition across the semiconductor industry.
Analysts at Cantor pushed back against concerns that Nvidia is effectively buying revenue through its financial arrangements.
The firm reiterated its Buy rating and said Nvidia's latest agreement is a "clear signal that the current AI investment cycle will be elongated and durable."
"We view this less as circular and more facilitating the coming AI buildout while at the same time creating additional competitive moats that will continue to enable NVDA to remain THE AI leader," the analysts wrote.
Nvidia's substantial cash generation has also allowed it to invest across the AI ecosystem while returning capital to shareholders.
The company said in May that it was increasing its quarterly dividend to 25 cents a share from a penny and announced a new $80 billion stock buyback plan.
Nvidia also pledged "to return roughly 50% of free cash flow to shareholders this year."
Next week's earnings report will provide a key test of Nvidia's ability to convert continued AI infrastructure investment into revenue growth while addressing investor concerns over financing, competition and the sustainability of spending across the sector.
Allied Private Wealth LLC ve druhém čtvrtletí nově nakoupila 22 476 akcií NVIDIA za zhruba 4,588 mil. USD. Podíl tvoří 2,9 % portfolia a je šestou největší pozicí fondu.
Allied Private Wealth LLC acquired a new stake in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,476 shares of the computer hardware maker’s stock, valued at approximately $4,588,000. NVIDIA comprises approximately 2.9% of Allied Private Wealth LLC’s holdings, making the stock its 6th biggest holding.
Several other hedge funds have also recently made changes to their positions in the company. Lifetime Wealth Management P.C. acquired a new position in shares of NVIDIA in the fourth quarter valued at about $26,000. Longview Financial Advisors Inc. acquired a new stake in shares of NVIDIA during the first quarter worth about $27,000. Longfellow Investment Management Co. LLC lifted its holdings in shares of NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after purchasing an additional 67 shares during the period. Phillip James Consulting Co. purchased a new stake in NVIDIA in the first quarter valued at approximately $40,000. Finally, Spurstone Advisory Services LLC purchased a new stake in NVIDIA in the second quarter valued at approximately $40,000. 65.27% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and set a $300.00 price target (up from $275.00) on shares of NVIDIA in a research report on Thursday, May 21st. Bank of America reaffirmed a “buy” rating and issued a $350.00 price objective (up from $320.00) on shares of NVIDIA in a report on Thursday, May 21st. Craig Hallum increased their price objective on shares of NVIDIA from $245.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Tigress Financial reissued a “strong-buy” rating and set a $425.00 target price (up from $360.00) on shares of NVIDIA in a report on Wednesday, May 27th. Finally, Itau BBA Securities decreased their target price on shares of NVIDIA from $256.00 to $218.00 in a research report on Wednesday, June 24th. Three equities research analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $305.94.
View Our Latest Research Report on NVDA
Insider Buying and Selling at NVIDIA
In other NVIDIA news, Director Mark A. Stevens sold 885,000 shares of NVIDIA stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $210.17, for a total value of $186,000,450.00. Following the completion of the transaction, the director owned 5,207,271 shares of the company’s stock, valued at approximately $1,094,412,146.07. The trade was a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen C. Neal sold 15,500 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the completion of the transaction, the director owned 116,135 shares of the company’s stock, valued at approximately $25,053,803.55. This trade represents a 11.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,901,125 shares of company stock valued at $410,583,015. Corporate insiders own 3.94% of the company’s stock.
Key Headlines Impacting NVIDIA
Here are the key news stories impacting NVIDIA this week:
Positive Sentiment: Potential China revenue boost: Reports indicate small shipments of NVIDIA’s H200 processors have reached mainland China, with ByteDance and Tencent reportedly receiving units. However, Beijing may restrict how the chips are used. Nvidia H200 chips reach China in small shipments
Positive Sentiment: Analyst support remains strong: Stifel reaffirmed a Buy rating and a $282 target ahead of NVIDIA’s August 26 earnings report, while Bank of America reportedly sees substantial upside based on the company’s valuation and free-cash-flow potential. Analyst updates Nvidia stock price ahead of earnings
Positive Sentiment: Supply-chain checks support the AI buildout: Stifel pointed to signals from Foxconn and Super Micro as evidence that demand for NVIDIA systems remains healthy heading into the company’s results. NVIDIA is also expanding its role by connecting Nordic GPU customers with available data-center capacity. What Foxconn and Super Micro are telling us about the AI boom
Neutral Sentiment: Mercor investment under consideration: NVIDIA is reportedly discussing an investment in AI data-labeling provider Mercor at a valuation of about $20 billion. The deal could strengthen NVIDIA’s broader AI ecosystem, but its size and terms remain unknown. Nvidia weighs investment in Mercor
Negative Sentiment: China uncertainty remains a key overhang: U.S. efforts to close loopholes allowing Chinese firms to access NVIDIA computing power through overseas data centers could limit sales, while any H200 shipments appear restricted and relatively small. U.S. export controls and Nvidia chips
Negative Sentiment: The earnings bar is high: Investors are looking beyond a routine quarterly beat and want higher forward guidance, sustained data-center growth, strong Blackwell demand, and healthy margins. This creates volatility ahead of the August 26 report. NVIDIA earnings expectations and AI demand
Negative Sentiment: Competition and concentration risks are intensifying: Investors are questioning whether custom chips, rivals such as AMD and Broadcom, and newer AI-chip startups could eventually pressure NVIDIA’s dominant position. Michael Burry discusses competition for Nvidia
NVIDIA Price Performance
Shares of NASDAQ NVDA opened at $217.56 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 2.85. The stock has a market capitalization of $5.26 trillion, a price-to-earnings ratio of 33.32, a PEG ratio of 0.44 and a beta of 2.23. The firm’s 50 day simple moving average is $207.04 and its 200-day simple moving average is $199.23. NVIDIA Corporation has a 12 month low of $164.07 and a 12 month high of $236.54.
NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.11. The firm had revenue of $81.61 billion for the quarter, compared to the consensus estimate of $78.42 billion. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The firm’s quarterly revenue was up 85.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.81 earnings per share. Analysts expect that NVIDIA Corporation will post 8.59 EPS for the current year.
NVIDIA announced that its Board of Directors has approved a stock repurchase plan on Wednesday, May 20th that allows the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization allows the computer hardware maker to repurchase up to 1.5% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.
NVIDIA Company Profile
(Free Report)
NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.
The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.
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Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA – Free Report).
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Nvidia investuje 105 miliard USD do datového centra v Ohiu pro OpenAI, což vyvolává obavy z kruhového financování. Kritici říkají, že tím podporuje poptávku po vlastních čipech.
Nvidia (NVDA -0.99%) has been making some interesting investments lately, a few of which should be concerning for investors, if not outright red flags.
The AI chip giant just announced it was making a $105 billion investment to support the development of an enormous data center in Ohio that will be leased by OpenAI, the company behind ChatGPT.
OpenAI is a major customer of Nvidia, so the deal will presumably help it continue to purchase Nvidia's expensive graphics processing units and systems.
Image source: Getty Images.
Previously, Nvidia invested billions of dollars in Anthropic, which owns the Claude chatbot, and in the cloud-computing firm CoreWeave. It has also partnered with investment firms Apollo and Blackstone to arrange hundreds of billions in financing for new data centers.
Some observers say Nvidia is engaging in what's known as circular financing. That is, it is investing in AI firms and data centers so that those companies will build more AI infrastructure that requires Nvidia's powerful chips. So, in a way, Nvidia is providing financing for other companies to buy its products, and its own revenue is boosted by capital it has deployed.
Circular financing deals took a toll on hardware firms during the dot-com crash The practice is reminiscent of what occurred during the dot-com boom of the late 1990s, when Cisco Systems, which made the networking hardware that was the backbone for much of the internet, arranged similar deals for its customers. That inflated the company's revenue. Other internet firms made similar deals.
When the internet bubble burst, Cisco's share price fell precipitously from a 2000 peak of around $77 to around just $12 in late 2001. Cisco shares didn't recover fully from that loss until 2025.
Of course, the internet infrastructure built during the dot-com bubble proved highly productive for the U.S. economy, and it's likely that the data centers financed by Nvidia will too. But that will be of little consolation to Nvidia's shareholders should the market decide that the company's revenue and profits are not organic, but self-financed.
Also, if Nvidia invests in customers that later fail or can no longer pay for its products, it will lose both those revenue streams and its investments, which would damage its finances.
All that said, Nvidia is an enormously successful company by almost every metric. In its fiscal 2027 first quarter, which ended April 26, its revenue climbed 85% year over year. It more than doubled its annual revenue in fiscal 2025 and fiscal 2024, and grew its top line by 65% in fiscal 2026. Earnings per share soared 215% last quarter and 147% last year.
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The company's chips are so powerful that the U.S. government restricts their sales to companies in certain nations.
So Nvidia looks strong at the moment, but the vendor financing it's increasingly engaging in is something for investors to watch closely.
SpaceX ve 2. čtvrtletí investovala 18,37 miliardy USD do capex, z toho 15,8 miliardy USD šlo na rozšiřování podnikání v oblasti AI. Nejvíc peněz mířilo do GPU Nvidia a nových datových center.
In the second quarter of 2026, SpaceX's (SPCX -2.57%) revenue surged 92% year over year to $7.8 billion, and it narrowed its net loss from $1.01 billion to $541 million. However, its total capex surged more than sixfold year over year, from $2.83 billion to $18.37 billion. It allocated $15.8 billion of that capex to expanding its AI business. Let's see where all that money went.
Image source: Getty Images.
What AI investments did SpaceX make? SpaceX originally operated two main businesses: its Starlink satellite internet services and its rocket launch services. But in Feb. 2026, it acquired xAI -- which owns Grok, X, and its other AI assets -- in an all-stock transaction to form its new AI business. It also acquired the AI start-up Cursor earlier this month. Elon Musk believes its AI revenue will jump from $3.5 billion in 2025 to $700-$750 billion in 2030.
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To sow the seeds for that expansion, SpaceX spent most of its second-quarter capex on Nvidia's (NVDA -0.99%) data center GPUs and other AI accelerators. The rest was used to deploy, acquire, and build more high-power data centers to increase its active capacity from 1.4 GW today to its target of 10 GW by next year.
That would give it a lot more bandwidth to handle its multi-billion-dollar compute hosting contracts with external enterprise clients. However, the expansion of that unprofitable AI business could offset Starlink's profits and keep its bottom line in the red.
Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy.
Nvidia podle zdrojů propojuje firmy s GPU a provozovatele datových center v severských zemích, aby urychlila výstavbu AI infrastruktury. V regionu už vznikají gigawatty kapacity a uzavírají se nové dohody.
Nvidia is playing matchmaker, trying to connect companies with its graphics processing units to data-center operators that have the capacity to deploy them in the Nordics, sources have told CNBC.
While Nvidia has established an effective monopoly over the most powerful AI chips, it has worked to exert greater influence across the AI ecosystem as the race to build infrastructure accelerates. That reach extends through its software stack, relationships with governments and direct investments in other companies.
The chip giant has also sought a role in AI infrastructure deals. Two sources familiar with the matter have told CNBC that Nvidia has offered to introduce companies with data centers in the Nordics, an increasingly sought-after AI infrastructure region, to firms with its GPUs that are in the market for capacity.
The sources asked to remain anonymous when discussing private information.
How Nvidia is playing matchmaker for AI infrastructureTheir accounts add context to remarks by Nvidia Chief Financial Officer Colette Kress, who said in June that Nvidia had "certainly engaged" in "matchmaking" with companies. "How can we help them obtain land, power, shell?" she added. "How do we help them in terms of standing up the compute as fast as possible for what they need to do?"
Gigawatts of data-center capacity are due to be built in the Nordics in the coming years, thanks to access to power and abundant land. Neoclouds and hyperscalers including Nebius and Microsoft have inked deals in the region in 2026.
One source said that Nvidia had reached out to a data-center company, sounding out potential offtakers: customers that commit to buying or leasing computing capacity.
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This is part of what Nvidia sees as its "value proposition to GPU customers," the source said, adding that the chip giant "often" didn't name the companies on whose behalf it was reaching out.
The other source told CNBC that Nvidia had also made introductions between a company building AI infrastructure and those with GPUs in the U.S. and Asia. Nvidia is "helping make sure people who have money and demand for GPUs also have data center space," they added.
Nvidia did not respond to a request for comment from CNBC.
The company typically sells its chips to original equipment manufacturers, or OEMs, which then build them into racks and servers before selling them on. But it often has relationships with the companies buying the end product.
Why the Nordics are attracting AI data centersAccess to power and land attracts builders to the Nordics, while the cooler climate is appealing as data centers need to keep chips from overheating.
Numerous multi-hundred-megawatt facilities have been announced in Finland and Norway in recent months.
Pure DC said in July it would invest 1.5 billion euros ($1.74 billion) to build a 110 MW campus in Finland, with the potential to scale beyond 550 MW. Arcem has plans for a site with up to 500 MW of capacity. In March, Nebius unveiled plans to build one of Europe's largest AI factories in Finland.
In April, Microsoft announced it would take up extra computing capacity at an Nscale site in Norway.
There is currently 2.3 GW of data center capacity queuing for future connections to the power grid, according to Statnett, the Norwegian grid operator.
Oslo, Stockholm and Helsinki are among the top six locations worldwide for future data-center development potential, according to a report this month from real estate company Savills.
"For AI-driven data centre growth, the Nordics offer one of the clearest delivery propositions globally," Rupert Duckworth, associate director, EMEA Data Centre Advisory at Savills, said in the report.
"The region has increasingly become a focus for large-scale, AI-oriented development – with significant new campuses now progressing."
Levnější AI může být pro Nvidia nakonec pozitivní: s rostoucím využitím by mohla dál růst poptávka po GPU a další infrastruktuře. OpenAI snížila ceny některých svých frontier modelů až o 80 %.
For much of the AI boom, investors believed one thing: expensive AI meant booming demand for Nvidia Corp‘s (NASDAQ:NVDA) chips. Now the opposite may be becoming true.
As OpenAI cuts prices, Chinese challengers like DeepSeek and Kimi introduce lower-cost models, and enterprises gain access to cheaper AI than ever before, the economics of artificial intelligence are changing rapidly. While that may sound like bad news for companies building AI models, it could ultimately strengthen the investment case for Nvidia.
The AI Price War Is Driving Costs LowerAI usage has become dramatically cheaper over the past few months.
SoFi Technologies, Inc. (NASDAQ:SOFI) Chief Market Strategist Liz Thomas noted on X that average AI token costs have fallen from $2.07 per million tokens in late May to $1.02, citing OpenAI’s price reductions and the growing availability of lower-cost open-source models from companies including Kimi and DeepSeek.
The broader trend is becoming increasingly difficult to ignore.
OpenAI recently reduced prices for some of its frontier models by as much as 80%, while Anthropic has also introduced lower-cost offerings as competition intensifies. Chinese AI companies, including DeepSeek and Moonshot AI, have further accelerated the industry’s shift toward cheaper inference.
The competition is no longer just about building the smartest model. It’s increasingly about building the most affordable one.
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Cheaper AI Could Mean More Demand for NvidiaAt first glance, falling prices might appear negative for the AI ecosystem. Lower prices usually imply lower revenue per transaction. But technology markets often behave differently.
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Economists call it the Jevons Paradox—the idea that making a resource cheaper and more efficient often increases total consumption rather than reducing it.
Early evidence suggests AI may already be following that pattern. After OpenAI reduced prices for some of its models, usage surged sharply. Business Insider reported that usage of GPT-5.6 Luna increased roughly fourteenfold, while Terra usage rose fivefold, with revenue also increasing despite the lower prices.
For Nvidia, that’s an important distinction.
The company doesn’t earn money from the price customers pay per token. It benefits when AI developers, hyperscalers and enterprises deploy more computing infrastructure to serve growing demand.
If cheaper AI encourages businesses to automate more workflows, launch more AI agents and process more inference requests, the total amount of computing required could continue rising—even if each individual AI query costs less.
The AI Winners May Shift, but Nvidia Still Stands to BenefitThe AI price war is undoubtedly putting pressure on model developers.
