SummaryNvidia Corporation remains a Strong Buy as Q2 is poised for significant top-line acceleration and robust gross margin expansion, supported by AI-driven demand.Consensus expects Q2 revenue of $91.85 billion (96.49% YoY growth) and EPS of $2.08 (98.38% YoY), but a positive surprise is likely.Networking revenues are set to outpace compute driven by market share gains and new technologies like Spectrum-6.Despite rising credit risk, NVDA stock trades at a forward PEG of 0.53 and just 12.11x 2030 earnings, making valuation compelling. Robert Way/iStock Editorial via Getty Images
Introduction In mid-June, I reiterated my Strong Buy rating on Nvidia Corporation (NVDA) for the second time this year. Despite accelerating growth and expanding margins, the valuation was somehow at a discount to
5.4K Followers
Analyst’s Disclosure: I/we have a beneficial long position in the shares of MSFT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Analyst's family has a beneficial long position in the shares of SPCX.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
HomeIndustriesComputers/ElectronicsTech StocksTech StocksSpaceX CEO Elon Musk said his company will only use Nvidia’s chips to build its AIAug. 5, 2026, 11:51 a.m. ET
Nvidia’s stock was bucking chip-sector weakness on Wednesday as it headed for its fifth session in a row of gains.
The company’s NVDA artificial-intelligence chips got a major endorsement from Elon Musk on SpaceX’s first-ever earnings call late Tuesday. He touted Nvidia’s upcoming Vera Rubin chip architecture as “the best” and said that SpaceX SPCX has “decided to build exclusively on Nvidia” from now on.
The man who ran Treasury during the last real financial crisis went on CNBC Tuesday from the Aspen Economic Strategy Group, sitting alongside Tim Geithner, and refused to pick a side. Hank Paulson steered a middle course between Bezos-style AI utopianism and Amodei-style civilizational alarm. He looked at the AI capex boom and saw a pattern from 2008, echoing its shape rather than its crash.
That shape is money moving in a circle. For a retail investor watching NVIDIA (NASDAQ:NVDA | NVDA Price Prediction)-fueled index gains alongside a job market where JOLTS openings just fell to 7.36 million from 7.585 million in April, the Paulson framing matters.
The Circular Money Loop Paulson Is Watching Here is the setup in his own words. “The suppliers of chips and compute, you know, making investments in the customers. So they’ve got the capacity to buy and customers that need the chips, making investments in some of the suppliers to make sure they’ve got them.” He was careful to say nothing nefarious is happening. Everyone acts rationally inside their own contract.
The problem is what happens when the same dollar shows up on three different balance sheets. A chip vendor invests in an AI lab. The AI lab uses that money to buy chips from the vendor. The vendor books revenue, its stock rises, and it recycles the gain into the next round of customer financing. When demand is real, this looks like a flywheel. When demand softens, the same wiring runs in reverse, because the supplier’s revenue, the customer’s spending power, and the equity valuation propping up the arrangement are the same dollar wearing three hats.
Think of climbers roped together on a cliff. Fine on the way up. When one slips, everyone learns how tightly they were tied. Paulson’s point is that risk is concentrated inside the loop, which is why he says a correction is inevitable even if he is not calling a date.
The White Collar Jobs Shock Then he turned to labor. “In terms of white collar workers, okay, there’s going to be a lot of a lot of displacement and it’s going to happen so quickly.” That word, quickly, is the load-bearing one.
Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
Right now the aggregate labor picture looks fine. Unemployment sits at 4.2% as of June, and nonfarm payrolls hit 158.984 million in June, a fresh high. Aggregates lie about composition. If AI eats a specific slice of legal review, marketing copy, first-pass coding, and mid-level analyst work over eighteen months, the top-line unemployment number stays tame while entire career ladders quietly disappear. For a reader whose paycheck depends on producing exactly that kind of output, the realistic planning horizon is shorter than the last cycle’s was.
Why The Balance Sheets Look Different The nuance keeping Paulson off the doom stage is balance sheets. The hyperscalers spending on GPUs throw off enormous cash flows and carry very little of the exotic leverage that broke Lehman. Information sector profits ran at $352.5 billion in the first quarter of 2026, up from $265 billion two years earlier, and total corporate profits grew 12.8% year over year. That is a very different animal from mortgage-backed paper stacked forty-to-one.
Markets seem to agree. The VIX closed at 15.86 on August 3, back in complacency territory after a March spike to 31.05. The 10-year minus 2-year spread sits at 0.45%, positive and not signaling recession. What he is describing is a painful mark-to-market correction in AI equities, paired with a fast, uneven jobs shock.
What To Watch Paulson’s actual ask was for policy. “One of the things that we as a government need to focus on… what kinds of plans do we need to put in place? So when the jobs are lost… we’ve got programs to deal with.” Build the retraining and safety-net rails now, while markets look calm, because you cannot pour concrete during the storm. You can see the underlying data in FRED’s series for JOLTS job openings, which is where softness will show first.
For the retail investor scrolling their brokerage app. Do not confuse hyperscaler solvency with your own. The companies at the center of the AI trade can absorb a repricing. Your career, and the concentrated position in your 401(k) tracking the same names, might absorb it less gracefully. Watch three things. Watch whether vendor financing to AI customers keeps growing as a share of reported revenue. Watch JOLTS by white-collar category, not the headline. Watch the yield curve. Paulson’s message is to know which rope you are tied to.
Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
Key Takeaways SpaceX will use NVIDIA's Vera Rubin platform for AI workloads in data centers and orbit.NVIDIA's fiscal 2027 first-quarter revenues rose 85% to a record $81.6 billion.SpaceX strengthens NVIDIA's industrial AI credibility and future hardware upgrade opportunities. NVIDIA Corporation (NVDA - Free Report) is gaining another high-profile customer as Elon Musk-owned Space Exploration Technologies Corporation (SPCX), commonly known as SpaceX, adopts its AI infrastructure to support next-generation engineering, manufacturing and operational workloads. During SpaceX’s second-quarter 2026 earnings call, Elon Musk said that the company would use NVIDIA’s GPUs (graphics processing units) and systems for its AI needs.
The enhanced partnership highlights how NVIDIA is expanding beyond cloud computing into industrial AI, creating new growth opportunities across advanced manufacturing and aerospace. In the latest development, Elon Musk stated that SpaceX will leverage NVIDIA’s new Vera Rubin platform to handle AI workloads at the company’s data centers.
SpaceX will use NVIDIA architecture focusing on advanced Vera Rubin and ground/orbital systems for its new Starmind AI satellite program rather than standard ground-based DGX SuperPOD deployments. Elon Musk announced that SpaceX will run its future AI compute infrastructure exclusively using NVIDIA systems both on Earth and in orbit.
The timing is favorable for NVIDIA. In the first quarter of fiscal 2027, the company reported record revenues of $81.6 billion, up 85% year over year, while Data Center revenues surged 92% to $75.2 billion. The AI Clouds, Industrial and Enterprise business generated $37.4 billion in revenues, reflecting growing demand from enterprises outside the traditional hyperscale market. Management also forecast second-quarter revenues of about $91 billion, signaling sustained AI spending.
While SpaceX alone is unlikely to materially change NVIDIA’s financial results, the deal reinforces a broader trend. More industrial companies are investing in AI infrastructure to improve productivity, automate complex processes and speed innovation. Every major enterprise deployment also strengthens NVIDIA’s software ecosystem and creates opportunities for future hardware upgrades.
As AI adoption spreads across industries, marquee customers like SpaceX enhance NVIDIA’s credibility and could encourage more enterprises to invest in its end-to-end AI platform, supporting long-term revenue growth. The Zacks Consensus Estimate for fiscal 2027 revenues is currently pegged at $387.19 billion, indicating a 107% year-over-year surge.
Where Do Competitors Stand Against NVIDIA?While NVIDIA continues to win high-profile enterprise customers like SpaceX, Advanced Micro Devices, Inc. (AMD - Free Report) and Broadcom Inc. (AVGO - Free Report) are also strengthening their positions in enterprise AI infrastructure.
Advanced Micro Devices is expanding its enterprise AI footprint through partnerships with major cloud providers, research institutions and industrial customers. In the second quarter of 2026, AMD's Data Center revenues soared 107% year over year, driven by robust demand for EPYC server processors and Instinct AI accelerators. The company is also enhancing its ROCm open software platform to make AI deployment easier for enterprises seeking alternatives to NVIDIA. As more manufacturing, aerospace and automotive companies adopt AI, Advanced Micro Devices is well-positioned to benefit from rising enterprise infrastructure spending.
Broadcom is targeting the same opportunity through custom AI accelerators and high-speed networking solutions. In the second quarter of fiscal 2026, Broadcom’s AI semiconductor revenues rose 143% year over year to a record $10.8 billion. Broadcom works closely with hyperscalers and large enterprises to design custom AI chips while supplying Ethernet networking products that connect large AI clusters.
Although both companies are building strong enterprise AI ecosystems, NVIDIA retains a significant advantage through its combination of GPUs, networking, AI software and developer tools, making it the preferred platform for many large-scale AI deployments.
NVIDIA’s Price Performance, Valuation and EstimatesShares of NVIDIA have risen around 13.6% year to date, underperforming the Zacks Computer and Technology sector’s gain of 14.6%.
NVIDIA YTD Price Return Performance
Image Source: Zacks Investment Research
From a valuation standpoint, NVDA trades at a forward price-to-earnings ratio of 19.52, below the sector’s average of 21.26.
NVIDIA Forward 12-Month P/E Ratio
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for NVIDIA’s fiscal 2027 and 2028 earnings implies a year-over-year increase of approximately 90.6% and 38.3%, respectively. Estimates for fiscal 2027 and 2028 have been revised upward over the past 30 days.
Image Source: Zacks Investment Research
NVIDIA currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
SummaryNvidia Corporation is upgraded from Hold to Buy as valuation now better reflects its robust, expanding AI platform and diversified growth drivers.NVDA's moat is deepening, with networking, software, and enterprise AI forming a reinforcing ecosystem that increases customer dependence and switching costs.Enterprise and sovereign AI, along with networking, are accelerating faster than hyperscale, making future earnings more sustainable and less reliant on a few hyperscalers.My base case values NVDA at $207–$225 (23x–25x FY2027 EPS), with upside to $360–$390 if platform adoption and earnings growth outpace expectations. Antonio Bordunovi/iStock Editorial via Getty Images
Elevator Thesis I assigned Nvidia Corporation (NVDA) a Hold rating in my prior coverage. However, that wasn't something that showed the quality of the business.
At the time, the Q1 results had already
722 Followers
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Americké akciové trhy se dnes obchodují smíšeně, přestože S&P 500 a Dow Jones vystoupaly na nová historická maxima. Náladu podporují naděje na diplomatický průlom na Blízkém východě a solidní výsledková sezóna, ale technologický Nasdaq brzdí pokles akcií SpaceX a AMD, jejichž výsledky a výhledy nedokázaly naplnit vysoká očekávání investorů. Dow Jones přidává zhruba 0,8 %, S&P 500 se pohybuje poblíž nuly až mírně v plusu, zatímco Nasdaq Composite lehce ztrácí. Makroekonomická data ukázala zpomalení růstu soukromé zaměstnanosti v USA podle ADP, což zvyšuje význam pátečních oficiálních dat z trhu práce. Nejistotu zároveň udržuje Fed, když prezident Minneapolského FED Neel Kashkari uvedl, že podle něj nastal čas začít pomalu posouvat sazby výše, a další představitelé centrální banky mají během dne vystoupit.
Sektorově pokračuje rotace mimo část technologických titulů, přičemž pět z jedenácti sektorů S&P 500 roste. Nejlépe si vede sektor základních materiálů, který přidává 1,5 % díky zhruba čtyřprocentnímu růstu cen zlata a stříbra. Naopak energetický sektor ztrácí přibližně 2,1 %, přestože ropa se během dne drží mírně výše po zprávách o útocích jemenských Hútíů na saúdské lodě v Rudém moři. Celkově však ropa v tomto týdnu výrazně zlevnila díky nadějím, že dohoda mezi USA, Ománem a Íránem by mohla obnovit provoz přes Hormuzský průliv, který je klíčový pro světové toky ropy a LNG.
