Track market-moving stories before they get noisy

Elon Musk made interesting comments that Nvidia (NVDA +2.27%) stock investors will not want to miss. (SPCX +15.83%)

*Stock prices used were the afternoon prices of Aug. 5, 2026. The video was published on Aug.7, 2026.

Parkev Tatevosian, CFA has positions in Nvidia. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

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Here is the number that should stop any GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) holder cold. Over the past year, NVIDIA stock returned 22.21%. A perfect 2x product should have doubled that. Instead, NVDL returned 17.21%. Holders paid for two-times leverage and quietly received less than one.

What You Are Actually Paying NVDL does not charge you a fee the way a normal index fund does. It charges you through a swap. The fund holds cash collateral and pays a counterparty a financing rate (typically an overnight benchmark plus a spread) to rent 2x NVDA exposure for a single trading day. This exposure is reset every day. That daily reset is the entire product design.

The published expense ratio is only the beginning. Add the swap financing spread and the bid/ask cost inside the derivative, and the true annual carry on a single-stock 2x product can quietly run well above the sticker fee. On a $10,000 position, a 1% headline expense ratio is already $100 per year, and the financing built into the swaps can layer on more. Compound that against simply owning NVIDIA shares (which cost you nothing in fund fees) and the gap over a decade compounds into real money.

The Part the Factsheet Does Not Highlight Volatility decay is the bigger tax. A 2x daily-reset fund does not compound to 2x over any period longer than one day. It compounds to whatever the sequence of daily returns produces after resetting the leverage at the close of every trading day. In a smooth uptrend, funds like NVDL can beat 2x for a period longer than one day. However, in a choppy/drawdown-heavy stretch, it tends to lag (badly).

The past year serves as a prime example. The VIX spiked to 31.05 on March 27, 2026, with elevated readings across March and early April. Those are exactly the market conditions where daily rebalancing bleeds money: the fund sells low after down days and buys high after up days. The result is that NVDA is up 22.21% over one year, while NVDL is up only 17.21% over that same period. The leverage promise evaporated in the volatility.

The structural picture in a peer product makes the mechanism more visible. In the Direxion Daily NVDA Bull 2X Shares (NASDAQ:NVDU), roughly 85.5% of net assets sit in cash and short-term instruments, with only 10.14% held in actual NVDA stock as of April 30, 2026. The rest of the exposure is synthetic. You are effectively buying cash plus a daily swap contract, and paying to rent the upside.

The Cheaper Mirror Two lower-cost mirrors exist for the same bullish view. Owning NVIDIA shares directly costs zero fund fee, avoids all daily-reset decay, and captured the full 978.94% five-year return.

If a reader specifically wants 2x daily exposure, NVDU is a direct alternative, though it carries the same structural decay. Over the past year, NVDU returned 17.23%, essentially matching NVDL and confirming the drag is a category feature that affects every single-stock 2x product.

Additionally, a margin account with plain NVDA shares gives leverage without a daily reset, at broker-set financing rates you can actually see.

What This Means for You The question worth asking centers on what you receive over the holding period you actually care about. On any given day, NVDL will move with NVIDIA. Over longer stretches, that relationship breaks down. If your horizon is longer than one trading session, the fund’s own recent record shows leverage that failed to leverage.

Contact [email protected] for any questions or corrections.

With Nvidia (NVDA) rallying 10% this week, John Belton of Gabelli Funds expects another strong quarter as continued hyperscaler CapEx spending supports demand, with Elon Musk saying SpaceX (SPCX) plans to exclusively use Nvidia chips. Belton also says AMD (AMD) is clearly benefiting from agentic AI demand and sees its upcoming product launches as an opportunity to take share from Nvidia's GPU business.

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Nvidia remains the world's most valuable company, leading AI innovation and consistently beating earnings and revenue forecasts. NVDA's long-term uptrend persists, with each correction historically presenting buying opportunities as higher lows precede new record highs. The Granite Shares 2X Long NVDA Daily ETF offers double-leveraged exposure, best suited for disciplined, short-term trading strategies.

Nvidia and SpaceX are drawing attention after announcing a major partnership that will see SpaceX exclusively deploy Nvidia's next-generation AI hardware across its terrestrial and orbital computing infrastructure.

ATLANTA--(BUSINESS WIRE)---- $QMLS #AI--QumulusAI (Nasdaq: QMLS), a neocloud infrastructure provider purpose-built for the AI computing era, today announced an agreement with an agentic hedge fund. QumulusAI negotiated market-rate compute pricing for the fund's usage along with a share of its quarterly trading profits, with no exposure to trading losses. The customer operates a fully agentic hedge fund whose specialized AI agents discover, test, validate and deploy trading strategies with live capital, aroun.

Nvidia just doesn't make GPUs and the various supporting equipment for these computing units. It's also an active investor. When it comes across a company it likes, it isn't afraid to invest. One company Nvidia has taken a major stake in is Nebius (NBIS -13.29%). It owns over 22 million shares of Nebius -- just shy of 10% of the company.

So far in 2026, this has proven to be a genius investment, as the stock is up roughly 170% this year at the time of this writing. However, Nvidia isn't investing in Nebius for this short-term gain. It has its eyes on much greater returns, and Nebius could easily deliver them with its superior growth rate.

Image source: Getty Images.

Nebius' growth is expected to be incredible Nebius is a neocloud company that focuses on providing artificial intelligence (AI) computing power to its clients via the cloud. There is a major demand for Nebius' services, and it has signed several AI hyperscalers to its services, including Microsoft (MSFT +2.54%) and Meta Platforms (META +0.19%). It also has clients of all sizes, but these major companies drive the bulk of Nebius' growth.

Speaking of growth, Nebius is among the fastest-growing stocks in the market. In Q1 2026, it put up 684% revenue growth. That's not a typo or a boost from a one-time event like an acquisition. That's real demand that's driving jaw-dropping growth.

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And Nebius isn't done there, either. For Q2, Wall Street expects 450% revenue growth and 539% for the remainder of 2026. Anyone who follows the AI industry also knows that there will be several more years of strong AI build-outs, and 2027 is also expected to be a monstrous year for Nebius. Wall Street estimates 238% revenue growth for 2027, which would bring the company's revenue total to about $11.5 billion. For reference, Nebius' revenue was a mere $530 million at the end of 2025.

Nvidia sees this huge growth, and likely the massive orders it's placing for its size, and has invested in it as a result. That should prompt investors to follow suit with Nvidia, which frankly has more information about Nebius and what it's doing than the market does, and consider an investment in Nebius. While it's not insider trading, it's pretty much insider investing, and when you see anyone on the inside load up on shares, it's a great sign that the stock is about to skyrocket. As a result, I think Nebius is a smart stock to buy now.

Keithen Drury has positions in Meta Platforms, Microsoft, Nebius Group, and Nvidia. The Motley Fool has positions in and recommends Meta Platforms, Microsoft, and Nvidia. The Motley Fool has a disclosure policy.

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I've been buying Nvidia Corporation regularly since 2022. My best article on NVDA for Seeking Alpha (from April 2025) brought roughly 125% return. Now, I'm even more bullish. Because NVDA has just received 3 great news items. Hyperscaler CapEx guidance just keeps on growing, even beyond 2026. And Vera Rubin's ramp hit record scale for NVDA.