OpenAI, Anthropic and others must balance lower pricing with the enormous cost of building and operating frontier AI models. At the same time, open-source alternatives are forcing proprietary model providers to compete more aggressively on both performance and economics.
Hardware companies occupy a different position in that ecosystem.
As long as total AI workloads continue expanding, demand for GPUs, networking equipment and AI infrastructure can grow even if software becomes increasingly commoditized. The Wall Street Journal recently argued that the rise of cheaper open-weight AI models is unlikely to reduce demand for the industry’s “picks and shovels,” because broader adoption ultimately requires more computing capacity.
That doesn’t mean Nvidia is insulated from every competitive threat. Efficiency gains, custom AI chips and evolving model architectures remain important variables.
But falling AI prices alone are not necessarily bearish.
What Nvidia Investors Should Watch NextThe more important metric may no longer be the price of AI, but its usage. If lower costs encourage enterprises to embed AI into more products, automate more workflows and serve millions of additional users, infrastructure demand could continue climbing even as token prices fall.
For Nvidia investors, the next phase of the AI boom may be driven less by increasingly expensive models—and more by making AI affordable enough to be used almost everywhere.
Japonsko vytváří 44členné konsorcium Noetra, které má s podporou Nvidie přenést AI do továren. Vláda na AI pro výrobu a průmysl vyčlenila 6,1 miliardy USD.
Artificial intelligence (AI) is moving beyond just cloud computing for software. It is moving into the real world and onto the factory floor.
One example of this is Nvidia's (NVDA -0.16%) recent partnership in Japan. The country is a leader in advanced manufacturing techniques and wants to maintain its lead in the age of AI and robotics. Japan is creating a 44-company consortium of industrial giants, called Noetra, to bring AI onto the factory floor, powered by Nvidia.
Here's the skinny on Nvidia's deal with Japan, and what it could mean for the stock going forward.
Image source: Nvidia.
Robotics as the next stage of AI development The collection of companies operating under the Noetra umbrella is part of the Japanese government's drive to remain relevant in the age of AI. Specifically, it aims to dominate advanced manufacturing techniques while remaining relatively independent of Chinese- and United States-based AI models.
To spark this growth, the Japanese government is providing $6.1 billion in subsidies for AI across manufacturing and industrial use cases. Nvidia was chosen as the compute backbone for the investment and is providing its advanced GPU clusters to power these innovations.
It is unclear exactly how much the Japanese government and Noetra group will spend on Nvidia chips, but it could be in the tens of billions over many years. Sovereign AI investments are a growing theme in places like Japan, South Korea, and the Middle East, as a way to diversify away from the leading private companies from the U.S. and China. Nvidia has positioned itself to benefit from both use cases.
What does this mean for Nvidia? Japan and its industrial giants are poised to invest billions in AI infrastructure in the years ahead, with Nvidia powering it. While this will not be a negative for the company, it is actually small compared to the overall revenue.
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In the last 12 months, Nvidia's revenue was $253 billion. It had $37.4 billion in revenue from AI cloud and industrial use cases last quarter alone, excluding the traditional hyperscaler cloud computing business. This is up from $21.5 billion in revenue from the same quarter a year prior.
Noetra is a part of this growth segment for Nvidia, but still a small part of it. The big question for Nvidia and its price-to-earnings ratio (P/E) of 35 is whether it can maintain its aggressive growth rate at such a massive scale, not whether Japan decides to subsidize less than $10 billion in AI compute capacity for factories.
Čínští výrobci robotů na konferenci v Pekingu ukázali humanoidy pro třídění zásilek, balení telefonů i domácí práce, aby zdůraznili přechod k reálnému komerčnímu využití. Unitree při burzovním debutu v Šanghaji vyskočila téměř šestinásobně.
Chinese robot makers showed off humanoids sorting parcels, packing mobile phones and helping with household chores at a Beijing conference on Wednesday, seeking to demonstrate a shift from crowd-pleasing displays to broader commercial use.
More than 300 mostly domestic companies are attending the World Robot Conference, which runs through Sunday, displaying over 2,000 exhibits and launching more than 150 products, according to organizers.
The event comes amid a surge of investor interest in humanoids, a potential new source of industrial growth for China and an arena of technological competition with the United States.
Humanoid robots produced by UB Tech sort small parcels at during the 2026 World Robot Conference in Beijing on Wednesday. AFP via Getty Images Shares in Unitree, China’s best-known humanoid robot maker, soared nearly sixfold in their Shanghai trading debut on Wednesday, after Unitree’s initial public offering was more than 8,000 times oversubscribed by retail investors.
Following Unitree’s IPO, startup Lumos Robotics and the robotics division of China’s largest auto exporter Chery Automobile told Reuters they were also considering stock market listings.
Nvidia executive visits Madison Huang, a senior Nvidia executive and daughter of the US chipmaker’s CEO Jensen Huang, made an unannounced visit to the event, watching robots perform flying kicks and dance routines before stopping at a companion-robot booth to ask about its sensors.
Huang, who drew onlookers much as her father has on past visits to Beijing, oversees marketing for Nvidia’s Omniverse and robotics platforms, software used to simulate and test physical AI — systems that can perceive and act in the real world.
Despite geopolitical tensions and US restrictions on exports of Nvidia’s most advanced AI chips to China, her visit highlighted foreign suppliers’ role in China’s push to develop intelligent and autonomous robots for its factories, warehouses and homes.
Madison Huang, a senior Nvidia executive and daughter of CEO Jensen Huang, made an unannounced visit to the event. REUTERS RealSense, a US-based maker of vision systems for robots and one of the few foreign exhibitors at the conference, said it was expanding manufacturing capacity and building sales partnerships in China as the sector develops.
“We see China as a very strategic market for us,” said Mike Nielsen, the company’s chief marketing officer.
“It is becoming the center of humanoid technology.”
A staff member dressed up in a costume poses with VBot robots on a dog leash. REUTERS Robotics an ‘important force’ At the opening ceremony, Xin Guobin, vice minister of industry and information technology, pledged support, saying robotics had become “an important force” in China’s economic and social development, state-backed financial outlet Cailianshe reported.
Robots are increasingly being tested in logistics, manufacturing and service settings, though many deployments remain at the pilot or early commercial stage.
“Our most common application scenarios are in logistics,” said Zhang Dapeng, assistant vice president at industrial humanoid robot firm Leju, as his company showed robots moving and sorting crates and small objects.
Exhibitors watch a robot play table tennis at a booth of Unitree. Shares soared in Unitree’s trading debut. AP Photo/Andy Wong
A robot demonstrates jumping ability. ZUMAPRESS.com Zhang said European factories and Chinese auto plants were using Leju robots to move boxes and load components.
At Robotera’s booth, a humanoid torso on a wheeled tripod base sorted parcels. A company official said the robot had been deployed at China Post logistics sites since last year using Robotera’s AI software.
A sales representative said Robotera had more than 100 parcel-sorting robots in 15 warehouses nationwide.
From demonstrations to deployment Nearby, DexForce demonstrated humanoid robots packing mobile phones into boxes on an assembly line.
The robots have been deployed since early this year at a Lens Technology factory, a Chinese supplier of touchscreens and other components to Apple and Huawei, said DexForce official Nicole Yang.
Yang said the machines had millimeter-level operating accuracy and could detect and correct errors, such as a phone being placed at an angle.
A robot demonstrates its ability to do chores. Xinhua/Shutterstock
People take pictures of Casbot humanoid robots playing the guitar. AFP via Getty Images “In theory, human beings are the most dexterous,” Yang said. “But many workers in factories are unwilling to do this kind of boring work.”
Lumos Robotics is already using robots to automate the assembly of key modules at its factory and plans to introduce them into final assembly, founder and Chief Executive Yu Chao said.
“This year, everyone is more focused on how robots can work in real-world scenarios,” he said.
China is beomcing the “center of humanoid technology,” said one attendee. ZUMAPRESS.com X Square Robot, known for its focus on household chores, is looking to move beyond short home-service trials.
Its longest deployment has lasted one month, and it is testing robots in hundreds of homes this year before gradual commercialisation next year, said co-founder and Chief Executive Yang Qian.
Commercial test Global humanoid shipments rose 272% in the first half of 2026 to about 19,000 units, with Chinese companies accounting for 97% of the total, according to Morgan Stanley, citing Smart Analytics Global data.
But about 65% of shipments still went to entertainment, education, research and data collection rather than productive commercial work, Morgan Stanley said.
A hyper-realistic silicon face for robots is displayed at the Magic Cube Robot booth. REUTERS
Humanoid robots from Unitree fight each other as they perform kickboxing. Getty Images RealSense’s Nielsen said the companies most likely to succeed would be those able to put robots into active production environments, adding that China’s rapid development cycle was pushing suppliers to move more quickly.
“The product cycles for robots are more like six to eight months, not three to four years,” he said.
Gradient Investments LLC raised its position in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 29.5% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 960,223 shares of the computer hardware maker’s stock after acquiring an additional 218,677 shares during the period. NVIDIA makes up 2.7% of Gradient Investments LLC’s investment portfolio, making the stock its 2nd largest holding. Gradient Investments LLC’s holdings in NVIDIA were worth $192,131,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in the company. Diversified Enterprises LLC increased its holdings in shares of NVIDIA by 44.2% in the 4th quarter. Diversified Enterprises LLC now owns 127,604 shares of the computer hardware maker’s stock worth $23,798,000 after acquiring an additional 39,129 shares during the period. Altshuler Shaham Ltd boosted its stake in NVIDIA by 6,451.9% during the 1st quarter. Altshuler Shaham Ltd now owns 637,236 shares of the computer hardware maker’s stock valued at $111,134,000 after purchasing an additional 627,510 shares during the period. ASR Vermogensbeheer N.V. boosted its stake in NVIDIA by 1.8% during the 4th quarter. ASR Vermogensbeheer N.V. now owns 3,169,377 shares of the computer hardware maker’s stock valued at $591,086,000 after purchasing an additional 54,877 shares during the period. Storen Legacy Partners LLC bought a new position in NVIDIA in the 4th quarter worth about $1,350,000. Finally, Weaver Capital Management LLC increased its stake in shares of NVIDIA by 5.5% in the fourth quarter. Weaver Capital Management LLC now owns 85,216 shares of the computer hardware maker’s stock valued at $15,893,000 after purchasing an additional 4,439 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.
Key Stories Impacting NVIDIA Here are the key news stories impacting NVIDIA this week:
Positive Sentiment: Bank of America argued that NVIDIA’s shares offer a compelling valuation relative to free cash flow and could have as much as 55% upside, partly because expanded buybacks may improve shareholder returns. Here’s the case for Nvidia’s stock to climb 55% from here, according to BofA Positive Sentiment: NVIDIA’s agreement to support financing for OpenAI’s Ohio data center could help secure up to 8 gigawatts of future AI-compute capacity. The company is also investing $1.5 billion in SB Energy and is expected to be the campus’s exclusive AI-compute provider, potentially expanding long-term demand for its systems. Nvidia backs financing for OpenAI data center in Ohio Positive Sentiment: Analysts and investors continue to describe NVIDIA as a central “chokepoint” in AI infrastructure. Wall Street’s average price target implies substantial potential upside, while demand for GPUs remains strong even as custom AI chips gain traction. Wall Street Analysts Think Nvidia Could Surge Neutral Sentiment: Investors are focused on NVIDIA’s upcoming earnings and, more importantly, its forward guidance. Strong data-center growth, Blackwell demand, gross margins near 75%, and commentary on next-generation Rubin products will determine whether estimates move higher. Nvidia’s Q2 Preview Negative Sentiment: The Ohio project and NVIDIA’s broader plan to help arrange as much as $500 billion in AI infrastructure financing are raising concerns about circular financing, credit exposure, and whether customers can support the resulting spending. Higher Treasury yields further pressured high-growth technology valuations. Nvidia’s AI moat is shifting from chips to capital Negative Sentiment: Some investors favor Micron because of surging high-bandwidth-memory demand and a lower valuation, while comparisons with AMD and Broadcom highlight intensifying competition from custom AI silicon. NVIDIA’s large Intel investment and divided hedge-fund positioning also add to uncertainty. NVIDIA vs. Micron Insider Activity In other NVIDIA news, Director Stephen C. Neal sold 15,500 shares of the firm’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the completion of the sale, the director directly owned 116,135 shares in the company, valued at approximately $25,053,803.55. This trade represents a 11.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mark A. Stevens sold 885,000 shares of NVIDIA stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $210.17, for a total value of $186,000,450.00. Following the transaction, the director directly owned 5,207,271 shares in the company, valued at approximately $1,094,412,146.07. This trade represents a 14.53% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,901,125 shares of company stock worth $410,583,015. 3.94% of the stock is owned by corporate insiders. Analysts Set New Price Targets Several brokerages have recently issued reports on NVDA. Royal Bank Of Canada set a $280.00 price objective on NVIDIA in a research report on Thursday, May 21st. Wall Street Zen downgraded NVIDIA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of NVIDIA in a research report on Wednesday, July 8th. Daiwa Securities Group increased their price target on NVIDIA from $215.00 to $255.00 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. Finally, DA Davidson reissued a “buy” rating and issued a $300.00 price target on shares of NVIDIA in a research note on Monday, June 1st. Three investment analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of “Buy” and an average price target of $305.94.
Check Out Our Latest Research Report on NVIDIA
NVIDIA Trading Down 2.3% NVIDIA stock opened at $219.74 on Wednesday. NVIDIA Corporation has a 52 week low of $164.07 and a 52 week high of $236.54. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.85 and a current ratio of 3.44. The firm has a market capitalization of $5.32 trillion, a price-to-earnings ratio of 33.65, a P/E/G ratio of 0.44 and a beta of 2.23. The company has a 50 day moving average price of $206.70 and a 200 day moving average price of $199.05.
NVIDIA (NASDAQ:NVDA – Get Free Report) last released its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.11. The company had revenue of $81.61 billion during the quarter, compared to analyst estimates of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The company’s revenue for the quarter was up 85.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.81 earnings per share. Research analysts forecast that NVIDIA Corporation will post 8.79 EPS for the current year.
NVIDIA declared that its Board of Directors has approved a share buyback plan on Wednesday, May 20th that authorizes the company to buyback $80.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to repurchase up to 1.5% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
About NVIDIA (Free Report)
NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.
The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.
Read More Five stocks we like better than NVIDIA The AI Boom Is Turning This Cable Maker Into a Stock to Watch A Star Investor Just Trimmed Amazon—Here’s What It means Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look Home Depot Analysts See a Path to $375 and Beyond Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA – Free Report).
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Cardano Risk Management B.V. cut its position in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 4.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,715,089 shares of the computer hardware maker’s stock after selling 359,349 shares during the period. NVIDIA makes up about 11.9% of Cardano Risk Management B.V.’s portfolio, making the stock its biggest holding. Cardano Risk Management B.V.’s holdings in NVIDIA were worth $1,543,712,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in NVDA. Lifetime Wealth Management P.C. bought a new stake in NVIDIA in the fourth quarter worth $26,000. Longview Financial Advisors Inc. purchased a new position in shares of NVIDIA in the 1st quarter worth $27,000. Longfellow Investment Management Co. LLC grew its stake in shares of NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after buying an additional 67 shares in the last quarter. Phillip James Consulting Co. bought a new stake in shares of NVIDIA in the 1st quarter worth about $40,000. Finally, Spurstone Advisory Services LLC bought a new stake in shares of NVIDIA in the 2nd quarter worth about $40,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.
Insider Transactions at NVIDIA In other NVIDIA news, Director Stephen C. Neal sold 15,500 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total value of $3,343,815.00. Following the completion of the sale, the director directly owned 116,135 shares of the company’s stock, valued at $25,053,803.55. The trade was a 11.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John Dabiri sold 625 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $214.00, for a total transaction of $133,750.00. Following the completion of the transaction, the director owned 14,163 shares in the company, valued at $3,030,882. This represents a 4.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 1,901,125 shares of company stock worth $410,583,015. Insiders own 3.94% of the company’s stock.