Z jednotlivých akcií nejvíce zaujaly SpaceX (SPCX -10,07 %) a AMD. SpaceX klesá o 10 %, přestože v prvních výsledcích po vstupu na burzu téměř zdvojnásobila tržby a snížila provozní ztrátu. Investory ale znepokojilo pokračování vysokých výdajů na AI infrastrukturu a blížící se konec lock-up období. AMD (AMD -6,16 %) odepisuje 6,5 % po výhledu tržeb nad odhady, protože trh po letošním růstu akcie o více než 140 % čekal ještě silnější prognózu. Titul navíc zasáhlo vyjádření Elona Muska, že SpaceX bude svá datová centra stavět výhradně na technologiích Nvidie (NVDA +4,42 %), která naopak roste o více než 4 %. Amazon (AMZN -2,03 %), Microsoft (MSFT -0,83 %) a Alphabet (GOOGL -3,93 %) jsou v druhé půlce seance pod tlakem a to i po silných výsledcích z předchozích dnů. Z dalších firem Eli Lilly (LLY +3,56 %) přidává po zvýšení celoročního výhledu tržeb, Disney (DIS +2,36 %) roste o 2,2 % díky lepšímu než očekávanému zisku zatímco Uber (UBER -6,55 %) ztrácí přes 6 % kvůli slabšímu výhledu upraveného zisku.
Index S&P 500 +0,02 % na 7738,04 b.
Index Dow Jones +0,8 % na 54519,65 b.
Index Nasdaq Composite -0,34 % na 26486,97 b.
Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Základní materiály +1,4 % Sektor komunikací -2,7 % Zdravotní péče +1,2 % Energie -1,5 % Informační technologie +0,6 % Utility -1,2 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Charles River LI (CRL) +11 % INSULET CO (PODD) -20 % International Flavors & Fragrances (IFF) +7,9 % DaVita (DVA) -18 % Newmont (NEM) +7,1 % CDW Corp/DE (CDW) -11 % Wynn Resorts (WYNN) +6,7 % SBA Communications (SBAC) -7,5 % Centene (CNC) +6,3 % C rown Castle (CCI) -7 % Zdroj: Reuters
Výraz Mag7 popisující sedmičku oblíbených velkých technologických společností se stále intenzivně používá. Je ale podle mě vysoce pravděpodobné, že jednou to s ním bude třeba jako s dnes už v podstatě zapomenutou skupinou BRIC. První fází tohoto odchodu z prémiové pozice by mohly být valuace. Dnes o nich právě z pohledu „prémiové“ a většinové skupiny, k tomu pár úvah o dalším pokračování současného valuačního cyklu.
Největších pět firem v indexu S&P 500 nyní představuje NVIDIA, Apple, Microsoft, Amazon a Alphabet. V roce 2000 to byly General Electric, Microsoft, Cisco Systems, Walmart a ExxonMobil. To samo o sobě ukazuje, jak mohutné jsou posuny z prémiových pozic. A uvádím to i jako úvod k následujícímu grafu. Ten ukazuje, jak se vyvíjel poměr cen akcií k ziskům u pětky největších společností na trhu a u zbylých 495 akcií. Celkově tu vidíme dva cykly, kdy rostou valuace na celém trhu a zároveň se největší akcie svým PE odtrhávají od zbytku trhu. Pak se zase tato mezera uzavírá. Nyní jsme právě v této fázi, předchozí valuační mezera nyní v podstatě vymizela:
Zdroj: X
PE největších firem v tomto druhém cyklu nedosáhlo na maxima z vrcholu technologické bubliny. Ovšem valuace zbytku trhu, tedy bezpochyby také řady velmi zajímavých společností „Mag495“, se ale v současném cyklu dostaly v podstatě na podobné úrovně, jako tehdy. U podobných časových srovnání PE je ale dobré si občas připomenout, že mohou porovnávat hrušky s jablky. V tom smyslu, že do valuací se významnou měrou promítají bezrizikové sazby, hlavně zřejmě výnosy desetiletých vládních dluhopisů.
Dejme tedy tomu, že trh má nyní podobné valuace, jako před čtvrt stoletím. Kdyby ale byly dnešní bezrizikové sazby třeba poloviční, než tehdy, znamená to, že současný optimismus na trhu je znatelně menší, než tehdy. Současnému PE by totiž na podobné úrovně jako před 25 lety mnohem více pomáhaly bezrizikové sazby. Tehdy by zase mnohem větší „práci“ musel dělat optimismus. Jak je to ale konkrétně? Následující graf ukazuje, že nyní se výnosy desetiletých obligací pohybují pod 5 %, do roku 2000 k této úrovni mířily shora:
Zdroj: X
Pokud tedy dáme stranou možný psychologický efekt z toho, že tehdy šly výnosy k 5 % směrem odshora a nyní to je odspoda, tak v bezrizikových sazbách nějaký masívní rozdíl nenajdeme. Takže ve výše uvedené logice to znamená, že (i) nyní u pěti největších společností na trhu panuje výrazně menší optimismus, než před cca 25 lety. A (ii) u Mag495 je optimismus stejný, jako tehdy. Optimismem přitom myslím kombinovaný efekt rizikových prémií a očekávaného dlouhodobého růstu zisků a hlavně volného toku hotovosti.
Pokud by se nyní celý cyklus rýmoval s tím předchozím, začaly by nyní klesat i valuace Mag495 a dál by klesalo i PE velké pětky. K tomu bych připomněl, že PE může klesat méně příjemným způsobem, tedy přes pokles čitatele (tedy ceny akcií). Nebo příjemným způsobem, přes růst jmenovatele, tedy zisky (a samozřejmě je tu celá škála kombinací). K tomu si vezměme třeba následující kalkulaci:
Dejme tomu, že nějaké udržitelné, či v cyklu průměrné PE trhu je kolem 16 (viz první graf). Nyní se pohybuje kolem 20. Dejme tomu, že požadovaná návratnost je nyní u amerických akcií 4,7 % bezrizikových sazeb plus 3 % riziková prémie. Tedy asi 8 %. Takže v ideálním scénáři chceme, aby PE korigovalo k 16 a P zároveň rostlo ročně o 8 %.
V pětiletém horizontu bychom toho na základě jednoduché kalkulace dosáhli, kdyby zisky obchodovaných společností rostly o 13 %. A shodou okolností jsem tu včera psal, že pětiletá očekávání pomyslného konsenzu jsou nyní podle dat Yardeni Research na 25 %. Tedy téměř na dvojnásobku. Ovšem téměř stoleté zkušenosti ukazují, že průměrný růst zisků je mezi 6 – 7 % ročně. Tedy na cca polovině oněch 13 %.
Alcosta Capital Management Inc. trimmed its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 4.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,280 shares of the computer hardware maker’s stock after selling 5,968 shares during the period. NVIDIA comprises about 15.3% of Alcosta Capital Management Inc.’s portfolio, making the stock its largest position. Alcosta Capital Management Inc.’s holdings in NVIDIA were worth $20,105,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in NVIDIA by 1.2% in the fourth quarter. State Street Corp now owns 991,480,489 shares of the computer hardware maker’s stock worth $184,911,111,000 after acquiring an additional 11,451,386 shares in the last quarter. Geode Capital Management LLC increased its holdings 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 acquiring an additional 3,383,441 shares in the last quarter. Norges Bank purchased a new position in shares of NVIDIA in the 4th quarter valued at approximately $62,244,133,000. Bank of America Corp DE raised its position in shares of NVIDIA by 1.5% in the 4th quarter. Bank of America Corp DE now owns 187,181,484 shares of the computer hardware maker’s stock valued at $34,909,347,000 after purchasing an additional 2,849,678 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in NVIDIA by 1.5% in the 3rd quarter. Legal & General Group Plc now owns 181,203,035 shares of the computer hardware maker’s stock worth $33,808,862,000 after purchasing an additional 2,609,560 shares in the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.
Insider Buying and Selling at NVIDIA In other NVIDIA news, 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 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. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John Dabiri sold 625 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $214.00, for a total value of $133,750.00. Following the completion of the sale, the director owned 14,163 shares in the company, valued at approximately $3,030,882. This represents a 4.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 1,901,125 shares of company stock valued at $410,583,015. 3.94% of the stock is owned by company insiders.
NVIDIA Trading Up 2.6% NASDAQ NVDA opened at $211.94 on Wednesday. NVIDIA Corporation has a 1 year low of $164.07 and a 1 year high of $236.54. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 2.85. The company has a market capitalization of $5.13 trillion, a PE ratio of 32.46, a P/E/G ratio of 0.40 and a beta of 2.23. The company has a fifty day moving average of $205.18 and a 200 day moving average of $196.55.
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 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 company had revenue of $81.61 billion for the quarter, compared to the consensus estimate of $78.42 billion. During the same period last year, the firm earned $0.81 EPS. The firm’s revenue for the quarter was up 85.2% compared to the same quarter last year. Research analysts forecast that NVIDIA Corporation will post 8.79 earnings per share for the current year.
NVIDIA announced that its board has approved a stock buyback plan 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 buy 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.
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 is an increase from NVIDIA’s previous quarterly dividend of $0.01. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date was Thursday, June 4th. NVIDIA’s dividend payout ratio (DPR) is 15.31%.
Key Headlines Impacting NVIDIA Here are the key news stories impacting NVIDIA this week:
Positive Sentiment: Elon Musk said SpaceX will build “exclusively” on NVIDIA’s Vera Rubin platform, providing a potentially significant high-profile customer commitment and strengthening confidence in demand for NVIDIA’s next-generation systems. Musk Praises Vera Rubin Platform on SpaceX Earnings Call, Nvidia Stock Climbs Positive Sentiment: Corvex secured a multi-year agreement for Blackwell GPU infrastructure, including liquid-cooled clusters, Quantum-2 InfiniBand and high-speed storage. The deployment adds another large-scale Blackwell installation without issuing new shares. Nvidia Stock Surges as Corvex Secures Multi-Year Blackwell GPU Deal Positive Sentiment: Anthropic reportedly signed a six-year, $10 billion computing agreement with NVIDIA-backed Volta Infra. The arrangement could support demand for Vera Rubin systems and validates the growth of AI cloud infrastructure. Anthropic Inks $10B Computing Deal With Nvidia-Backed Volta Infra Positive Sentiment: Reports describing a roughly 12-to-1 demand-to-supply imbalance, scarce chips and strong chip resale values reinforced the view that NVIDIA retains pricing power amid the AI buildout. NVIDIA Facing 12-to-1 Demand to Supply Positive Sentiment: NVIDIA’s Open Secure AI Alliance has expanded to more than 120 companies and is developing shared security standards, potentially broadening NVIDIA’s influence across the AI software ecosystem. Nvidia’s Open Secure AI Alliance Shows Progress Neutral Sentiment: Export controls are creating a gray market in Southeast Asia, where buyers use proxy cloud access to obtain NVIDIA-based compute. This signals inelastic demand but also highlights continuing regulatory and geopolitical risks. The AI Chip Blockade Is Creating a Shadow Market Negative Sentiment: Investor Michael Burry reportedly increased put-option exposure to NVIDIA, Micron and semiconductor ETFs, renewing concerns that AI spending expectations and valuations may be vulnerable to a correction. Michael Burry’s Latest Bet Puts Nvidia’s AI Boom on Trial Negative Sentiment: Analysts continue to warn that custom chips, AI inference workloads and software capable of rewriting code could gradually weaken NVIDIA’s CUDA advantage and pressure future margins. Analysts Set New Price Targets Several analysts have weighed in on NVDA shares. BTIG Research started coverage on shares of NVIDIA in a research report on Wednesday, April 15th. They set a “buy” rating on the stock. BNP Paribas Exane lifted their price objective 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. Cantor Fitzgerald reissued an “overweight” rating and set a $350.00 price objective on shares of NVIDIA in a report on Thursday, May 21st. New Street Research cut their target price on NVIDIA from $343.00 to $340.00 in a research report on Thursday, May 21st. Finally, CICC Research upped their target price on NVIDIA from $240.60 to $268.30 and gave the company an “outperform” rating in a research report on Friday, May 22nd. Three investment analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $304.26.