AUSTIN, Texas, Aug. 06, 2026 (GLOBE NEWSWIRE) --  AINewsWire Editorial Coverage: Artificial intelligence is advancing faster than the physical infrastructure needed to run it. McKinsey projects that AI-related data-center infrastructure will require roughly $6.7 trillion in capital investment by 2030. That scale of spending reflects a simple reality: Enterprises want AI capabilities today, but the compute, power and hosting capacity to deliver them remain in short supply. AZIO AI Holdings Inc. (NASDAQ: AZIO) is moving directly into that gap. The company just entered into an agreement with Power Champion Investment Limited covering the purchase of up to 128 NVIDIA(TM) B300 GPU systems. That announcement, and what it signals about AZIO's growth trajectory, firmly establishes the company’s focus on AI compute infrastructure and places the company among leaders in the space, including NVIDIA Corporation (NASDAQ: NVDA),

For years, the AI conversation focused on what models could do. This year, the more pressing question has become whether enough physical capacity exists to run them. AZIO AI just entered into an agreement with Power Champion Investment Limited covering the purchase of up to 128 NVIDIA(TM) B300 GPU systems.In only weeks, the company has repositioned its business entirely around AI infrastructure.Beyond its relationship with Power Champion, AZIO AI Holdings represents a broader platform built around four core capabilities: AI infrastructure, GPU compute, modular data centers and energy infrastructure.The hardware at the center of AZIO AI Holdings' newest agreement, NVIDIA's HGX B300 GPU platform, is built specifically for the demanding reasoning and inference workloads that are driving today's AI compute shortage. Compute Has Become AI's Scarcest Resource

For years, the AI conversation focused on what models could do. This year, the more pressing question has become whether enough physical capacity exists to run them. McKinsey's data center research estimates that meeting projected AI demand will require nearly 156 gigawatts of new data-center capacity by 2030, split across chips, power infrastructure and construction. That is a massive build-out, and it is happening on a compressed timeline.

Spending figures reflect the urgency. Goldman Sachs Research now expects AI hyperscalers to spend more than $527 billion on data-center capital expenditures in 2026, a figure that has been revised upward repeatedly as demand outpaced earlier forecasts. In addition, Goldman has projected that global data-center power demand will rise by 165% to 175% between 2023 and 2030, a scale of growth few power grids were built to absorb.

Apollo Global Management's research team frames the shortage in blunt terms, noting that on-demand GPU capacity has become effectively sold out, with even older-generation chips seeing rental rates climb as buyers scramble for available supply. Constraints are not limited to chips. Apollo's analysis points to simultaneous bottlenecks across GPUs, high-bandwidth memory and power infrastructure, each capable of slowing enterprise AI deployment on its own. For enterprises trying to deploy AI at scale, that means compute capacity now has to be secured well ahead of need, not purchased on demand.

This is the environment AZIO AI Holdings is building its business around. Rather than developing AI models or applications, the company is focused on the physical layer: GPU systems, hosting capacity and the power infrastructure that supports them. That focus is reflected in the company's newest announcement, describing a new agreement with Power Champion Investment Limited covering up to 128 NVIDIA HGX B300 AI systems.

Inside the Deal Fueling AZIO's Growth

According to the company, AZIO AI Holdings has entered into an agreement with Power Champion Investment Limited covering the purchase of up to 128 NVIDIA HGX B300 GPU systems, intended for deployment at U.S.-based AI infrastructure facilities. The release describes this as an "initial agreement," with actual purchase orders and deliveries to follow over time, subject to customary conditions.

The financial scale of the agreement is notable. Based on current market pricing of approximately $600,000 per NVIDIA HGX B300 system, the midpoint of a range running from roughly $472,000 to $720,000 per unit depending on customization, AZIO estimates the agreement could represent an aggregate hardware value of approximately $77 million if all 128 contemplated systems are ultimately purchased.

Importantly, this new agreement does not stand alone. The new announcement follows last month’s announcement of AZIO’s initial agreement with Power Champion, indicating the GPU purchase agreement builds directly on an existing hosting relationship rather than representing an entirely new customer.

“This agreement reflects continued momentum in our commercial relationship with Power Champion and demonstrates growing demand for enterprise AI infrastructure,” stated AZIO AI CEO Chris Young. That progression, from hosting relationship to hardware purchase agreement, is exactly the kind of expanding customer relationship that AZIO AI Holdings' broader business model is designed to capture.

Why does this particular agreement matter? Because it demonstrates that AZIO AI’s strategy of pairing infrastructure hosting with hardware sales is already generating expanding commercial activity, not just announced intentions. A company that can convert an initial hosting relationship into a follow-on hardware agreement worth an estimated $77 million, within roughly a month, is showing early evidence that its integrated model has potential to generate real, compounding commercial interest.

From Electric Vehicles to AI Infrastructure

To understand why the Power Champion relationship is important, it helps to understand where AZIO AI Holdings came from. The company was not originally an AI infrastructure business. It began as Envirotech Vehicles Inc., an electric-vehicle manufacturer, before completing a merger that repositioned the business entirely around AI infrastructure.

That transformation became official last month when the company's name change to Azio AI took effect, completing what the company describes as its transformation into a dedicated AI infrastructure platform. The same announcement introduced the company's first major commercial relationship: a power purchase and AI infrastructure hosting agreement with Power Champion Investment Limited.

That original hosting agreement was structured to scale. It anchored an initial 3.1-megawatt GPU deployment, expected to generate approximately $27.9 million in capacity reservation charges over the initial contract term, while granting Power Champion contracted expansion rights of up to 12 megawatts. If fully exercised, the company estimated the relationship could represent a potential total contract value of approximately $100 million. Power Champion placed an initial deposit under the agreement, and AZIO AI Holdings agreed to provide contracted hosting capacity alongside power delivery, fiber connectivity, remote operations and technical support.

At the time, Young framed the strategic logic behind the pivot directly, noting that AI cannot scale without the infrastructure required to support it, in comments accompanying the announcement. Company management has also said it believes this hosting model strengthens customer relationships and improves infrastructure utilization, establishing a framework for future expansion as demand grows.

That framework is precisely what has played out only a month later. The Power Champion hosting agreement set the stage for the most recent GPU purchase agreement. Together, the two agreements illustrate how AZIO AI Holdings has moved quickly from completing its corporate transformation to generating layered, expanding commercial relationships within its very first customer engagement.

Assembling the Pieces of an AI Platform

Beyond its relationship with Power Champion, AZIO AI Holdings represents a broader platform built around four core capabilities: AI infrastructure, GPU compute, modular data centers and energy infrastructure. The company positions itself as providing “the physical foundation powering the next generation of artificial intelligence,” combining these elements into a single business rather than specializing narrowly in one.

Its GPU compute offering centers on high-performance GPU servers, available either for direct purchase or as managed compute capacity, built to support both AI training and inference workloads. This dual model, selling hardware outright or hosting it on the customer's behalf, is exactly what shows up in the Power Champion relationship: an initial hosting agreement followed by a hardware purchase agreement with the same counterparty.

The company's modular data-center strategy emphasizes speed. AZIO AI facilities are designed to be rapidly deployable and scalable, allowing the company to bring new AI capacity online faster than a traditional ground-up data-center build typically allows. Energy infrastructure rounds out the platform, with the company providing power-conscious infrastructure built to support reliable, efficient AI operations at scale.

The Chips Anchoring AZIO's GPU Strategy

The hardware at the center of AZIO AI Holdings' newest agreement, NVIDIA's HGX B300 GPU platform, is built specifically by NVIDIA Corporation (NASDAQ: NVDA) for the demanding reasoning and inference workloads that are driving today's AI compute shortage. The company notes that its HGX platform “brings together the full power of NVIDIA GPUs, NVIDIA Vera CPUs, NVIDIA NVLink(TM), NVIDIA networking, and fully optimized AI and high-performance computing (HPC) software stacks to provide the highest application performance and drive the fastest time to insights for every data center.”