NVIDIA News Summary Here are the key news stories impacting NVIDIA this week: Positive Sentiment: Bank of America argued that NVIDIA’s shares offer a compelling valuation relative to free cash flow and could have as much as 55% upside, partly because expanded buybacks may improve shareholder returns. Here’s the case for Nvidia’s stock to climb 55% from here, according to BofA Positive Sentiment: NVIDIA’s agreement to support financing for OpenAI’s Ohio data center could help secure up to 8 gigawatts of future AI-compute capacity. The company is also investing $1.5 billion in SB Energy and is expected to be the campus’s exclusive AI-compute provider, potentially expanding long-term demand for its systems. Nvidia backs financing for OpenAI data center in Ohio Positive Sentiment: Analysts and investors continue to describe NVIDIA as a central “chokepoint” in AI infrastructure. Wall Street’s average price target implies substantial potential upside, while demand for GPUs remains strong even as custom AI chips gain traction. Wall Street Analysts Think Nvidia Could Surge Neutral Sentiment: Investors are focused on NVIDIA’s upcoming earnings and, more importantly, its forward guidance. Strong data-center growth, Blackwell demand, gross margins near 75%, and commentary on next-generation Rubin products will determine whether estimates move higher. Nvidia’s Q2 Preview Negative Sentiment: The Ohio project and NVIDIA’s broader plan to help arrange as much as $500 billion in AI infrastructure financing are raising concerns about circular financing, credit exposure, and whether customers can support the resulting spending. Higher Treasury yields further pressured high-growth technology valuations. Nvidia’s AI moat is shifting from chips to capital Negative Sentiment: Some investors favor Micron because of surging high-bandwidth-memory demand and a lower valuation, while comparisons with AMD and Broadcom highlight intensifying competition from custom AI silicon. NVIDIA’s large Intel investment and divided hedge-fund positioning also add to uncertainty. NVIDIA vs. Micron Wall Street Analyst Weigh In A number of research analysts recently commented on NVDA shares. William Blair reaffirmed an “outperform” rating on shares of NVIDIA in a report on Tuesday, June 2nd. Morgan Stanley restated an “overweight” rating on shares of NVIDIA in a research report on Tuesday, August 11th. Sanford C. Bernstein reaffirmed a “buy” rating on shares of NVIDIA in a research note on Monday, June 29th. Argus lifted their target price on NVIDIA from $220.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, Robert W. Baird set a $500.00 target price on NVIDIA and gave the company an “outperform” rating in a research report on Thursday, May 21st. Three research analysts have rated the stock with a Strong Buy rating, forty-nine have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, NVIDIA presently has an average rating of “Buy” and a consensus price target of $305.94.
View Our Latest Report on NVDA
NVIDIA Price Performance Shares of NVDA stock opened at $219.74 on Wednesday. The stock has a 50 day moving average price of $206.70 and a 200 day moving average price of $199.05. NVIDIA Corporation has a 52-week low of $164.07 and a 52-week high of $236.54. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.85 and a current ratio of 3.44. The firm has a market capitalization of $5.32 trillion, a P/E ratio of 33.65, a P/E/G ratio of 0.44 and a beta of 2.23.
NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, beating the consensus estimate of $1.76 by $0.11. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The company had revenue of $81.61 billion for the quarter, compared to the consensus estimate of $78.42 billion. During the same quarter in the prior year, the company posted $0.81 EPS. NVIDIA’s quarterly revenue was up 85.2% on a year-over-year basis. As a group, sell-side analysts predict that NVIDIA Corporation will post 8.79 earnings per share for the current year.
NVIDIA announced that its board has authorized a share buyback program on Wednesday, May 20th that allows the company to repurchase $80.00 billion in shares. This repurchase authorization allows the computer hardware maker to repurchase up to 1.5% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.
NVIDIA Profile (Free Report)
NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.
The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.
Recommended Stories Five stocks we like better than NVIDIA The AI Boom Is Turning This Cable Maker Into a Stock to Watch A Star Investor Just Trimmed Amazon—Here’s What It means Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look Home Depot Analysts See a Path to $375 and Beyond Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA – Free Report).
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USA chtějí zacelit mezeru, která čínským firmám umožňuje vzdáleně využívat výpočetní výkon nejpokročilejších čipů Nvidia prostřednictvím datových center v Asii. Navrhovaný zákon RASA by rozšířil exportní kontroly i na vzdálený cloudový přístup.
Nvidia's effective monopoly over the most powerful chips has made U.S. export controls a key tool in Washington's effort to preserve its advantage over China in the AI race.
But despite U.S. restrictions on exporting the company's most advanced semiconductors, including GB300s, several Chinese firms have reportedly been able to access the chips' compute power via data centers in Southeast Asia.
Less than a week after Moonshot AI released a new model in July, White House official Michael Kratsios accused the company of using Nvidia's GB300 chips via a facility in Thailand.
Moonshot's Kimi K3 is one of a wave of new Chinese AI models that have made leaps in performance in recent months, as the race for AI supremacy between Washington and Beijing intensifies. DeepSeek and Alibaba have also recently released new AI systems that have scored well on performance benchmarks.
Industry watchers say access to advanced compute via overseas cloud providers is a key factor in Chinese AI models gaining capability. U.S. legislation is being discussed to plug this loophole, but hurdles remain before it can have an impact.
How Chinese firms access Nvidia computing power overseasNvidia's most advanced AI chips are under export restrictions to China, though some less capable semiconductors are allowed to be shipped to the country.
Cassia King, senior researcher on the Compute Policy team at the Institute for AI Policy and Strategy, told CNBC that Moonshot's reported access to compute through a Thai facility was legal "so long as Moonshot isn't actually buying and owning the physical hardware directly."
She said the U.S. export control regime "controls physical AI chips. It does not cover remote access to those chips."
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When asked about Chinese firms accessing Nvidia compute overseas to train AI models, a White House official told CNBC: "The Trump administration has implemented the most rigorous export control regime in modern history, and remains committed to safeguarding America's national and economic security."
The U.S. Department of Commerce and Bureau of Industry and Security (BIS) did not respond to a request for comment.
Chinese hyperscalers including ByteDance, Alibaba and Tencent have reportedly accessed compute power from Nvidia chips remotely via other Asian nations, including Thailand, Malaysia and Japan. ByteDance and Tencent did not respond to a request for comment. Alibaba declined to comment.
ByteDance was working with Singapore-headquartered Aolani, a cloud provider with Nvidia chips, to access compute in Malaysia, according to a source familiar with the matter, who asked to remain anonymous when discussing private information. The Wall Street Journal first reported the arrangement in March.
Aolani told CNBC it worked "with a global and diversified customer base spanning customers from North America and Asia."
"The companies we service do not have ownership, potential future claim or physical access to the chips that power our solutions," the spokesperson added. "Any permitted access to our services, infrastructure or technology is fully compliant with all applicable regulations."
AI infrastructure buildouts in Southeast Asia are booming as companies look to tap the growing market for advanced compute.
Real estate company JLL estimates that global data center capacity could roughly double to 200GW by 2030.
There are 31 planned 100MW+ data centers across Malaysia, Indonesia and Thailand, compared to just two today, according to data compiled by DC Byte.
What the Remote Access Security Act would changeMichelle Nie, a visiting fellow in technology and national security at think tank Center for a New American Security, told CNBC that loophole was "threatening U.S. national security."
"The point of chip export controls is to deny China the ability to train frontier AI using advanced U.S. chips," she added.
A proposed piece of legislation, the Remote Access Security Act (RASA), seeks to expand U.S. export controls to include the remote cloud-based access of critical hardware and software. It passed the House of Representatives in January but has yet to pass the Senate.
It faces potential industry pushback, Nie said, adding: "Cloud providers would bear the compliance burden of any KYC and customer verification requirements mandated by the bill."
The passing of RASA alone wouldn't solve the problem, Nie added, saying it would give the U.S. government "the authority to regulate remote access," but it "would still need to create a rule to export-control remote access to advanced chips."
The Bureau of Industry and Security (BIS) could push through a rule quickly, possibly in a "matter of days" with White House support, said King.
"The challenge will be in making a rule that's effective and enforceable," she added. "Policymakers will need to decide what compute is covered, who should be prohibited from remotely accessing the compute, and how to implement a robust know-your-customer scheme."
Philippe Laffont z Coatue Management prodal akcie společnosti Nvidia už ve 12 z posledních 13 čtvrtletí. Podíl fondu ve společnosti Nvidia od 31. března 2023 snížil zhruba o 88 %.
August is home to two of the most important data releases of the quarter: Nvidia's (NVDA -2.34%) operating results (scheduled for Aug. 26) and Form 13F filings by institutional investors with at least $100 million in assets under management. A 13F offers a snapshot of the stocks that Wall Street's leading money managers purchased and sold in the latest quarter.
Friday, Aug. 14, marked the deadline for fund managers to file Form 13Fs detailing their second-quarter trading activity. It also gives investors a firsthand look at the trends captivating the attention of billionaire investors, such as Coatue Management's Philippe Laffont.
The second quarter was a busy one for Laffont, with nine new holdings, eight existing stakes added to, five positions exited, and 22 holdings reduced. But among these more than three dozen chess moves, one consistency stands out: Laffont was, yet again, a seller of Nvidia stock.
Image source: Getty Images.
Coatue Management's billionaire boss has been a persistent seller of Nvidia stock Despite Nvidia's graphics processing units (GPUs) absolutely dominating in artificial intelligence (AI)-accelerated data centers, Laffont has been reducing his exposure to the face of the AI revolution in all but one of the last 13 quarters (share counts adjusted for Nvidia's 10-for-1 forward split in June 2024):
Q1 2023: 49,802,020 shares held Q2 2023: 46,449,700 shares (-3,352,320) Q3 2023: 45,410,400 shares (-1,039,300) Q4 2023: 43,222,010 shares (-2,188,390) Q1 2024: 13,851,410 shares (-29,370,600) Q2 2024: 13,754,447 shares (-96,963) Q3 2024: 10,138,161 shares (-3,616,286) Q4 2024: 10,006,488 shares (-131,673) Q1 2025: 8,545,835 shares (-1,460,653) Q2 2025: 11,488,529 shares (+2,942,694) Q3 2025: 9,870,743 shares (-1.617,786) Q4 2025: 9,203,337 shares (-667,405) Q1 2026: 6,331,620 shares (-2,871,718) Q2 2026: 6,055,197 shares (-276,423) Collectively, Coatue Management's billionaire boss has slashed his fund's stake in Nvidia by roughly 88% since March 31, 2023. It begs the question: What does Philippe Laffont know that Wall Street doesn't?
Image source: Nvidia.
There's likely more than just profit-taking behind this selling One of the more obvious reasons for this ongoing selling activity is profit-taking. Since Laffont's Nvidia stake peaked in the first quarter of 2023, shares of the company have jumped tenfold. But there's likely more to this selling than just ringing the register.
For example, competition is expected to ramp up. Although Nvidia's GPUs are superior on a compute basis, the company's biggest threat may come from within.
Several of Nvidia's top customers by net sales are developing AI chips for their own data centers. While these in-house AI chips aren't an external threat to Nvidia, they're notably cheaper and more readily accessible than Nvidia's hardware. In other words, they can take up valuable data center real estate and minimize the GPU shortage that's helped fuel Nvidia's pricing power.
-- Geiger Capital (@Geiger_Capital) May 8, 2026 Furthermore, history shows that every game-changing technology dating back more than 30 years has navigated an early stage bubble-bursting event. Investors consistently overestimate the pace of adoption and optimization of hyped technologies, and nothing suggests that AI will be the exception to this unwritten rule.
Things need to go perfectly for Nvidia to maintain its $5.45 trillion valuation. However, the ramp-up of every game-changing technology has been filled with proverbial speed bumps and potholes.
Sean Williams has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy.
Small batches of Nvidia's (NVDA.O) H200 chips, one of the company's most powerful AI chips, have been allowed to enter mainland China, the Financial Times reported on Tuesday, citing two people with knowledge of the matter.
ByteDance and Tencent (0700.HK) have each received about 10,000 H200 processors in recent weeks, while a few other Chinese technology firms could soon secure similar shipments, the report said.
Although the U.S. has cleared the companies to purchase up to 100,000 H200 chips each, Beijing wants them to keep the hardware outside mainland China to support the growth of domestic chipmakers, according to the FT report.
The report added that Chinese regulators have told companies they can ship the processors to Hong Kong, which operates outside mainland China's customs border, and use them there.
Last month, a top U.S. official told Congress that a small number of Nvidia H200 chips had been shipped to China.
Reuters could not immediately verify the report. Nvidia did not immediately respond to a Reuters request for comment.
Michael Burry označil Etched za „vážnou konkurenci“ pro NVDA. Startup přitom získává bývalé inženýry Nvidie a jeho čip Sohu je určen pro transformerové AI modely.
Nvidia Corp.’s (NASDAQ:NVDA) most famous skeptic just handed the chip giant a new rival to worry about.
Michael Burry declared on Tuesday that “This is serious competition for NVDA,” pointing to a Wall Street Journal report on Etched — a startup that has spent the past two years quietly stocking its engineering ranks with Nvidia’s own talent.
NVDA stock is moving. See the chart and price action here. According to the report, Etched said it took just 44 days after getting test chips back from Taiwan Semiconductor Manufacturing to have them running inference workloads. The process typically takes six months or longer, the report said.
Central to that speed is Brian Loiler, who spent 22 years at Nvidia building its HGX and DGX server systems before Etched recruited him in 2024 as VP of Platform, according to the company.
Since joining, Loiler has helped pull roughly a dozen more engineers away from Nvidia — some of whom turned down richer counteroffers to stay, the Journal reported. Nvidia alumni now make up about 15% of Etched’s roughly 400-person workforce, per the report.
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A Chip Built for One JobEtched’s flagship product, a chip called Sohu, is designed exclusively to run transformer-based AI models — the architecture behind large language models like ChatGPT — rather than functioning as a general-purpose GPU the way Nvidia’s chips do, CNBC reported when the company first emerged.
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The startup raised a $120 million Series A in 2024 with backing from Peter Thiel and Replit CEO Amjad Masad, Reuters reported at the time. Etched closed a $300 million Series C in July that pushed its valuation to $10.3 billion, led by Sequoia with participation from Andreessen Horowitz, Jane Street, Diffusion and SK Hynix (NASDAQ:SKHY).
The Bottom LineBurry’s been hammering the same point for months: Nvidia’s grip on AI chips isn’t as unshakable as Wall Street thinks. Etched just gave him a fresh talking point — a two-year-old startup that built its bench almost entirely out of Nvidia’s own engineers.
NVDA Stock Price Activity: Nvidia stock was down 2.24% at $219.97 at the time of publication Tuesday, according to Benzinga Pro.
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Image created using artificial intelligence via MidJourney.
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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There is something unusual happening with NVIDIA Corp. (NASDAQ:NVDA): the company at the center of the artificial intelligence boom is now financing parts of the boom itself.
Nvidia has committed roughly $300 billion to AI ecosystem partners through equity investments, financing guarantees and other backstops.
• NVIDIA stock is trending lower. Why is NVDA stock trading lower?
That sounds alarming until you compare it with the cash Nvidia is expected to generate.
Bank of America analyst Vivek Arya estimates the company could produce about $470 billion in free cash flow over calendar 2026 and 2027.
That creates the central question for investors: Is Nvidia taking too much financial risk, or is Wall Street underestimating the value of controlling the entire AI ecosystem?
Bank of America thinks it is the latter.
The bank’s 12-month price target on Nvidia sits at $350, implying a 55% upside from Monday’s close.
Nvidia Is No Longer Just Selling ChipsThe market still largely views Nvidia as the dominant supplier of AI processors.
But its strategy is becoming much broader.
Nvidia is helping secure chips, data center land, electricity and the physical infrastructure needed to deploy them. This is particularly important for frontier AI companies whose balance sheets cannot support their explosive growth.
"NVDA is committed to the transformational nature of AI and to securing every input — chip supply, land, power, shell — especially for disruptive, non-investment-grade customers such as frontier labs and neo-clouds," Bank of America said.
That strategy carries an obvious risk.
If AI demand slows, Nvidia could face pressure not only on revenue growth, but also on investments tied to customers and infrastructure projects.
Yet there is another side to the equation.
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The $300 Billion Number Looks Worse Than It IsBank of America estimates that roughly $70 billion of Nvidia’s commitments are direct equity investments.
Another $230 billion consists of residual-value guarantees or financing backstops. These are not equivalent to Nvidia simply handing customers $230 billion in cash.