Get Our Latest Report on NVIDIA
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 System Upgrade: First Internet Bancorp Options Surge AI Security Breaches Raise New Risks for Microsoft and Amazon’s Agent Push The AI Chip Blockade Is Creating a Shadow Market Grab Holdings Stock Forms Bottom After Strong Beat-and-Raise Quarter
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.
Bowen Hanes & Co. Inc. reduced its holdings in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 18.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 609,815 shares of the computer hardware maker’s stock after selling 137,730 shares during the period. NVIDIA makes up 2.6% of Bowen Hanes & Co. Inc.’s portfolio, making the stock its 6th largest holding. Bowen Hanes & Co. Inc.’s holdings in NVIDIA were worth $106,352,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of NVDA. Spectrum Financial Alliance Ltd LLC increased its stake in NVIDIA by 3.8% in 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 during the period. Presidio Capital Management LLC grew its holdings in NVIDIA by 0.4% during the 4th quarter. Presidio Capital Management LLC now owns 15,137 shares of the computer hardware maker’s stock worth $2,823,000 after acquiring an additional 53 shares in the last quarter. LMG Wealth Partners LLC raised 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 purchasing an additional 53 shares in the last quarter. Vision Financial Markets LLC lifted its position in shares of NVIDIA by 1.2% in the 3rd quarter. Vision Financial Markets LLC now owns 4,640 shares of the computer hardware maker’s stock worth $866,000 after purchasing an additional 53 shares during the period. Finally, JGP Global Gestao de Recursos Ltda. boosted its stake in shares of 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 valued at $448,000 after purchasing an additional 55 shares in the last quarter. Institutional investors own 65.27% of the company’s stock.
NVIDIA Price Performance Shares of NASDAQ NVDA opened at $211.94 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.85 and a current ratio of 3.44. The company has a market cap of $5.13 trillion, a PE ratio of 32.46, a P/E/G ratio of 0.40 and a beta of 2.23. The business has a 50-day simple moving average of $205.18 and a two-hundred day simple moving average of $196.55. NVIDIA Corporation has a fifty-two week low of $164.07 and a fifty-two week high of $236.54.
NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, 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 revenue for the quarter was up 85.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.81 earnings per share. As a group, equities analysts expect that NVIDIA Corporation will post 8.79 EPS for the current fiscal year.
NVIDIA declared that its Board of Directors has initiated a stock repurchase 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 repurchase up to 1.5% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
NVIDIA Increases Dividend The business also recently declared a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 4th were issued a $0.25 dividend. This is an increase from NVIDIA’s previous quarterly dividend of $0.01. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, June 4th. NVIDIA’s dividend payout ratio is 15.31%.
Insiders Place Their Bets In other news, Director John Dabiri sold 625 shares of NVIDIA stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $214.00, for a total transaction of $133,750.00. Following the completion of 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 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 business’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 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 ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 1,901,125 shares of company stock valued at $410,583,015. Insiders own 3.94% of the company’s stock.
Analysts Set New Price Targets A number of brokerages recently commented on NVDA. Citigroup assumed coverage on shares of NVIDIA in a research note on Wednesday, April 15th. They issued a “buy” rating for the company. Melius Research set a $400.00 price target on NVIDIA in a report on Thursday, May 21st. CICC Research boosted their price target on NVIDIA from $240.60 to $268.30 and gave the stock an “outperform” rating in a research report on Friday, May 22nd. Argus upped their price objective on NVIDIA from $220.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Finally, Wall Street Zen downgraded NVIDIA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Three investment 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’s stock. Based on data from MarketBeat, NVIDIA presently has a consensus rating of “Buy” and a consensus price target of $304.26.
View Our Latest Stock Report on NVIDIA
NVIDIA News Summary Here are the key news stories impacting NVIDIA this week:
Positive Sentiment: Elon Musk said SpaceX will build “exclusively” on NVIDIA’s Vera Rubin platform, providing a potentially significant high-profile customer commitment and strengthening confidence in demand for NVIDIA’s next-generation systems. Musk Praises Vera Rubin Platform on SpaceX Earnings Call, Nvidia Stock Climbs Positive Sentiment: Corvex secured a multi-year agreement for Blackwell GPU infrastructure, including liquid-cooled clusters, Quantum-2 InfiniBand and high-speed storage. The deployment adds another large-scale Blackwell installation without issuing new shares. Nvidia Stock Surges as Corvex Secures Multi-Year Blackwell GPU Deal Positive Sentiment: Anthropic reportedly signed a six-year, $10 billion computing agreement with NVIDIA-backed Volta Infra. The arrangement could support demand for Vera Rubin systems and validates the growth of AI cloud infrastructure. Anthropic Inks $10B Computing Deal With Nvidia-Backed Volta Infra Positive Sentiment: Reports describing a roughly 12-to-1 demand-to-supply imbalance, scarce chips and strong chip resale values reinforced the view that NVIDIA retains pricing power amid the AI buildout. NVIDIA Facing 12-to-1 Demand to Supply Positive Sentiment: NVIDIA’s Open Secure AI Alliance has expanded to more than 120 companies and is developing shared security standards, potentially broadening NVIDIA’s influence across the AI software ecosystem. Nvidia’s Open Secure AI Alliance Shows Progress Neutral Sentiment: Export controls are creating a gray market in Southeast Asia, where buyers use proxy cloud access to obtain NVIDIA-based compute. This signals inelastic demand but also highlights continuing regulatory and geopolitical risks. The AI Chip Blockade Is Creating a Shadow Market Negative Sentiment: Investor Michael Burry reportedly increased put-option exposure to NVIDIA, Micron and semiconductor ETFs, renewing concerns that AI spending expectations and valuations may be vulnerable to a correction. Michael Burry’s Latest Bet Puts Nvidia’s AI Boom on Trial Negative Sentiment: Analysts continue to warn that custom chips, AI inference workloads and software capable of rewriting code could gradually weaken NVIDIA’s CUDA advantage and pressure future margins. 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.
Recommended Stories Five stocks we like better than NVIDIA System Upgrade: First Internet Bancorp Options Surge AI Security Breaches Raise New Risks for Microsoft and Amazon’s Agent Push The AI Chip Blockade Is Creating a Shadow Market Grab Holdings Stock Forms Bottom After Strong Beat-and-Raise Quarter
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.
« PREVIOUS HEADLINENVIDIA Corporation $NVDA is Alcosta Capital Management Inc.’s Largest Position
Shares of Advanced Micro Devices (NASDAQ:AMD | AMD Price Prediction) are down 6% to $486.60 Wednesday morning despite a record Q2 2026 report after Tuesday’s close. Meanwhile, NVIDIA (NASDAQ:NVDA) stock is climbing 4% to $221.33 after SpaceX (NASDAQ:SPCX) named the chip giant its exclusive AI chip supplier for the new Starmind orbital compute program.
The split reaction is sorting the AI trade into clear winners and losers today. Intel (NASDAQ:INTC) stock is down 1% to $101.10 with no company-specific catalyst, Broadcom (NASDAQ:AVGO) shares are up 1% at $423.59, and the iShares Semiconductor ETF (NASDAQ:SOXX) is unchanged/flat at $540.91.
For context, SpaceX stock cratered 12% this morning after the company’s first public earnings report.
A Record Quarter That Wasn’t Enough AMD reported Q2 2026 revenue of $11.5 billion, up 50% year over year (YoY), with non-GAAP EPS of $1.66 topping the roughly $1.61 consensus. The company’s data center revenue more than doubled YoY to $6.7 billion and now represents 58% of total sales.
AMD CEO Lisa Su declared, “We delivered an excellent quarter, with record revenue and profitability as Data Center revenue more than doubled year-over-year.” Her tone stayed upbeat despite the after-hours selloff.
Furthermore, AMD’s Q3 guidance came in at about $13 billion (plus or minus $300 million), above the roughly $12.5 billion consensus but below whisper numbers near $14 billion. The company’s capex jumped to $808 million from $282 million a year earlier, and management flagged a softer second-half PC market.
AMD stock was already priced for perfection heading into the earnings print. Shares have more than doubled this year and trade at a rich 152.98x trailing P/E ratio, so a solid beat that wasn’t a blowout disappointed the bulls.
NVIDIA Gets the SpaceX Nod SpaceX founder Elon Musk called NVIDIA’s Vera Rubin the best architecture available and committed SpaceX to NVIDIA chips exclusively for its Starmind orbital compute program. That announcement is a competitive snub for AMD, which had been positioning its Instinct MI450 family as a hyperscaler alternative.
NVIDIA stock trades at a comparatively reasonable 33.86x trailing P/E ratio versus AMD’s 152.98x. The read-through from SpaceX’s massive AI compute spending reinforces the hyperscaler GPU demand narrative that has powered NVIDIA shares this year.
Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
The Sector Reaction Is Contained Intel stock only declining 1% with no company-specific catalyst today signals that AMD’s selloff isn’t spreading to the broader chip group. Broadcom shares are up 1% and trade at a 66.3x trailing P/E ratio, while the SOXX ETF is unchanged today and trades at a 38.04x P/E ratio.
The SOXX fund holds AMD, NVIDIA, Intel, and Broadcom in a single basket, and the ETF’s unchanged share price suggests that AMD’s issues aren’t sparking a sector-wide selloff. The fund isn’t leveraged, though investors should keep their exposure sized to reflect SOXX’s heavy concentration in the same handful of AI-exposed names.
Intel has no trailing P/E ratio because it isn’t profitable on a trailing 12-month basis, though the company’s AI inferencing pivot has helped Intel shares rally sharply this year. Broadcom’s custom AI accelerator momentum, meanwhile, keeps it a live competitor to both NVIDIA and AMD.
Analysts Stay Bullish as the Bar Stays High Even with today’s drop, sell-side analysts stuck with AMD stock. Wells Fargo raised its AMD price target to $700 from $615 (Overweight), Jefferies to $650 from $640 (Buy), and JPMorgan to $550 from $385 (Neutral). Citi kept AMD as a top Buy pick and KeyBanc stayed Overweight.
TD Cowen and Bernstein both flagged the very high bar heading into the report, which helps explain why a strong quarter still triggered profit-taking. The bull case for AMD stays intact, with the company guiding data-center revenue to more than double in 2027, AI GPUs growing well over 100%, and revenue growth above its 35%-plus target.
Investors can watch for whether AMD stock holds $492 into the close, and whether NVIDIA stock can extend its move as SpaceX’s AI capex figures filter through the sell side. Momentum traders may keep both names active through the afternoon.
The SOXX ETF can serve as a real-time gauge of how much of today’s story is company-specific versus a broader repricing of the AI hardware trade. Stay tuned for any late-day reversal in AMD, along with any sudden changes in Intel and Broadcom shares.
Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
Nvidia stock NVDA rose sharply on Wednesday after Elon Musk said SpaceX would build its artificial intelligence infrastructure exclusively around Nvidia's processors.
The stock climbed 4.6% to about $221 in early trading.
The gains also came as rival Advanced Micro Devices looked set for a weaker session, with its shares falling more than 5% in early trading despite reporting quarterly results that exceeded Wall Street expectations.
During SpaceX's earnings call, Musk said the company had decided to standardise its AI infrastructure around Nvidia's latest architecture.
"Going forward, we've decided to build exclusively on Nvidia because we think the Vera Rubin architecture is the best architecture," Musk told analysts.
The decision represents a notable win for Nvidia as major AI infrastructure providers increasingly evaluate alternatives, including internally developed chips and products from competing semiconductor companies.
Beyond its launch business, SpaceX also operates xAI and rents computing capacity from its data centre infrastructure.
Musk said SpaceX expects to have approximately two gigawatts of computing capacity by the end of this year, with that figure potentially increasing to as much as 10 gigawatts next year.