The NVIDIA HGX B300 is a multi-GPU platform built around eight NVIDIA Blackwell Ultra SXM GPUs, delivering a total of 2.1 TB of GPU memory. It supports up to 144 petaFLOPS of FP4 Tensor Core performance and 72 petaFLOPS of FP8/FP6 Tensor Core performance, with fifth-generation NVIDIA NVLink providing 14.4 TB/s of total interconnect bandwidth across the system. Networking bandwidth reaches 1.6 TB/s, and NVIDIA reports the platform delivers twice the attention-layer performance of standard NVIDIA Blackwell GPUs, reflecting its design focus on demanding AI reasoning and inference workloads.

For AZIO AI Holdings, aligning its GPU strategy with NVIDIA's high-performance current-generation platform matters commercially. Enterprises evaluating AI infrastructure providers increasingly prioritize access to the newest, most capable hardware, since it directly affects the performance and the return they can achieve on their compute investment. By anchoring its GPU purchase agreement in NVIDIA's HGX B300 platform, AZIO is positioning itself to supply hardware that matches the top tier of what enterprise and hyperscale customers are currently seeking.

The urgency behind AI compute infrastructure is not a temporary phase; it may be the defining constraint of the current AI cycle. AZIO AI Holdings has moved quickly to position itself inside that constraint, transforming into a dedicated AI infrastructure platform in barely a month, and expanding its first major customer relationship from a $27.9 million hosting agreement into a follow-on agreement valued at an estimated $77 million. What may differentiate AZIO AI Holdings from other early-stage entrants in this space is the speed at which its initial customer relationship has already expanded across multiple infrastructure layers, including power, hosting and now hardware, within its first weeks as a dedicated AI infrastructure company.

For more information, visit AZIO AI Holdings.

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Posted by Defense World Staff on Aug 6th, 2026

Dai ichi Life Insurance Company Ltd lowered its position in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 4.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,139,088 shares of the computer hardware maker’s stock after selling 51,958 shares during the quarter. NVIDIA accounts for approximately 5.7% of Dai ichi Life Insurance Company Ltd’s holdings, making the stock its biggest holding. Dai ichi Life Insurance Company Ltd’s holdings in NVIDIA were worth $198,657,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in NVDA. Lifetime Wealth Management P.C. purchased a new stake in shares of NVIDIA in the fourth quarter valued at about $26,000. Longview Financial Advisors Inc. purchased a new position in shares of NVIDIA during the 1st quarter worth approximately $27,000. Longfellow Investment Management Co. LLC raised its position in shares of 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 last quarter. Phillip James Consulting Co. acquired a new position in shares of NVIDIA during the 1st quarter worth approximately $40,000. Finally, Spurstone Advisory Services LLC purchased a new stake in NVIDIA in the 2nd quarter valued at approximately $40,000. Institutional investors and hedge funds own 65.27% of the company’s stock.

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

Positive Sentiment: SpaceX CEO Elon Musk said the company will build its AI infrastructure exclusively with NVIDIA chips, including the Vera Rubin platform. Musk also discussed ambitious plans for space-based AI computing, prompting investors to anticipate a potentially significant new source of long-term demand. Nvidia Stock Is on the Rise After Elon Musk Says SpaceX Will Exclusively Buy Its Chips Positive Sentiment: Analysts and market commentators are raising their long-term forecasts, with one scenario suggesting NVIDIA could approach $1 trillion in annual revenue if SpaceX delivers even part of Musk’s planned computing buildout. These projections reinforce the bullish view that NVIDIA’s opportunity extends beyond traditional data-center GPUs. Analyst Forecasts NVIDIA Revenue Potential From SpaceX Compute Plans Positive Sentiment: Investor sentiment was also supported by reports that NVIDIA’s B200 systems remain sold out and that AI chip demand continues to substantially exceed available supply. A separate report highlighted a multiyear Blackwell infrastructure agreement with Corvex, adding to evidence of continuing deployment demand. NVIDIA B200 Systems Are Sold Out Positive Sentiment: Before its upcoming earnings release, bullish estimates call for approximately $91.85 billion in quarterly revenue and $2.08 in earnings per share, reflecting nearly 100% year-over-year growth. Recent coverage also points to networking, software, enterprise AI and sovereign AI as increasingly important growth drivers. NVIDIA Stock Ahead of Q2 Earnings Neutral Sentiment: Institutional activity included additions of 698,901 shares by DekaBank and 595,887 shares by Allen Investment Management, while analyst price targets remain well above recent trading levels. However, these 13F disclosures reflect holdings as of June 30 and may not represent current positioning. Negative Sentiment: Risks remain, including Michael Burry’s bearish NVIDIA position, concerns over potentially expensive circular investments in AI companies, U.S. restrictions affecting China-related supply chains, and competition from AMD, custom accelerators and AI companies developing their own chips. Michael Burry Maintains Bearish NVIDIA View Analyst Upgrades and Downgrades NVDA has been the subject of several recent research reports. Itau BBA Securities dropped their price target on NVIDIA from $256.00 to $218.00 in a research report on Wednesday, June 24th. Citigroup began coverage on NVIDIA in a research report on Wednesday, April 15th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. increased their price objective on NVIDIA from $265.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Barclays reiterated an “overweight” rating on shares of NVIDIA in a research report on Thursday, May 21st. Finally, CICC Research boosted their target price on shares of NVIDIA from $240.60 to $268.30 and gave the company an “outperform” rating in a research note on Friday, May 22nd. Three 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’s stock. According to data from MarketBeat, NVIDIA currently has an average rating of “Buy” and a consensus target price of $304.26.

Read Our Latest Stock Analysis on NVIDIA

NVIDIA Stock Up 3.4% Shares of NASDAQ:NVDA opened at $219.22 on Thursday. 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 market cap of $5.31 trillion, a price-to-earnings ratio of 33.57, a PEG ratio of 0.41 and a beta of 2.23. The stock’s 50-day moving average price is $205.31 and its two-hundred day moving average price is $196.77. NVIDIA Corporation has a 12-month low of $164.07 and a 12-month high of $236.54.

NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.11. The company 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 quarterly revenue was up 85.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.81 EPS. On average, research analysts forecast that NVIDIA Corporation will post 8.79 EPS for the current year.

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 given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.5%. This is a positive change from NVIDIA’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, June 4th. NVIDIA’s dividend payout ratio (DPR) is currently 15.31%.

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

Insiders Place Their Bets In other NVIDIA news, Director Stephen C. Neal sold 15,500 shares of the 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 transaction, the director owned 116,135 shares of the company’s stock, valued at $25,053,803.55. This trade represents a 11.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mark A. Stevens sold 885,000 shares of NVIDIA stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the completion of the transaction, the director owned 5,207,271 shares in the company, valued at approximately $1,094,412,146.07. This trade represents a 14.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,901,125 shares of company stock valued at $410,583,015 over the last quarter. Company insiders own 3.94% of the company’s stock.

About NVIDIA (Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

Further Reading Five stocks we like better than NVIDIA SpaceX: Love the Company, But the Stock Is a Harder Call Ulta’s Growth Is Real, But So Are the Risks BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth

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Entropy Technologies LP purchased a new position in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,511 shares of the computer hardware maker’s stock, valued at approximately $6,716,000.