The distinction matters.
For the recently announced Ohio data center, Nvidia is backing up to $105 billion of financing for infrastructure leased by OpenAI.
Bank of America estimates that the initial 4.25-gigawatt site could represent roughly 1.5 million GPUs and generate $75 billion–$100 billion of free cash flow for Nvidia over the relevant product cycle.
The guarantee is capped at $105 billion.
That means the potential cash generation from the project could approach the size of the guarantee before considering future upgrades.
"GPU is fungible, protects residual value," BofA said.
In plain English, Nvidia’s chips can potentially be moved to another customer if a project fails.
That makes the financing risk different from a traditional corporate loan.
Wall Street May Be Pricing Nvidia Like a Riskier CompanyThis is where Bank of America’s valuation argument becomes striking.
Nvidia trades at about 18 times estimated calendar 2027 free cash flow and 15 times estimated calendar 2028 free cash flow.
The average for comparable AI semiconductor companies is roughly 38 times and 25 times, respectively.
Bank of America believes investors are effectively applying a heavy discount because Nvidia is using part of its cash to finance the ecosystem.
But even after applying a 50% haircut to that investment-related cash flow, the firm estimates Nvidia could be worth 50% more in calendar 2027 and 34% more in calendar 2028 under its conceptual valuation framework.
The Lever Management Could PullArya’s suggested remedy is not a product. It is buybacks.
Nvidia currently returns 50% of its free cash flow to shareholders; peers return 75% to 100%.
Raising that share, the note said, may be the most forceful answer to the earnings-quality concerns weighing on the multiple.
Bank of America reiterated Buy with a $350 price objective, built on 26 times its 2027 earnings estimate excluding cash.
Where The Street Already Sits on NVDAAccording to Benzinga analyst ratings, Nvidia holds a consensus Buy rating and an average price target of $312.81, about 37% above Monday’s $227.72.
Nvidia reports second-quarter results Aug. 26, and Bank of America expects revenue of $94 billion to $95 billion against a $91 billion guide.
GF Securities zvýšila cílovou cenu Nvidia na 345 USD z 308 USD a ponechala doporučení Buy před zveřejněním výsledků. Jeff Pu vidí silnou poptávku po platformě Vera Rubin.
received a higher price target from GF Securities as the chipmaker prepares to report quarterly results, with analyst Jeff Pu maintaining a Buy rating and pointing to demand for its next-generation Vera Rubin platform.
Pu lifted his target to $345 from $308. He expects new orders and Nvidia's system design approach to support the product cycle, with additional demand potentially coming from cloud providers and newer AI infrastructure companies.
The analyst also sees Nvidia gaining ground against custom accelerator chips and rival platforms. Microsoft
MSFT +0.36% 96
, Amazon
AMZN +0.04% 93
, Alphabet's Google
GOOG +0.04% 96
, and Oracle
ORCL -1.57% 90
have increased demand for Vera Rubin, according to the note.
Pu said Nvidia could also benefit from higher activity at Anthropic and broader interest in open-weight AI models. The company is scheduled to release fiscal second-quarter results on Aug. 26.
Nvidia je na cestě překonat výkonnost indexu S&P 500 už čtvrtý rok po sobě. Současně podepsala memoranda o porozumění s BlackRock, Blackstone, KKR, Apollo Global Management, Brookfield a Goldman Sachs o financování AI infrastruktury v objemu 500 miliard USD.
Since the start of 2023, Nvidia (NVDA -2.32%) has given its shareholders a staggering 1,440% total return compared to a 113.2% total return for the S&P 500 (^GSPC -0.53%). As of market close on Aug. 14, Nvidia was the best-performing "Magnificent Seven" stock year to date and the only one outperforming the Nasdaq-100 -- putting the chipmaker on track to beat the S&P 500 for the fourth straight year.
Here's what investors need to know about Nvidia's latest collaboration with major financial institutions, the risks involved, and why the deals could help Nvidia remain a long-term compounder for years to come.
Image source: Nvidia.
Underwriting AI infrastructure Nvidia is now so massive that it takes considerable earnings growth to move the needle -- specifically from its data center segment, which made up 92% of revenue in the first quarter of its fiscal 2027. It is heavily reliant on a handful of customers -- such as hyperscalers and the leading developers of artificial intelligence (AI) models -- to drive its earnings growth. That concentration is a double-edged sword. It is benefiting Nvidia right now because its key customers' AI capital expenditures continue to climb. But its results could take a significant hit even if one or two of those customers pull back on spending.
To broaden its customer base, Nvidia signed memorandums of understanding with BlackRock, Blackstone, KKR, Apollo Global Management, Brookfield, and Goldman Sachs to pull together $500 billion in long-term capital to fund the build-out of AI infrastructure. In an Aug. 10 interview on CNBC, Nvidia founder and CEO Jensen Huang estimated that each gigawatt (GW) of AI compute will cost between $50 billion and $60 billion, meaning the consortium is supporting the build-out of 10 GW of AI compute on the high end.
It remains to be seen whether the memorandums of understanding will translate into real deals and how the money will be raised. But in the CNBC interview, the group of financial partners signaled ample demand in both public and private markets.
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The securitization of AI computing At first glance, $500 billion in AI capital investment appears to be a massive win for Nvidia. The GPU leader won't bear the credit risk of the investment; the financial institutions will. The plan is to securitize AI infrastructure assets, much like how pools of mortgage loans are securitized into mortgage-backed securities. Since the assets all fall under Nvidia's ecosystem, the company's track record and brand power reinforce the credibility of the loans.
The deal essentially places AI infrastructure in the same category as other critical assets, such as electrical transmission lines, bridges, and roads. Financial institutions will raise the capital to turn Nvidia's compute and full-stack AI infrastructure into an investable asset class, owned by public and private investors. Then, that compute can be sold to AI labs, AI start-ups, AI clouds, and other enterprises that need compute.
Of course, selling that compute means little if the customers' cash flows dry up. But Nvidia is confident in the profitability pathway for its existing and potential customers. Jensen Huang said the following in the Aug. 10 interview with CNBC:
I believe within months you're going to realize that these companies are extremely profitable. These are the fastest-growing technology companies in history, and the tokens they're generating are incredibly profitable.
Tokens are basic units of text and data that AI models process. Nvidia prides itself on producing hardware that processes tokens as quickly and cost-effectively as possible. Huang stressed that every company and industry will be impacted by the digitalization of intelligence through AI and that the system architecture of the AI compute deal is flexible. Meaning that if one customer needed to scale back their commitments, it would be easy for a new customer to step in -- regardless of the model -- and use that compute in a similar vein as electricity on the grid that can be used interchangeably.
The fungibility of Nvidia's AI compute is arguably the strongest competitive advantage of the deal.
"There will always be a customer for that computing platform," said Huang during the Aug. 10 CNBC interview. "And the reason for that is because, as you know, Nvidia's architecture is fairly universally adopted. It runs every AI model."
Nvidia has plenty of room to run Some investors may view the $500 billion AI financing news as a red flag because it resembles the kind of financial engineering that transformed a housing slowdown into a nationwide financial crisis in 2008. If public and private investors own securities tied to Nvidia AI infrastructure and demand for that infrastructure craters, those securities would lose value -- amplifying the impact of an AI slowdown.
There are plenty of unanswered questions around the structure of the financing deal. But I think the idea is absolutely brilliant for Nvidia.
If you've tuned in to Nvidia's major conferences (like GTC) or its recent earnings calls, you may have noticed an ongoing theme: Nvidia wants to expand beyond one-time hardware sales.
Nvidia is evolving into a product and service ecosystem rather than just a chip business. Its latest Vera Rubin rack-scale high-performance computing platform features GPUs, central processing units, and associated networking and interconnects. Its CUDA software stack is co-designed to work with Vera Rubin. The $500 billion deal helps solidify Nvidia as the most commonly used ecosystem for AI compute customers, which will depend on it to process tokens in the age of AI infrastructure. Token demand will increase in lockstep with the use of generative AI, AI agents, and physical AI (like self-driving cars and robotics) -- in turn benefiting Nvidia through an inferencing-as-a-service revenue stream.
The biggest risk to Nvidia's investment case is how it would endure a slowdown in spending on data center computing. And the best way to address that risk is for Nvidia to get more and more customers involved in its ecosystem, so they depend on its services and upgrade to its latest hardware when the cycle calls for it. It's basically the enterprise-scale version of what Apple does with its consumer electronics products and associated services -- like iCloud, Apple TV, and Apple Music.
Trading now at just 34.5 times earnings and 25.1 times forward earnings, Nvidia remains one of the best AI stocks for long-term investors to buy as the company continues to diversify its revenue streams beyond hyperscale hardware spending.
Akcie NVDA v úterý ráno klesly asi o 2 %, protože vyšší výnosy amerických státních dluhopisů tlačily na čipy i širší trh. BofA přesto drží doporučení na Buy a cíl 350 USD.
Buy NVDA. The selloff is driven by higher Treasury yields and a broad chip pullback, not a break in Nvidia’s AI demand. BofA’s view is that Nvidia’s frontier-AI commitments (supply, land, power, infrastructure) and GPU rental/compute scarcity keep growth durable, and the valuation gap vs its own FCF multiples supports buying weakness ahead of Aug 26.
Key Risk: AI capex slows faster than Nvidia’s commitments can be monetized, cutting rental rates and free-cash-flow growth.
Semis basket buy (memory/CPU laggards)
Buy the iShares Semiconductor ETF (SOXX) or VanEck Semiconductor ETF (SMH) selectively, using the broad weakness (WDC, Sandisk, Marvell, Seagate down 6–7%) as entry. If yields stabilize, the market’s “risk-off” move should mean-revert across semis, and Nvidia’s rebound narrative can pull the whole group higher.
Key Risk: Yields keep rising and the macro hit spreads into a sustained earnings downgrade cycle for semis.
Nvidia shares NVDA fell around 2% in early Tuesday trading as higher Treasury yields pressured semiconductor stocks and weighed on the broader market.
The decline came alongside a wider pullback across chip stocks.
Western Digital fell almost 7%, while Sandisk dropped more than 6%. Marvell Technology and Seagate Technology also fell more than 6%.
The S&P 500 declined 0.5%, while the Nasdaq Composite fell 1.1%. The Dow Jones Industrial Average was down 191 points, or 0.4%.
The 30-year Treasury yield climbed more than 1 basis point to 5.323%, after reaching its highest level since June 2007 on Monday.
Yields have risen as investors remain concerned about persistent inflation and elevated oil prices.
US crude rose on Monday and gained another 0.9% Tuesday to trade above $85 a barrel as negotiations between the US and Iran stalled.
Nvidia's Tuesday decline comes after a strong rebound in recent weeks.
Shares closed around $225 on Monday for a second consecutive session, a level not seen since mid-May.
The stock's recent advance has pushed its year-to-date gain above 16%, compared with gains of about 15% for the Nasdaq Composite and 13% for the S&P 500.
From the recent market bottom on July 29, Nvidia shares have gained about 15%, compared with a 1.5% advance for the iShares Semiconductor ETF and an almost 2% gain for the VanEck Semiconductor ETF.
Nvidia had trailed those semiconductor baskets for much of the year as investors shifted toward memory and CPU stocks and renewed questions emerged over the sustainability of the company's growth.
The recent rebound has coincided with a broader recovery in the AI infrastructure trade.
Nvidia's increased financial support for key customers is also looking less risky than initially feared, while a new financing initiative could make funding the broader AI buildout more attainable.
New details on revenue growth at OpenAI and Anthropic, both major Nvidia chip customers, have also supported expectations that the companies can continue spending on compute.
Nvidia is scheduled to report its fiscal 2027 second-quarter results on August 26.
BofA maintains bullish view on Nvidia stockBofA Securities reiterated its Buy rating and $350 price target on Nvidia following the company's $105 billion in commitments related to OpenAI.
BofA said after discussions with Nvidia senior management that the chipmaker remains committed to securing chip supply, land, power and infrastructure for frontier AI labs and so-called neo-clouds.
According to BofA, the strategy is intended to diversify Nvidia's customer base beyond public hyperscalers that are increasingly developing their own custom chips.
BofA cited solid GPU rental rates, compute scarcity and Nvidia's free cash flow generation as factors supporting the company's commitments.
The firm also highlighted risks if AI demand slows, which could pressure Nvidia's growth rate and balance sheet.
BofA expects Nvidia to provide more disclosure around its off-balance-sheet commitments when it reports earnings on August 26.
BofA said Nvidia trades at 18 times and 15 times calendar 2027 and 2028 enterprise value to free cash flow, respectively, compared with its blended valuation multiples of 36 times and 22.5 times.
The firm views that valuation gap as a compelling opportunity while maintaining its $350 price target.
Nvidia chce, aby zákazníci kupovali nové AI systémy, ale zároveň dál využívali starší hardware, který podle firmy zůstává produktivní a ekonomicky hodnotný. Hlavní roli v tom má software CUDA.
For years, NVIDIA Corp‘s (NASDAQ:NVDA) AI playbook was simple: build a faster GPU, convince customers to upgrade and repeat.
Now, the chipmaker is advancing a more nuanced message — that customers should embrace its newest AI systems while recognizing that older Nvidia hardware can remain productive, profitable and economically valuable for years.
• NVIDIA shares are under pressure. What’s driving NVDA stock lower?
Nvidia Is Rewriting the AI Upgrade CycleThe shift comes as Nvidia pushes its next-generation Vera Rubin systems while simultaneously making the case that previous generations still have a long runway.
CEO Jensen Huang recently wrote on X:
“The mighty A100 fleet are mission-capable from 2020 through 2029. NVIDIA computing is more than chips. CUDA gives developers and NVIDIA engineers a common platform to continually upgrade Ampere, Hopper and Blackwell throughout their useful lives.”
He continued:
“CUDA makes NVIDIA computing versatile. Versatility makes it fungible. Fungibility drives utilization and extends durability, making NVIDIA compute a productive asset: rentable, durable and financeable.”
That messaging marks a subtle but important evolution. Nvidia is no longer selling only the performance gains of its newest GPUs — it is increasingly emphasizing the long-term economic value of its installed base.
Why Older Nvidia Chips Suddenly Matter MoreThe broader strategy was highlighted in a recent report by The Information, which noted that Nvidia is trying to accomplish two seemingly conflicting goals: persuade customers to buy its latest AI chips while assuring them that older hardware will continue holding value for years.
At first glance, those objectives appear difficult to reconcile. Faster release cycles encourage more frequent upgrades, while longer useful lives could reduce the urgency to replace existing systems.
But the tension makes more sense in today’s AI market.
Demand for AI computing infrastructure continues to outstrip supply, meaning customers often value access to GPUs — whether they’re the latest Blackwell systems or older Ampere-based hardware. As AI adoption expands beyond hyperscalers and frontier model developers, more cost-conscious enterprises may also find older GPUs sufficient for many inference and production workloads.
That’s an inference based on Nvidia’s messaging and industry dynamics. Nvidia itself has focused on the versatility of its software platform and the durability of its hardware rather than suggesting customers should delay upgrades.
Read Next
CUDA Is Becoming Nvidia’s Competitive AdvantageThe common thread across Nvidia’s messaging isn’t the chip itself — it’s CUDA (compute unified device architecture).
Huang argues that software continuously improves the performance and efficiency of deployed hardware, allowing AI infrastructure to become more valuable over time rather than steadily depreciating.
In a recent essay, he wrote that AI factories possess the characteristics of an investable infrastructure asset because they “produce revenue, serve a broad market, improve in performance over time and can be redeployed.”
That represents a meaningful shift in how Nvidia is positioning its business. Instead of framing GPUs as rapidly aging technology, the company is increasingly describing AI compute as long-lived infrastructure capable of generating returns throughout its useful life.
What Nvidia Investors Should Watch NextNvidia’s messaging doesn’t signal an end to annual product cycles or demand for its latest AI systems. Large cloud providers and frontier AI labs are still expected to pursue the company’s most advanced hardware as performance remains a competitive advantage.
The bigger question is whether Nvidia can successfully convince a broader enterprise market that older GPUs still have economic value while continuing to persuade its largest customers to upgrade every generation.
