Track market-moving stories before they get noisy

ATLANTA--(BUSINESS WIRE)---- $QMLS #NASDAQ--QumulusAI (Nasdaq: QMLS), a neocloud infrastructure provider purpose-built for the AI computing era, today announced a GPU-as-a-Service agreement with DRW, a diversified global trading firm with expertise in commodities, derivatives and emerging asset classes, to supply a dedicated NVIDIA Blackwell B300 cluster. DRW has been an early participant in the development of compute as an institutional market. DRW incubated Compute Exchange, a marketplace connecting enterprise.

In late July, Nvidia CEO Jensen Huang posted on X for the first time to defend open-source models in artificial intelligence, inserting himself into a debate that was raging across the industry.

Less than three weeks later, Nvidia is releasing Nemotron 3.5 Lightning, which the company says is "lightweight" and can run on a single graphics processing unit on a PC. It's Nvidia's first open-source model since Huang joined most of his tech peers in urging the U.S. government to support open models while "avoiding premature restrictions" that could push innovation overseas.

The new Nemotron offering is free for companies to download, use and modify without getting permission or paying Nvidia. 

For Nvidia, open-source AI is a boon for chip sales, because the models still need to run on GPUs, and the lower prices can serve to boost usage over proprietary models from the likes of OpenAI and Anthropic.

"Free AI should be great for hardware," Huang told Axios in an interview last month. "Free AI should be great for chips."

Huang jumped headfirst into a debate that had sprung up in Washington following the announcement of Kimi K3, a model developed by China's Moonshot AI that narrowed the gap with the most powerful American models. Politicians worried that Kimi K3 was potentially troublesome for national security, and that it represented intellectual property theft via a technique called distillation, which involves the use of answers from an advanced AI model's service to train a lighter model. 

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Policymakers questioned whether Chinese model developers could be subject to sanctions or other restrictions, similar to the rules placed on chip sales.

Huang posted an open letter, which argued that open-weight models allow companies greater control over their future, spur competition and bring down pricing.

"Open models strengthen safety and cybersecurity, accelerate innovation and diffusion, and enable sovereignty," Huang wrote in his debut X post.

Days later, Nvidia launched an AI safety consortium with companies including Microsoft that would focus on using open models and open-source software for cybersecurity.

Open-source AI is one of the hottest topics in Silicon Valley. On Monday, Meta CEO Mark Zuckerberg published a lengthy manifesto arguing for open-source AI, as his company released a coding model called Muse Spark.

"Our goal should be for American open source models to be the best globally," Zuckerberg wrote.

Nvidia said companies including CrowdStrike, CodeRabbit and Harvey have tested and customized its latest model. The chipmaker said it was developed particularly for agents, or AI programs that can run autonomously in the background.

Nemotron 3.5 Lightning will also be available on HuggingFace and Nvidia's website. Additionally, Nvidia released software called NeMo Switchyard that can determine the cheapest and most appropriate AI model for any given task.

Nvidia representatives said Monday that the company had used distillation to give Nemotron 3.5 Lightning similar capabilities to its larger Nemotron models.

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Nvidia CEO Jensen Huang has built the company into the leading provider of AI chips. (Patrick T. Fallon / AFP via Getty Images)

Nvidia was rising early Tuesday. The chip maker’s plan to line up $500 billion in financing for its customers is getting a tentative thumbs-up from shareholders, including Cathie Wood’s ARK Invest which is scooping up shares.

Axiom Investment Management LLC purchased a new stake in NVIDIA Corporation (NASDAQ:NVDA – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,096 shares of the computer hardware maker’s stock, valued at approximately $2,458,000. NVIDIA comprises about 1.9% of Axiom Investment Management LLC’s holdings, making the stock its 11th biggest holding.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in NVIDIA in the 4th quarter valued at about $62,244,133,000. J. Stern & Co. LLP grew its stake in NVIDIA by 13,709.1% in 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 purchasing an additional 124,849,603 shares during the period. Cardano Risk Management B.V. increased its position 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 purchasing an additional 70,283,539 shares during the last quarter. Capital Research Global Investors raised its stake 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 purchasing an additional 22,896,705 shares during the period. Finally, Laurel Wealth Advisors LLC raised its stake in shares of 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 purchasing an additional 21,725,326 shares during the period. 65.27% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets In other news, Director John Dabiri sold 625 shares of the stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $214.00, for a total value of $133,750.00. Following the sale, the director directly owned 14,163 shares of the company’s stock, valued at approximately $3,030,882. This represents a 4.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 885,000 shares of the firm’s stock in a transaction on 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 directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,901,125 shares of company stock worth $410,583,015 in the last quarter. 3.94% of the stock is owned by company insiders.

NVIDIA Stock Down 2.9% NVIDIA stock opened at $217.55 on Tuesday. NVIDIA Corporation has a 1-year low of $164.07 and a 1-year high of $236.54. The firm has a market capitalization of $5.26 trillion, a price-to-earnings ratio of 33.32, a P/E/G ratio of 0.44 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. The firm has a 50 day simple moving average of $205.53 and a 200 day simple moving average of $197.54.

NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, topping 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 firm 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 business posted $0.81 earnings per share. The business’s quarterly revenue was up 85.2% on a year-over-year basis. On average, analysts predict that NVIDIA Corporation will post 8.79 earnings per share for the current year.

NVIDIA announced that its board has authorized a stock 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 buy up to 1.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

NVIDIA Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 4th were issued a dividend of $0.25 per share. 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. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. NVIDIA’s payout ratio is currently 15.31%.

Analyst Upgrades and Downgrades Several equities analysts recently weighed in on the stock. Rothschild & Co Redburn increased their price target on shares of NVIDIA from $280.00 to $300.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. CICC Research increased their target price on shares of NVIDIA from $240.60 to $268.30 and gave the company an “outperform” rating in a research report on Friday, May 22nd. Jefferies Financial Group restated a “buy” rating and set a $300.00 price target (up from $275.00) on shares of NVIDIA in a research note on Thursday, May 21st. KeyCorp reaffirmed an “overweight” rating and issued a $330.00 price target (up from $310.00) on shares of NVIDIA in a report on Tuesday, July 14th. Finally, Argus upped their price objective on NVIDIA from $220.00 to $270.00 and gave the company a “buy” rating 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 assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $304.26.

Get Our Latest Stock Analysis on NVIDIA

Key Stories Impacting NVIDIA Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: NVIDIA is reportedly partnering with Apollo Global Management, Blackstone, BlackRock’s Global Infrastructure Partners, Brookfield, Goldman Sachs and KKR on an AI infrastructure financing effort targeting up to $500 billion. The initiative could accelerate data-center construction and support future demand for NVIDIA’s GPUs. Nvidia teams up with Wall Street asset managers on $500 billion AI infrastructure push Positive Sentiment: Bank of America maintained a Buy rating and $350 price target, projecting second-quarter revenue of $94 billion to $95 billion—potentially $3 billion to $4 billion above NVIDIA’s guidance—and forecasting a “multi-quarter upgrade cycle.” BofA: Nvidia’s next earnings report could kick off a multi-quarter upgrade cycle Positive Sentiment: Analysts remain constructive ahead of the August 26 earnings report, citing expected $91 billion of quarterly revenue, gross margins near 75%, strong Data Center demand and continued adoption of Blackwell systems. Nvidia: Buy Before Q2 Shows The AI Factory Trade Is Still Early Neutral Sentiment: NVIDIA is reportedly considering investing as much as $3 billion in Lancium, an AI data-center power infrastructure company. The investment could strengthen NVIDIA’s ecosystem position, but it also adds to questions about how much capital the chipmaker should devote to investments instead of share buybacks. Nvidia Stock Slips as Its AI Investments Draw Fresh Scrutiny Negative Sentiment: Investors are increasingly focused on NVIDIA’s expanding role in financing the AI buildout. Mark Cuban compared the strategy with dot-com-era companies that funded customers, raising concerns that financing could amplify concentration and credit risks if AI spending fails to generate adequate returns. Mark Cuban warned Nvidia’s AI financing could crumble the market Negative Sentiment: Reports that Microsoft is reconsidering its reliance on NVIDIA in favor of internally developed AI silicon highlight a potential long-term customer-concentration and pricing risk, even though near-term demand remains robust. Microsoft rethinks its Nvidia reliance 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.