A number of other large investors also recently bought and sold shares of NVDA. Diversified Enterprises LLC increased its holdings in NVIDIA by 44.2% during the 4th quarter. Diversified Enterprises LLC now owns 127,604 shares of the computer hardware maker’s stock valued at $23,798,000 after purchasing an additional 39,129 shares in the last quarter. ASR Vermogensbeheer N.V. boosted its stake in NVIDIA by 1.8% in the fourth quarter. ASR Vermogensbeheer N.V. now owns 3,169,377 shares of the computer hardware maker’s stock worth $591,086,000 after purchasing an additional 54,877 shares in the last quarter. Storen Legacy Partners LLC bought a new stake in shares of NVIDIA during the fourth quarter worth $1,350,000. Weaver Capital Management LLC grew its holdings in shares of NVIDIA by 5.5% during the fourth quarter. Weaver Capital Management LLC now owns 85,216 shares of the computer hardware maker’s stock worth $15,893,000 after purchasing an additional 4,439 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of NVIDIA by 3.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 26,652,420 shares of the computer hardware maker’s stock valued at $4,970,704,000 after buying an additional 936,506 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

Wall Street Analyst Weigh In A number of research firms recently issued reports on NVDA. Craig Hallum lifted their price target on NVIDIA from $245.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Rothschild & Co Redburn raised their price objective 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. BNP Paribas Exane boosted their target price on shares of NVIDIA from $270.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday, May 21st. Wedbush upped their target price on shares of NVIDIA from $300.00 to $330.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Finally, UBS Group increased their price target on shares of NVIDIA from $275.00 to $280.00 and gave the company a “buy” rating in a research note 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 issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $304.26.

Check Out Our Latest Analysis on NVIDIA

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

Positive Sentiment: SpaceX CEO Elon Musk said the company will build its AI infrastructure exclusively with NVIDIA chips, including the Vera Rubin platform. Musk also discussed ambitious plans for space-based AI computing, prompting investors to anticipate a potentially significant new source of long-term demand. Nvidia Stock Is on the Rise After Elon Musk Says SpaceX Will Exclusively Buy Its Chips Positive Sentiment: Analysts and market commentators are raising their long-term forecasts, with one scenario suggesting NVIDIA could approach $1 trillion in annual revenue if SpaceX delivers even part of Musk’s planned computing buildout. These projections reinforce the bullish view that NVIDIA’s opportunity extends beyond traditional data-center GPUs. Analyst Forecasts NVIDIA Revenue Potential From SpaceX Compute Plans Positive Sentiment: Investor sentiment was also supported by reports that NVIDIA’s B200 systems remain sold out and that AI chip demand continues to substantially exceed available supply. A separate report highlighted a multiyear Blackwell infrastructure agreement with Corvex, adding to evidence of continuing deployment demand. NVIDIA B200 Systems Are Sold Out Positive Sentiment: Before its upcoming earnings release, bullish estimates call for approximately $91.85 billion in quarterly revenue and $2.08 in earnings per share, reflecting nearly 100% year-over-year growth. Recent coverage also points to networking, software, enterprise AI and sovereign AI as increasingly important growth drivers. NVIDIA Stock Ahead of Q2 Earnings Neutral Sentiment: Institutional activity included additions of 698,901 shares by DekaBank and 595,887 shares by Allen Investment Management, while analyst price targets remain well above recent trading levels. However, these 13F disclosures reflect holdings as of June 30 and may not represent current positioning. Negative Sentiment: Risks remain, including Michael Burry’s bearish NVIDIA position, concerns over potentially expensive circular investments in AI companies, U.S. restrictions affecting China-related supply chains, and competition from AMD, custom accelerators and AI companies developing their own chips. Michael Burry Maintains Bearish NVIDIA View NVIDIA Trading Up 3.4% Shares of NASDAQ NVDA opened at $219.22 on Thursday. The company’s 50 day simple moving average is $205.31 and its 200 day simple moving average is $196.77. 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 $5.31 trillion, a P/E ratio of 33.57, a P/E/G ratio of 0.41 and a beta of 2.23. 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 (NASDAQ:NVDA – Get Free Report) last released its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.11. The firm had revenue of $81.61 billion during 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 quarterly revenue was up 85.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.81 EPS. On average, analysts predict that NVIDIA Corporation will post 8.79 EPS for the current year.

NVIDIA Increases Dividend The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 4th were given a $0.25 dividend. The ex-dividend date was Thursday, June 4th. This represents a $1.00 annualized dividend and a dividend yield of 0.5%. This is an increase from NVIDIA’s previous quarterly dividend of $0.01. NVIDIA’s dividend payout ratio is 15.31%.

NVIDIA declared that its Board of Directors has initiated a share buyback plan on Wednesday, May 20th that permits the company to buyback $80.00 billion in shares. This buyback authorization permits the computer hardware maker to reacquire up to 1.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling In related news, 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 sale, the director owned 116,135 shares in the company, valued at approximately $25,053,803.55. This represents a 11.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mark A. Stevens sold 885,000 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $210.17, for a total value of $186,000,450.00. Following the completion of the transaction, the director directly owned 5,207,271 shares in the company, valued at $1,094,412,146.07. The trade was a 14.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,901,125 shares of company stock valued at $410,583,015 over the last three months. Company insiders own 3.94% of the company’s stock.

About NVIDIA (Free Report)

NVIDIA Corporation, founded in 1993 and headquartered in Santa Clara, California, is a global technology company that designs and develops graphics processing units (GPUs) and system-on-chip (SoC) technologies. Co-founded by Jensen Huang, who serves as president and chief executive officer, along with Chris Malachowsky and Curtis Priem, NVIDIA has grown from a graphics-focused chipmaker into a broad provider of accelerated computing hardware and software for multiple industries.

The company’s product portfolio spans discrete GPUs for gaming and professional visualization (marketed under the GeForce and NVIDIA RTX lines), high-performance data center accelerators used for AI training and inference (including widely adopted platforms such as the A100 and H100 series), and Tegra SoCs for automotive and edge applications.

Recommended Stories Five stocks we like better than NVIDIA SpaceX: Love the Company, But the Stock Is a Harder Call Ulta’s Growth Is Real, But So Are the Risks BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth 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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At $211.94, NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) looks compelling on the numbers. The stock trades roughly 17.54% below its 52-week high even as fundamentals accelerate, creating one of the cleanest setups the mega-cap AI leader has offered in a year.

NVIDIA designs the GPUs, networking fabric, and software stack powering every frontier AI model in production. Data Center is now the entire story: $75.25 billion in Q1 FY2027 revenue, up 92% year over year, with hyperscalers, sovereign customers, and AI native clouds absorbing every Blackwell rack the company can ship.

The price sits below the $221.54 filing-day close from May, even after a blowout earnings report and raised guidance. That gap is the setup.

Why the Multiple Just Broke From the Growth Rate Revenue grew 85.23% year over year, net income grew 210.63%, and free cash flow hit $48.55 billion for a single quarter. Yet the trailing P/E sits at 32 and the forward P/E at 23. Cash generation has run past the share price, dragging the forward multiple into the mid-20s against triple-digit earnings growth.

Catalysts are stacked. Q2 guidance calls for $91 billion in revenue at 75% non-GAAP gross margin. Vera Rubin ships in Q3, with Jensen Huang describing “$1 trillion in Blackwell and Rubin revenue we foresee from 2025 through calendar 2027.” SpaceX committed to NVIDIA exclusively for its Starmind satellite program, dropping AMD in the process.

Where the Bear Case Has Merit The other side is real. $119 billion in supply commitments is a demand bet that cannot be unwound quickly if hyperscaler capex flinches. China Data Center compute is now zero in the outlook. AMD’s data center revenue more than doubled last quarter, Amazon’s Trainium is a multibillion-dollar business, and insider activity skews to net selling across 26 recent transactions. A beta of 2.22 means any AI capex wobble hits this stock harder than the tape.