If it can, Nvidia may have found a way to expand AI adoption without undermining the premium pricing of its newest chips.
Read Next
Image via Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
First Heartland Consultants Inc. trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 4.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,254 shares of the computer hardware maker’s stock after selling 3,032 shares during the period. NVIDIA comprises approximately 0.9% of First Heartland Consultants Inc.’s investment portfolio, making the stock its 25th largest holding. First Heartland Consultants Inc.’s holdings in NVIDIA were worth $14,057,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Lifetime Wealth Management P.C. bought a new position in shares of NVIDIA during the 4th quarter valued at approximately $26,000. Longview Financial Advisors Inc. purchased a new stake in shares of NVIDIA during the 1st quarter worth approximately $27,000. Longfellow Investment Management Co. LLC raised its holdings in shares of NVIDIA by 47.9% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after purchasing an additional 67 shares during the period. Phillip James Consulting Co. purchased a new position in NVIDIA in the first quarter valued at approximately $40,000. Finally, Spurstone Advisory Services LLC bought a new position in NVIDIA during the second quarter valued at $40,000. 65.27% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades NVDA has been the subject of several recent research reports. Robert W. Baird set a $500.00 price objective on NVIDIA and gave the stock an “outperform” rating in a report on Thursday, May 21st. BNP Paribas Exane boosted their price target on shares of NVIDIA from $270.00 to $285.00 and gave the company an “outperform” rating in a research report on Thursday, May 21st. Wells Fargo & Company restated an “overweight” rating and set a $315.00 price target on shares of NVIDIA in a research note on Tuesday, August 11th. Bank of America reaffirmed a “buy” rating and issued a $350.00 price objective (up from $320.00) on shares of NVIDIA in a report on Thursday, May 21st. Finally, KeyCorp reissued an “overweight” rating and set a $330.00 target price (up from $310.00) on shares of NVIDIA in a report on Tuesday, July 14th. Three research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $305.94.
View Our Latest Report on NVIDIA Trending Headlines about NVIDIA Here are the key news stories impacting NVIDIA this week:
Positive Sentiment: NVIDIA will provide up to $105 billion in financing and credit support for an OpenAI data center campus in Ohio. SB Energy will build and operate the site, while OpenAI has signed a 20-year lease. The project is expected to support approximately 8 gigawatts of NVIDIA-powered computing capacity, creating a potentially significant source of future GPU, networking and systems demand. Nvidia backs financing for OpenAI data center in Ohio Positive Sentiment: NVIDIA is also investing $1.5 billion in SB Energy and will be the exclusive AI-compute provider for the Ohio campus. The arrangement strengthens NVIDIA’s role in developing the power, land and data-center infrastructure needed to sell complete AI systems, rather than chips alone. Nvidia investing $1.5B in SoftBank data center developer Positive Sentiment: Wall Street executives continue to describe AI infrastructure as constrained by power and computing capacity—not capital. BlackRock’s Larry Fink estimates the U.S. alone may need more than 70 gigawatts of power for AI, reinforcing the long-term demand outlook for NVIDIA’s platforms. BlackRock’s Larry Fink discusses AI power demand Positive Sentiment: NVIDIA’s Spectrum-X co-packaged-optics switches have entered mass production, adding another potential growth driver as data-center operators expand high-speed networking capacity. Analysts also expect strong results at the company’s August 26 earnings report. Nvidia Spectrum-X switches enter mass production Neutral Sentiment: The financing strategy is attracting substantial institutional support, but individual fund managers remain divided: some increased NVIDIA positions while others sold shares or bought puts. This signals continued disagreement over how much future AI growth is already reflected in the valuation. Billionaires’ differing NVIDIA trades Negative Sentiment: Investors are questioning the risk of NVIDIA financing data centers that are expected to purchase NVIDIA equipment. Critics characterize this as a circular financing structure that could increase credit exposure and make reported AI demand harder to evaluate. The stock’s elevated valuation leaves less room for execution disappointments. NVIDIA’s circular financing structure NVIDIA Trading Down 0.1% Shares of NVDA opened at $225.01 on Tuesday. The firm’s 50 day simple moving average is $206.47 and its 200 day simple moving average is $198.85. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 2.85. The company has a market capitalization of $5.45 trillion, a P/E ratio of 34.46, a P/E/G ratio of 0.44 and a beta of 2.23. NVIDIA Corporation has a 1-year low of $164.07 and a 1-year high of $236.54.
NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.11. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The company had revenue of $81.61 billion during the quarter, compared to the consensus estimate of $78.42 billion. During the same period in the previous year, the firm posted $0.81 EPS. The firm’s revenue was up 85.2% compared to the same quarter last year. Sell-side analysts forecast that NVIDIA Corporation will post 8.79 earnings per share for the current fiscal year.
NVIDIA Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 4th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, June 4th. This is an increase from NVIDIA’s previous quarterly dividend of $0.01. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. NVIDIA’s dividend payout ratio (DPR) is 15.31%.
NVIDIA declared that its board has approved a stock buyback program on Wednesday, May 20th that authorizes the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization authorizes the computer hardware maker to buy up to 1.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
Insider Buying and Selling at NVIDIA In related news, Director Stephen C. Neal sold 15,500 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the transaction, the director owned 116,135 shares of the company’s stock, valued at approximately $25,053,803.55. This trade represents a 11.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark A. Stevens sold 885,000 shares of NVIDIA stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the completion of the transaction, the director owned 5,207,271 shares in the company, valued at approximately $1,094,412,146.07. The trade was a 14.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,901,125 shares of company stock worth $410,583,015 over the last ninety days. Insiders own 3.94% of the company’s stock.
About NVIDIA (Free Report)
NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.
The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.
Featured Articles Five stocks we like better than NVIDIA Commodities Are Booming, But These 3 ETFs Tell Different Stories 3 Active ETFs Making Big Moves in August This ETF Is Outperforming by Avoiding the S&P 500’s Biggest Problem Birkenstock Beats the Skeptics—But Not on EPS Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA – Free Report).
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Nvidia čeká na výsledky za 2. fiskální čtvrtletí fiskálního roku 2027; klíčová bude hrubá marže kolem 75 %. Poptávka po AI dál podporuje víceleté zakázky a odolnost tržeb.
SummaryNvidia Corporation remains a Strong Buy as demand shifts from intentions to signed obligations, with $91B July quarter revenue and 75% gross margin guidance.Hyperscaler and sovereign AI demand drive robust, multi-year committed backlogs, reducing reliance on the top four customers and supporting revenue durability.Rubin chip shipments begin Q3 2026, pulling forward revenue and mitigating typical product transition risks due to persistent supply constraints.Margin stability is pivotal; holding mid-70s gross margins amid rising input costs and flat operating leverage underpins the near-term bull case. wellesenterprises/iStock Editorial via Getty Images
Nvidia Corporation (NVDA) is set to report second-quarter fiscal 2027 earnings release on August 26, and judging by the noise around it, a good number of us are expecting it to deliver some kind
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NVIDIA zajistí v areálu PORTS-Pike v Ohiu exkluzivní AI výpočetní kapacitu pro OpenAI a do SB Energy investuje 1,5 miliardy USD. Počáteční kapacita má činit 4,25 IT-GW.
NVIDIA will be the exclusive AI compute infrastructure provider at PORTS-Pike.NVIDIA to provide credit support on land, power, and shell buildout to secure initial 4.25 IT-GW, with an option to take the remaining 3.75 IT-GWOpenAI will be the customer for 8-IT GWPORTS-Pike campus project will create tens of thousands of Ohio jobs, pay for its power infrastructure, and invest hundreds of millions in the community anchored by an initial $80 million community benefits fund. NVIDIA to invest $1.5B in SB Energy now to support SB Energy’s growth and commitments to the Ohio community. SANTA CLARA, Calif. and REDWOOD CITY, Calif., Aug. 17, 2026 (GLOBE NEWSWIRE) -- NVIDIA announced that it has secured land, power and shell (LPS) capacity through a partnership with SB Energy at the PORTS-Pike Technology Campus in Pike County, Ohio, to host NVIDIA compute. OpenAI will be the customer. SB Energy will build, own and operate the data center under a 20-year lease to OpenAI.
Demand for AI is growing at an extraordinary pace. AI is becoming infrastructure, requiring a full stack of critical resources, including LPS. To meet this moment, NVIDIA is securing the LPS capacity at PORTS-Pike to exclusively host NVIDIA AI factories. This unique campus development will lay the foundation for tomorrow’s breakthroughs, enabling communities to drive scientific discovery, health care advances and regional economic development.
OpenAI will utilize the capacity at the site. The AI factory will use NVIDIA’s full-stack DSX AI factory platform, including GPUs, CPUs and networking. The initial deployment is designed to support 4.25 IT-GW of AI factory capacity. NVIDIA has the option to extend the opportunity at PORTS-Pike beyond the initial capacity. The DSX AI factory architecture used at PORTS-Pike will deliver resiliency across the full stack – facilities, hardware, and software together – reducing infrastructure overhead and accelerating time to tokens for the next generation of AI factories.
“AI is becoming infrastructure – the foundation for intelligence in every industry – and land, power and shell have become vital in the age of AI. Now is the time to scale the AI infrastructure that will power the next industrial revolution,” said Jensen Huang, founder and CEO of NVIDIA. “We are securing long-lived infrastructure for NVIDIA compute so OpenAI can deploy the most productive AI factories that can be upgraded repeatedly with each new generation delivering more intelligence and better economics.”
“Infrastructure is vital for the AI economy. With SoftBank Group, OpenAI and NVIDIA, SB Energy is building power-first infrastructure at unprecedented scale while strengthening the communities that make it possible – protecting ratepayers, creating tens of thousands of well-paying jobs, and investing in infrastructure to revitalize Southern Ohio that has long shaped America’s future,” said Rich Hossfeld, co-CEO of SB Energy.
“This is going to be a huge site, with enough computing power to help millions of people use AI to do things we can only start to imagine today, from finding new medicines to starting businesses and solving hard problems,” said Sam Altman, CEO of OpenAI. “We’re proud to build it in Pike County, a place that is once again at the heart of American industry and leading the future. We want the people who live here to feel the benefits too, through good jobs, more opportunity for local businesses, and investment in the community for years to come.”
“The next era of intelligence will transform every industry — and require infrastructure built at unprecedented speed and scale. Together with our partners, SoftBank will help unlock the power of AGI and move humanity forward,” said Masayoshi Son, Chairman and CEO of SoftBank Group Corp.
Campus to Bring New Jobs and Benefits to Ohio
SB Energy’s PORTS-Pike Technology Campus is reindustrializing the decommissioned Portsmouth Gaseous Diffusion Plant and the surrounding area, bringing a new generation of jobs to Appalachian Ohio, while creating an opportunity for the region to play an important role in the next era of American industry. Spanning private and federal land, the campus is being developed in collaboration with AEP Ohio, the U.S. Department of Energy, and the U.S. Department of Commerce. The planned capacity is expected to come online in phases beginning in 2028.
In support of the surrounding Ohio community, SB Energy and SoftBank will build at least 10 GW of new energy generation, which results in 8 IT-GW of AI factory capacity, and invest at least $4.2 billion in new regional grid infrastructure through an innovative partnership with AEP Ohio designed to protect ratepayers. OpenAI has agreed to build on SB Energy’s originally announced $40 million community benefits fund with an incremental $40 million designed to support local priorities, including affordable energy, job creation and workforce development, and community and economic development.
NVIDIA Invests in SB Energy
NVIDIA will invest $1.5 billion in SB Energy, joining existing investors SoftBank Group and OpenAI. The investment supports SB Energy’s continued evolution into a leading AI infrastructure developer, while supporting Pike County and other local communities, with the vast opportunity ahead to deliver compute infrastructure at speed and scale.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
Advisors
Goldman Sachs and JP Morgan served as financial advisors for SB Energy. Morgan Stanley served as NVIDIA’s financial advisor.
About NVIDIA
NVIDIA (NASDAQ: NVDA) is the world leader in AI and accelerated computing.
About SB Energy
SB Energy is a leading integrated data center and power infrastructure company purpose-built for the AI economy. The company develops, constructs, and operates gigawatt-scale data center campuses and utility-scale power generation assets. Through its vertically integrated, power-first model, SB Energy addresses the industry's primary bottleneck and accelerates speed-to-compute, with a focus on community, reliability, and cost discipline. For more information, visit www.sbenergy.com.
About OpenAI
OpenAI is making powerful AI accessible, useful and abundant for people and businesses everywhere to build, solve problems and expand what they’re able to do.
NVIDIA Forward-Looking Statements
Certain statements in this press release including, but not limited to, statements as to: AI becoming infrastructure and AI infrastructure powering the next industrial revolution; NVIDIA’s partnership with SB Energy and the expected benefits and impacts of the partnership; NVIDIA’s investment in SB Energy; the development, timing, scale, capacity and operation of the PORTS-Pike campus; the exclusive hosting of NVIDIA systems at the PORTS-Pike campus; OpenAI’s expected customer role and DSX deployment at PORTS-Pike; the potential expansion of the PORTS-Pike campus and related commitments and the expected economic and community impacts of the campus; NVIDIA’s credit support; expectations with respect to demand for AI; expectations with respect to performance, availability, and benefits of NVIDIA’s products, services and technologies, and related trends and drivers; expectations with respect to technology developments, and related trends and drivers; expectations with respect to AI and related industries; and other statements that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic and political conditions; NVIDIA’s reliance on third parties to manufacture, assemble, package and test NVIDIA’s products; the impact of technological development and competition; development of new products and technologies or enhancements to NVIDIA’s existing products and technologies; market acceptance of NVIDIA’s products or NVIDIA’s partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of NVIDIA’s products or technologies when integrated into systems; NVIDIA’s ability to realize the potential benefits of business investments or acquisitions; and changes in applicable laws and regulations, as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.
Clark Asset Management LLC decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 7.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 42,313 shares of the computer hardware maker’s stock after selling 3,536 shares during the quarter. NVIDIA makes up 0.7% of Clark Asset Management LLC’s portfolio, making the stock its 26th biggest position. Clark Asset Management LLC’s holdings in NVIDIA were worth $8,466,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of NVIDIA during the fourth quarter worth approximately $62,244,133,000. J. Stern & Co. LLP raised its holdings in NVIDIA by 13,709.1% in the fourth quarter. J. Stern & Co. LLP now owns 125,760,307 shares of the computer hardware maker’s stock valued at $23,454,297,000 after acquiring an additional 124,849,603 shares in the last quarter. Cardano Risk Management B.V. boosted its stake in NVIDIA by 896.4% during the 4th quarter. Cardano Risk Management B.V. now owns 78,123,960 shares of the computer hardware maker’s stock valued at $14,570,119,000 after acquiring an additional 70,283,539 shares during the last quarter. Capital Research Global Investors boosted its stake in NVIDIA by 16.1% during the 3rd quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker’s stock valued at $30,855,564,000 after acquiring an additional 22,896,705 shares during the last quarter. Finally, Laurel Wealth Advisors LLC grew its holdings in NVIDIA by 15,496.1% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker’s stock worth $3,454,534,000 after acquiring an additional 21,725,326 shares in the last quarter. Institutional investors and hedge funds own 65.27% of the company’s stock.
NVIDIA Price Performance Shares of NVIDIA stock opened at $225.16 on Monday. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04. The business’s 50 day simple moving average is $206.14 and its 200-day simple moving average is $198.60. The stock has a market capitalization of $5.45 trillion, a price-to-earnings ratio of 34.48, a PEG ratio of 0.44 and a beta of 2.23. NVIDIA Corporation has a twelve month low of $164.07 and a twelve month high of $236.54.
NVIDIA (NASDAQ:NVDA – Get Free Report) last released its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.11. The business had revenue of $81.61 billion during the quarter, compared to analyst estimates of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The business’s revenue for the quarter was up 85.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.81 EPS. Equities research analysts forecast that NVIDIA Corporation will post 8.79 earnings per share for the current year.
NVIDIA Increases Dividend The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 4th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. This is a positive change from NVIDIA’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, June 4th. NVIDIA’s dividend payout ratio is presently 15.31%.
NVIDIA announced that its board has authorized a share buyback plan on Wednesday, May 20th that allows the company to buyback $80.00 billion in outstanding shares. This buyback authorization allows the computer hardware maker to reacquire up to 1.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.