Featured Articles Five stocks we like better than NVIDIA SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat 3 Dividend Champion Utilities for a Market That Can’t Sit Still These 3 Most-Upgraded Stocks Have Almost Nothing to Do With AI First Solar’s Profit Engine Faces a New Policy Test in Washington 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 makes a massive financing push, teaming up with top Wall Street bosses who pledge more than half a trillion dollars in capital. CEO Jensen Huang tells CNBC that his company's chips platform will become its own asset class.

Nvidia is turning to Wall Street to keep the AI spending boom moving, expanding from selling chips to helping customers finance the infrastructure that uses them. The company announced partnerships with Apollo, BlackRock, Blackstone, Brookfield, Goldman Sachs and KKR to mobilise more than $500 billion of third-party capital for AI infrastructure over time.

It may seem ludicrous: the idea that a company with a $5.3 trillion valuation and the largest market cap of any publicly traded company might still be a cheap buy when factoring in its growth potential. But that's precisely the bull case for chipmaking giant Nvidia (NVDA -2.86%).

While it has a sky-high market cap, it's backed by strong financials. The company has been a profit-generating beast over the years, so its valuation relative to earnings isn't outlandish. Some analysts and investors even argue that it may be a bargain.

Is that really the case, and is tech stock a good buy, even at its elevated levels?

Image source: Getty Images.

Nvidia's stock seems like a bargain -- if you believe analyst projections A key metric for growth investors to gauge a stock's value based on its long-term growth rate is the price-to-earnings-growth (PEG) multiple. It takes into account the stock's current earnings multiple and divides it by the expected growth rate over the next five years. If it's below 1.0, then the stock is considered a cheap buy. And the lower the PEG goes, the better of a buy it is.

Currently, Nvidia's PEG multiple is 0.62, well below the 1.0 cutoff. This relies heavily on the assumption that tech companies will continue to invest heavily in artificial intelligence (AI) and that Nvidia's chips will remain in high demand, enabling it to grow its top and bottom lines at a high rate for the foreseeable future.

But expectations can be wrong. While AI can enhance day-to-day operations, there's a risk that expectations have gotten out of control yet again and that another bubble has emerged. If that happens and the growth story unravels, then Nvidia, along with a flurry of tech stocks, could crash. If not, and AI proves to be the game changer many believe it will be, then Nvidia is indeed a cheap buy and may still rise a whole lot higher.

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Why I wouldn't buy Nvidia I'm skeptical about all the AI growth, but that's not the only reason I'd be careful with Nvidia. Even if the business continues to flourish, I don't believe the stock has much more runway to become more valuable. Even in the bullish case where AI spending remains strong, Nvidia may inevitably run out of room to rise higher. Plus, the more lucrative the opportunity, the more competition there will inevitably be. Tech companies have already been making their own chips, and those efforts could intensify.

Nvidia has been a terrific growth stock, but with so much depending on future expectations and so much vulnerability, it's not an investment I'd feel comfortable holding, especially when there are so many other quality growth stocks to choose from.

Apollo, Blackstone and BlackRock were among the firms that committed to the deal.

Nvidia Corp. (NVDA, Financials), the best producer of AI processors, is emerging from its best week in more than a year after a new endorsement from Elon Musk g

Key Takeaways Sandisk's Q4 revenues jumped 51% sequentially as datacenter demand drove its AI-fueled growth. SNDK expects Q1 FY27 revenues of $10.3B-$10.8B and gross margins of 83%-85%. Sandisk's NBM agreements improve revenue visibility, while analysts see further upside for SNDK. Investors are keeping an eye on NVIDIA Corporation’s (NVDA - Free Report) earnings later this month, as the results could signal strength in artificial intelligence (AI) demand and set the tone for the broader tech sector. NVIDIA has consistently reported strong quarterly performances, banking on robust demand for its state-of-the-art chips and CUDA software platform. 

However, the stock has gained only 20.1% this year, indicating that investors’ expectations remain exceptionally high. Investors are also concerned that any possibility of a slowdown in AI spending, export restrictions on the sale of chips to China, and stiffer competition could weigh on NVIDIA’s margins. 

Thus, it’s prudent for investors to closely watch strong performers across the AI ecosystem that have delivered substantial gains this year and are poised to scale higher in the near term. Sandisk Corporation (SNDK - Free Report) stands out, with its shares surging 410.7% year to date and appearing well positioned for further upside. Let’s explore why Sandisk is the real AI winner – 

Sandisk’s Growth and Pricing Power Fuel Upside Sandisk recently reported strong fiscal fourth-quarter 2026 financial results. The company’s revenues for the fiscal fourth quarter were $8.97 billion, up 51% quarter over quarter, while revenues for the fiscal year 2026 reached $20.25 billion, up 175% from a year ago, according to investor.sandisk.com.  

Datacenter has emerged as the key growth engine for Sandisk, with revenues from the segment jumping 437% in fiscal 2026. As AI models continue to grow larger and process more data, demand for high-capacity storage solutions has increased, benefiting Sandisk.  

The sequential revenue growth was driven not only by selling more units but also by higher pricing, indicating that Sandisk’s customers are willing to pay more for the company’s products, translating into higher margins and stronger cash flows.  

Looking ahead, Sandisk expects exceptionally high non-GAAP gross margins for the fiscal first quarter of 2027, guiding for 83% to 85%. For the fiscal first quarter, revenues are expected to come in at $10.3B-$10.8B, and at the midpoint, that would represent approximately 17.6% sequential growth. The outlook confirms that Sandisk expects strong growth and pricing momentum to continue into fiscal 2027. 

Clients are increasingly interested in establishing strategic relationships with Sandisk. During the company’s April earnings call, Sandisk announced five New Business Model agreements, and since then it has signed five more, improving revenue visibility and enhancing cash flow predictability. 

Therefore, Sandisk is a potential winner in the broader AI ecosystem, banking on strong growth, pricing power, margins and customer agreements. Consequently, the company’s expected earnings growth rate for the current year is 173.8%. The Zacks Consensus Estimate of $194.06 for SNDK’s earnings per share is up 1767.8% year over year.

 

Image Source: Zacks Investment Research

Brokers also remain confident of the company’s growth prospects, estimating an average short-term price target for SNDK stock of $2,287.05, which represents an 88.7% increase from the last closing price of $1,212.21. The highest target is $3,169, suggesting a potential upside of 161.4%.

 

Image Source: Zacks Investment Research

Sandisk currently has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here.

In this article

NVDA

The Nvidia Corp.'s logo on the company's Blackwell GPU chip displayed at the Nvidia AI Summit Japan in Tokyo, Japan, on Wednesday, Nov. 13, 2024. (Akio Kon/Bloomberg)

Nvidia was slipping on Monday. The chip maker’s recent strong run looked set to pause following a report of another multibillion-dollar investment.

Nvidia NVDA shares slipped on Monday after reports highlighted the chipmaker's expanding role in financing and investing across the artificial intelligence infrastructure buildout.

Nvidia stock fell over 3% to around $217 in afternoon trading.

The reported Lancium investment added to investor scrutiny of Nvidia's growing activity across the artificial intelligence supply chain, as the company increasingly uses its cash to invest in businesses connected to the AI infrastructure boom.

The broader market was little changed as investors monitored developments in the Middle East.

The S&P 500 traded around the flatline amid growing doubts over whether the US and Iran will reach a lasting resolution to their conflict in the near term.

The Nasdaq Composite and Dow Jones Industrial Average were also little changed.

The three major US indexes entered Monday after posting their strongest weekly performances since April, with the S&P 500 ending the previous week at a record closing high.

Technology-focused news outlet The Information reported Friday that Nvidia has agreed to invest $2 billion for a 20% stake in Lancium, which is backed by investment company Blackstone.

Nvidia also has the option to invest an additional $1 billion if certain milestones are met, according to the report.

Lancium is the power-infrastructure developer behind the Stargate AI campus in Texas, a project involving OpenAI and Oracle.

The Lancium investment is part of a broader expansion of Nvidia's investment activity.

FactSet data show the company made 66 private-company investments across 2025 and 2026.

The Lancium report comes alongside a separate development highlighting Nvidia's growing role in financing the wider AI infrastructure buildout.

The Financial Times reported that some of the world's largest financial groups are working with Nvidia to assemble a $500 billion funding package for AI infrastructure development.

A consortium, including Apollo Global, Blackstone, BlackRock, Brookfield Asset Management, Goldman Sachs, and KKR, is entering a partnership with Nvidia to invest in the AI buildout, six people briefed on the talks told the Financial Times.