Why Waiting Costs More Than It Saves The Hold argument leans on sentiment. The composite sentiment score sits at 47.79 with a 17.37-point decline over the past week, and shares have gone sideways for two months. Waiting for a cleaner setup means potentially missing the Vera Rubin ramp and the Q2 earnings report, both landing before year-end. The cost of patience compounds against a company growing earnings above 200%.

Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.

What the Tape Actually Says NVIDIA is up 13.78% year to date versus 13.11% for the S&P 500, a narrow lead for a stock that led the market for two straight years. The consensus analyst target sits at $302.83, implying meaningful upside from $211.94, with 58 Buy, 2 Hold, and 1 Sell rating across covering analysts. Forward P/E of 23, PEG of 0.553, and a 25x dividend hike alongside an $80 billion buyback authorization signal valuation is cheap against growth.

The Verdict: The Math Sets Up the Buy Case At $211.94, the math on NVIDIA lines up favorably.

The path to appreciation runs through three catalysts on a defined clock. Q2 earnings land later this month with a $91 billion guide already on the table. Vera Rubin production begins in Q3, opening a new $200 billion CPU TAM not in the $1 trillion visibility number. The buyback plus dividend package returns roughly 50% of free cash flow to shareholders this year.

A forward multiple in the low 20s on a business compounding earnings above 200% is a rare mismatch. That is the setup.

What would invalidate the thesis: a Q2 miss on Data Center, a genuine hyperscaler capex pullback, or an escalation in China restrictions touching beyond H20. Watch the $91 billion guide, the Vera Rubin ship date, and hyperscaler capex commentary from Microsoft, Amazon, Meta, and Google.

The math is doing the heavy lifting here, and at $212 the fundamentals skew constructive.

Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.

Contact [email protected] for any questions or corrections.

Cathie Wood isn't having a great year. Just one of Ark Invest's six actively managed exchange-traded funds (ETFs) is beating the market, and its largest ETF is currently in the red year to date. However, the founder, CEO, and chief investment officer at Ark Invest keeps making moves.

Wood bought shares in Nvidia (NVDA -0.59%), Space Exploration Technologies (SPCX +2.49%), and Circle Internet Group (CRCL +2.88%) on Wednesday. Nvidia is trading just 10% away from May's all-time high, but the other two stocks have now shed more than half of their value from their earlier peaks. Why is Ark Invest adding to these three existing positions? Let's take a closer look.

Image source: Getty Images.

1. Nvidia After briefly losing its title as the country's most valuable stock by market cap twice last month, Nvidia is back on top. The provider of AI and data center chips and other components has clawed its way back to be the lone company with a market cap above $5 trillion.

Nvidia stock has rallied 33% since its springtime low. It got a boost on Wednesday from an unlikely player. SpaceX -- which did not have a good trading day like Nvidia did -- announced during its poorly received earnings call that it will be exclusively using Nvidia chips for its space-based data centers. The news may not come as much of a surprise. If you are going to launch and operate data centers in space where switching costs would be massive, you may as well go with the proven industry leader.

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Despite the stock's recent surge, Nvidia is probably cheaper than you think. You can buy the shares today for 24 times this year's earnings and just 17 times next fiscal year's profit target. With a long recent history of bottom-line beats and raised guidance, the results over the next year and a half could be higher than analysts currently expect. This would drive those reasonably attractive forward earnings multiples even lower.

The valuation gets even more compelling when you factor in how fast Nvidia is growing these days and its accelerating momentum. Wall Street pros see revenue and earnings per share soaring 96% and 98%, respectively, for the fiscal second quarter, which it will report later this month. It will be Nvidia's fourth consecutive quarter of accelerating top-line growth.

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2. SpaceX Momentum has been moving in the opposite direction for SpaceX stock since peaking shortly after its mid-June IPO. Its niche-leading Starlink satellite-based connectivity services and the promise of reusable rockets to lower launch costs initially mesmerized growth investors, but its lofty valuation has come under fire in recent weeks.

Now a broken IPO with a stock price less than half of its peak on its third day of trading, SpaceX's first quarter as a public company this week didn't provide relief. With a large amount of money committed to AI spending -- the same news that pleased Nvidia investors -- the next pressure point starts now. The first batch of post-IPO lockup expirations occurs on Thursday, with more than 900 million shares held by insiders now eligible for sale.

Will those insiders be less likely to sell now that the shares are trading below its $135 IPO price? Will they be more likely to sell, fearing that trading activity will continue to erode their fortunes? The market is about to find out. Wood likely sees the sell-off more as a long-term opportunity than a short-term concern.

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3. Circle Internet Group Finally, we have another broken IPO on Wood's shopping list. The issuer of stablecoin products and provider of blockchain solutions has fallen out of favor since peaking near $300 last summer. It has now fallen below its original IPO price of $69. One of last year's most volatile debutantes probably shouldn't be that wild.

The stablecoin market is supposed to be a safe haven of stability for digital currencies. More than 95% of Circle's top-line results last year came from interest income it collects on reserves held in the equivalent of short-term U.S. Treasury bills. That part of its business would actually benefit from the inevitable rise in interest rates, but the stock continues to suffer from last year's overabundance of bullish enthusiasm. Wood doesn't have a problem buying broken IPOs, with Circle and SpaceX among her largest purchases on Wednesday.

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Value ScoreFor value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.

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Stock to Watch: Nvidia (NVDA - Free Report) Santa Clara, CA-based NVIDIA Corporation is the worldwide leader in visual computing technologies and the inventor of the graphics processing unit, or GPU. Over the years, the company’s focus has evolved from PC graphics to artificial intelligence (AI) based solutions that now support high-performance computing (HPC), gaming and virtual reality (VR) platforms.

NVDA is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.

Additionally, the company could be a top pick for growth investors. NVDA has a Growth Style Score of A, forecasting year-over-year earnings growth of 90.6% for the current fiscal year.

For fiscal 2027, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.13 to $9.09 per share. NVDA boasts an average earnings surprise of +5.5%.

With a solid Zacks Rank and top-tier Growth and VGM Style Scores, NVDA should be on investors' short list.

Although it got buried in yesterday’s earnings news from Space Exploration Technologies (SPCX -13.61%), or SpaceX, CEO Elon Musk just made a huge announcement about his “Starmind” plan to launch a new network of orbital AI data centers. And he’s teaming up with Nvidia (NVDA +3.44%) to make it happen.

According to an announcement on SpaceX’s social media site X, SpaceX and Nvidia are working together to design the “compute payload” for Starmind AI1, the first in an orbiting network of satellites that will run AI workloads in outer space.

Here’s what we know about the partnership and what it means for investors.

Image source: The Motley Fool

Different by designOne of the biggest expenses for a data center is electricity. SpaceX’s goal for its orbiting Starmind AI data centers is to maximize power efficiency, thereby lowering compute costs.

Because solar energy is more abundant in space than on the Earth’s surface, solar panels on satellites that can be adjusted to face the sun are theoretically more efficient than terrestrial solar panels.

Meanwhile, 30% to 40% of a terrestrial data center’s power is devoted to running massive cooling systems that prevent the servers from overheating as they process the tremendous amount of data that AI requires. Because outer space is usually incredibly cold, keeping an orbital computer from overheating would theoretically require no electricity at all.

This is all theoretical, though: although the vacuum of space is cold, you can’t just put your entire computer into that vacuum or it will freeze. And while sunlight is stronger in space, even a large orbital solar panel can only produce a fraction of the electricity of a solar farm. Plus, in space there’s no gravity, no air supply, and no technician who can replace a burnt-out fuse. Starmind will need to take all these factors into account.