Key Stories Impacting NVIDIA Here are the key news stories impacting NVIDIA this week:
Positive Sentiment: UBS expects another major earnings beat. The firm reiterated a Buy rating and $280 price target, forecasting that NVIDIA could exceed its fiscal second-quarter revenue outlook of $91 billion by several billion dollars as GB300 demand ramps ahead of the Vera Rubin platform. UBS earnings outlook Positive Sentiment: A proposed $500 billion financing initiative could expand customers’ purchasing capacity. Apollo, BlackRock, Brookfield, Goldman Sachs and other financial firms are discussing capital pools and securitized loans for AI data centers. The structure could support continued GPU deployments and create a secondary market for older NVIDIA systems. NVIDIA GPU financing deal Positive Sentiment: Demand catalysts continue to broaden. NVIDIA is promoting open-source AI tools, expanding into robotics and physical AI, partnering with former rival Groq, and deepening its networking and infrastructure business. A $2 billion investment in Marvell also highlights efforts to strengthen the broader AI supply chain. NVIDIA open-source AI strategy Neutral Sentiment: Market volatility appears driven more by liquidity than fundamentals. Asian market circuit breakers and currency-related selling pressured semiconductor shares, but the underlying hyperscaler data-center buildout and long-term AI infrastructure commitments remain intact. Asian market volatility and AI demand Negative Sentiment: Expectations and valuation leave little room for disappointment. Analysts note that NVIDIA’s strong pre-earnings performance has set a high bar, while critics—including Michael Burry—warn that AI financing may become circular if customers rely heavily on borrowed capital. Concerns also include power, labor and chip-supply bottlenecks, as well as the risk that Chinese developers optimize models for Huawei hardware instead of U.S. GPUs. AI infrastructure bottlenecks Analysts Set New Price Targets Several equities research analysts have recently weighed in on NVDA shares. Stifel Nicolaus set a $282.00 target price on shares of NVIDIA and gave the stock a “buy” rating in a research report on Thursday, May 21st. Mizuho set a $300.00 price target on NVIDIA in a research note on Thursday, May 21st. Robert W. Baird set a $500.00 price target on NVIDIA and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Susquehanna restated a “positive” rating and set a $275.00 price objective (up from $250.00) on shares of NVIDIA in a research note on Tuesday, May 12th. Finally, DZ Bank reaffirmed a “buy” rating on shares of NVIDIA in a report on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, NVIDIA presently has a consensus rating of “Buy” and a consensus price target of $305.94.
Read Our Latest Report on NVDA
Insider Activity In other news, Director Mark A. Stevens sold 885,000 shares of the company’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the completion of the transaction, the director owned 5,207,271 shares in the company, valued at approximately $1,094,412,146.07. This represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stephen C. Neal sold 15,500 shares of the stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the completion of the sale, the director directly owned 116,135 shares in the company, valued at approximately $25,053,803.55. This trade represents a 11.77% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,901,125 shares of company stock valued at $410,583,015. 3.94% of the stock is currently owned by company insiders.
NVIDIA Profile (Free Report)
NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.
The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.
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UBS čeká, že Nvidia ve druhém čtvrtletí vykáže výnosy 94 až 95 miliard USD a ve třetím čtvrtletí mohou dosáhnout 107 až 108 miliard USD. Klíčem má být silná poptávka po Blackwellu a první příspěvek systémů Vera Rubin.
Nvidia heads into its August 26 earnings report with Wall Street already expecting another beat, but UBS believes the more important test may come one quarter later.
The chipmaker reported record fiscal first-quarter revenue of $81.6 billion, including $75.2 billion from Data Center, and guided to roughly $91 billion for the July quarter.
UBS analyst Timothy Arcuri now expects Nvidia to deliver $94 billion to $95 billion, before guiding to $107 billion to $108 billion for the October quarter.
More strikingly, Arcuri believes actual third-quarter revenue could exceed $110 billion as Blackwell demand remains firm and the first Rubin systems begin contributing.
Another quarterly beat would hardly surprise investors after Nvidia repeatedly outpaced expectations during the AI infrastructure boom.
What could matter more is the speed of the next step up.
According to TipRanks, Arcuri expects Blackwell demand to remain steady while Rubin begins contributing ahead of a larger acceleration later in the year.
UBS has raised its calendar 2027 revenue forecast to $681 billion from $649 billion and lifted its GPU shipment estimate to about 10.8 million units from 9.2 million.
A quarter above $110 billion would therefore do more than mark another record.
It would suggest Nvidia can move between major architectures without the revenue pause investors sometimes fear during product transitions.
Bank of America sees a similar setup.
BofA analyst Vivek Arya expects Nvidia to report $94 billion to $95 billion of second-quarter revenue and guide to $107 billion to $108 billion for the third quarter.
He believes Vera Rubin shipments, new Vera CPU products and continued cloud spending could trigger a “multi-quarter upgrade cycle.”
The economics of the new systems could be equally important.
BofA estimates Vera Rubin NVL racks could cost roughly $7 million to $8.5 million, compared with around $4 million for Blackwell Ultra.
That higher system value could help Nvidia absorb rising memory costs while protecting profitability.
BofA expects long-term gross margins around 73% to 74%, even after accounting for higher memory costs.
That means Rubin does not need explosive unit growth alone to expand Nvidia’s revenue opportunity. Higher-value systems can also push sales higher.
Also read- Nvidia, Alphabet, Harvard disclose SpaceX stakes: here’s what they’re worth
The larger question is whether the AI spending machine supporting those forecasts remains credible.
Nvidia recently announced partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to establish independent compute-financing platforms designed to mobilise more than $500 billion of third-party capital for AI infrastructure.
Morgan Stanley analyst Joseph Moore said the structure “should arguably alleviate circularity concerns,” according to MarketWatch, because sophisticated outside investors would provide most of the capital.
Bank of America’s Arya called the arrangement a “structurally bullish setup,” arguing that it strengthens Nvidia’s CUDA ecosystem while shifting much of the financing burden away from Nvidia.
There is still a catch. Moore described Nvidia’s financial backstops for some neocloud and sovereign-AI customers as “the next big debate for the stock.”
That debate matters because Nvidia’s revenue forecasts ultimately depend on customers continuing to fund enormous infrastructure programmes and earning acceptable returns on them.
The August 26 report is therefore about more than whether Nvidia beats its $91 billion outlook.
Balefire LLC trimmed its holdings in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 4.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 65,016 shares of the computer hardware maker’s stock after selling 2,710 shares during the period. NVIDIA accounts for approximately 2.1% of Balefire LLC’s holdings, making the stock its 3rd largest holding. Balefire LLC’s holdings in NVIDIA were worth $13,009,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in NVIDIA during the fourth quarter worth approximately $62,244,133,000. J. Stern & Co. LLP grew its stake in shares of NVIDIA by 13,709.1% during the 4th quarter. J. Stern & Co. LLP now owns 125,760,307 shares of the computer hardware maker’s stock valued at $23,454,297,000 after buying an additional 124,849,603 shares during the period. Cardano Risk Management B.V. grew its stake in shares of NVIDIA by 896.4% during the 4th quarter. Cardano Risk Management B.V. now owns 78,123,960 shares of the computer hardware maker’s stock valued at $14,570,119,000 after buying an additional 70,283,539 shares during the period. Capital Research Global Investors increased its holdings in shares of NVIDIA by 16.1% during the 3rd quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker’s stock worth $30,855,564,000 after buying an additional 22,896,705 shares during the last quarter. Finally, Laurel Wealth Advisors LLC raised its position in shares of NVIDIA by 15,496.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker’s stock worth $3,454,534,000 after buying an additional 21,725,326 shares during the period. Hedge funds and other institutional investors own 65.27% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on NVDA shares. Barclays reiterated an “overweight” rating on shares of NVIDIA in a report on Thursday, May 21st. Raymond James Financial restated a “strong-buy” rating and issued a $330.00 price objective on shares of NVIDIA in a report on Thursday, May 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $255.00 price objective (up from $220.00) on shares of NVIDIA in a research note on Thursday, May 21st. Rosenblatt Securities reiterated a “buy” rating and set a $325.00 target price on shares of NVIDIA in a report on Thursday, May 21st. Finally, CICC Research increased their target price on shares of NVIDIA from $240.60 to $268.30 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. Three investment analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, NVIDIA presently has a consensus rating of “Buy” and a consensus price target of $305.94.
View Our Latest Report on NVDA
Insider Activity
In other news, Director John Dabiri sold 625 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $214.00, for a total value of $133,750.00. Following the completion of the transaction, the director directly owned 14,163 shares in the company, valued at approximately $3,030,882. This represents a 4.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen C. Neal sold 15,500 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the sale, the director directly owned 116,135 shares of the company’s stock, valued at approximately $25,053,803.55. The trade was a 11.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,901,125 shares of company stock worth $410,583,015. 3.94% of the stock is currently owned by company insiders.
NVIDIA Price Performance
Shares of NASDAQ NVDA opened at $225.16 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 2.85. NVIDIA Corporation has a 1-year low of $164.07 and a 1-year high of $236.54. The company has a market capitalization of $5.45 trillion, a price-to-earnings ratio of 34.48, a PEG ratio of 0.44 and a beta of 2.23. The business has a 50-day moving average of $206.14 and a 200-day moving average of $198.51.
NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, beating the consensus estimate of $1.76 by $0.11. The business had revenue of $81.61 billion for the quarter, compared to the consensus estimate of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The company’s revenue was up 85.2% on a year-over-year basis. During the same period last year, the business posted $0.81 EPS. On average, equities analysts anticipate that NVIDIA Corporation will post 8.79 EPS for the current fiscal year.
NVIDIA Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 4th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, June 4th. This is an increase from NVIDIA’s previous quarterly dividend of $0.01. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. NVIDIA’s dividend payout ratio is presently 15.31%.
NVIDIA declared that its board has approved a stock buyback program on Wednesday, May 20th that allows the company to repurchase $80.00 billion in outstanding shares. This repurchase authorization allows the computer hardware maker to reacquire up to 1.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.
Key Headlines Impacting NVIDIA
Here are the key news stories impacting NVIDIA this week:
Positive Sentiment: UBS expects another major earnings beat. The firm reiterated a Buy rating and $280 price target, forecasting that NVIDIA could exceed its fiscal second-quarter revenue outlook of $91 billion by several billion dollars as GB300 demand ramps ahead of the Vera Rubin platform. UBS earnings outlook
Positive Sentiment: A proposed $500 billion financing initiative could expand customers’ purchasing capacity. Apollo, BlackRock, Brookfield, Goldman Sachs and other financial firms are discussing capital pools and securitized loans for AI data centers. The structure could support continued GPU deployments and create a secondary market for older NVIDIA systems. NVIDIA GPU financing deal
Positive Sentiment: Demand catalysts continue to broaden. NVIDIA is promoting open-source AI tools, expanding into robotics and physical AI, partnering with former rival Groq, and deepening its networking and infrastructure business. A $2 billion investment in Marvell also highlights efforts to strengthen the broader AI supply chain. NVIDIA open-source AI strategy
Neutral Sentiment: Market volatility appears driven more by liquidity than fundamentals. Asian market circuit breakers and currency-related selling pressured semiconductor shares, but the underlying hyperscaler data-center buildout and long-term AI infrastructure commitments remain intact. Asian market volatility and AI demand
Negative Sentiment: Expectations and valuation leave little room for disappointment. Analysts note that NVIDIA’s strong pre-earnings performance has set a high bar, while critics—including Michael Burry—warn that AI financing may become circular if customers rely heavily on borrowed capital. Concerns also include power, labor and chip-supply bottlenecks, as well as the risk that Chinese developers optimize models for Huawei hardware instead of U.S. GPUs. AI infrastructure bottlenecks
NVIDIA Profile
(Free Report)
NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.
The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.
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Nvidia 26. srpna oznámí hospodářské výsledky za 2. čtvrtletí fiskálního roku 2027, ale trh už čeká silná čísla po nedávném růstu akcií o téměř 19 % od 29. července.
On Aug. 26, the otherwise extremely fast-paced Wall Street will slow down and pay close attention as Nvidia (NVDA -0.06%) reports its financial results for the second quarter of its fiscal year 2027, which ended on July 26 (Nvidia's fiscal years do not match calendar years). Since the company is at the very center of the artificial intelligence (AI) infrastructure build-out, thanks to its dominance in the GPU (Graphics Processing Unit) market, Nvidia's quarterly updates have become critical to gauging the health of the AI industry and where it might be headed next. Nvidia has outperformed the broader market so far this year, but which way will the stock move post-earnings? My view is that Nvidia's shares are likely to decline. Here are two reasons why.
Image source: The Motley Fool.
1. Wall Street has adjusted its expectations
Even Nvidia's internal projections have constantly underestimated the company's ability to capitalize on the AI boom. Over the past few years, the semiconductor specialist has, as a rule, delivered earnings beats. The market cheered these performances in the early days of the ongoing AI revolution. However, it has become accustomed to them. Now, investors expect Nvidia to beat its own revenue and earnings guidance and analyst estimates, which means that's already baked into the stock price.
That doesn't mean Nvidia's shares can't jump post-earnings, but that would require an extraordinary beat-and-raise quarter. On the other hand, Wall Street will shrug -- at best -- if Nvidia posts revenue and earnings just slightly above expectations. The stock may even decline as a result.
2. A major pre-earnings run-up
Earnings season has shown that the AI boom is still in full swing. Several leaders in the field have posted outstanding financial results. For instance, the hyperscalers -- or leading cloud computing providers -- all saw accelerating cloud sales growth. These are among Nvidia's largest customers, so their results tell us something about how the chipmaker may perform. We can also point to CoreWeave (CRWV -0.97%), a company that builds and runs data centers tailored for AI.
CoreWeave buys racks of Nvidia's hardware. So if CoreWeave is performing well and increasing investments in the business, that's a great sign for Nvidia. That seems to be what's happening. CoreWeave's second-quarter results were excellent, with the company's revenue and backlog soaring compared to the year-ago period.
All of this suggests that Nvidia also performed well in its latest quarter, and the market knows it. Nvidia's shares have risen significantly over the past couple of weeks or so -- they are up almost 19% since July 29. As a result, it'll be even harder for Nvidia to impress Wall Street on Aug. 26.
Today's Change
(
-0.06
%) $
-0.14
Current Price
$
225.16
Should you give up on the stock?
Investors should focus on whether Nvidia can perform well over the long run, not whether the company can post strong enough financial results during its upcoming quarter for the stock to experience a post-earnings jump. And there are good reasons to think the tech leader still has a significant runway for growth. AI infrastructure spending doesn't seem to be slowing down much.
That's why many companies in the field are beating expectations. Meanwhile, Nvidia remains the leader in the GPU niche and has expanded into new areas. The agentic AI boom may drive sustained demand for CPUs (Central Processing Units), and Nvidia is poised to capitalize on it, having launched its Vera CPU. That's just one opportunity it could tap into. Beyond supplying the chips that power AI, Nvidia offers a host of other services that allow companies to deploy, run, and manage AI applications effectively.
That puts the company in a strong position to benefit from the industry's continued growth. Now, will Nvidia post the same kind of returns it did during the first couple of years of the AI boom? That's highly unlikely. But the stock can still be an above-average performer over the long term.
Nvidia jedná o investici až 3 miliardy USD do SB Energy, která staví datacentrový projekt v Ohiu pro OpenAI. Součástí má být i kreditní podpora kolem 100 miliard USD.
Nvidia and OpenAI logos are seen in this illustration taken, September 22, 2025. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab
CompaniesAug 15 (Reuters) - Nvidia (NVDA.O), opens new tab is in talks to invest as much as $3 billion in SB Energy, a SoftBank Group (9984.T), opens new tab subsidiary developing a massive planned Ohio data center project for OpenAI, the Information reported on Saturday, citing people familiar with the discussions.
Here are some details:
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The proposed investment is part of Nvidia's talks with OpenAI and SB Energy on providing around $100 billion in credit support for the planned Ohio data center campus, the report said.
Nvidia has discussed investing half of the $3 billion when the Ohio project deal is signed and the other half as part of SB Energy's planned initial public offering, according to the Information.