He also reiterated the company's longer-term ambition to deploy Nvidia-powered orbital data centres designed to overcome land and power constraints facing terrestrial computing facilities, although the concept remains the subject of debate among industry observers.
Nvidia also benefited from weakness in AMD shares following the chipmaker's earnings report.
Although AMD reported results that exceeded Wall Street expectations, investors focused on its outlook after a strong rally in the stock earlier this year.
The contrasting market reaction also highlighted Nvidia's comparatively lower valuation.
According to FactSet, AMD trades at roughly 44 times forward earnings, compared with approximately 19.4 times for Nvidia.
Morningstar said Nvidia now fits the profile of a growth-at-a-reasonable-price investment.
The research firm maintained its $280 fair value estimate and said the shares continue to trade at roughly a 30% discount to that valuation.
Morningstar said Nvidia remains the leading supplier of graphics processing units, software, and networking technologies that underpin the rapidly expanding artificial intelligence market.
The firm expects cloud providers to continue investing in proprietary chips and noted that competitors, including AMD, are expanding their AI accelerator offerings.
However, Morningstar said those efforts are likely to erode only a limited portion of Nvidia's market position.
The firm attributed Nvidia's competitive advantage to its graphics processing technology and the proprietary CUDA software platform, which it said creates high switching costs for customers developing AI applications.
Morningstar also said it expects continued acceleration in AI capital spending during calendar 2026 and forecasts total revenue growth of about 80% for Nvidia in fiscal 2027, supporting its long-term outlook for the company.
NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) just posted the loudest quarter of the AI cycle. Revenue of $81.615 billion, up 85.23% year over year, and CEO Jensen Huang telling shareholders that “the buildout of AI factories, the largest infrastructure expansion in human history, is accelerating at extraordinary speed.”
Yet shares sit at $211.94, roughly 28% below the $236.26 52-week high. B200 systems are sold out. Can NVIDIA hit $300 by 2027?
What Is Holding NVIDIA Back Right Now The stock is flat over the past month, down 0.3% from mid-July, and up about 13% year to date. That price action lags what an 85% revenue growth story usually delivers.
Two headwinds: China, where management assumed no Data Center compute revenue from China in the Q2 guide with no H20 shipments in Q1 versus $4.6 billion a year ago. Second, sentiment cooled. The composite score fell 17.65 points in the last seven days to 47.51. With a beta of 2.215, NVIDIA amplifies every macro wobble. The fundamentals are strong. The market is digesting.
Wall Street Sees 43% Upside. Our Model Says 22%. Consensus target is $302.83, with 10 Strong Buy, 48 Buy, 2 Hold, and 1 Sell rating. Bullish sentiment sits at 95%. Our model is more measured. Base case of $259.34 implies 22.36% upside at 0.9 confidence, with an optimistic case of $269.94 and conservative $225.78.
Our earnings growth contribution of +0.03 anchors on 2.145 YoY EPS growth that could stay elevated longer than the model assumes, because inference demand is running hotter than any prior cycle. Analysts anchoring to visible orders may still be too conservative.
The Path to $300 Per Share Reaching $300 from today’s price of $211.94 would require a gain of 41.5%. With forward EPS of $8.26, a price of $300 implies a forward P/E of 36x. Our base case of $259.34 already implies 36x, meaning the bold target requires the same multiple applied to higher EPS delivery.
Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
That path is credible. Q2 guidance points to $91 billion in revenue with $119 billion in supply-related commitments locked in.
Catalysts include SpaceX committing to NVIDIA’s Vera Rubin NVL72 rackscale system both on Earth and in space, hyperscaler capex rising toward $1.2 trillion, and Huang describing an addressable opportunity of $3 to $4 trillion in AI infrastructure spend by the end of the decade. The primary risk is a China escalation that permanently strands the Data Center compute opportunity there.
Where NVIDIA Trades Today vs Its Earnings Power At $211.94 against forward EPS of $8.26, the stock trades near 26x forward earnings. That is cheap for a business compounding revenue at 85% and net income at 210.63% year over year. Shares sit between a 52-week low of $163.85 and high of $236.26.
The ecosystem tape confirms it. AMD (NASDAQ:AMD), Broadcom (NASDAQ:AVGO), Marvell (NASDAQ:MRVL), and Micron (NASDAQ:MU) are rallying alongside NVIDIA as inference demand pulls the entire semiconductor and memory stack higher.
Is $300 Realistic? Here’s My Take A move to $300 requires a 41.5% gain and a forward P/E of 36x. That is an ambitious but achievable stretch.
Three things need to break right: Q2 delivery at or above the $91 billion guide, continued Blackwell and Vera Rubin ramp with no supply hiccup, and any thaw in China policy that reopens even a partial H20 lane. A broader risk-off in mega-cap tech that compresses multiples across the sector would derail it. Returns at this level shouldn’t be expected every year, but we’ve outlined the blueprint for how NVIDIA could reach $300 in 2027.
Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
Elon Musk used SpaceX‘s (NASDAQ:SPCX | SPCX Price Prediction) first-ever public earnings call on August 4, 2026 to commit that the company will build its AI computing platform exclusively on NVIDIA‘s (NASDAQ:NVDA) Vera Rubin architecture, and floated a tentative target of 20 gigawatts of power and cooling capacity online by the end of 2027. Melius Research analyst Ben Reitzes ran the math on what even a slice of that means for Nvidia, and the answer is enormous.
What Musk Actually Said Musk told analysts, “Our understanding with Nvidia is that we will receive a very significant percentage of their GPUs next year.” He framed the buildout in characteristic terms, comparing SpaceX’s entry into large-scale data centers to “the New York Yankees going in and playing a Little League team,” and calling data-center construction a “trivial problem” next to rocket science. SpaceX ended Q2 with 1.4 gigawatts of nameplate compute and expects to exceed 2 gigawatts by year-end 2026. When pressed, Musk gave a 20 GW tentative target by end of 2027, adding that even with delays the company would likely land “close to 15 gigawatts.”
SpaceX’s Numbers Back the Ambition The credibility of that pledge rests on SpaceX’s Q2 earnings report, which came in well above expectations. Revenue surged 92% to $7.8 billion, beating Wall Street estimates by nearly $1 billion. AI-specific revenue reached $2.6 billion, up 213% sequentially, and management disclosed $14.1 billion in contracted cloud services agreements, including deals with Anthropic and Google. The catch is capex. Companywide spending hit $18.4 billion in Q2 (up from $10 billion in Q1), with AI infrastructure alone near $16 billion, and executives said capex will hold near those levels for the next two quarters. Shares reflected that pressure into the release, with SPCX down 22.64% over the past month before bouncing 9.43% on the day of the report.
The Melius Math Reitzes laid out two scenarios. In the conservative case, “if SpaceX executes even 2-3 GWs of its stated deployment roadmap in CY27, it could represent an incremental $100B or so of revenue for Nvidia… which equates to ~$2 in upside to our EPS of $13.36.” That 2-3 GW slice is roughly a tenth to a fifth of Musk’s own tentative target, which is why the headline framing of “even a quarter” is a conservative read. The more speculative scenario is bigger: “At $1T in revenue, Nvidia would earn ~$24 at today’s margins.” Reitzes closed with, “We love the endorsement. Reiterate Buy.” Context matters here. Nvidia’s Q1 FY2027 revenue was $81.615 billion, up 85.23% year over year, and management guided Q2 to $91.0 billion plus or minus 2%. Data Center revenue alone reached $75.246 billion, up 92% year over year, running at roughly 92% of the company’s total.
How This Connects to Huang’s Own $1 Trillion Claim Jensen Huang has separately told investors at GTC that he expects “at least” $1 trillion in cumulative revenue from Blackwell and Vera Rubin chip sales through 2027. That is a different claim from Reitzes’s SpaceX-driven math, but the two dovetail. Melius’s read is that if SpaceX’s plan proves credible, it’s the kind of demand signal that could push Jensen Huang to formally guide toward $1 trillion in revenue “well before 2030.” Huang himself has described AI infrastructure as “the largest infrastructure expansion in human history.”
The Date to Watch Reitzes says Melius is looking for more detail at Nvidia’s August 26, 2026 earnings report, which is confirmed for after market close. Melius’s current stance on Nvidia stays a Buy with a $400 price target, reaffirmed in May 2026, well above the current stock price of $211.94. This remains one analyst’s conditional scenario built on Musk’s stated roadmap rather than official company guidance from Nvidia. But the arithmetic clarifies why a single customer’s compute pledge is now a first-order variable in Nvidia’s revenue trajectory. Read the full Q1 FY2027 8-K for Nvidia’s own numbers heading into the report.
Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
Judging by the stock’s August 5 pre-market 1.80% rise, investors welcomed SpaceX’s (NASDAQ: SPCX) decision to exclusively use Nvidia (NASDAQ: NVDA) chips because they are, as Elon Musk put it, ‘the best.’
SpaceX has committed to using Nvidia GPUs exclusively because they are the best
— Elon Musk (@elonmusk) August 4, 2026 Still, ChatGPT’s advanced artificial intelligence (AI) appears to believe that the commitment will only generate modest tailwinds through 2026.
ChatGPT estimates impact of SpaceX exclusive deal with Nvidia Specifically, for the exclusive agreement to begin generating significant amounts of money, SpaceX would have to construct additional data centers, launch more satellites, install a vast amount of hardware, and ‘consume GPUs.’ According to ChatGPT, these factors limit its bullishness, as it expects the needed development will take place across many quarters.
Elsewhere, OpenAI’s flagship platform also reflected on the fact that NVDA shares are already rather expensive and face multiple risks, including wider volatility, regulatory uncertainty, recent concerns over capital expenditures (CapEx), and the danger of valuation compression.
Signs that CapEx could become the primary roadblock have been arriving at a heightened pace in the summer of 2026, with SpaceX stock itself being the latest to suffer a steep correction due to perceived overspending.
Still, ChatGPT acknowledged that the announcement about Nvidia chip exclusivity is a bullish catalyst set to expand the semiconductor giant’s business and to strengthen its already mighty moat.
Therefore, the AI explained it anticipates the deal will translate to a roughly 10% gain by the end of 2026 and set its December 31 NVDA stock price target at $238 per share.
ChatGPT sets Nvidia stock price after Elon Musk unveils exclusive SpaceX deal. Source: Finbold & ChatGPT 2026 Nvidia stock price performance Meanwhile, though a limited rally might appear unexciting given Nvidia equity’s overall performance since the start of the AI ‘boom’ in late 2022, it does, nonetheless, paint the exclusive SpaceX partnership as a major boon in the context of 2026.
So far, NVDA stock is up a relatively limited 12.23% from $188.85 to $211.94 year-to-date (YTD), meaning it is slightly underperforming the broader market. For comparison, the benchmark S&P 500 index is up 12.80% YTD.
Nvidia stock price YTD chart. Source: Google Under the circumstances, should ChatGPT’s prediction of $238 per share come true by the end of December, it will have extended Nvidia shares’ annual gain to 26.03%.
Featured image via Shutterstock
Best Crypto Exchange for Intermediate Traders and Investors
Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.
0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
Copy top-performing traders in real time, automatically.
eToro USA is registered with FINRA for securities trading.
30+ million Users worldwide
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.
Join Finbold's newsroom, become a Sales Executive today! Apply now to join Finbold as a crypto/finance news writer!
Analyst’s Disclosure: I/we have a beneficial long position in the shares of NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Nvidia NVDA shares rose in premarket trading on Wednesday after Elon Musk revealed during SpaceX's earnings call that the company would build its future artificial intelligence infrastructure exclusively with Nvidia.
Nvidia stock gained about 2% ahead of the opening bell, even as several semiconductor peers traded lower.
Intel fell about 2%, while Broadcom and Marvell Technology slipped between 0.5% and over 1%, respectively.
The comments also intensified selling pressure on AMD, whose shares dropped roughly 9% in premarket trading despite reporting quarterly revenue and profit that exceeded Wall Street expectations.
Investors focused instead on management's outlook, which offered limited upside for a stock that had been one of the biggest beneficiaries of optimism surrounding AI infrastructure spending, with Musk's comments at Nvidia exacerbating the decline.