The deal could be announced as soon as Monday, the report said.

The partnership would underscore Nvidia's efforts to help raise capital for itself and its customers as companies build the chips, power infrastructure, and data centers needed for the AI boom.

Nvidia has also provided financial backing to help AI partners raise debt in capital markets.

Such arrangements can support demand for Nvidia's products by helping its customers finance infrastructure purchases.

However, the interconnected nature of these transactions has raised concerns about concentrated risks within the AI infrastructure market, particularly as Nvidia becomes involved not only in supplying chips but also in helping finance the ecosystem that purchases them.

Nvidia has rallied over the past week as investors regained confidence in its position in the artificial intelligence semiconductor market.

One recent source of support came from Elon Musk's SpaceX.

During SpaceX's latest earnings call, Musk said the company had decided to build its AI infrastructure exclusively around Nvidia's Vera Rubin architecture, calling it the best architecture.

The commitment reinforced Nvidia's position as a preferred supplier for large-scale AI infrastructure and eased some concerns over competition from rival chipmakers and custom-designed processors.

Nvidia's recent valuation has also attracted attention after the stock's earlier pullback.

Morningstar said Nvidia now fits the profile of a growth-at-a-reasonable-price investment and maintained its $280 fair value estimate.

Investor attention is increasingly turning to Nvidia's earnings report, scheduled for August 26.

Analysts expect earnings per share of $2.09, representing 98.6% growth from a year earlier, and revenue of $91.8 billion, up 96.3% year over year.

Beyond the headline figures, investors are expected to focus on management commentary about customer demand, order trends, data-center spending, and adoption of next-generation processors.

Nvidia's expanding investment activity is likely to remain another area of focus as investors assess whether such deals are helping strengthen the AI ecosystem and ultimately supporting demand for the company's chips.

Investors are also expected to scrutinize so-called circular AI deals, in which technology companies invest in AI startups or infrastructure projects that subsequently use funding to purchase chips and cloud services.

The structures have drawn scrutiny because they could potentially inflate demand if spending remains concentrated among a relatively small group of technology companies.

The reported Lancium investment, alongside Nvidia's broader financing initiatives, therefore adds another dimension to the debate over the company's role in the AI boom.

Nvidia is no longer simply supplying the chips powering the buildout. It is increasingly helping finance and develop the infrastructure required to deploy them.

Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) is set to report second-quarter earnings after the market closes on August 26 and Bank of America thinks the chipmaker is about to do what it usually does: beat expectations and raise its outlook, only this time with an extra catalyst behind it.

In a note maintaining its Buy rating and $350 price objective on the stock, BofA analysts said they expect Nvidia to post revenue of $94 billion to $95 billion, a $3 billion to $4 billion beat above the company's own $91 billion guidance.

More notable, though, is what they expect for guidance going forward: a raise to $107 billion to $108 billion, well above the roughly $104 billion that Wall Street analysts are currently modeling.

The reason for that optimism comes down to timing. Nvidia's next-generation Vera Rubin platform is starting to ship, along with new Vera CPU ramps, and BofA points to strong cloud capital spending trends as further support. The analysts also flagged that spot prices for renting GPU capacity have hit all-time highs, which they say could ease lingering concerns about return on investment and speed up how quickly customers move to the new generation of chips.

Rising memory prices are a worry across chipmakers this year, but BofA doesn't see it hitting Nvidia hard. The firm expects gross margin to settle around 73% to 74% long-term, down only modestly from about 75% today.

On upcoming Vera Rubin racks, the margin hit from memory is just 60 basis points versus the current Blackwell Ultra generation. New "pod-level" systems could see a steeper 500-basis-point hit, but BofA expects those to stay a small part of the mix. Long-term supply deals, including Nvidia's ties to SK Hynix, should also help cushion the pressure.

Critics argue Nvidia's direct stakes in customers like OpenAI ($30 billion) and Anthropic ($10 billion) artificially inflate demand. BofA counters that the roughly $70 billion invested so far is just 15% of the $470 billion in free cash flow it expects Nvidia to generate in 2026 and 2027, leaving room to keep returning 50% of free cash flow to shareholders. A separate $250 billion OpenAI/SB Energy backstop isn't upfront money either, BofA notes, but a contingent guarantee that only triggers on default, with payments back-end loaded to 2028 or later.

Five things to watch beyond the headline numbers BofA laid out what it considers the real debates investors should be paying attention to this quarter, beyond just whether Nvidia beats and raises:

The Vera Rubin rollout - any updates on supply and whether Nvidia's forecast of more than $1 trillion in revenue from calendar years 2025 through 2027 changes. OpenAI's financing arrangement - specifically, more clarity on the vendor financing and backstop deal, and when Nvidia might be able to redirect that cash toward stock buybacks instead. Whether margins hold up as memory costs keep rising. Memory now makes up 40% to 50% of the cost to build Nvidia's systems, compared with 15% to 20% or so historically. How hyperscalers are growing compared to what BofA calls ACIE (its term for AI cloud infrastructure providers outside the traditional hyperscalers). The open-versus-closed AI model debate and what it means for the size of Nvidia's addressable market.

Billionaire Mark Cuban's warning that Nvidia's (NVDA +2.27%) aggressive artificial intelligence (AI) financing could "crumble" the market is one investors should take seriously. This isn't because Nvidia is suddenly a bad business, but because its AI financing has quietly turned it into a central node in a very leveraged, very interconnected system.

Image source: Getty Images.

Cuban's point is pretty simple. In his July posts, he compared Nvidia's role in this AI boom to the IPO machine of the dot‑com era, arguing that "instead of IPOs, Nvidia is the IPO, funding everyone and anyone." By offering financing, revenue‑sharing, and minimum‑revenue guarantees to data center operators and neoclouds, Nvidia is effectively subsidizing customers' GPU purchases and build-outs. That makes sense if demand keeps soaring and everyone can pay their bills. It could be fragile if even one big customer stumbles.

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Under the hood, there is a lot of "creative" money at work. Nvidia has already committed more than $40 billion to AI investments in early 2026, including huge stakes and financing packages tied to OpenAI, Corning, and Iren. Deals like the proposed $100 billion OpenAI data center plan and multi‑billion-dollar SPV structures for xAI rely on GPUs as collateral, long‑dated lease obligations, and assumptions about AI revenue that are still unproven. Legal analysts are already warning that AI data center funding involves layered private credit, securitizations, and off‑balance‑sheet vehicles where distress in one node can propagate across banks, insurers, and pension funds.

Investors should take Cuban seriously Cuban's "crumble" language goes straight at that. If Nvidia is deeply intertwined with hundreds of operators who all borrowed to buy its chips, then a misstep -- weaker AI demand, a faster‑than‑expected hardware cycle, or a rival chip breakthrough -- could expose the fact that too much infrastructure was built too fast. GPUs depreciate faster than many models assume, and Nvidia itself has moved to a one‑year upgrade cadence, which raises the risk that collateral won't hold its value if the cycle slows.

From a market‑wide perspective, the problem is not just Nvidia's equity price. It is that Nvidia's financing has become a pillar of the AI build-out, with junk bonds, SPVs, and private credit all leaning on the same bet. If those bets go wrong, you could see credit stress spread far beyond tech stocks into lenders and institutions that financed the data center boom.

So yes, I think investors should take Cuban's warning seriously. Nvidia is still a phenomenal business, but the way it is now funding AI infrastructure means everyone exposed to this theme needs to think not just about earnings, but about counterparty risk and leverage across the ecosystem, especially if you own the lenders as well as the chips.

Nvidia is evolving from a semiconductor manufacturer to a system architect, integrating compute, networking, memory, and software for AI infrastructure leadership. NVDA's early supply chain commitments and ecosystem breadth create a durable competitive advantage, enabling rapid scaling and system-wide optimization beyond GPU performance alone. Despite rising competition and customer concentration risks, NVDA's platform flexibility and software ecosystem drive continued Data Center growth and robust earnings leverage.

Nvidia, AMD and Tesla shares rose in premarket trading on Monday as Wall Street extended Friday’s technology-led rally after a weak US jobs report.

Nvidia gained about 0.4%, AMD around 0.9% and Tesla roughly 1% early, while Nasdaq 100 futures rose 0.4%.

The S&P 500 closed at a record on Friday after July payrolls unexpectedly fell by 23,000, pushing the probability of a September Federal Reserve rate increase down to roughly 44%.