Reuters could not immediately verify the report. Nvidia and SB Energy did not immediately respond to requests for comment outside regular business hours.
SB Energy is aiming to go public as soon as next month and could raise at least $5 billion in the IPO, the report added.
SB Energy, which is also backed by OpenAI, develops large-scale power and data center infrastructure projects. Founded in 2019, the company is building several data center campuses to support rising demand tied to AI workloads.
The Wall Street Journal on Friday reported that Nvidia has revised its plans to support a proposed OpenAI data center project in Ohio and is now expected to initially guarantee less than $120 billion, down from the $250 billion previously discussed.
Reporting by Disha Mishra in Bengaluru
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Nvidia uvedla do plné výroby platformu Spectrum-X Ethernet Photonics, první Ethernet switch s co-packaged optics pro 200G na linku v masové výrobě. Má snížit spotřebu sítě 5x a zlepšit škálování AI clusterů.
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Every AI story eventually runs into the same wall: power. Data centers can only pull so much electricity from the grid, and chips can only move data so fast before the network becomes the bottleneck instead of the processor.
Nvidia (NASDAQ:NVDA | NVDA Price Prediction) posted $81.7 billion in revenue for its fiscal first quarter, up 85% year-over-year, with data center revenue alone hitting $75.2 billion. That kind of growth doesn’t come from selling faster chips alone — it comes from controlling the whole system those chips live in. Now, Nvidia just took its boldest step yet toward owning the wiring, not just the brains, of the AI factory.
The Networking Bottleneck Nvidia Just Solved
Nvidia just announced its Spectrum-X Ethernet Photonics platform entered full mass production, becoming the first co-packaged optics (CPO) Ethernet switch built for 200G-per-lane volume shipping.
Traditional AI data centers link GPUs using pluggable optical transceivers — separate components that convert electrical signals to light and back again. At the scale of a million-GPU cluster, that’s a liability: more lasers to fail, more power draw, more heat.
Nvidia’s fix was to solder the optics directly onto the switch chip. The results are 4 times fewer lasers, 5x lower network power consumption, 10x better resiliency at scale, and a 64x improvement in signal integrity. Optical loss dropped from roughly 22 decibels to about 4. Translation for shareholders: fewer parts breaking down, lower electricity bills for customers, and a network that keeps pace as clusters scale into the millions of GPUs.
CoreWeave (NASDAQ:CRWV), Lambda, and Oracle (NYSE:ORCL) are the first customers, with production having ramped from May through July before reaching full volume. That’s not a science project — that’s revenue.
Nvidia is no longer just building the brains of AI—it’s seizing control of the entire circulatory system to crush the power bottlenecks stopping its rivals cold.
The Supply Chain Nvidia Is Building Around
Nvidia doesn’t manufacture silicon photonics alone, and that’s where the thesis broadens beyond one ticker. Taiwan Semiconductor Manufacturing (NYSE:TSM) handles the advanced silicon photonics fabrication, with packaging capex rising toward 20% of TSM’s planned $52 billion to $56 billion 2026 budget. Advanced packaging made up roughly 8% of TSM’s revenue in 2025, and is expected to top 10% in 2026. TSM trades at a trailing P/E near 30, against a 10-year median closer to 20, so investors are already paying up for this growth.
Lumentum Holdings (NASDAQ:LITE) supplies lasers and optics into the CPO buildout and has secured multi-hundred-million-dollar CPO orders for delivery in the first half of calendar 2027. Its fiscal Q4 revenue hit $1.01 billion, more than doubling year-over-year, with adjusted EPS of $3.23 — also more than double the prior year. Next-quarter guidance of $1.225 billion to $1.275 billion in revenue topped Wall Street’s estimates.
Company
Trailing P/E
Recent Revenue Growth (YoY)
Nvidia
34
85% (Q1 FY2027)
TSM
28
100% (H1 FY2026)
Lumentum Holdings
n/a
83%+ (FY2026)
Why This Deepens Nvidia’s Moat
Owning the switch-to-optics integration doesn’t just make Nvidia’s network faster — it makes the ecosystem stickier. A hyperscaler building around Spectrum-X Photonics buys into Nvidia’s InfiniBand, NVLink, and Ethernet roadmap all at once. Nvidia’s networking revenue nearly tripled to $14.8 billion in fiscal Q2 2026, up 199% year over year — this is becoming its own growth engine, not a side project. Granted, Nvidia’s trailing P/E of roughly 34 sits well below its five-year average near 69, so the market isn’t pricing this as a moonshot.
That said, competition isn’t standing still. Advanced Micro Devices (NASDAQ:AMD) is projecting 64% EPS growth for 2026 with a PEG ratio near 0.4 to 0.5, a cheaper entry for the same AI infrastructure trend. And CPO manufacturing yields remain the swing factor: Yole Group pegs the entire data-center CPO market at roughly $46 million in 2024, growing to $8.1 billion by 2030 — a 137% compound annual growth rate on a market that’s still tiny today.
Key Takeaway
Nvidia isn’t just selling chips anymore — it’s selling the highway those chips talk over, and it’s pulling Taiwan Semiconductor Manufacturing and Lumentum along for the ride.
For investors already holding Nvidia, this reinforces the bull case: a widening moat backed by real revenue. For those wanting exposure without Nvidia’s premium, TSM and Lumentum offer picks-and-shovels entry points — though the latter’s 708% gain over the last year already prices in much of that 2027 CPO ramp.
In any case, the network is no longer an afterthought in the AI story. Nvidia just planted its flag first.
Contact [email protected] for any questions or corrections.
Nvidia uvedla, že její podíl ve SpaceX měl na konci druhého čtvrtletí hodnotu asi 21 miliard USD. Akcie SpaceX od konce června klesly, takže hodnota podílu je nyní zhruba 17,2 miliardy USD.
Nvidia disclosed on Friday that its stake in Elon Musk's SpaceX was worth about $21 billion at the end of the second quarter.
The chipmaker said in a filing with the Securities and Exchange Commission that it owns 122.8 million Class A shares in Elon Musk's rocket maker, which held its public market debut in June.
SpaceX's stock closed at $140 on Friday, down from $170.86 at the end of June, so the value of Nvidia's shares have declined to about $17.2 billion.
It's Nvidia's second biggest holding behind its stake in Intel, which is currently worth about $22 billion, down from $30 billion when the quarter ended. That represents a massive return on Nvidia's $5 billion investment less than a year ago.
Nvidia is the sixth biggest investor in SpaceX, based on data from FactSet. Musk is by far the largest owner with a stake worth about $850 billion. Alphabet is second at roughly $78 billion.
Nvidia's shares in SpaceX came from the company's $10 billion investment in Musk's xAI as part of a $20 billion round in January, according to a person familiar with knowledge of the matter who asked not to be named because the exact size of the deal wasn't made public. SpaceX acquired xAI in February in a deal valued at $1.25 trillion.
Musk said on SpaceX's second-quarter earnings call earlier this month that the company will exclusively use Nvidia chips in its AI data centers. He said Nvidia's graphics processing units have the "best architecture" for training and inference of AI models, and related products and services.
Musk also said, on the call that he expects SpaceX will receive a "significant allocation" of Nvidia's Vera Rubin GPUs next year.
Groq začne ve svých datových centrech používat systémy Nvidia, takže zákazníci GroqCloud získají přístup i k technologii Nvidia. Je to další obrat po loňské dohodě za 20 miliard USD.
Nvidia CEO Jensen Huang. Bloomberg/Getty Images Nvidia is squeezing even more value out of its deal with AI chipmaker Groq by turning a former rival into a customer.
Groq said Wednesday it plans to put Nvidia systems in its data centers — meaning customers of its AI cloud service, GroqCloud, can access Nvidia technology alongside Groq's signature language processing units (LPUs), chips designed as a fast and efficient alternative to Nvidia's AI chips.
It's an about-face from where the companies started — and highlights Nvidia's strategic approach to fending off competition, analysts said.
Futurum Group CEO Daniel Newman said Groq's surviving entity "is proving something different: that the fastest way to scale in AI infrastructure is to build on Nvidia, not against it."
In December, Nvidia announced it struck a $20 billion deal with Groq to license its technology and hire its senior leadership, including founder Jonathan Ross and president Sunny Madra. Nvidia has since incorporated LPUs into its product lineup.
At the same time, Groq remained independent and continued operating its AI cloud. It announced a $650 million funding round in June. Now that Groq and Nvidia work together more closely, it eliminates some competition for Nvidia.
"This makes the original Groq transaction look even more strategic," said Brad Gastwirth, global head of research and market intelligence at Circular Technology.
"It potentially neutralized part of a competitive threat while preserving Groq as a growing platform that can now drive additional demand back toward Nvidia," he added.
Gastwirth said Nvidia doesn't need all AI workloads to run exclusively on its chips as long as it can still capture at least some of the business.
"It can absorb the IP, hire the founding talent, invest in the surviving entity, and then sell that entity the compute," Newman said. "Every layer of that sequence deepens the moat."
Gil Luria, head of technology research at D.A. Davidson, said that the LPU technology was the real prize for Nvidia in the original deal. While many specialized AI cloud providers, known as neoclouds, were already buying Nvidia's AI chips, this new partnership with Groq fits a broader pattern of the chipmaker making savvy moves to strengthen its position, he said.
"They play chess when everybody else is playing checkers," Luria said.
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Geoff Weiss is a senior reporter on Business Insider’s tech team, where he writes about AI startups and Y Combinator, the intersection of AI and the media industry, and workplace dynamics within top AI labs and chip companies.Previously, Geoff was on the media desk, covering YouTube and Netflix, and themes like the intersection of Hollywood and the creator economy. His work on Netflix’s video podcasting ambitions and Mr Beast’s lessons for Hollywood won second and first prize, respectively, at the 2025 LA Press Club Awards.Prior to joining Business Insider, Geoff was the senior editor of Tubefilter and a staff writer at Entrepreneur. He graduated from New York University with a degree in English Literature.He can be reached at [email protected], on Signal @geoffweiss.25, and on LinkedIn. Have a tip? Use a personal email address and a nonwork device; here's our guide to sharing information securely.Selected stories:Nvidia crushed its quarter — and CEO Jensen Huang said in a leaked all-hands that 'the market did not appreciate it'Nvidia will foot the bill for Trump's new visa fees. Here's what CEO Jensen Huang told staff.Massive AI salaries and RTO are fueling a real estate boom in San Francisco: 'It's going to rain money'The AI talent wars are ricocheting across startups. Here's how they're competing with Big Tech.
Nvidia (NVDA +0.54%) will report its second-quarter results on Aug. 26, and there's plenty of reason for optimism. The company is the leading maker of the processors that power artificial intelligence workloads, and it remains the world's largest company by market cap.
Nvidia has a history of delivering quarterly results that exceed analysts' expectations, and another solid report could send the chipmaker's stock soaring. Cathie Wood, CEO of Ark Invest, is apparently counting on that -- she has been scooping up shares. Over three recent trading days -- July 28, Aug. 5, and Aug. 10 -- she bought $59.9 million of Nvidia stock for her firm's exchange-traded funds (ETFs).
Ark Exchange-Traded Fund
July 28 Purchase
Aug. 5 Purchase
Aug. 10 Purchase
Total Purchased
Ark Innovation ETF
$8.2 million
$9.4 million
$12.6 million
$30.2 million
Ark Next Generation Internet ETF
$2.3 million
$2.7 million
$7 million
$12 million
Ark Autonomous Technology & Robotics ETF
$2.7 million
$3.1 million
$4.1 million
$9.9 million
Ark Fintech Innovation ETF
$1.1 million
$1.1 million
$1.5 million
$3.7 million
Ark Space & Defense Innovation ETF
$1.1 million
$1.3 million
$1.7 million
$4.1 million
Totals
$15.4 million
$17.6 million
$26.9 million
$59.9 million
Data source: Ark Invest.
Those purchases were spread over five of Ark Invest's exchange-traded funds -- the vehicles Wood uses to invest in disruptive technologies, fintech, artificial intelligence, space, and robotics. Notably, those buys increased in size each time.
In all, Wood has increased Ark Invest's total stake in Nvidia by a whopping 24%, bringing its investment in the GPU leader to more than $303.6 million.
Ark Exchange Traded Fund
Nvidia Shares Held
Market Value of Nvidia Stake
Weighting in Fund
Ark Innovation ETF
639,590
$139,142,804
2.20%
Ark Next Generation Internet ETF
183,964
$40,021,368
2.28%
Ark Autonomous Technology & Robotics ETF
329,001
$71,574,167
3.52%
Ark Fintech Innovation ETF
101,153
$22,005,835
2.89%
Ark Space & Defense Innovation ETF
141,864
$30,862,513
3.62%
Data source: Ark Invest. Data as of Aug. 11, 2026.
Why is Wood buying Nvidia stock?
Nvidia has been a high-flying stock for the last several years, but it has shown some weakness lately. Shares are up only 2% over the last three months as the semiconductor sector has come under pressure over fears that the AI infrastructure build-out could lead to a bubble and that a shortage of memory and data storage chips could throttle the growth of the entire industry.
But spending on new data centers remains strong -- hyperscalers Amazon, Meta Platforms, Microsoft, and Alphabet have indicated they will spend more than $730 billion combined on AI infrastructure this year, and they expect that number to increase next year.
Ark Invest CEO Cathie Wood. Image source: Getty Images.
On top of that, Nvidia has partnered with several major Wall Street financial institutions, including Apollo Global Management, BlackRock, Blackstone, Goldman Sachs, KKR, and Brookfield, to raise $500 billion in third-party capital for AI infrastructure serving frontier AI labs, enterprise firms, and AI cloud companies.
Should you follow Wood's lead here?
Every indication is that Nvidia is set to report another monster quarter. Revenue in its fiscal 2027 first quarter (which ended April 26) was $81.61 billion, up 85% from a year earlier. Nvidia's projected fiscal 2027 Q2 revenue is $91 billion, a 94% gain from a year ago, when revenue was $46.7 billion. Analysts surveyed by Yahoo! Finance are expecting even more, with the consensus revenue estimate of $91.85 billion, up 96.5% from a year ago.
Today's Change
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1.21
Current Price
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225.30
Nvidia's data center business continues to drive its revenue and profits, accounting for more than 90% of revenue. With hyperscalers continuing to invest in AI infrastructure and Wall Street firms lining up to make another $500 billion available, Nvidia is well-positioned to deliver a good quarter and see another bump in its stock price.
Against that backdrop, Wood's inclination to lean in on Nvidia stock before earnings makes a lot of sense.
Patrick Sanders has positions in Nvidia. The Motley Fool has positions in and recommends Alphabet, Amazon, BlackRock, Blackstone, Brookfield Corporation, Goldman Sachs Group, KKR, Meta Platforms, Microsoft, and Nvidia. The Motley Fool has a disclosure policy.
Nvidia oznámila plán až za 500 miliard USD na výstavbu AI datových center s podporou Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs a KKR. Firma zároveň bude ručit za až 25% pokles hodnoty GPU použitých jako zástava.
Nvidia announced this week that Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs, and KKR were willing to commit up to $500 billion to build AI data centers. That eye-popping figure got a lot of the attention, but the bigger story is Nvidia’s effort to create a secondary market for aging GPUs.
To convince those big-name financial companies, Nvidia has agreed to guarantee, with its own money, that its chips used as collateral in these deals will retain their value.
Many have now commented on how unusual, smart, and dangerous this plan is. It is all of those things. The bond markets got so spooked that Nvidia CEO Jensen Huang took to X and business TV to better explain how Nvidia’s risk would be limited.
But underneath the financial maneuvering to fund AI data centers (and keep revenue for Nvidia flowing), is something, perhaps, far more interesting for startups and enterprises: Huang wants to ensure an ecosystem of used AI hardware flourishes, helping sustain demand for Nvidia hardware as it ages.
Specifically, Nvidia is promising that if GPUs used as collateral don’t retain their value as expected, the company will cover up to 25% of the difference. So, if a data center owner defaults on a loan and the lender must liquidate, but the chips can’t command the price the books say they should, Nvidia will chip in.
The dangerous part for Nvidia is that this creates something financiers call “wrong way” risk. That is, Nvidia’s obligations will grow as demand weakens. Should that happen, its revenues will likely be squeezed as well.