Who better to help than Nvidia?

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Exclusively NvidiaAccording to SpaceX’s announcement, the first Starmind satellite will feature Nvidia’s top-of-the-line Vera CPUs and Rubin GPUs, as well as its Vera Rubin NVL72 rackscale system.

On the Q2 earnings call, Musk explained why Nvidia was the logical choice:

“Going forward, we've decided to build exclusively on Nvidia, because we think the Vera Rubin architecture is the best architecture. We think it's the best AI computer, and we greatly value our close cooperation and partnership on many levels with Nvidia. We're exclusive to Nvidia.” “We think the design of the NVL72 VR computer is a much better design than, say, having a standard rack-style design. We expect to actually deploy this on the ground as well as in orbit, because we think it's going to be a radical simplification of the normal NVL72 rack. It will cost less. It'll be more effective. If we're going to put it in space, why not put it on the ground? I think that's going to be pretty cool.”

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At press time, SpaceX’s Starmind website still said, “We are AI chip vendor agnostic. Our system architecture supports compute modules from any provider,” suggesting that Musk’s decision to go “exclusively” with Nvidia architecture is a recent one.

Nvidia, for its part, hasn’t made any official comment regarding the scope of its participation.

A grain of saltSo, how long will it be before SpaceX’s Starmind satellite fleet is operational?

According to Musk, not long at all. “With respect to the Starmind AI satellite, which will be essentially an optimized Vera Rubin NVL72 computer, this is not some sort of far future distant thing,” he said on SpaceX’s earnings call. “We expect to start launching this next year.”

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

Of course, Musk is notorious for repeatedly setting ambitious deadlines and missing them, so this timeline should be considered aspirational. SpaceX has applied to the Federal Communications Commission with a proposal to build a “megaconstellation” of up to 1 million Starmind satellites. That would be about 100 times larger than SpaceX’s current Starlink satellite fleet, which has taken the company 7 years to deploy.

In other words, while it’s good that Nvidia appears to be involved in the design process, it will probably be years before the project comes online, and even longer before it can give a significant boost to SpaceX’s bottom line.

Investors probably shouldn’t factor this into their near-term thesis for SpaceX’s stock.

© Chaay_Tee / iStock via Getty Images

Pre-Market Stock Futures: Futures are trading mixed after a wild day for the major indices on Wednesday. When the final bell rang, the party for the Nasdaq, at least for the meantime, ended with the tech-heavy index closing down 0.83% at 26,363, while the small-cap Russell 2000, which still leads all of the major indices year-to-date, closed at 3,021, down 0.50%. The legacy Dow Jones Industrial Average enjoyed a stellar day, which was buoyed by a strong performance from chip giant NVIDIA (NASDAQ: NVDA | NVDA Price Prediction), and printed another record high, closing at 54,349, up 0.73%, while the S&P 500 finished lower at 7,723, down 0.17%.  ADP reported that private companies added just 44,000 jobs in July, below the estimate of 75,000 and way below the June print of 95,000. It will be interesting to see whether the non-farm payrolls come in below the expected 83,000 on Friday. A slowing job market could help temper inflation concerns and tap the brakes on a September rate hike.

Treasury Bonds: Yields were slightly lower across the Treasury curve, but the large-scale buying we saw at the start of the week tapered off sharply on Wednesday. In an odd coincidence, both the 20-year bond and the 30-year long bond closed at 5.17%, while the 10-year note was last seen at 4.62%. The softer ADP numbers likely tapered the buying, and a weak non-farm payrolls number could do the same on Friday. 

Oil and Gas: After a wild few days of hard selling to start the week, the energy complex saw the selling slow. Both of the major benchmarks finished the day lower, with Brent Crude’s final print coming in at $79.24, down 0.15%, and West Texas Intermediate was last seen down 1.10% at $74.94. Given the on-and-off negotiations with Iran, traders and investors are treading cautiously and may continue to do so until a solid final deal is agreed upon. Natural gas also closed down on Wednesday at $2.67, down 0.37%. 

Gold:
The precious metals had a big day on Wednesday as the trifecta of a weaker dollar, lower bond yields and oil prices, and positive reports on the Middle East negotiations had investors buying once again. When the final bell rang, Gold closed at $4,245, up 4.16%, while Silver ended the day at $61.88, also up 4.16%.

Crypto: Bitcoin remained steady on Wednesday, trading around $64,200 for much of the day, while Ethereum held near $1,880, as investors, like those in every other tracked sector, focused on potential negotiations over the Strait of Hormuz and awaited the upcoming jobs report. At 8 AM EDT, Bitcoin was trading at $64,540, while Ethereum was quoted at $1,905.

24/7 Wall St. reviews dozens of analyst research reports every day to identify fresh investment ideas for investors and traders alike. These daily analyst notes include recommendations on stocks to buy, sell, or avoid, as well as new coverage initiations. No single analyst report should ever be the sole basis for buying or selling a stock.

Here are some of the top Wall Street analyst upgrades, downgrades, and initiations seen on Thursday, August 6, 2026.  

Upgrades: Charles River Laboratories International (NYSE: CRL) was upgraded to Overweight from Neutral at JPMorgan, which moved the target price to $310 from $180. Global Payments (NYSE: GPN) was raised to Outperform from Peer Perform at Wolfe Research, which has a $110 target price for the shares. Northwest Natural Gas (NYSE: NWN) was upgraded to Equal Weight from Underweight at Wells Fargo, with a $50 target price. Roper Technologies (NYSE: ROP) was upgraded to Buy from Hold at Argus, with a $450 target price. Sabra Health Care REIT (NASDAQ: SBRA) was upgraded to Market Perform from Underperform at Raymond James, without a price target. Downgrades: AppLovin Corporation (NASDAQ: APP) was cut to Neutral from Overweight at Piper Sandler, which chopped the target price to $385 from $665. HubSpot (NYSE: HUBS) was cut to Neutral from Overweight at Piper Sandler, which lowered the price target for the stock to $220 from $250. Insulet Corporation (NASDAQ: PODD) was downgraded to Equal Weight from Overweight at Wells Fargo, which slashed the target price for the shares to $144 from $255. Western Digital (NASDAQ: WDC) was downgraded to Hold from Buy at Summit Insights, without a target price. Zillow Group (NYSE: ZG) was downgraded to Market Perform from Outperform at Bernstein, which dropped the target price to $38 from $50. Initiations: Atrium Therapeutics (NASDAQ: RNA) was started with a Buy rating at H.C. Wainwright, with a $25 target price. Lyell Immunopharma (NASDAQ: LYEL) was initiated with a Buy at Stifel, with a $36 target price. 
Immuneering (NASDAQ: IMRX) was initiated with a Buy rating at H.C. Wainwright, with a $14 target. Obsidian Therapeutics (NASDAQ: OBX) was started with a Buy rating at TD Cowen, without a target price. Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.

Contact [email protected] for any questions or corrections.

Initial agreement contemplates the purchase of up to 128 NVIDIA HGX B300 AI systems with an estimated aggregate hardware value of approximately $77 million based on current market pricing, subject to future purchase orders and customary conditions

Nvidia CEO Jensen Huang. Bloomberg/Getty Images Nvidia is quietly assembling a new AI safety and security engineering team, according to a cluster of job listings posted late last month.

The company is hiring a distinguished engineer to serve as a "founding technical leader" for the "newly assembled team," as well as a security research engineer, an evaluation engineer, and a senior manager. The team will evaluate AI agents before they're deployed and build AI-powered tools to patch software vulnerabilities, according to the job listings.