The question now is whether easing rate pressure can keep lifting growth stocks, or whether Wednesday’s inflation report forces investors to rethink the trade.

Nvidia enters the week with the strongest fundamental momentum.

Shares jumped 11.6% last week, their best weekly advance since May 2025, after Elon Musk said SpaceX would build its future AI infrastructure exclusively on Nvidia’s Vera Rubin architecture.

Amazon, Alphabet and Meta have also continued signalling heavy AI infrastructure spending.

Wolfe Research analyst Chris Caso said SpaceX’s planned computing expansion alone could account for more than the $160 billion of incremental Nvidia data-centre growth Wall Street expects in 2027.

Caso said the announcement showed AI spending growth could continue and argued that consensus estimates looked “very conservative”.

That gives Nvidia more than a rate-sensitive bounce. SpaceX represents another major customer while investors debate whether the AI capital-spending cycle is nearing a peak.

Barron’s also noted on Monday that investors have recently favoured established market leaders such as Nvidia over competitors still needing to prove execution.

AMD’s setup is different as its second-quarter numbers were strong, but investors had priced in something close to perfection.

Revenue reached a record $11.54 billion, up 50% year on year, while adjusted earnings came in at $1.66 a share.

Yet third-quarter adjusted gross-margin guidance of 56%, unchanged from Q2, disappointed investors looking for stronger operating leverage from booming AI demand.

William Blair analyst Sebastien Naji said AMD’s report left “much to prove,” pointing to intense competition and the need for Helios to translate into accelerator share gains.

JPMorgan’s Harlan Sur similarly said gross-margin guidance landed modestly below buy-side expectations.

Still, Susquehanna analyst Christopher Rolland expects AMD’s server CPUs to remain strong and sees a data-centre GPU revenue ramp later this year as MI450 chips and Helios deployments accelerate.

AMD has also agreed to acquire AI-inference specialist Taalas, extending its effort to build a broader AI platform.

Tesla stock remains the wildcard before CPITesla’s rebound depends on investors believing its autonomy story can eventually outweigh weak near-term profitability.

The shares gained 2.8% on Friday and added another 1% premarket Monday. Stifel maintains a Buy rating and $491 target, citing progress in Full Self-Driving and Robotaxi, alongside improving vehicle demand and Tesla’s strongest order backlog since 2023.

Jefferies is cautious. The firm cut its target to $350 from $400 and retained a Hold rating after reducing its 2026 EBIT forecast by 37% to $3.9 billion, citing disappointing second-quarter operating leverage.

That divide makes Tesla the most sensitive test of Monday’s risk appetite.

Posted by Defense World Staff on Aug 9th, 2026

Chesapeake Wealth Management reduced its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 5.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,182 shares of the computer hardware maker’s stock after selling 3,040 shares during the quarter. NVIDIA makes up approximately 2.8% of Chesapeake Wealth Management’s holdings, making the stock its 8th biggest position. Chesapeake Wealth Management’s holdings in NVIDIA were worth $9,101,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NVDA. Spectrum Financial Alliance Ltd LLC lifted its position in NVIDIA by 3.8% during the 1st quarter. Spectrum Financial Alliance Ltd LLC now owns 1,395 shares of the computer hardware maker’s stock worth $243,000 after buying an additional 51 shares in the last quarter. LMG Wealth Partners LLC grew its holdings in shares of NVIDIA by 0.7% in the 4th quarter. LMG Wealth Partners LLC now owns 7,649 shares of the computer hardware maker’s stock valued at $1,427,000 after acquiring an additional 53 shares in the last quarter. Vision Financial Markets LLC increased its position in shares of NVIDIA by 1.2% in the third quarter. Vision Financial Markets LLC now owns 4,640 shares of the computer hardware maker’s stock valued at $866,000 after acquiring an additional 53 shares during the last quarter. JGP Global Gestao de Recursos Ltda. raised its holdings in NVIDIA by 2.3% during the fourth quarter. JGP Global Gestao de Recursos Ltda. now owns 2,402 shares of the computer hardware maker’s stock worth $448,000 after acquiring an additional 55 shares in the last quarter. Finally, Penobscot Wealth Management grew its stake in NVIDIA by 0.7% in the first quarter. Penobscot Wealth Management now owns 7,930 shares of the computer hardware maker’s stock valued at $1,383,000 after purchasing an additional 55 shares in the last quarter. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NVIDIA In other NVIDIA news, Director Stephen C. Neal sold 15,500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director directly owned 116,135 shares in the company, valued at $25,053,803.55. This trade represents a 11.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens sold 885,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $210.17, for a total value of $186,000,450.00. Following the sale, the director owned 5,207,271 shares of the company’s stock, valued at approximately $1,094,412,146.07. This represents a 14.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,901,125 shares of company stock valued at $410,583,015 in the last three months. 3.94% of the stock is currently owned by company insiders.

NVIDIA Trading Up 2.3% Shares of NVIDIA stock opened at $223.96 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. The business has a fifty day simple moving average of $205.66 and a two-hundred day simple moving average of $197.19. 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 $5.42 trillion, a price-to-earnings ratio of 34.30, a P/E/G ratio of 0.44 and a beta of 2.23.

NVIDIA (NASDAQ:NVDA – Get Free Report) last released 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. 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 company’s quarterly revenue was up 85.2% on a year-over-year basis. During the same period in the previous 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 has authorized a stock repurchase program on Wednesday, May 20th that permits the company to buyback $80.00 billion in outstanding shares. This buyback authorization permits 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 shares are undervalued.

NVIDIA Increases Dividend The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 4th were paid a $0.25 dividend. This is an increase from NVIDIA’s previous quarterly dividend of $0.01. The ex-dividend date was Thursday, June 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. NVIDIA’s dividend payout ratio (DPR) is currently 15.31%.

Analyst Upgrades and Downgrades NVDA has been the topic of a number of analyst reports. China Renaissance assumed coverage on NVIDIA in a research note on Friday, June 5th. They set a “buy” rating and a $319.00 price objective on the stock. New Street Research lowered their target price on shares of NVIDIA from $343.00 to $340.00 in a report on Thursday, May 21st. Craig Hallum increased their price target 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. Barclays reissued an “overweight” rating on shares of NVIDIA in a research report on Thursday, May 21st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $325.00 target price 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 issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $304.26.

View Our Latest Stock Analysis on NVIDIA

More NVIDIA News Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: Reports that SpaceX plans to deploy NVIDIA’s next-generation AI hardware across terrestrial and orbital computing infrastructure reinforced expectations for another major customer and expanded demand for NVIDIA systems. Time to Buy Nvidia or SpaceX Stock After Their AI Partnership? Positive Sentiment: Strong spending by hyperscalers, demand for AI data-center capacity, and NVIDIA-backed projects such as Firmus’ $2 billion fundraising in Australia and Asia-Pacific supported the view that AI infrastructure investment remains robust. Firmus nearly doubles valuation to over $10.5 billion Positive Sentiment: Analyst and market commentary highlighted NVIDIA’s leadership in sovereign AI, with one report estimating a 92% share, while investors continued to describe the company as evolving from a GPU supplier into a broader AI infrastructure platform. What’s Going On With NVIDIA Stock Friday? Positive Sentiment: Recent commentary pointed to accelerating AI demand, strong cash flow and valuation support, with the median analyst price target reported at $308.50 versus recent trading levels. Should You Buy NVIDIA Stock After Its 11% Rally in a Month? Neutral Sentiment: NVIDIA’s rally has lifted the stock roughly 12% over five sessions, increasing focus on the upcoming earnings report. Analysts remain constructive, but some traders are pausing because near-term catalysts may be limited after the sharp advance. Two reasons why Nvidia’s stock saw its biggest weekly surge Negative Sentiment: AMD’s acquisition of AI-inference chip startup Taalas could strengthen its competitive position and create a longer-term challenge to NVIDIA, although initial investor commentary suggested the deal does not immediately close NVIDIA’s AI gap. AMD Is Buying Its Way Deeper Into AI Inference Negative Sentiment: QuiverQuant data showed 45 NVIDIA insider sales and no insider purchases during the past six months, a potential caution signal as the stock trades near its highs. NVIDIA Stock Opinions on AI Market Position 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.