During the earnings call, Musk made it clear that SpaceX had chosen Nvidia as its exclusive AI infrastructure partner going forward.
"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," Musk said.
He added that SpaceX's computing deployment would continue expanding rapidly, quantifying its increasing demand for Nvidia.
"Our efficiency of compute deployment, I think, is also the highest. We expect to end this year with over two gigawatts of compute. Probably our cumulative compute online by the end of next year will be several times higher."
"It may, let's say, be closer to 10 gigawatts of compute than five gigawatts of compute, as a way to think about it."
Later in the call, Musk also indicated that Nvidia would remain a key supplier for the company's future expansion.
"Our understanding with NVIDIA is that we will receive a very significant percentage of their GPUs next year."
The remarks reinforced Nvidia's position at the center of the AI infrastructure boom, with demand for its latest-generation AI systems continuing to outstrip supply.
Musk's endorsement comes at a crucial time for AMD.
In May, Musk had said he expected Tesla and xAI to continue buying chips from semiconductor giants Nvidia
and AMD, and possibly others.
xAI is a part of SpaceX.
Further, AMD had only recently highlighted that eight of the world's top 10 AI companies were running workloads on its Instinct GPU platform, including OpenAI, Cohere, and SpaceXAI, which operates within SpaceX.
Market commentators were quick to draw conclusions, calling it a veritable loss of business for AMD.
"Musk going all in Nvidia... 'We think it's the best AI computer and we greatly value our close cooperation and partnership on many levels with Nvidia. So we're exclusive to Nvidia...' why the stock ran after the bell," CNBC host Jim Cramer wrote on X.
He later added: "If Elon hadn't gone all in Nvidia with what could be the biggest set of orders in the history of Nvidia then AMD's stock would have been up last night. The loss of that business overshadowed ANOTHER MONSTER quarter from Lisa Su."
While the endorsement is a huge boost for Nvidia, it does not discount AMD's rapid rise as a challenger to the AI giant.
AMD has steadily expanded its AI business over the past year in an effort to challenge Nvidia's grip on the data-center GPU market.
Lisa Su said data-center sales are expected to more than double in 2027 and forecast revenue growth above the more than 35% target and annual earnings above its $20-per-share goal set at its 2025 analyst day.
The forecast suggests AMD's investments to challenge Nvidia's dominance in AI chips are beginning to bear fruit, with sales of its data-center processors accelerating in the second quarter.
AMD's quarterly data-center revenue more than doubled to $6.72 billion, beating expectations of $6.48 billion. It grew 16.3% sequentially from $5.78 billion in the first quarter.
Last month, the company introduced Helios, its first rack-scale AI system, positioning it as a direct competitor to Nvidia's Grace Blackwell and upcoming Vera Rubin platforms.
Microsoft was among the customers announced for the system.
According to the Futurum Group, Nvidia controls more than 95% of the data-center GPU market, while AMD's share stands at roughly 4.5%.
Still, some analysts believe AMD has a lot of room to grow.
"I think there's a serious case in which AMD does great and can get to 20% and 25%. And by the way, this is hundreds of billions of dollars of revenue," Daniel Newman, analyst and CEO of the Futurum Group, said last month.
AMD has also secured several major AI-related agreements this year.
In July, it agreed to supply Anthropic with tens of billions of dollars worth of AI servers powered by up to two gigawatts of MI450 chips beginning in early 2027, while also committing up to $5 billion to invest in the AI startup, subject to deployment milestones.
The company also recently secured up to 2.5 gigawatts of data-center capacity through a deal with Core Scientific, underscoring its ambition to become a larger player in the rapidly expanding AI infrastructure market.
“SpaceX has committed to using Nvidia GPUs exclusively because they are the best,” Musk posted on X. And Cramer quickly reposted the comment with a five-word response: “and there it is.”
Cramer has been one of the most consistently bullish mainstream commentators on Nvidia over the past several years.
JPMorgan Sees a Deepening SpaceX-Nvidia PartnershipThe exchange came just as JPMorgan highlighted Nvidia’s growing role in SpaceX’s AI expansion. The bank said SpaceX has decided to exclusively deploy Nvidia’s Vera Rubin GPUs across its data centers and expects to receive a “very significant percentage” of Nvidia’s GPU shipments in 2027.
JPMorgan said the move supports SpaceX’s plans to rapidly scale AI compute capacity from more than 2 gigawatts by the end of 2026 to between 5 and 10 gigawatts by the end of 2027. The firm added that SpaceX will also use Nvidia’s Vera Rubin architecture in its planned Starmind AI satellites, further deepening the partnership.
For Nvidia investors, Musk’s endorsement wasn’t just another vote of confidence—it reinforced JPMorgan’s view that one of AI’s fastest-growing infrastructure companies is becoming one of the chipmaker’s largest customers.
Shutterstock
Market News and Data brought to you by Benzinga APIs
August 05, 2026 08:15 ET | Source: Beamr Imaging Ltd.
Beamr integrates NVIDIA Video Super Resolution technology into existing production and delivery chains and measures the result with subjective viewer testing. Live demonstrations at IBC 2026, RAI Amsterdam, September 11–14
Herzliya, Israel, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Beamr Imaging Ltd. (Nasdaq: BMR), a leader in video optimization technology and solutions, today announced it is bringing AI upscaling to live sports, broadcast, and streaming with NVIDIA Video Super Resolution combined with Beamr’s Emmy® Award-winning content-adaptive bitrate (CABR) encoding, running inside existing production and delivery chains. The combined workflow turns the HD feeds broadcasters already have into a 4K viewing experience - without the delivery-cost penalty upscaling normally carries. Beamr will demonstrate the technology live at IBC 2026 in Amsterdam, September 11–14, Stand 1.D22 (Hall 1).
Most of the 4K sport content on viewers’ screens was never produced in native 4K. It is shot in HD and upscaled automatically by the television set, every frame, up to 60 times per second - the last device in the chain, with no production quality control as a result. Producing native 4K has remained too expensive for most live content, until now.
The Beamr pipeline powered by NVIDIA moves that decision back into the broadcaster’s hands. NVIDIA Video Super Resolution upscales HD sources inside the production chain, where the process can be controlled and verified; Beamr’s CABR encoding then delivers the result in streams up to 50% smaller than standard encoding - premium picture quality without premium delivery costs. The entire pipeline runs end-to-end on NVIDIA RTX PRO GPUs and can be deployed in the cloud or on-premises.
Verification is central to the collaboration. Beamr VISTA validates output quality through subjective viewer testing, measuring whether audiences actually perceive an improvement. Results vary by source content - which is exactly why Beamr measures rather than promises, and why testing runs on the customer’s own material.
“There is a widening gap between the quality viewers expect and the quality live production economics can afford,” said Sharon Carmel, CEO of Beamr. “Together with NVIDIA, we are closing that gap - a 4K experience from the feeds broadcasters already have, at delivery costs they already pay.”
“Upscaling only makes sense if viewers can see the difference and the delivery costs can’t,” Carmel added. “We built the tools that verify the first and take care of the second.”
“AI is transforming how live content is produced and delivered,” said Richard Kerris, GM and VP of Media & Entertainment at NVIDIA. “With NVIDIA Video Super Resolution, accelerated computing and Beamr’s content-adaptive encoding, broadcasters and streaming providers can enhance existing HD video and efficiently deliver higher-quality viewing experiences across cloud and on-premises workflows.”
Broadcasters, rights holders, and streaming platforms attending IBC 2026 can book a meeting and live demonstration at beamr.com/ibc26 or visit Beamr at Stand 1.D22 (Hall 1).
About Beamr
Beamr (Nasdaq: BMR) is a world leader in content-adaptive video compression, trusted by top media companies including Netflix and Paramount. Beamr’s perceptual optimization technology (CABR) is backed by 53 patents and a winner of Emmy® Award for Technology and Engineering. The innovative technology reduces video file sizes by up to 50% while preserving quality and enabling AI-powered enhancements.
Beamr powers efficient video workflows across high-growth markets, such as media and entertainment, user-generated content, machine learning, and autonomous vehicles. Its flexible deployment options include on-premises, private or public cloud, with convenient availability for Amazon Web Services (AWS) and Oracle Cloud Infrastructure (OCI) customers.
For more details, please visit www.beamr.com or the investors’ website www.investors.beamr.com and follow us on Linkedin and X.
Forward-Looking Statements
This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. Forward-looking statements in this communication may include, among other things, statements about Beamr’s strategic and business plans, technology, relationships, objectives and expectations for its business, the impact of trends on and interest in its business, intellectual property or product and its future results, operations and financial performance and condition. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report filed with the SEC on February 26, 2026 and in subsequent filings with the SEC. Forward-looking statements contained in this announcement are made as of the date hereof and the Company undertakes no duty to update such information except as required under applicable law.
International Data Corporation projects worldwide AI infrastructure spending to reach approximately US$497 billion in 2026, representing growth of approximately 53% as compared to 20251Worldwide AI infrastructure spending projected to exceed US$1 trillion by 2029, representing an average compound annual growth rate (“CAGR”) of approximately 31% for the years 2025-20292Bit Origin’s initial 16-server deployment remains on schedule for the third quarter of 2026 and remains supported by contracted customer demand and established hosting arrangements SINGAPORE, Aug. 05, 2026 (GLOBE NEWSWIRE) -- Bit Origin Ltd (NASDAQ: BTOG) (the “Company”), a company focused on AI computing infrastructure, digital asset innovation, and blockchain-based strategies, today highlighted industry growth projections supporting their continued investment in accelerated computing infrastructure and provided additional context regarding the commercialization framework for its previously announced NVIDIA Blackwell B300 AI server transaction.
Rapidly Expanding AI Infrastructure Market
According to International Data Corporation (“IDC”), worldwide AI infrastructure spending is projected to reach approximately US$497 billion in 2026, representing growth of approximately 53% as compared to 2025.
IDC further projects that worldwide AI infrastructure spending will exceed US$1 trillion by 2029, representing an average CAGR of approximately 31% for the years 2025 through 2029. Within this market, accelerated servers, which are primarily GPU-based systems, are projected to grow at an average CAGR of approximately 42% and account for more than 95% of server AI infrastructure spending by the end of 2029.3
NVIDIA reported that its revenue growth during the first quarter of fiscal 2027 was driven by demand for data center products supporting accelerated computing and AI solutions. For the fiscal quarter ended April 26, 2026, NVIDIA reported record Data Center revenue of US$75.2 billion, representing an increase of approximately 21% from the immediately preceding fiscal quarter ended January 31, 2026.4 NVIDIA’s financial results are presented solely as an indicator of broader industry demand and are not indicative of the Company’s expected performance or financial condition.
The Company believes these developments may reflect growing infrastructure requirements associated with AI training, inference, reasoning, and other advanced computing workloads, although there can be no assurance that the Company will benefit from such developments.
Malaysia’s Expanding Digital Infrastructure Market
Malaysia, where the Company’s initial NVIDIA Blackwell B300 infrastructure is expected to be deployed, is emerging as an important regional destination for data center and cloud computing investment.
According to the Malaysian Investment Development Authority (“MIDA”), Malaysia approved approximately RM144.4 billion, or approximately US$35.3 billion, of data center and cloud computing investments between 2021 and mid-2025. 5
MIDA has also cited projections that Malaysia’s data center market could grow from approximately US$4.04 billion in 2024 to approximately US$13.57 billion by 2030, representing an estimated compound annual growth rate of approximately 22.38%.6
The Company believes Malaysia’s expanding digital infrastructure ecosystem provides a relevant operating environment for its planned deployment. Market-level investment and growth projections, however, do not necessarily indicate demand for the Company’s services or guarantee the successful deployment or commercial performance of its equipment.
Initial NVIDIA Blackwell B300 Deployment
As previously announced, the Company acquired sixteen NVIDIA Blackwell B300 AI servers, together with the benefit of previously executed customer deployment and data center hosting arrangements.
The servers have not yet been delivered or deployed and are currently expected to be delivered during the third quarter of 2026 for deployment at a data center facility in Malaysia.