The hiring suggests Nvidia is making AI safety a bigger priority as it bets on a future shaped by open-weight models and AI agents. Open-weight models make their trained "weights" — which determine how they behave — publicly available, even if their training data and source code stay private.

The team is described in one listing as "rooted in the firm belief that open-weight models, transparency, and broad scientific scrutiny are foundational to American AI leadership and cybersecurity defense."

Nvidia did not respond to a request for comment from Business Insider.

Nvidia's case for open modelsIn recent months, Nvidia has steadily elevated its public messaging around open-weight AI models, which stand in contrast to the closed systems built by companies like OpenAI and Anthropic.

In his first post on X last month, Nvidia CEO Jensen Huang shared a letter urging US policymakers to support open models, saying that they "strengthen safety and cybersecurity."

Days later, Nvidia announced it had become a founding member of the Open Secure AI Alliance — a group building open-source security tools for AI. The job listings for the chipmaker's AI safety team appeared prior to this announcement and describe many of the same responsibilities.

The alliance includes 120 companies, such as Microsoft, Palantir, SpaceX, and Hugging Face, which recently relied on an open model to respond to a high-profile security incident.

While critics say open models are more accessible to bad actors, proponents say they bolster innovation through competition and improve security through transparency and collective action.

AI safety sellsThe push toward open models and AI security isn't just philosophical; it reflects key business incentives for Nvidia.

Open models put AI into the hands of far more customers, in turn creating more demand for Nvidia's AI chips needed to power it.

Safety is also critical as Nvidia pushes for broader business adoption of AI, and companies weigh how best to deploy it.

As AI shifts from chatbots to agents that can access sensitive company data and take real-world actions, trust could become the linchpin for widespread adoption.

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Geoff Weiss is a senior reporter on Business Insider’s tech team, where he writes about AI startups and Y Combinator, the intersection of AI and the media industry, and workplace dynamics within top AI labs and chip companies.Previously, Geoff was on the media desk, covering YouTube and Netflix, and themes like the intersection of Hollywood and the creator economy. His work on Netflix’s video podcasting ambitions and Mr Beast’s lessons for Hollywood won second and first prize, respectively, at the 2025 LA Press Club Awards.Prior to joining Business Insider, Geoff was the senior editor of Tubefilter and a staff writer at Entrepreneur. He graduated from New York University with a degree in English Literature.He can be reached at [email protected], on Signal @geoffweiss.25, and on LinkedIn. Have a tip? Use a personal email address and a nonwork device; here's our guide to sharing information securely.Selected stories:Nvidia crushed its quarter — and CEO Jensen Huang said in a leaked all-hands that 'the market did not appreciate it'Nvidia will foot the bill for Trump's new visa fees. Here's what CEO Jensen Huang told staff.Massive AI salaries and RTO are fueling a real estate boom in San Francisco: 'It's going to rain money'The AI talent wars are ricocheting across startups. Here's how they're competing with Big Tech.

AI Artificial Intelligence

Among stocks that made millionaires in the past, few performed better than Nvidia (NVDA +3.44%). If a person had invested $1,000 in the stock on its IPO day in January 1999 and never sold, they would own approximately $5 million worth of shares today.

Unfortunately, such gains are unlikely for future Nvidia investors. Unless someone is willing to invest a sum well into the six figures, the semiconductor stock is probably not going to be a millionaire-maker for them, and here's why.

Image source: Nvidia.

Nvidia's growth limitation Admittedly, the words "Nvidia" and "growth limitations" are not often used in the same sentence. The company reported 85% annual revenue growth in the first quarter of fiscal 2027 (ended April 26) and has delivered comparable results in each quarter for several years.

However, its market cap reveals a critical limitation on growth. It's reached $5 trillion. That makes Nvidia the largest company trading on public markets and is now far beyond just above $500 million right after its IPO.

More importantly, this also means that if one invested $10,000 in Nvidia today, that market cap would have to grow 100 times, to $500 trillion, for that Nvidia investment to reach $1 million.

For one, no company has yet reached a $6 trillion market cap. That fact is less of a concern, as Nvidia could be a $10 trillion company by 2030. Nonetheless, that would merely double an investment of $10,000, bringing it to $20,000. Moreover, reaching $500 trillion seems unlikely, given that the annual output of the entire U.S. economy is currently around $32 trillion.

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Furthermore, the stock price's growth could slow. Nvidia's 32 P/E ratio is not far above the 29 average earnings multiple of the S&P 500. Looking forward, the 82% growth rate analysts forecast for fiscal 2027 is also on track to slow to 43% in the next fiscal year. That should put Nvidia stock on track to outperform the overall market.

At the same time, it is unlikely to take a $10,000 investment into the six figures quickly, let alone to $1 million and beyond.

Moving forward with Nvidia stock Unless an individual can invest a sum well into the six figures in Nvidia, they should not expect to become a millionaire as a result.

Indeed, Nvidia was a millionaire-maker stock, particularly for investors who bought it early in its history. Now, with a $5 trillion market cap, it has reached a level where its size is one-sixth of the entire annual output of the U.S. economy.

Consequently, investors should expect slower price appreciation going forward. Hence, while the low valuation and projected revenue growth leave room for Nvidia to beat the S&P 500's returns, investors should not expect small sums to grow to $1 million.

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Here is the number that should stop any leveraged ETF trader in their tracks: year to date through Tuesday’s close, the GraniteShares 2x Long NVDA Daily ETF (NASDAQ:NVDL) is up 11.5%. NVIDIA (NASDAQ:NVDA | NVDA Price Prediction), the stock it is designed to double, is up 13.78%. A 2x fund is trailing the 1x stock, and by a wider margin over the past year: NVDL up 9.3% against NVIDIA’s 17.9%.

That gap is the entire story of leveraged single-stock ETFs, condensed into two data points.

What NVDL Actually Is NVDL is a GraniteShares product that seeks 2x the daily price return of NVIDIA using swaps and options rather than owning shares outright. It launched on December 13, 2022, carries a 1.05% expense ratio, and had grown to roughly $4.21 billion in AUM as of March 2, 2026. It has been called the “most successful single-stock ETF ever” by ETF.com, and it executed a 3-for-1 split on June 26, 2026 to keep the share price accessible.

The category has exploded alongside it. AI-focused leveraged single-stock ETFs held $17.7 billion in AUM as of last August, with new launches tripling in 2025 versus 2024.

The 2x That Isn’t 2x Here is the mechanic that trips up newcomers. NVDL resets every day. If NVIDIA rises 3% today, NVDL targets +6% today, then rebuilds its swap book at the new level for tomorrow. Compound that daily reset across a choppy month and the math stops being multiplicative.

The clearest illustration sits in the fund’s own recent history. In early 2025, according to reporting from 24/7 Wall St., NVDL lost 68% peak-to-trough while NVIDIA fell roughly 35%. A pure 2x relationship would have produced a 70% loss, so this one was close, but the more important number is what came after: even as NVIDIA clawed back, NVDL did not fully catch up. That is volatility decay in action. Daily rebalancing amplifies losses on the way down and forces the fund to rebuild from a smaller base on the way up.

That is why, over the last twelve months of choppy AI trading, a 2x fund can lag a 1x stock outright.

Why the Five-Year Chart Still Looks Amazing Now the counterweight, because the same mechanic that punishes chop rewards trend. Since inception on December 13, 2022, NVDL is up 2,405.55%. NVIDIA, over that same window and beyond, has run 930.5% over five years.