Read More Five stocks we like better than NVIDIA Quantum Earnings Week: Winners and Losers Are Finally Emerging Axon’s Post-Earnings Pullback May Be More About Valuation Than Growth Uber Stock Lags in 2026, But Cash Flow and AV Bets Fuel Upside AppLovin Stock Hits 52-Week Low as Analysts Trim Targets, Stay Bullish 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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Posted by Defense World Staff on Aug 9th, 2026

Centaurus Financial Inc. lifted its holdings in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 1.5% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 333,612 shares of the computer hardware maker’s stock after purchasing an additional 4,927 shares during the period. NVIDIA makes up 2.8% of Centaurus Financial Inc.’s holdings, making the stock its biggest holding. Centaurus Financial Inc.’s holdings in NVIDIA were worth $58,182,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in NVDA. Lifetime Wealth Management P.C. acquired a new stake in shares of NVIDIA in the fourth quarter valued at $26,000. Longview Financial Advisors Inc. purchased a new stake in NVIDIA during the 1st quarter worth about $27,000. Longfellow Investment Management Co. LLC increased its holdings in NVIDIA by 47.9% during 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. acquired a new stake in NVIDIA in the 1st quarter valued at about $40,000. Finally, Inspire Investing LLC purchased a new position in shares of NVIDIA in the 4th quarter valued at about $44,000. 65.27% of the stock is currently owned by institutional investors and hedge funds.

NVIDIA Stock Performance Shares of NVIDIA stock opened at $223.96 on Friday. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.04. NVIDIA Corporation has a 52 week low of $164.07 and a 52 week high of $236.54. The firm’s 50 day moving average is $205.66 and its two-hundred day moving average is $197.19. The firm has a market capitalization of $5.42 trillion, a P/E ratio of 34.30, a P/E/G ratio of 0.44 and a beta of 2.23.

NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.11. The business had revenue of $81.61 billion during 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 company’s revenue was up 85.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.81 EPS. Research analysts forecast that NVIDIA Corporation will post 8.79 EPS for the current fiscal year.

NVIDIA announced that its Board of Directors has authorized a stock repurchase program on Wednesday, May 20th that allows the company to buyback $80.00 billion in shares. This buyback authorization allows the computer hardware maker to buy up to 1.5% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

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. 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. The ex-dividend date was Thursday, June 4th. NVIDIA’s payout ratio is presently 15.31%.

Insider Activity In other news, Director Mark A. Stevens sold 885,000 shares of the business’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $210.17, for a total value of $186,000,450.00. Following the completion of the sale, the director directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen C. Neal sold 15,500 shares of the firm’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 value of $3,343,815.00. Following the transaction, the director owned 116,135 shares in the company, valued at $25,053,803.55. This represents a 11.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,901,125 shares of company stock valued at $410,583,015. Insiders own 3.94% of the company’s stock.

More NVIDIA News Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: Reports that SpaceX plans to deploy NVIDIA’s next-generation AI hardware across terrestrial and orbital computing infrastructure reinforced expectations for another major customer and expanded demand for NVIDIA systems. Time to Buy Nvidia or SpaceX Stock After Their AI Partnership? Positive Sentiment: Strong spending by hyperscalers, demand for AI data-center capacity, and NVIDIA-backed projects such as Firmus’ $2 billion fundraising in Australia and Asia-Pacific supported the view that AI infrastructure investment remains robust. Firmus nearly doubles valuation to over $10.5 billion Positive Sentiment: Analyst and market commentary highlighted NVIDIA’s leadership in sovereign AI, with one report estimating a 92% share, while investors continued to describe the company as evolving from a GPU supplier into a broader AI infrastructure platform. What’s Going On With NVIDIA Stock Friday? Positive Sentiment: Recent commentary pointed to accelerating AI demand, strong cash flow and valuation support, with the median analyst price target reported at $308.50 versus recent trading levels. Should You Buy NVIDIA Stock After Its 11% Rally in a Month? Neutral Sentiment: NVIDIA’s rally has lifted the stock roughly 12% over five sessions, increasing focus on the upcoming earnings report. Analysts remain constructive, but some traders are pausing because near-term catalysts may be limited after the sharp advance. Two reasons why Nvidia’s stock saw its biggest weekly surge Negative Sentiment: AMD’s acquisition of AI-inference chip startup Taalas could strengthen its competitive position and create a longer-term challenge to NVIDIA, although initial investor commentary suggested the deal does not immediately close NVIDIA’s AI gap. AMD Is Buying Its Way Deeper Into AI Inference Negative Sentiment: QuiverQuant data showed 45 NVIDIA insider sales and no insider purchases during the past six months, a potential caution signal as the stock trades near its highs. NVIDIA Stock Opinions on AI Market Position Wall Street Analyst Weigh In A number of analysts recently weighed in on NVDA shares. Citic Securities upped their target price on shares of NVIDIA from $242.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, May 22nd. Wolfe Research reiterated an “outperform” rating and set a $275.00 price target on shares of NVIDIA in a report on Thursday, May 21st. Melius Research set a $400.00 price objective on shares of NVIDIA in a research report on Thursday, May 21st. Sanford C. Bernstein restated a “buy” rating on shares of NVIDIA in a report on Monday, June 29th. Finally, UBS Group lifted their price objective on shares of NVIDIA from $275.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Three 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, NVIDIA presently has an average rating of “Buy” and an average price target of $304.26.

Check Out 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.

Read More Five stocks we like better than NVIDIA Quantum Earnings Week: Winners and Losers Are Finally Emerging Axon’s Post-Earnings Pullback May Be More About Valuation Than Growth Uber Stock Lags in 2026, But Cash Flow and AV Bets Fuel Upside AppLovin Stock Hits 52-Week Low as Analysts Trim Targets, Stay Bullish

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Posted by Defense World Staff on Aug 9th, 2026

Encore Global Management LP bought a new stake in NVIDIA Corporation (NASDAQ:NVDA – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 20,500 shares of the computer hardware maker’s stock, valued at approximately $3,575,000. NVIDIA comprises 2.5% of Encore Global Management LP’s investment portfolio, making the stock its 9th biggest position.

A number of other institutional investors have also modified their holdings of NVDA. Lifetime Wealth Management P.C. acquired a new position in NVIDIA in the 4th quarter valued at $26,000. Longview Financial Advisors Inc. acquired a new stake in shares of NVIDIA in the 1st quarter worth $27,000. Longfellow Investment Management Co. LLC boosted its holdings in shares of NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after acquiring an additional 67 shares in the last quarter. Phillip James Consulting Co. purchased a new stake in shares of NVIDIA in the first quarter valued at about $40,000. Finally, Spurstone Advisory Services LLC acquired a new position in shares of NVIDIA during the second quarter worth about $40,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

Insider Buying and Selling In other NVIDIA news, Director John Dabiri sold 625 shares of the business’s stock in a transaction 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 sale, 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 ownership of the stock. The transaction 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 Mark A. Stevens sold 885,000 shares of the company’s 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 sale, the director directly owned 5,207,271 shares in the company, valued at $1,094,412,146.07. This trade represents a 14.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,901,125 shares of company stock valued at $410,583,015. 3.94% of the stock is owned by insiders.

Analysts Set New Price Targets NVDA has been the subject of several analyst reports. Bank of America reissued a “buy” rating and set a $350.00 price target (up from $320.00) on shares of NVIDIA in a report on Thursday, May 21st. Robert W. Baird set a $500.00 target price on NVIDIA and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Rothschild & Co Redburn increased their target price on NVIDIA from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Wells Fargo & Company reissued an “overweight” rating and issued a $315.00 price target (up from $265.00) on shares of NVIDIA in a report on Tuesday, May 12th. Finally, DA Davidson reissued a “buy” rating and issued a $300.00 price target on shares of NVIDIA in a report on Monday, June 1st. 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 stock. According to data from MarketBeat.com, NVIDIA has an average rating of “Buy” and a consensus target price of $304.26.

Read Our Latest Stock Report on NVIDIA

NVIDIA Stock Up 2.3% NVDA stock opened at $223.96 on Friday. 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 company’s 50-day moving average price is $205.66 and its 200 day moving average price is $197.19. NVIDIA Corporation has a 52 week low of $164.07 and a 52 week high of $236.54. The company has a market cap of $5.42 trillion, a P/E ratio of 34.30, a P/E/G ratio of 0.44 and a beta of 2.23.

NVIDIA (NASDAQ:NVDA – Get Free Report) last issued 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 analysts’ expectations 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 last year, the company posted $0.81 earnings per share. On average, research analysts expect that NVIDIA Corporation will post 8.79 earnings per share for the current fiscal year.