In connection with the transaction, the Company entered into a five-year management agreement under which an experienced third-party manager is responsible for coordinating the deployment, management, and commercialization of the servers. These responsibilities include coordinating data center hosting, power, network connectivity, equipment maintenance, and commercial utilization.
This operating structure is intended to allow the Company to participate in AI computing infrastructure while relying on specialized third-party capabilities for day-to-day deployment and operation. The Company intends to evaluate the performance of this initial deployment before pursuing additional expansion opportunities.
“Global investment in accelerated computing infrastructure continues to grow as AI workloads become more complex and increasingly compute-intensive,” said Jinghai Jiang, Chairman and Chief Executive Officer of the Company.
“Our immediate focus is on the successful delivery, deployment, and commercialization of our initial NVIDIA Blackwell B300 servers in Malaysia. We believe disciplined execution of this transaction can establish an operating model that may support selective future expansion.”
The Company expects to provide additional updates as material delivery, deployment, and commercialization achievements are met.
About Bit Origin Ltd
Bit Origin Ltd (NASDAQ: BTOG) is a company focused on AI computing infrastructure, digital asset innovation and blockchain-based strategies. The Company is evaluating and pursuing opportunities involving GPU computing, server leasing, storage infrastructure and related digital infrastructure services.
For more information, please visit www.bitorigin.io.
Forward-Looking Statements
This press release contains forward-looking statements regarding, among other matters, the expected delivery, deployment and commercialization of the Company’s NVIDIA Blackwell B300 AI servers; anticipated timing of server delivery during the third quarter of 2026; the performance of customer, hosting, supplier and management arrangements; market demand for AI computing infrastructure; the development of Malaysia’s data center market; the performance of the Company’s third-party management arrangement; the Company’s ability to evaluate or pursue future expansion opportunities; and the Company’s broader strategic plans relating to AI computing infrastructure, digital asset innovation and blockchain-based strategies. Forward-looking statements can generally be identified by the use of words such as “may,” “will,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “project,” “intend,” “forecast,” “target,” “potential,” “continue” or the negative of such terms or other similar expressions, although not all forward-looking statements contain such identifying words.
These forward-looking statements are based on the Company’s current expectations, estimates, projections, beliefs and assumptions and are not guarantees of future performance. These statements involve known and unknown risks, uncertainties and other important factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Risks and uncertainties that could cause actual results to differ materially include, but are not limited to: the Company’s limited operating history in AI computing infrastructure; the Company’s reliance on a single third-party manager for deployment, management and commercialization of its servers; supplier performance, including the risk that NVIDIA or other suppliers may fail to deliver servers on the anticipated timeline or at all; delivery, installation or deployment delays at the data center facility in Malaysia; data center readiness, including the availability and reliability of power supply, cooling, network connectivity and physical infrastructure; equipment performance, including the risk that the servers may not operate at expected capacity or efficiency; customer demand and the risk that current customer arrangements may not be sustained, renewed or replaced on favorable terms; customer and counterparty credit risk and performance risk; risks related to operating in Malaysia, including regulatory, political, currency and legal risks; power and network availability and associated costs; operating costs that may exceed current estimates; the Company’s need for additional financing and the availability thereof on acceptable terms; general market conditions, including competitive dynamics in the AI infrastructure market; rapid technological developments that could render the Company’s equipment obsolete or less competitive; cybersecurity risks; potential environmental and regulatory compliance costs; and other risks described in the Company’s filings with the U.S. Securities and Exchange Commission, including the Company’s Annual Report on Form 20-F and subsequent filings.
Industry data and projections cited in this press release, including data attributed to International Data Corporation and the Malaysian Investment Development Authority, were prepared by third parties and have not been independently verified by the Company. Such data and projections. Such data and projections are subject to inherent to uncertainty, are based on assumptions that may prove incorrect, and do not necessarily reflect current or future demand for the Company’s services or indicate that the Company will achieve similar growth or operating results. The Company makes no representation or warranty as to the accuracy or completeness of such third-party data.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based, except as required by applicable law, including the securities laws of the United States. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements.
Company Contact
Bit Origin Ltd
Mr. Jinghai Jiang
Chairman and Chief Executive Officer
Email: [email protected]
1International Data Corporation, AI Infrastructure Spending Holds Near $90 Billion in Q1 2026 as ARM Overtakes x86 in Accelerated Servers; 2026 Forecast Raised to $497 Billion (July 21, 2026)
2 Id.
3 Id.
4 Nvidia Corporations Quarterly Report on Form 10-Q for the fiscal quarter ended April 26, 2026 – https://www.sec.gov/ix?doc=/Archives/edgar/data/1045810/000104581026000052/nvda-20260426.htm
5 MIDA Insights: Building Resilience Through Localisation: Malaysia’s Next Chapter – https://www.mida.gov.my/building-resilience-through-localisation-malaysias-next-chapter/
6 Malaysian Investment Development Authority, “MIDA Powers Up Malaysia’s Digital Future at Data Centre Nexus” (May 8, 2025) – https://www.mida.gov.my/media-release/mida-powers-up-malaysias-digital-future-at-data-centre-nexus/
Arrowstreet Capital Limited Partnership raised its position in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 19.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 31,781,583 shares of the computer hardware maker’s stock after buying an additional 5,129,163 shares during the period. NVIDIA comprises about 3.0% of Arrowstreet Capital Limited Partnership’s portfolio, making the stock its 4th largest holding. Arrowstreet Capital Limited Partnership owned approximately 0.13% of NVIDIA worth $5,542,639,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of NVDA. Lifetime Wealth Management P.C. acquired a new stake in shares of NVIDIA in the fourth quarter valued at approximately $26,000. Longview Financial Advisors Inc. purchased a new position in shares of NVIDIA during the 1st quarter worth $27,000. Longfellow Investment Management Co. LLC raised its holdings 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 acquiring an additional 67 shares during the period. Phillip James Consulting Co. acquired a new position in shares of NVIDIA during the 1st quarter valued at about $40,000. Finally, Spurstone Advisory Services LLC acquired a new position in shares of NVIDIA during the 2nd quarter valued at about $40,000. 65.27% of the stock is currently owned by hedge funds and other institutional investors.
NVIDIA Stock Performance NASDAQ NVDA opened at $211.94 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.44 and a quick ratio of 2.85. The company has a market cap of $5.13 trillion, a P/E ratio of 32.46, a P/E/G ratio of 0.40 and a beta of 2.23. The stock has a 50-day moving average of $205.18 and a two-hundred day moving average of $196.55. NVIDIA Corporation has a 1-year low of $164.07 and a 1-year high of $236.54.
NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its quarterly earnings 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 net margin of 62.97% and a return on equity of 96.94%. The business had revenue of $81.61 billion for the quarter, compared to analysts’ expectations of $78.42 billion. During the same quarter in the prior year, the company earned $0.81 earnings per share. The business’s quarterly revenue was up 85.2% on a year-over-year basis. As a group, analysts anticipate that NVIDIA Corporation will post 8.79 EPS for the current year.
NVIDIA declared that its Board of Directors has initiated a share repurchase 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 reacquire up to 1.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
NVIDIA Increases Dividend The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 4th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, June 4th. This is a positive change from NVIDIA’s previous quarterly dividend of $0.01. NVIDIA’s payout ratio is presently 15.31%.
Insiders Place Their Bets In other NVIDIA news, Director John Dabiri sold 625 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $214.00, for a total value of $133,750.00. Following the sale, the director 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 document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen C. Neal sold 15,500 shares of NVIDIA stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total value of $3,343,815.00. Following the completion of the 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 position. The SEC filing for this sale provides additional information. Insiders have 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.
Analyst Ratings Changes Several equities research analysts recently issued reports on the stock. Sanford C. Bernstein restated a “buy” rating on shares of NVIDIA in a research report on Monday, June 29th. Rosenblatt Securities reiterated a “buy” rating and issued a $325.00 target price on shares of NVIDIA in a report on Thursday, May 21st. CICC Research increased their price target 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. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $255.00 price target (up from $220.00) on shares of NVIDIA in a report on Thursday, May 21st. Finally, BTIG Research assumed coverage on shares of NVIDIA in a research report on Wednesday, April 15th. They set a “buy” rating on the stock. Three analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, NVIDIA presently has a consensus rating of “Buy” and a consensus target price of $304.26.
Check Out Our Latest Stock Report on NVIDIA
Key NVIDIA News Here are the key news stories impacting NVIDIA this week:
Positive Sentiment: Elon Musk said SpaceX will build “exclusively” on NVIDIA’s Vera Rubin platform, providing a potentially significant high-profile customer commitment and strengthening confidence in demand for NVIDIA’s next-generation systems. Musk Praises Vera Rubin Platform on SpaceX Earnings Call, Nvidia Stock Climbs Positive Sentiment: Corvex secured a multi-year agreement for Blackwell GPU infrastructure, including liquid-cooled clusters, Quantum-2 InfiniBand and high-speed storage. The deployment adds another large-scale Blackwell installation without issuing new shares. Nvidia Stock Surges as Corvex Secures Multi-Year Blackwell GPU Deal Positive Sentiment: Anthropic reportedly signed a six-year, $10 billion computing agreement with NVIDIA-backed Volta Infra. The arrangement could support demand for Vera Rubin systems and validates the growth of AI cloud infrastructure. Anthropic Inks $10B Computing Deal With Nvidia-Backed Volta Infra Positive Sentiment: Reports describing a roughly 12-to-1 demand-to-supply imbalance, scarce chips and strong chip resale values reinforced the view that NVIDIA retains pricing power amid the AI buildout. NVIDIA Facing 12-to-1 Demand to Supply Positive Sentiment: NVIDIA’s Open Secure AI Alliance has expanded to more than 120 companies and is developing shared security standards, potentially broadening NVIDIA’s influence across the AI software ecosystem. Nvidia’s Open Secure AI Alliance Shows Progress Neutral Sentiment: Export controls are creating a gray market in Southeast Asia, where buyers use proxy cloud access to obtain NVIDIA-based compute. This signals inelastic demand but also highlights continuing regulatory and geopolitical risks. The AI Chip Blockade Is Creating a Shadow Market Negative Sentiment: Investor Michael Burry reportedly increased put-option exposure to NVIDIA, Micron and semiconductor ETFs, renewing concerns that AI spending expectations and valuations may be vulnerable to a correction. Michael Burry’s Latest Bet Puts Nvidia’s AI Boom on Trial Negative Sentiment: Analysts continue to warn that custom chips, AI inference workloads and software capable of rewriting code could gradually weaken NVIDIA’s CUDA advantage and pressure future margins. 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 System Upgrade: First Internet Bancorp Options Surge AI Security Breaches Raise New Risks for Microsoft and Amazon’s Agent Push The AI Chip Blockade Is Creating a Shadow Market Grab Holdings Stock Forms Bottom After Strong Beat-and-Raise Quarter
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.
« PREVIOUS HEADLINELigand Pharmaceuticals Incorporated $LGND Shares Sold by Arrowstreet Capital Limited Partnership
NEXT HEADLINE »Vanguard Short-Term Treasury ETF $VGSH Stake Lifted by Arlington Trust Co LLC
Michael Burry, famed for predicting the 2008 financial crisis, is maintaining his bearish stance despite the S&P 500 hitting record highs, warning that the market rally could still end in a steep sell-off.
"I continue to believe it is possible we are near a major top, and possible a 1987-type fall, but the S&P 500 making new highs likely will bring new money into the market," "The Big Short" investor said in a Tuesday Substack post.
Burry said rising markets and lower volatility encourage volatility-targeting and momentum funds to increase leverage, which can further fuel the market rally.
The investor said he remains confident in his long-term positions but would exit if the trades turned decisively against him. All remain profitable except his bet against Nvidia.
"Again, shorting is not for everyone," Burry wrote. "I must short. Most should not."
Notably, the 1987 stock market crash, known as Black Monday, occurred on Oct. 19, 1987, when the Dow Jones Industrial Average plunged 22.6% in a single day, marking the largest one-day percentage decline in its history. The sell-off spread across global markets and was fueled by a combination of program trading, investor panic, and market illiquidity.