Translated into dollars, a $100 investment in NVDL five years ago would be worth roughly $2,021.52 today, per Benzinga’s January reporting, an annualized return of 82.45%. A separate Benzinga piece from June 24, 2026 pegged $1,000 five years back at more than $20,800. The one-directional AI trade is exactly the environment daily-reset leverage was built for.

NVDL Versus the 3x Alternative Traders shopping this trade increasingly weigh NVDL against Direxion’s 3x NVIDIA fund, NVDU. The comparison is closer than the leverage factors suggest. Year to date, NVDU is up 11.73%, essentially a tie with NVDL’s 11.5% despite carrying an extra turn of leverage. Over one year, NVDU is up 9.12%, again in line with the 2x fund. NVDU’s most recent NPORT filing shows why: only 10.14% of net assets sit in actual NVDA shares, with the rest in cash and derivatives that must be reset daily.

The higher the leverage multiple, the more sensitive the fund is to volatility drag. Extra leverage does not always translate into extra return once the market gets bumpy.

The Turn: Why Anyone Owns This The case for NVDL is a short-term tactical trade, and its own defenders say so. Seeking Alpha’s Michael Del Monte, who rates it a Buy, writes that it is “suitable for experienced traders looking for short-term opportunities” and “should only be held daily.” ETF.com’s staff put it more bluntly: “NVDL is suitable primarily for short-term traders due to its daily leverage reset and decay.” Leveraged ETFs reset every day and are engineered for short holding periods; hold one through a sideways or volatile stretch and returns can diverge sharply from the headline multiple, even turning negative while the underlying is flat.

Short interest reflects that ambivalence. As of December 15, 2025, 29.90% of NVDL’s float was sold short, a 32.88% jump from the prior report.

What to Watch Next The next NVIDIA earnings report is the setup that will decide whether NVDL closes its 2026 gap with the underlying or widens it. A clean directional move rewards the structure. Another whipsaw quarter, of the kind that produced early 2025’s 68% drawdown, does the opposite. For now, keep an eye on the stock: a 2x label is a daily promise for one day, not a full year.

Contact [email protected] for any questions or corrections.

On CNBC’s Squawk on the Street this morning, Jim Cramer laid out a two-sided view of SpaceX in the wake of the company’s first post-IPO earnings report. He’s bullish on the trillion-dollar revenue thesis by 2030, but he’s cautious about the near-term headwinds likely to hit the stock as soon as tomorrow. SpaceX reported a 92% jump in quarterly revenue and beat earnings estimates, but shares fell sharply after the call.

Cramer’s framing was direct: “I’m positive on the stock long term. I don’t think short term. Short term, forget about it. That’s why I said it’s 2030 stuff. If it does $1 trillion.” That timeline matches management’s own guidance. Elon Musk told investors, “We are expecting to reach $100 billion plus ARR in December of this year.” Additionally, SpaceX is moving up its $1 trillion revenue target from 2031 to 2030, with a small chance of reaching it in 2029.

$100 Billion in SpaceX Shares Could Hit the Market Tomorrow What’s driving Cramer’s near-term caution for SpaceX is the August 6th share unlock, where about $100 billion in shares will become tradable. Cramer’s take on why the stock sold off is that: “I think it’s the huge number of shares that are coming. You know, the lockup.”

SpaceX’s capex plan is built on gigawatt-scale AI compute, and NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) is the exclusive silicon partner underpinning that buildout. NVIDIA’s most recent quarter showed $253.49 billion in trailing revenue and a forward P/E of 23, with data center revenue in Q1 FY2027 hitting $75.25 billion, up 92% year over year, per the company’s Q1 FY2027 filing.

NVIDIA Holds the Keys to SpaceX’s AI Buildout NVIDIA shares are up 13.78% year to date and trading at $220.74 intraday.

Prediction markets echo Cramer’s split view on NVIDIA. The composite sentiment score sits at 47.08 (Neutral), with a 7-day change of -18.08 points, though crowd probability that NVDA closes above $200 today stands at 96.8%.

Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.

SpaceX Could Soon Spend as Much on Capex as Amazon, Microsoft, and Alphabet David Faber walked through the capex numbers analysts are penciling in for SpaceX: “Morgan Stanley is now at $163 billion. JP Morgan is at $196 billion. That gets them right up there with the likes of Alphabet, Microsoft, and Amazon in capex. Except that they’re going to have to raise a lot of money.” SpaceX itself is planning 10 gigawatts of AI compute capacity, versus a street estimate of 4.5 gigawatts, and is targeting a $100+ billion ARR by December 2026.

The financing question is where Cramer leans on Musk’s history. “He always manages to raise money. He did with Tesla. There’s nobody better,” Cramer said. Tesla (NASDAQ:TSLA) itself put $2 billion of equity into SpaceX per its Q1 FY2026 filing and is building a semiconductor fab with SpaceX at Gigafactory Texas.

Tesla’s $2 Billion Bet Ties Musk’s Empires Together Tesla shares are down 27.21% year-to-date, with the stock trading around $322. Q2 FY2026 revenue was $28.24 billion, up 25.5% year over year, but non-GAAP EPS came in at $0.33 versus an estimated $0.54, missing expectations, with free cash flow of $1.09 billion. Tesla trades at a forward P/E of 169.

Prediction markets assign only a 17.5% probability to a Tesla-SpaceX merger being announced by December 31, and a 5.7% probability that Musk exits as Tesla CEO before 2027.

What To Watch Cramer’s long-term thesis still points toward 2030 and the possibility of a $1 trillion revenue business. Getting there will require Musk to repeat the playbook he used at Tesla, where he raised an extraordinary amount of capital and turned an ambitious technological vision into a commercially viable business.

Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.

Contact [email protected] for any questions or corrections.

Shares of Nvidia (NVDA +3.44%) were firmly in rally mode on Wednesday, climbing as much as 4.9%. As of 1:41 p.m. ET, the stock was still up 4.4%.

The catalyst that sent the artificial intelligence (AI) chipmaker higher was news that one of the biggest names in tech is going all in on Nvidia.

Image source: The Motley Fool.

Let the chips fall where they may Space Exploration Technologies (SPCX -13.60%), aka SpaceX, is the latest company helmed by Elon Musk. The company is a triune of entities, including the SpaceX space exploration and launch business, the Starlink satellite broadband and connectivity segment, and the xAI -- the AI segment that includes Grok AI, compute, and social media platform X. Musk plans to build AI-centric data centers in space, which will require a steady supply of graphics processing units (GPUs) to underpin its AI.

After the market close on Tuesday, SpaceX unveiled its first financial report as a public company, and Nvidia got a shout-out from Musk during the earnings call, who noted that it would be building SpaceX's AI systems exclusively with Nvidia's GPUs.

Going forward, we've decided to build exclusively on Nvidia, because we think the Vera Rubin architecture is the best architecture. We think it's the best AI computer, and we greatly value our close cooperation and partnership on many levels with Nvidia. We're exclusive to Nvidia.

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Musk went on to say, "Our understanding with Nvidia is that we will receive a very significant percentage of their GPUs next year." He then doubled down on his commitment, posting on X, "SpaceX has committed to using Nvidia GPUs exclusively because they are the best."

SpaceX expects to close out 2026 with more than 2 gigawatts of compute capacity, with that rising to 10 gigawatts by the end of 2027.

While we don't know precisely what that will mean for Nvidia in terms of revenue and profits, it underscores the company's dominance in AI chipmaking. This will no doubt continue to benefit Nvidia shareholders.

Danny Vena, CPA has positions in Nvidia. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy.

Nvidia shares are getting a lift after some encouraging comments from SpaceX and Tesla CEO Elon Musk.