NVIDIA announced that its Board of Directors has initiated 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 buy up to 1.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

NVIDIA Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 4th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, June 4th. This is an increase from NVIDIA’s previous quarterly dividend of $0.01. NVIDIA’s dividend payout ratio (DPR) is 15.31%.

Key Stories Impacting NVIDIA Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: Reports that SpaceX plans to deploy NVIDIA’s next-generation AI hardware across terrestrial and orbital computing infrastructure reinforced expectations for another major customer and expanded demand for NVIDIA systems. Time to Buy Nvidia or SpaceX Stock After Their AI Partnership? Positive Sentiment: Strong spending by hyperscalers, demand for AI data-center capacity, and NVIDIA-backed projects such as Firmus’ $2 billion fundraising in Australia and Asia-Pacific supported the view that AI infrastructure investment remains robust. Firmus nearly doubles valuation to over $10.5 billion Positive Sentiment: Analyst and market commentary highlighted NVIDIA’s leadership in sovereign AI, with one report estimating a 92% share, while investors continued to describe the company as evolving from a GPU supplier into a broader AI infrastructure platform. What’s Going On With NVIDIA Stock Friday? Positive Sentiment: Recent commentary pointed to accelerating AI demand, strong cash flow and valuation support, with the median analyst price target reported at $308.50 versus recent trading levels. Should You Buy NVIDIA Stock After Its 11% Rally in a Month? Neutral Sentiment: NVIDIA’s rally has lifted the stock roughly 12% over five sessions, increasing focus on the upcoming earnings report. Analysts remain constructive, but some traders are pausing because near-term catalysts may be limited after the sharp advance. Two reasons why Nvidia’s stock saw its biggest weekly surge Negative Sentiment: AMD’s acquisition of AI-inference chip startup Taalas could strengthen its competitive position and create a longer-term challenge to NVIDIA, although initial investor commentary suggested the deal does not immediately close NVIDIA’s AI gap. AMD Is Buying Its Way Deeper Into AI Inference Negative Sentiment: QuiverQuant data showed 45 NVIDIA insider sales and no insider purchases during the past six months, a potential caution signal as the stock trades near its highs. NVIDIA Stock Opinions on AI Market Position 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.

Featured Articles Five stocks we like better than NVIDIA Quantum Earnings Week: Winners and Losers Are Finally Emerging Axon’s Post-Earnings Pullback May Be More About Valuation Than Growth Uber Stock Lags in 2026, But Cash Flow and AV Bets Fuel Upside AppLovin Stock Hits 52-Week Low as Analysts Trim Targets, Stay Bullish

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Arete Wealth Advisors LLC reduced its position in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 1.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 195,411 shares of the computer hardware maker’s stock after selling 2,380 shares during the period. NVIDIA comprises about 2.4% of Arete Wealth Advisors LLC’s holdings, making the stock its 6th largest holding. Arete Wealth Advisors LLC’s holdings in NVIDIA were worth $34,077,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NVDA. Brighton Jones LLC boosted its stake in shares of NVIDIA by 12.4% in the fourth quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock valued at $43,631,000 after purchasing an additional 35,815 shares during the period. Bank Pictet & Cie Europe AG raised its stake in shares of NVIDIA by 1.0% in 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 acquiring an additional 22,929 shares in the last quarter. Highview Capital Management LLC DE raised its stake in shares of NVIDIA by 6.7% in 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 acquiring an additional 3,653 shares in the last quarter. Hudson Value Partners LLC boosted its holdings in NVIDIA by 30.7% in the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock valued at $6,805,000 after purchasing an additional 11,900 shares during the period. Finally, Wealth Group Ltd. boosted its holdings in 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 purchasing an additional 896 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity In related news, Director John Dabiri sold 625 shares of the 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 transaction, the director directly owned 14,163 shares of the company’s stock, valued at $3,030,882. This trade represents a 4.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 885,000 shares of the stock in a transaction on 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 directly owned 5,207,271 shares in the company, valued at $1,094,412,146.07. This trade represents a 14.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,901,125 shares of company stock worth $410,583,015. Corporate insiders own 3.94% of the company’s stock.

NVIDIA Price Performance Shares of NASDAQ NVDA opened at $223.96 on Friday. 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 Corporation has a fifty-two week low of $164.07 and a fifty-two week high of $236.54. The firm has a market capitalization of $5.42 trillion, a PE ratio of 34.30, a price-to-earnings-growth ratio of 0.44 and a beta of 2.23. The stock’s 50-day simple moving average is $205.66 and its 200-day simple moving average is $197.19.

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, beating analysts’ consensus estimates of $1.76 by $0.11. The firm had revenue of $81.61 billion during 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 firm’s quarterly revenue was up 85.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.81 earnings per share. As a group, equities research analysts forecast that NVIDIA Corporation will post 8.79 EPS for the current fiscal year.

NVIDIA announced that its board has authorized a stock buyback plan on Wednesday, May 20th that permits the company to repurchase $80.00 billion in shares. This repurchase authorization permits the computer hardware maker to repurchase up to 1.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

NVIDIA Increases Dividend The business also recently disclosed 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 was Thursday, June 4th. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. This is a boost from NVIDIA’s previous quarterly dividend of $0.01. NVIDIA’s payout ratio is presently 15.31%.

Analyst Upgrades and Downgrades Several equities research analysts have weighed in on NVDA shares. Daiwa Securities Group upped their price target on NVIDIA from $215.00 to $255.00 and gave the stock an “outperform” rating in a report on Friday, May 22nd. KeyCorp reissued an “overweight” rating and set a $330.00 price objective (up from $310.00) on shares of NVIDIA in a research report on Tuesday, July 14th. Susquehanna restated a “positive” rating and set a $275.00 target price (up from $250.00) on shares of NVIDIA in a research note on Tuesday, May 12th. UBS Group raised their target price on shares of NVIDIA from $275.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Finally, Tigress Financial reiterated a “strong-buy” rating and issued a $425.00 price target (up from $360.00) on shares of NVIDIA in a research note on Wednesday, May 27th. Three equities 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’s stock. According to MarketBeat.com, NVIDIA has an average rating of “Buy” and an average target price of $304.26.

View Our Latest Research Report on NVDA

Key Stories Impacting NVIDIA Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: Reports that SpaceX plans to deploy NVIDIA’s next-generation AI hardware across terrestrial and orbital computing infrastructure reinforced expectations for another major customer and expanded demand for NVIDIA systems. Time to Buy Nvidia or SpaceX Stock After Their AI Partnership? Positive Sentiment: Strong spending by hyperscalers, demand for AI data-center capacity, and NVIDIA-backed projects such as Firmus’ $2 billion fundraising in Australia and Asia-Pacific supported the view that AI infrastructure investment remains robust. Firmus nearly doubles valuation to over $10.5 billion Positive Sentiment: Analyst and market commentary highlighted NVIDIA’s leadership in sovereign AI, with one report estimating a 92% share, while investors continued to describe the company as evolving from a GPU supplier into a broader AI infrastructure platform. What’s Going On With NVIDIA Stock Friday? Positive Sentiment: Recent commentary pointed to accelerating AI demand, strong cash flow and valuation support, with the median analyst price target reported at $308.50 versus recent trading levels. Should You Buy NVIDIA Stock After Its 11% Rally in a Month? Neutral Sentiment: NVIDIA’s rally has lifted the stock roughly 12% over five sessions, increasing focus on the upcoming earnings report. Analysts remain constructive, but some traders are pausing because near-term catalysts may be limited after the sharp advance. Two reasons why Nvidia’s stock saw its biggest weekly surge Negative Sentiment: AMD’s acquisition of AI-inference chip startup Taalas could strengthen its competitive position and create a longer-term challenge to NVIDIA, although initial investor commentary suggested the deal does not immediately close NVIDIA’s AI gap. AMD Is Buying Its Way Deeper Into AI Inference Negative Sentiment: QuiverQuant data showed 45 NVIDIA insider sales and no insider purchases during the past six months, a potential caution signal as the stock trades near its highs. NVIDIA Stock Opinions on AI Market Position 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.