Burry Doubles Down on AI Bear BetsOn Tuesday, the S&P 500 closed 1.8% higher, while the Nasdaq surged 2.6%, driven by strong earnings and falling oil prices amid hopes the Strait of Hormuz would reopen.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image via Shutterstock
Market News and Data brought to you by Benzinga APIs
Elon Musk says SpaceX is going all in on Nvidia's GPUs. Bloomberg/Getty Images SpaceX says it's ready to be a one-chip supplier company.
On SpaceX's highly anticipated earnings call on Wednesday, CEO Elon Musk said his company was committed to buying graphics processing units from only one place.
"Going forward, we've decided to build exclusively on Nvidia because we think the Vera Rubin architecture is the best architecture," Musk said on the call, talking about his company's compute capacity. "We think it's the best AI computer, and we greatly value our close cooperation and partnership on many levels with Nvidia. So we're exclusive to Nvidia."
He added that SpaceX will receive a significant percentage of Nvidia's GPUs next year, indicating that the space company could make up a notable share of Nvidia's revenue.
Nvidia has been a key technology partner for both of Musk's public companies, Tesla and SpaceX, supplying GPU platforms that support AI model training, simulation, and advanced computing. Although Tesla has invested heavily in custom AI chips, it continues to use Nvidia GPUs for various AI and data center workloads.
Following the call, Musk reiterated his commitment to Nvidia, announcing it again on X.
In a post on Wednesday night, he wrote: "SpaceX has committed to using Nvidia GPUs exclusively because they are the best."
An exclusive contract with Nvidia cuts out rival chipmakers like Intel, AMD, and Broadcom. The exclusive announcement also runs counter to the diversification strategy that large tech companies often employ to reduce the risk of supply bottlenecks and other challenges stemming from dependence on a single company.
'World class' productsMusk and his companies have received similar compliments from Nvidia in return.
Nvidia CEO Jensen Huang has repeatedly praised Musk as an "extraordinary engineer," and said that Nvidia does significant business with Tesla and SpaceX's xAI. He has also called Musk's work on xAI's Grok and Tesla products "world-class."
On Wednesday, the space company reported its first quarterly earnings as a listed company, topping revenue expectations. It reported that second-quarter sales rose 92% year on year to $7.8 billion, driven by growth in AI infrastructure and Starlink, its satellite internet network.
On the call, Musk said the company aims to reach a $100 billion annual revenue run rate by year-end, but Wall Street remained cautious over the pace of spending and its impact on near-term profitability.
"I think it may be higher than that," Musk said, adding that the $100 billion ARR is "if we did nothing."
Despite revenue, investors focused on the company's high AI spending and a $541 million loss, sending shares down more than 7% after hours.
Read next
Shubhangi Goel You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
In many ways, Space Exploration Technologies (SPCX +9.43%) -- aka SpaceX -- has confounded investors since its record-breaking debut. The company raised $85.7 billion in its initial public offering (IPO) and ended the day with a record market cap of $2.1 trillion. Since then, however, volatility has been the default. After soaring as much as 49% from its IPO offering price, the stock has plunged as much as 46% from its peak, giving shareholders a serious case of whiplash.
Wall Street and Main Street alike were sitting on the edge of their seats when SpaceX delivered its first financial report as a public company after the market close on Tuesday. While the better-than-expected results were met with a collective shrug, Nvidia (NVDA +2.56%) was a surprise beneficiary of the report.
Let's review the results and the unexpected benefit to the artificial intelligence (AI) chipmaker.
Image source: The White House.
By the numbersFor the second quarter, SpaceX generated revenue of $7.8 billion, up 92% year over year. The company's net loss of $541 million was much better than the $1 billion loss suffered in the year-ago quarter. This resulted in a loss per share of $0.09, a significant improvement compared to a loss of $0.34.
There was marked improvement from each of the company's operating segments, though each brought something different to the table.
Revenue for the space segment grew 29% to $962 million, while its operating loss of $542 million worsened from $369 million in the prior-year quarter.Revenue for the connectivity segment -- or Starlink broadband satellite -- grew 66% to $4.29 billion, while operating income climbed 79% to $1.66 billion.The AI segment captured the spotlight, with revenue surging 247% to $2.56 billion, while its operating loss narrowed to $1.2 billion from $1.5 billion.
Today's Change
(
9.43
%) $
10.80
Current Price
$
125.33
Several business developments fueled the financial results. SpaceX reported that it has completed an industry-leading 78 launches to date, delivering 1,041 tons of mass into orbit. Starlink's subscriber base doubled to 12 million, while maintaining its average revenue per subscriber (ARPU) of $66. This was all thanks to 10,200 satellites providing broadband coverage in 167 countries. xAI inked agreements totaling $14.1 billion to provide customers with additional compute capacity, which added $1.6 billion in incremental AI revenue in the second quarter.
While the business and financial improvements suggest a bright future for SpaceX, the company's upcoming lockup expiration has investors on edge. As of 8:00 p.m. ET, the stock is down more than 7% on the heels of the report.
So what does all this have to do with Nvidia?On the earnings call to discuss the results, CEO Elon Musk announced a tie-up with Nvidia:
We think the [Nvidia] 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. So we're exclusive to Nvidia.Musk went on to say that SpaceX will deploy Nvidia's Vera Rubin NVL723 rack-scale AI supercomputer, both in space and on the ground. The company is also partnering with Nvidia to "design the Starmind AI1 satellite compute payload ... each of the Starmind satellites will include Nvidia Rubin GPUs and Vera CPUS for data center class space compute." This is the next step in SpaceX's plans to put AI-centric data centers in orbit.
Today's Change
(
2.56
%) $
5.30
Current Price
$
211.94
Perhaps most importantly to Nvidia investors, Musk said the company would be the exclusive supplier for AI chips for SpaceX's space-based data centers.
Despite delivering record first-quarter results, Nvidia stock has been stuck in a holding pattern, up roughly 14% so far this year (as of this writing), trading about even with the Nasdaq Composite.
Furthermore, the stock is selling for less than 24 times forward earnings, which is historically cheap for Nvidia. If SpaceX can make good on its ambitious plans for space-based data centers, Nvidia is in an enviable position to reap the rewards.
The robotics industry is advancing rapidly, and companies of all sizes are trying to capitalize on its future potential. Morgan Stanley estimates the market potential for humanoid robotics could be worth a massive $5 trillion by 2050, and many investors are understandably eager to get in early on this emerging trend.
Both Nvidia (NVDA +2.56%) and Tesla (TSLA +1.64%) are making significant progress in this space, but Nvidia appears to be the clear winner between these two robotics stocks. Here's why.
Image source: The Motley Fool.
The case for Nvidia Nvidia CEO Jensen Huang recently said that "every industrial company will become a robotics company," and management believes its physical AI opportunity -- which includes everything from robotics to autonomous vehicles -- could be its next big tech opportunity.
To help make its physical AI goals a reality, Nvidia has developed a universal, open-source AI foundation model for humanoid robots, called Isaac GR00T. The idea for the project is to have a general brain for robotics companies to learn tasks.
Nvidia also debuted its Halos full-stack safety system for robots in June, combining software, sensors, and processors to create a safety ecosystem for humanoid robotics in factories and other industrial settings.
What's more, Nvidia's Jetson Thor supercomputer is used by leading robotics companies -- including Boston Dynamics and Amazon Robotics -- for artificial intelligence inference training and robotic simulation. The computer enables vision and speech processing in humanoid robots, allowing them to learn and process information in real time.
Morgan Stanley estimates that by 2050, there could be 1 billion humanoid robots worldwide. Nvidia is already preparing for such a world, and it believes its opportunity will grow exponentially over the next 10 years.
Huang said on the Y Combinator podcast in July that his company's physical AI revenue has already reached an annual run rate of $10 billion, adding that in less than 10 years, "this will be our next $100 billion business."
What's more, Nvidia currently has a massive $48.5 billion in free cash flow at the end of its first quarter, proving that its investments in its next area of growth aren't weighing down its current profits.
Today's Change
(
2.56
%) $
5.30
Current Price
$
211.94
The case for Tesla Tesla's approach to robotics is very different from Nvidia's, with the company focused on building a physical humanoid robot, Optimus.
The company recently decommissioned its Model S and Model X automotive manufacturing lines in Fremont, Texas, to ramp up Optimus manufacturing and eventually build 1 million robots annually at the factory. Tesla is also building a new Giga Texas factory dedicated to Optimus production, which will eventually reach 10 million robots annually.
Tesla CEO Elon Musk has high hopes for humanoid robots, saying that they could eventually be "the biggest product of any kind, ever."
The Optimus robots Tesla is building now, the company admits, aren't doing "useful" work yet; instead, they're used in the company's own factories strictly for learning and data collection. The company also missed its 2025 Optimus production guidance of 5,000 to 10,000 units, building just "hundreds" instead.
It's also costing Tesla a ton of money to try to make its robotics future a reality. Tesla's capital expenditures in Q2 2026 increased 142% to nearly $5.8 billion, in part to accelerate its robotics production. The ramp-up in spending caused Tesla's free cash flow to decline rapidly, to negative-$1.1 billion.
Today's Change
(
1.64
%) $
5.27
Current Price
$
327.35
The verdict: Nvidia is the better robotics stock right now I think Tesla has significant potential to benefit from robotics, but the company is going through an identity crisis right now. Musk is trying to transition Tesla away from being just an EV company, yet it still sells three models and a semi-truck while focusing on robotics.
It takes time to switch gears, of course, but the bigger problem is that Tesla is burning through so much cash right now that it's unclear how it will recoup its costs any time soon.
With Tela's significant losses and the financial benefits of humanoid robotics still many years away, Nvidia wins this matchup hands down. Nvidia's existing GPU business is highly profitable, allowing the company to invest in new growth areas like robotics, without sacrificing profits.
And given that Nvidia can sell its processors to any leading robotics company -- whether that ends up being Tesla or another company -- Nvidia is perfectly poised to benefit as this industry expands.
By You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
AMD CEO Lisa Su. I-Hwa Cheng / AFP via Getty Images AMD says it has a major advantage in the AI chip race against Nvidia: being more open.
AMD has long promoted this strategy through its open-source ROCm software, used to program AI chips. Since ROCm is available as open source, it's free for anyone to use, download, or modify. On the company's earnings call on Tuesday, AMD CEO Lisa Su said this software is at an "inflection point," with open-source contributions up 10 times in the past year.
Two AMD executives spoke with Business Insider in July, prior to earnings, about how making some of the company's major software and hardware products open-source gives the company a leg up over companies such as Nvidia and Qualcomm. In particular, they see this approach as an advantage over CUDA, Nvidia's software that runs on its AI chips and is widely considered a moat.
There's a reason for this, the executives say: it helps AMD cheaply tap into the skills and contributions of thousands of engineers to develop its software faster in a red-hot AI race.
"The power of the open source community is just unprecedented," said Kirk Saban, corporate vice president of product, software, and solutions. "You can tap into all of those developers, and they're essentially doing free development work for us. They're upstreaming code into our code base, and you're leveraging the best and brightest minds in the industry."
AMD says its latest chips are the best for AI agents, largely because developers can improve the software through open-source contributions, said Salil Raje, senior vice president of AMD's adaptive and embedded computing group. He called open source "a central pillar in our strategy."
"We believe in getting the ecosystem to work with us, and we will use the same kind of strategy in the physical AI and robotic space," Raje said. "In fact, the reason agentic AI works for our platform better than maybe the competitors' platform is because our software is out in the open now."
Chip companies, including AMD, have seen some volatility in the stock market lately, with a massive sell-off in late July.
While they have rebounded, AMD's stock was down 9% in late trading on Tuesday after it reported earnings. Revenue came in at $11.5 billion, beating analysts' expectations. Capital expenditures nearly tripled to $808 million, compared to the previous year.
As companies seek out more compute to power their AI systems, they've increasingly turned to AMD as an alternative to Nvidia. AMD's stock is up about 193% in the past year, while Nvidia has gained roughly 20%.