Still, the scheme is deliberately unlike the comparison to Lucent Technologies that some have been making. Lucent was the telecommunications equipment provider that rose and crashed with the dotcom bubble after lending its customers money to buy its wares.
The Lucent comparison is a shadow over Nvidia, Huang knows. And not an unfair one. Nvidia definitely has committed billions toward those who buy its chips, including frontier AI labs OpenAI and Anthropic, neoclouds like CoreWeave (the originator of using Nvidia chips as collateral), as well as Nebius, Firmus, and Lambda. And it has been working on another $750 billion worth of circular deals this summer, Bloomberg has calculated.
“Is this circular financing?” Huang wrote on X about the new scheme. “This initiative is designed to address that concern. We are bringing independent, long-term institutional capital into the AI infrastructure market.”
That’s true. Unlike Lucent, Nvidia is getting others to shoulder the bulk of the capital and risk, merely by agreeing to protect a portion of its chips’ value in the future.
Should this plan work, Nvidia will have found new sources of money for AI data center builds, after many of the traditional methods have begun to wear thin. For instance, some of the hyperscalers have already taken on a lot of debt (like Oracle), issued new tranches of equity (Google), and burned much cash (Meta).
The situation has become so dicey that Microsoft CEO Satya Nadella recently recommended the book “1873” during his latest earnings call. It’s about the railroad-era financial engineering that crashed the nation’s economy.
The risk is that today’s AI boom, where demand far outstrips capacity, doesn’t continue for much longer. Rather than being in the early innings, what if enterprises and consumers temper AI usage? Or new technologies come along to make existing infrastructure more effective and/or all of today’s AI infrastructure obsolete?
Then, like so many buggy whips in the face of automobiles (to paraphrase Danny Devito’s Lawrence Garfield), demand dries up and everything crashes.
Yet, Huang is arguing that won’t happen by selling a vision of AI as a long-term “investable infrastructure,” as he describes it. That makes his AI servers, which he calls “AI factories” akin to railroads or airlines rather than quickly depreciating assets like PCs.
“When needs change, the factory can be used by another customer, another cloud or another operator. This broad ecosystem gives NVIDIA compute a deep market of potential users and offtakers, helping protect residual value,” he promised.
In that future, Nvidia cares as much about aging architecture as it does the new chips. And perhaps startups, enterprises, and even researchers will tap into a broader variety of hardware, each tuned to different AI needs, just like they are beginning to pick affordable open-weight models alongside the frontier choices.
As the king of AI, Nvidia has the power, and the window of opportunity, to make that happen.
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Jim Cramer řekl, že GPU karty Nvidia jsou spíš jako šperky než auta, protože si díky ekosystému CUDA drží hodnotu i po letech. To je klíčové pro financování AI infrastruktury, které počítá s jejich zůstatkovou hodnotou.
Jim Cramer devoted a segment of Mad Money on August 12 to a valuation analogy that cuts to the heart of the debate over AI infrastructure financing. “These chips aren’t like cars that lose half their value the moment they drop off a lot. They’re more like fine jewelry,” he said of NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) GPUs, adding that the Compute Unified Device Architecture (CUDA) software ecosystem lets “9 year old chips keep their value, even appreciating”.
The residual-value question is no longer academic. Wall Street is lining up hundreds of billions of dollars in AI compute financing whose economics depend partly on GPUs retaining meaningful value years after installation. Cramer’s jewelry framing maps directly onto that collateral debate.
The Numbers Behind the Jewelry Thesis Nvidia’s most recent quarter provides quantitative backing for the pricing power argument. In Q1 FY2027, reported May 20, 2026, revenue reached $81.615 billion, up 85.23% year over year, with non-GAAP diluted EPS of $1.87 against a $1.7738 consensus. Non-GAAP gross margin landed at 75.0%, and management guided Q2 to $91.0 billion in revenue at the same margin, with any China Data Center compute revenue excluded from the outlook. Nvidia details the quarter in its Q1 FY27 8-K press release.
Margins of that scale, sustained across an $81.6 billion quarter, describe a scarce discretionary product with unusual pricing power. The Data Center segment alone generated $75.246 billion, up 92%, with networking revenue tripling to $14.8 billion as InfiniBand, NVLink, and Spectrum-X get pulled through every rack.
Why Residual Value Matters for AI Financing Cramer’s analysis lands as the plumbing of AI infrastructure financing gets built out in public. Reported deal flow includes Nvidia’s $500 billion AI compute financing partnership with Goldman Sachs and BlackRock, a new CME Group GPU futures product launching in October, and a fresh $89.9 billion NVDA position opened by JPMorgan Chase. Each structure asks lenders and rating agencies to underwrite the residual value of the underlying chips as collateral.
The CUDA software moat is what gives the jewelry framing its financial teeth. Because customer workloads are compiled against Nvidia’s CUDA-X stack, plus newer Dynamo inference software, an installed Hopper or Blackwell GPU keeps earning revenue years after newer silicon ships, defending the collateral value structured finance desks are counting on. Nvidia has already locked in $119.0 billion in total supply commitments and $30.0 billion in multi-year cloud service commitments, evidence that hyperscalers are pre-buying capacity years out.
What Investors Should Watch Next Prediction markets echo the confidence. Polymarket traders assign a 95.6% probability to Q2 Data Center revenue exceeding $80 billion and a 91.5% probability that non-GAAP gross margin lands in the 74% to 76% range. The composite sentiment score sits at 62.09, up 6.44 points over seven days.
Nvidia shares last traded at $223.80, up 20.3% year to date and 23.2% over one year. Analyst consensus sits at $302.83, with 58 Buy, 2 Hold, and 1 Sell ratings. Cramer’s jewelry line matters because it names the single assumption sitting underneath the AI capex cycle.
If GPUs retain their value across generations, the securitization stack works and the $5.42 trillion valuation is defensible. If residual prices sag once Vera Rubin ships with its promised order-of-magnitude token cost improvement, the financing math tightens quickly. Nvidia’s Q2 report, expected around August 26, is the next sign post that either confirms the jewelry thesis or forces a remodel.
Contact [email protected] for any questions or corrections.
Nvidia pomáhá vytvářet financování pro AI infrastrukturu a s partnery chce mobilizovat více než 500 miliard USD kapitálu třetích stran. Zároveň ale roste riziko, že alternativní čipy od AMD, Amazonu či Googlu srazí hodnotu a cenu pronájmu GPU.
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The AI boom is changing an old rule of technology investing: hardware is supposed to get cheaper, less useful, and eventually worthless. That assumption helped investors model data center equipment as a wasting asset with a five- or six-year life.
However, the market for Nvidia (NASDAQ:NVDA | NVDA Price Prediction) GPUs is starting to look different. Rental prices remain elevated, older chips are finding long-term customers, and Wall Street is building financing markets around their residual value. That creates a powerful re-rating opportunity for companies built around Nvidia hardware. It also creates a new risk: if alternative AI chips break Nvidia’s scarcity advantage, the entire asset-class thesis could unwind faster than investors expect.
GPUs Are Starting To Behave Like Assets
Silicon Data tracks GPU rental pricing across the AI-compute market and publishes daily benchmarks for A100, H100, B200, and Advanced Micro Devices‘ (NASDAQ:AMD) MI300X. Its data show that the traditional depreciation curve for Nvidia hardware has become less predictable, while newer generations have maintained pricing strength.
That matters because the neocloud business was built around depreciation. Buy a GPU, rent it out for several years, depreciate it toward zero, and replace it with something faster.
But an A100 launched in May 2020 is still generating meaningful rental economics in 2026. CoreWeave (NASDAQ:CRWV) reported $104.2 billion in backlog in its second-quarter results, followed by more than $25 billion of additional customer commitments — putting contracted demand above $129 billion.
If old Nvidia GPUs can keep producing revenue deep into their supposed retirement years, the accounting assumption and the economic reality start pulling apart.
Silicon is no longer a wasting asset—it's the new financial plumbing. Discover how Nvidia is turning 'old' hardware into a $500 billion cash-flow machine.
Nvidia Is Helping Wall Street Finance The Bet
Nvidia is not merely selling chips into this market. It is helping create the financial plumbing around them.
The company announced partnerships with major financial firms to mobilize more than $500 billion of third-party capital for AI infrastructure. The structure can include Nvidia guarantees covering up to 25% of certain projects’ residual value.
Then comes another important development. CME Group and Silicon Data plan to launch compute futures, pending regulatory approval. The contracts are designed to let AI builders and cloud providers hedge compute-price risk.
That is more important than it sounds. Once a cash flow can be hedged, lenders can underwrite it with greater confidence. Once lenders become comfortable, capital gets cheaper, and cheaper capital can push the value of the underlying assets higher.
The Nvidia Monopoly Is The Weak Link
Granted, today’s rental economics are reflecting a supply squeeze. More GPUs eventually mean more competition and potentially lower rental prices. But the bigger threat is not necessarily more Nvidia GPUs — it is fewer Nvidia GPUs being required.
AMD’s MI300X already has measurable rental activity in Silicon Data’s benchmarks, while Amazon (NASDAQ:AMZN) is moving its Trainium strategy toward a broader market. CEO Andy Jassy said in June Amazon’s chips business had surpassed a $20 billion annual revenue run rate and estimated it could approach $50 billion if operated as a standalone business selling to AWS and outside customers. He also said Amazon could eventually sell Trainium racks to third parties.
That gives AI customers another way to satisfy training and inference demand without renting Nvidia GPUs.
And that is the illusion Wall Street should worry about. Nvidia GPUs may be becoming durable, financeable cash-flow assets — but the evidence is still overwhelmingly Nvidia-specific.
Key Takeaway
The asset-class thesis is real enough to matter, and CoreWeave may be one of the companies that gets re-rated as investors recognize that GPU depreciation no longer tells the whole economic story.
But investors should not confuse Nvidia’s current dominance with permanent scarcity. AMD’s expanding footprint, Amazon’s potential Trainium sales, and other custom accelerators such as Google’s TPUs create a release valve. If alternative silicon absorbs enough AI workloads, Nvidia’s residual values and rental rates could fall together.
For now, the evidence favors Nvidia and Nvidia-heavy infrastructure providers. But the biggest risk to the thesis is becoming clear: GPUs can behave like forever cash-flow machines only if customers keep wanting Nvidia’s GPUs.
Contact [email protected] for any questions or corrections.
FAS Wealth Partners Inc. grew its stake in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 6.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 157,406 shares of the computer hardware maker’s stock after purchasing an additional 9,833 shares during the quarter. NVIDIA comprises about 1.7% of FAS Wealth Partners Inc.’s holdings, making the stock its 12th biggest holding. FAS Wealth Partners Inc.’s holdings in NVIDIA were worth $27,452,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in NVIDIA during the 4th quarter valued at approximately $62,244,133,000. J. Stern & Co. LLP grew its holdings in shares of NVIDIA by 13,709.1% during the 4th quarter. J. Stern & Co. LLP now owns 125,760,307 shares of the computer hardware maker’s stock worth $23,454,297,000 after acquiring an additional 124,849,603 shares during the period. Cardano Risk Management B.V. raised its position in shares of NVIDIA by 896.4% in the 4th quarter. Cardano Risk Management B.V. now owns 78,123,960 shares of the computer hardware maker’s stock worth $14,570,119,000 after acquiring an additional 70,283,539 shares in the last quarter. Capital Research Global Investors raised its position in shares of NVIDIA by 16.1% in the 3rd quarter. Capital Research Global Investors now owns 165,377,852 shares of the computer hardware maker’s stock worth $30,855,564,000 after acquiring an additional 22,896,705 shares in the last quarter. Finally, Laurel Wealth Advisors LLC lifted its stake in shares of NVIDIA by 15,496.1% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 21,865,525 shares of the computer hardware maker’s stock valued at $3,454,534,000 after purchasing an additional 21,725,326 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at NVIDIA In related news, Director Mark A. Stevens sold 885,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $210.17, for a total value of $186,000,450.00. Following the transaction, the director owned 5,207,271 shares of the company’s stock, valued at approximately $1,094,412,146.07. This trade represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John Dabiri sold 625 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $214.00, for a total transaction of $133,750.00. Following the completion of the transaction, the director directly owned 14,163 shares in the company, valued at approximately $3,030,882. The trade was a 4.23% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,901,125 shares of company stock worth $410,583,015 in the last three months. 3.94% of the stock is currently owned by company insiders.
NVIDIA News Roundup Here are the key news stories impacting NVIDIA this week:
Positive Sentiment: $500 billion financing push reduces funding constraints: Bank of America said the initiative could ease financing risk by shifting much of the capital burden to Wall Street. The plan may make it easier for cloud providers and other customers to purchase NVIDIA hardware, networking products, and software, potentially extending the company’s revenue runway. BofA Says Nvidia’s $500 Billion Plan Eases Financing Risk Positive Sentiment: Continued demand for current and older GPUs: Susquehanna expects a continued GB300 ramp ahead of NVIDIA’s Vera Rubin platform release. Separately, CoreWeave’s CEO said the company is booking NVIDIA A100 systems through 2029 at full pricing, challenging concerns that older GPUs will rapidly lose value. Nvidia likely to see continued GB300 ramp ahead of Vera Rubin release Positive Sentiment: Analysts remain bullish: Recent coverage includes rating upgrades and price-target increases, with Wells Fargo maintaining an overweight rating and a $315 target. The positive views reflect expectations for sustained AI infrastructure spending and NVIDIA’s end-to-end hardware, networking, and software advantage. SA analyst upgrades and downgrades Positive Sentiment: Broader AI ecosystem momentum: IBM and Together AI agreed to a $240 million multiyear contract for an NVIDIA-powered inference cluster, while NVIDIA’s open-weight model efforts could strengthen its software ecosystem and CUDA platform. IBM and Together AI ink $240 million deal Negative Sentiment: Financing risks remain a key overhang: Critics question whether the arrangement amounts to circular financing because NVIDIA may provide residual-value support of up to 25% on some deals. Rapid GPU depreciation, potential oversupply, and lower-cost Chinese compute could weaken collateral values and expose NVIDIA to losses if customers struggle. Neutral Sentiment: Near-term test: Investors are likely to look to NVIDIA’s late-August earnings report for evidence that GB300 demand, expanding customer spending, and the financing strategy are translating into sustainable revenue and earnings growth. NVIDIA Price Performance Shares of NVDA opened at $224.09 on Thursday. The firm has a fifty day simple moving average of $205.61 and a two-hundred day simple moving average of $198.06. The firm has a market cap of $5.42 trillion, a PE ratio of 34.32, a P/E/G ratio of 0.42 and a beta of 2.23. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04. NVIDIA Corporation has a 1-year low of $164.07 and a 1-year high of $236.54.
NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, topping the consensus estimate of $1.76 by $0.11. The company had revenue of $81.61 billion during the quarter, compared to analyst estimates of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.NVIDIA’s revenue was up 85.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 earnings per share. On average, equities analysts anticipate that NVIDIA Corporation will post 8.79 EPS for the current year.
NVIDIA declared that its Board of Directors has authorized a stock buyback program on Wednesday, May 20th that allows the company to buyback $80.00 billion in outstanding shares. This buyback authorization allows the computer hardware maker to reacquire up to 1.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.
NVIDIA Increases Dividend The company also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 4th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, June 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.4%. This is an increase from NVIDIA’s previous quarterly dividend of $0.01. NVIDIA’s dividend payout ratio is presently 15.31%.
Wall Street Analyst Weigh In Several equities research analysts recently weighed in on NVDA shares. Itau BBA Securities dropped their price target on NVIDIA from $256.00 to $218.00 in a research report on Wednesday, June 24th. CICC Research raised their price objective on NVIDIA from $240.60 to $268.30 and gave the company an “outperform” rating in a research report on Friday, May 22nd. Bank of America restated a “buy” rating and set a $350.00 target price (up from $320.00) on shares of NVIDIA in a report on Thursday, May 21st. Wedbush upped their target price on shares of NVIDIA from $300.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Finally, DZ Bank reiterated a “buy” rating on shares of NVIDIA in a research note on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $305.94.
View Our Latest Stock Analysis on NVIDIA
About NVIDIA (Free Report)
NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.
The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.
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