Read More Five stocks we like better than NVIDIA Quantum Earnings Week: Winners and Losers Are Finally Emerging Axon’s Post-Earnings Pullback May Be More About Valuation Than Growth Uber Stock Lags in 2026, But Cash Flow and AV Bets Fuel Upside AppLovin Stock Hits 52-Week Low as Analysts Trim Targets, Stay Bullish

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Atreides Management LP reduced its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 77.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,248,592 shares of the computer hardware maker’s stock after selling 4,176,639 shares during the quarter. NVIDIA comprises 4.4% of Atreides Management LP’s investment portfolio, making the stock its 5th biggest position. Atreides Management LP’s holdings in NVIDIA were worth $217,754,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of NVDA. State Street Corp boosted its stake in NVIDIA by 1.2% in the 4th quarter. State Street Corp now owns 991,480,489 shares of the computer hardware maker’s stock worth $184,911,111,000 after purchasing an additional 11,451,386 shares during the period. Geode Capital Management LLC increased its position in shares of NVIDIA by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 588,803,093 shares of the computer hardware maker’s stock valued at $109,446,217,000 after buying an additional 3,383,441 shares during the period. Norges Bank purchased a new stake in shares of NVIDIA in the fourth quarter worth about $62,244,133,000. Bank of America Corp DE lifted its holdings in shares of NVIDIA by 1.5% in the fourth quarter. Bank of America Corp DE now owns 187,181,484 shares of the computer hardware maker’s stock worth $34,909,347,000 after buying an additional 2,849,678 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of NVIDIA by 1.5% in the third quarter. Legal & General Group Plc now owns 181,203,035 shares of the computer hardware maker’s stock valued at $33,808,862,000 after acquiring an additional 2,609,560 shares during the period. 65.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In A number of analysts recently weighed in on the stock. Barclays reaffirmed an “overweight” rating on shares of NVIDIA in a report on Thursday, May 21st. Royal Bank Of Canada set a $280.00 price target on shares of NVIDIA in a report on Thursday, May 21st. Rosenblatt Securities restated a “buy” rating and set a $325.00 price target on shares of NVIDIA in a research report on Thursday, May 21st. DA Davidson reaffirmed a “buy” rating and issued a $300.00 price target on shares of NVIDIA in a report on Monday, June 1st. Finally, Stifel Nicolaus set a $282.00 price objective on NVIDIA and gave the stock a “buy” rating in a research report on Thursday, May 21st. Three investment analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, NVIDIA currently has an average rating of “Buy” and an average price target of $304.26.

View Our Latest Stock Analysis on NVIDIA

NVIDIA News Summary Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: Reports that SpaceX plans to deploy NVIDIA’s next-generation AI hardware across terrestrial and orbital computing infrastructure reinforced expectations for another major customer and expanded demand for NVIDIA systems. Time to Buy Nvidia or SpaceX Stock After Their AI Partnership? Positive Sentiment: Strong spending by hyperscalers, demand for AI data-center capacity, and NVIDIA-backed projects such as Firmus’ $2 billion fundraising in Australia and Asia-Pacific supported the view that AI infrastructure investment remains robust. Firmus nearly doubles valuation to over $10.5 billion Positive Sentiment: Analyst and market commentary highlighted NVIDIA’s leadership in sovereign AI, with one report estimating a 92% share, while investors continued to describe the company as evolving from a GPU supplier into a broader AI infrastructure platform. What’s Going On With NVIDIA Stock Friday? Positive Sentiment: Recent commentary pointed to accelerating AI demand, strong cash flow and valuation support, with the median analyst price target reported at $308.50 versus recent trading levels. Should You Buy NVIDIA Stock After Its 11% Rally in a Month? Neutral Sentiment: NVIDIA’s rally has lifted the stock roughly 12% over five sessions, increasing focus on the upcoming earnings report. Analysts remain constructive, but some traders are pausing because near-term catalysts may be limited after the sharp advance. Two reasons why Nvidia’s stock saw its biggest weekly surge Negative Sentiment: AMD’s acquisition of AI-inference chip startup Taalas could strengthen its competitive position and create a longer-term challenge to NVIDIA, although initial investor commentary suggested the deal does not immediately close NVIDIA’s AI gap. AMD Is Buying Its Way Deeper Into AI Inference Negative Sentiment: QuiverQuant data showed 45 NVIDIA insider sales and no insider purchases during the past six months, a potential caution signal as the stock trades near its highs. NVIDIA Stock Opinions on AI Market Position NVIDIA Trading Up 2.3% Shares of NVIDIA stock opened at $223.96 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 firm has a market cap of $5.42 trillion, a PE ratio of 34.30, a PEG ratio of 0.44 and a beta of 2.23. The company has a 50 day simple moving average of $205.66 and a two-hundred day simple moving average of $197.19.

NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 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 analyst estimates of $78.42 billion. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The business’s revenue for the quarter was up 85.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.81 EPS. Analysts expect that NVIDIA Corporation will post 8.79 earnings per share for the current fiscal year.

NVIDIA Increases Dividend The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 4th were paid a $0.25 dividend. This is a boost 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%. The ex-dividend date of this dividend was Thursday, June 4th. NVIDIA’s payout ratio is currently 15.31%.

NVIDIA announced that its Board of Directors has initiated a stock buyback program on Wednesday, May 20th that permits the company to repurchase $80.00 billion in shares. This repurchase authorization permits the computer hardware maker to buy up to 1.5% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

Insider Activity at NVIDIA In other news, Director Mark A. Stevens sold 885,000 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was 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 directly owned 5,207,271 shares in the company, valued at approximately $1,094,412,146.07. This represents a 14.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 value of $3,343,815.00. Following the completion of the transaction, the director owned 116,135 shares of the company’s stock, valued at $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 have sold a total of 1,901,125 shares of company stock valued at $410,583,015 over the last 90 days. 3.94% of the stock is owned by 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.

See Also Five stocks we like better than NVIDIA Quantum Earnings Week: Winners and Losers Are Finally Emerging Axon’s Post-Earnings Pullback May Be More About Valuation Than Growth Uber Stock Lags in 2026, But Cash Flow and AV Bets Fuel Upside AppLovin Stock Hits 52-Week Low as Analysts Trim Targets, Stay Bullish 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).

Receive News & Ratings for NVIDIA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NVIDIA and related companies with MarketBeat.com's FREE daily email newsletter.

Mark Cuban recently raised concerns about how the artificial intelligence (AI) boom is being financed. In a July 28 post on X, he described Nvidia (NVDA +2.27%) as the sector's IPO, "funding everyone and anyone."

Cuban was not suggesting that Nvidia literally takes companies public. He was comparing Nvidia's role with the dot-com boom, when IPOs gave young internet companies money to expand. Nvidia is now investing in AI model developers and cloud operators, as well as other companies supporting the wider AI market.

Image source: Getty Images.

Nvidia's financing role is becoming significant Nvidia exited the first quarter of fiscal 2027 (ending April 26, 2026) with $42.3 billion of private investments and another $27 billion of contingent investment commitments. Nvidia's wider investment portfolio includes model developers OpenAI and Anthropic, cloud operators CoreWeave (CRWV +6.26%) and Nebius Group (NBIS -1.01%), and technology suppliers such as Intel, Synopsys, Nokia, and Coherent.

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Some of these investment deals could benefit Nvidia twice. Nvidia's investment may rise in value, while the company receiving the money may buy more Nvidia technology. But that link is not automatic. Several investments are also supporting suppliers and technology partners, not just customers. Therefore, its investment portfolio alone does not show that Nvidia is creating its own sales.

Impact on AI stocks Cuban's warning is not a blanket argument against AI stocks. Large cloud providers and profitable AI chip and networking players can fund much of their spending from existing operations. A slowdown in data center construction could reduce their free cash flow, orders, or valuations, but it would not immediately threaten their ability to operate.

The warning matters most for companies that need regular outside funding to keep expanding. Specialized cloud operators face greater risk.

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CoreWeave generated nearly $2.1 billion in revenue but spent $6.8 billion on capital expenditures in the first quarter of 2026 (ending March 31, 2026). Nebius shows a similar gap, with $399 million in revenue and nearly $2.5 billion in capital expenditures in the first quarter.

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Demand is not necessarily the problem. CoreWeave exited the first quarter with a $99.4 billion revenue backlog, while Nebius had nearly $4.8 billion of deferred revenue. The challenge is funding the GPUs and data centers needed to deliver that future revenue before much of the cash comes in.

Iren (IREN +8.70%) is also a close Nvidia partner, but Nvidia has not yet made the full agreed-upon $2.1 billion investment. Instead, Nvidia has the right to purchase up to 30 million Iren shares at $70 each, subject to certain conditions.

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Iren faces a similar timing issue at an earlier stage. The company generated $144.8 million of revenue in the third quarter of fiscal 2026 (ending March 31, 2026). But the company spent about $1.36 billion on computer hardware, property, and equipment.

Hence, Nvidia's stake in these companies is only part of the story. The bigger issue is whether they can eventually fund expansion with cash from their own businesses. Companies that still depend on external financing could face slower growth if funding becomes harder to obtain.

The artificial intelligence (AI) market was looking very shaky two months ago.

On May 14, after a record run-up in share price, Nvidia (NVDA +2.27%) stock had surpassed $235/share, giving the company a $5.7 trillion market cap. Then investors began to worry that the AI boom had gotten too far ahead of reality. Over the next few weeks, AI shares took a beating, with Nvidia's dropping 15%, and AI hyperscalers Alphabet (GOOGL -0.96%) (GOOG -0.88%) and Amazon (AMZN +0.81%) each plunging 11%. (Not to brag, but I called it.)

That's when Nvidia CEO Jensen Huang gave a piece of jaw-dropping advice to AI investors. Two months later, has his advice paid off?

Nvidia CEO Jensen Huang. Image source: Nvidia Corporation.

Huang's advice Huang was in Seoul for a series of business meetings, including one in which he finalized a partnership with South Korean memory chipmaker SK Hynix to design next-generation AI memory chips.

Between meetings, the Nvidia CEO spoke to reporters, and he didn't mince words. Here's what he said about the AI boom: "We're at the beginning of it, and whatever happened to the stock market, you should be very happy because now you can buy at a discount. Everybody should be very excited."

In other words, Huang believed June 8 was a big opportunity to "buy the dip" in Nvidia and other AI stocks. Was he right?

Was he ever!

Read to the end Indeed, if investors had taken Huang's advice and gone "all in" on Nvidia's stock on June 8, they would now be beating the market... barely. Nvidia's shares are up 5.1% since June 8, while the S&P 500 has only advanced by 4.3%, giving Huang a 0.8% lead. But that's not the whole story.

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If you'd interpreted Huang's comments more broadly to refer to the entire AI industry and had instead purchased a basket of AI stocks that included equal parts Nvidia, Google, Amazon, and hyperscaler Microsoft (MSFT +0.03%), you'd really be doing well. Microsoft stock is up 18.5% since June 8, while Amazon's has risen 11.1%, largely on the strength of their recent earnings reports. Only Alphabet has lagged the market, and is actually down 0.5% from June 8. However, your four-stock "AI basket" would have produced returns of 8.5%, about double the S&P 500's gain during the same period.

Of course, those would be the gains if you sold those stocks right now. But Huang wasn't talking about a two-month AI boom. He's looking years into the future and declaring that the recent, massive spending on AI is just the tip of the iceberg. He's predicting solid long-term gains for AI companies over years, not months.

Selling your AI stocks now while they're beating the market is certainly tempting. But if you believe Jensen Huang knows what he's talking about -- and I certainly do!-- holding on to those stocks for the long term is your best move.

John Bromels has positions in Alphabet, Amazon, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Alphabet, Amazon, Microsoft, and Nvidia. The Motley Fool has a disclosure policy.

Nvidia: Maintaining Consistent Upward Momentum and Expanding Scale in Quarterly RevenueNvidia (NVDA +2.27%) primarily generates its revenue by designing advanced graphics processing units alongside comprehensive accelerated computing hardware systems for major enterprise clients operating across diverse global markets.

It recently established multiple large-scale technology infrastructure development agreements across South Korea and simultaneously reported a 72% net income margin for the quarter ended April 26, 2026.

Navitas Semiconductor: Navigating Recent Contractions and Volatility in Quarterly RevenueNavitas Semiconductor (NVTS +12.02%) primarily generates its foundational revenue by engineering specialized power integrated circuits and advanced silicon carbide devices utilized by various commercial electronics manufacturers situated across multiple international markets.

It recently introduced new thermal management packaging solutions designed specifically for high-power applications while actively responding to ongoing patent litigation and reporting a negative 10% gross margin for the quarter ended June 30, 2026.

Why Tracking Revenue Trends Matters for InvestorsMonitoring revenue provides a clear, reliable baseline that helps everyday long-term investors carefully evaluate whether a specific business is successfully attracting new customers while continually expanding its core operational sales volume over time.

Detailed Quarterly Revenue Data for Nvidia and Navitas Semiconductor Over the Last Eight QuartersQuarter (Period End)Nvidia RevenueNavitas Semiconductor RevenueQ3 2024$30.0 billion (period ended July 2024)$21.7 million (period ended Sept. 2024)Q4 2024$35.1 billion (period ended Oct. 2024)$18.0 million (period ended Dec. 2024)Q1 2025$39.3 billion (period ended Jan. 2025)$14.0 million (period ended March 2025)Q2 2025$44.1 billion (period ended April 2025)$14.5 million (period ended June 2025)Q3 2025$46.7 billion (period ended July 2025)$10.1 million (period ended Sept. 2025)Q4 2025$57.0 billion (period ended Oct. 2025)$7.3 million (period ended Dec. 2025)Q1 2026$68.1 billion (period ended Jan. 2026)$8.6 million (period ended March 2026)Q2 2026$81.6 billion (period ended April 2026)$10.5 million (period ended June 2026)Data source: Company filings. Data as of Aug. 7, 2026.

Foolish TakeExamining the revenue trends for Nvidia and Navitas Semiconductor reveals key insights about this pair of tech companies capitalizing on the rise of the artificial intelligence sector.

Nvidia is experiencing rising quarter-over-quarter revenue. This indicates the company is successfully capturing customer demand for advanced semiconductor products to support AI. The trend is set to continue as Nvidia management forecasted sales to accelerate from $81.6 billion in its most recent quarter to $91 billion in the next.

Meanwhile, Navitas revenue has seen a steady decline until the trend showed a reversal in 2026. The sales slump is due to the company’s decision to make a strategic pivot away from its mobile and consumer business in China last year to focus on artificial intelligence products. The China market was responsible for 60% of sales in 2024.

While giving up that revenue resulted in sinking sales in 2025, Navitas management stated Q4 of last year would be the bottom. Its Q1 results demonstrated that to be the case, and its Q2 sales show an upward trend. The company forecasted Q3 to deliver $13.5 million in revenue, and if that comes to pass, it would represent the third consecutive quarter of rising sales, validating the AI strategy’s success.

In case you missed it, CEO Elon Musk announced major news during the recent Space Exploration Technologies (SPCX +15.83%) (better known as SpaceX) earnings conference call. While SpaceX had some exciting news about its own business, I'm more concerned with what Musk said about Nvidia (NVDA +2.27%).

Musk had some very complimentary words about Nvidia's products, and a SpaceX partnership is already in the making. But what does that mean for Nvidia's stock? Let's take a look.

SpaceX CEO Elon Musk. Image source: The White House.

Elon Musk gave a shining endorsement of Nvidia's products During the conference call, Musk stated that Nvidia makes the "best AI computer" and noted that SpaceX will exclusively be using Nvidia's new Vera Rubin architecture by the end of the year. Musk's technical prowess is well known, and an endorsement like that gives Nvidia investors all the confidence they need that it is still at the top of the AI computing food chain despite many rising competitors.

SpaceX also has a vision of launching data centers into space and performing computing there. This vision is lofty and expensive, but could make sense from a cooling and footprint standpoint. Time will tell how this business plan shakes out for SpaceX, but for Nvidia, it's just another great customer that continues to load up on its products.

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But does this move the needle for Nvidia? Likely not. Over the first six months of the year, SpaceX spent about $28.5 billion on capital expenditures. Annualized, that's nearly $60 billion. For comparison, the AI hyperscalers are spending anywhere from $100 billion to more than $200 billion on data center capital expenditures this year. Not all of those funds for any company go directly to Nvidia, but a decent chunk of them do.

So, having SpaceX as an exclusive client helps Nvidia, but doesn't make or break its business. I think the real news here is that SpaceX has identified Nvidia's product as best-in-class, which likely is the same sentiment shared across the AI computing landscape. This strengthens Nvidia's investment case, as right now the market is assuming the company will lose share to competitors and priced the stock at a dirt cheap level.

NVDA PE Ratio (Forward) data by YCharts

At less than 24 times forward earnings, Nvidia's stock isn't that expensive relative to the growth it's delivering, and I think it's one of the best investment options available right now.