Have a tip? Contact this reporter via email at [email protected], or Signal at rosal.13. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely.
Read next
Rosalie Chan You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.
Rosalie Chan is a senior editor for Business Insider's tech team. Previously, she covered cloud computing and enterprise tech, reporting on companies like Google Cloud, Amazon Web Services, Microsoft, Intel, Alibaba Cloud, Atlassian, GitHub, VMware, Broadcom, and more. She has written extensively on topics including cloud computing, developer companies, open source, and sexism and sexual harassment in the tech industry. She has received the San Francisco Press Club award for continuing coverage for her reporting on sexism and sexual harassment in Silicon Slopes and the Excellence in Business / Consumer / Tech Reporting award from the Asian American Journalists Association for her investigation into the coding boot camp Holberton School. Most recently, she was an editor on the Business Insider investigative package, The True Cost of Data Centers, which received a George Polk Award and an honorable mention from SABEW.Rosalie joined Business Insider after working as a software engineer and freelance journalist. She studied journalism, computer science, and technology and business law at Northwestern University. Her work has previously appeared in TIME, the Huffington Post, VICE, Pacific Standard, Inverse, Chicago magazine, the Chicago Reporter, and more. She's based in San Francisco.Have a tip? Contact this reporter via email at [email protected], or Signal at rosal.13. Use a personal email address, a nonwork WiFi network, and a nonwork device; here’s our guide to sharing information securely.ExpertiseBig Tech, enterprise tech, cloud computing (AWS, Microsoft, Google Cloud), developer technology, DevOps, open source, software licensing, programming, developer culture, enterprise tech startups, coding boot campsPopular articlesChipmakers Nvidia, AMD, and Broadcom are slapping 'golden handcuffs' on workers to meet demand for the AI boomA founding father of Utah's VC industry is stepping back as accusations of sexual harassment surfaceDomo CEO Josh James stepped down in 2022 after being accused of sexual assault, according to police reports and employees. No charges were filed.Women who work in Utah's Silicon Slopes share its dark side: 'I was traumatized'Forget marriage and kids: Millennials explain the joy and sacrifice of living alone
4:20pm: Peeking behind the SpaceX curtain The Dow Jones and S&P 500 reached fresh record highs as investors welcomed a wave of upbeat corporate results and growing optimism that tensions in the Middle East could ease.
The Dow surged 907 points, or 1.7%, to close at 54,086, while the S&P 500 climbed 136 points, or 1.8%, to finish at 7,737. The Nasdaq led the advance, jumping 671 points, or 2.6%, to end at 26,585 as technology and growth stocks regained momentum.
Investor sentiment was boosted after Treasury Secretary Scott Bessent said there was “a chance we may have a deal today or tomorrow” to reopen the Strait of Hormuz, a key global oil transit route. Crude prices continued to fall on the comments, easing concerns over a potential supply shock.
Corporate earnings provided another major catalyst for stocks. Caterpillar shares climbed after the industrial giant reported quarterly sales and revenue topping $20 billion for the first time, with the company benefiting from demand tied to infrastructure and the artificial intelligence build-out.
Palantir Technologies was another standout performer, with shares soaring nearly 30% after the company delivered what CEO Alex Karp described as an “otherworldly” quarter, highlighting continued demand for its AI-powered software.
Investors will turn their attention to more major earnings after the close, including AMD and SpaceX’s first reported results as a public company, as markets look for further signs that corporate strength can support the ongoing rally.
3:40pm: Proactive news headlines Snail Inc (NASDAQ:SNAL) announced that its subsidiary Egofold will debut AI Ranch and Non-Human Players, an AI initiative featuring adaptive AI companions for video games, at the Ai4 2026 conference in Las Vegas. Montero Mining and Exploration Ltd (TSX-V:MON, OTC:MXTRF) reported that a new drillhole at its Elvira Gold Project in Chile intersected signs of a gold-bearing hydrothermal system, including deep pyrite mineralization identified through AI-assisted exploration targeting. Grey Matters Health (CSE:GREY, OTCQB:AGNPD, FRA:AGW0) announced plans to open its first NovaScan Neuroimaging Clinic in September, launching its US expansion with a brain-specific PET imaging facility focused on detecting neurodegenerative diseases. Pinnacle Silver & Gold Corp (TSX-V:PINN, OTCQB:PSGCF, FRA:P9J) identified gold-silver mineralization in newly accessible underground workings at its El Potrero property in Mexico following rehabilitation and channel sampling. Arizona Gold & Silver Inc (TSX-V:AZS, OTCQB:AZASF, FRA:A9J0) secured a C$12 million strategic investment from Evolution Mining, which will take a near-10% stake to help fund drilling at the Philadelphia Gold-Silver Project in Arizona. Lisata Therapeutics Inc (NASDAQ:LSTA, FRA:8NE) filed a lawsuit against Kuva Labs and Kuva Acquisition Corp following the termination of their merger agreement, while taking steps to strengthen its financial position and protect shareholder interests. 2:30pm: Market movers Palantir Technologies Inc (NYSE:PLTR) reported second-quarter earnings and revenue well above Wall Street expectations, with revenue surging 93% year over year, lifting its shares 20%. Caterpillar Inc (NYSE:CAT, XETRA:CAT) posted record second-quarter revenue of $20.5 billion, fueled by strong demand for power-generation equipment, with results exceeding analyst expectations and shares rising 11%. Snap Inc (NYSE:SNAP) reported better-than-expected second-quarter revenue and adjusted earnings, issued a strong third-quarter outlook and saw its shares jump 14%. SK Hynix Inc (NASDAQ:SKHY) received an Outperform rating from Wedbush with a KRW2.56 million price target, driven by expectations of tight memory supply, technology leadership and attractive valuation. Grey Matters Health (CSE:GREY, OTCQB:AGNPD, FRA:AGW0) announced it will open its first NovaScan Neuroimaging Clinic in September, launching its US expansion with a brain-specific PET imaging facility focused on neurodegenerative diseases. Wayfair Inc (NYSE:W) reported stronger-than-expected second-quarter earnings and revenue, driven by accelerating US sales growth, sending its shares up about 28%. Pinnacle Silver & Gold Corp (TSX-V:PINN, OTCQB:PSGCF, FRA:P9J) identified new gold-silver mineralization in previously inaccessible underground workings at its El Potrero project in Mexico following rehabilitation and channel sampling. Arizona Gold & Silver Inc (TSX-V:AZS, OTCQB:AZASF, FRA:A9J0) secured a C$12 million strategic investment from Evolution Mining, which will acquire a near-10% stake to support expanded drilling at the Philadelphia Gold-Silver Project. 12:05pm: Anthropic inks deal with Nvidia-backed company Anthropic has signed a $10 billion, six-year deal for computing capacity with Volta Infra Holdings, a cloud infrastructure startup backed by Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) (Nvidia Corp (NASDAQ:NVDA, XETRA:NVD), Nvidia Corp (NASDAQ:NVDA, XETRA:NVD)), according to media reports citing people familiar with the matter, as the Claude maker moves to secure additional computing resources amid growing demand for its AI products.
Volta announced earlier Tuesday that it had secured a six-year, $10 billion agreement with an unnamed artificial intelligence company. The deal will be delivered in partnership with Bitdeer Technologies Group, a bitcoin miner that operates data centers, using a site in Norway.
The managed data center is expected to feature Nvidia’s next-generation Vera Rubin AI chips, according to details of the agreement. Volta was recently valued at $2.4 billion following a $300 million funding round.
11:00am: Palantir's 'otherworldly' quarter Palantir’s most recent quarter was “otherworldly,” according to CEO Alex Karp.
“Demand for AI sovereignty has now been unleashed. And Palantir is the only company that has demonstrated it can transform tokens into actual economic value,” Karp told shareholders in a statement.
The company reported adjusted earnings per share of $0.41, compared with the $0.35 consensus estimate, while revenue rose 93% year over year to $1.935 billion, above expectations of $1.80 billion.
UBS analysts wrote that Palantir posted an “outstanding” acceleration in growth, with “zero evidence of increased competition” affecting Palantir’s results, addressing what they described as a key bear-case concern.
Shares of Palantir had gained as much as 26% by midmorning Tuesday.
10am: S&P 500 surges to new high Buyers are overpowering sellers in early trading in New York, with the S&P 500 surging 0.8% to a new record high of 7,658 and looking like it's heading higher.
Top of the early leaderboard is Palantir, which has surged 20%, while Caterpillar has jumped 10.7%.
The latter is the leading driver for the Dow Jones, which is up 541 points or 1%, while the Nasdaq is up the most, surging 1.3% as semiconductor and artificial intelligence stocks rally.
Behind Palantir on the Nasdaq 100 are ARM, Marvell, Lumentum, Sandisk, Intel, Micron, AMD and others, as chipmakers make broad gains ahead of AMD's results after the close and reac-across from Caterpillar.
Nike and Chevron are the Dow's biggest fallers.
8.10am: Wall Street rally to continue as oil falls, Palantir and Caterpillar beat Wall Street futures were given a new boost ahead of another packed earnings session, helped by a renewed fall in oil prices as hopes of a deal with Iran resurfaced.
Dow Jones futures were up 453 points, or 0.9%, while those for the Nasdaq gained 0.9%. S&P 500 futures were 0.2% higher, putting them on course for a new record high.
A day earlier saw a broad rally, with the Nasdaq jumping 2.1%, the Dow up 1.3% and the S&P 500 climbing 1.5% to just over 7,600, within 20 points of its record high.
WTI crude fell 4.2% to $76.90 a barrel following comments from US Treasury Secretary Scott Bessent that an agreement to reopen the Strait of Hormuz could be close.
"I think there's a chance we may have a deal today or tomorrow to open the strait," Bessent told CNBC.
The move marks another rapid change in direction for oil, which had climbed overnight after two tankers were reportedly struck and Iran denied that talks with Washington had resumed.
Market analyst Kenny Polcari at Slatestone Wealth said the rally so far this week has been driven by positive tech earnings combined with easing geopolitical tensions lowering oil prices.
He said the drop in crude eased fears that another energy shock would reignite inflation and force the Federal Reserve to reconsider its policy outlook.
Daniela Hathorn at Capital.com noted that it was not just tech providing a boost, with around 85% of S&P 500 companies having beaten forecasts, with aggregate earnings growth running above 47%.
Shares in Palantir were up 15% in premarket trading after reporting overnight, with earnings well ahead of expectations, and commercial revenue expected to grow 134% this year.
And Caterpillar shares were up over 10% in pre-market trading after it reported profits above estimates as AI demand boosted sales at its power-generation business.
Today's other earnings include Merck, McDonald's, Pfizer, BP, Spotify, Marathon Petroleum and Apollo Global Management (NYSE:APO) before the opening bell.
Later, SpaceX and Advanced Micro Devices will lead the after-hours results, alongside Arista Networks, Amgen, Gilead Sciences, Booking Holdings and Emerson Electric.
Nvidia stock is showing upward movement. Why is NVDA stock trading higher? SpaceX To Build Exclusively On NvidiaSpaceX reported its first quarterly results as a public company after the market close on Tuesday. On the conference call following the print, Musk suggested that Nvidia systems are superior to competitors.
“Going forward, we have 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,” Musk said on the call.
Musk added that SpaceX intends to end the year with over two gigawatts of compute and noted it will be “several times higher” by the end of 2027. Cumulative online compute may be closer to 10 gigawatts than five gigawatts at the end of next year, he said.
The SpaceX CEO further stated the company plans to launch Nvidia’s Vera Rubin NVL72 system, starting next year.
“We think the design of the NVL72 VR computer is a much better design than is typical than, say, having a standard rack-style design, and so we expect to actually deploy this on the ground, as well as in orbit,” Musk said.
NVDA Shares Move Higher After HoursNVDA Price Action: Nvidia shares were up 1.67% in after-hours, trading at $215.47 at the time of publication on Tuesday, according to Benzinga Pro.
Image created using artificial intelligence.
Market News and Data brought to you by Benzinga APIs
Index Dow Jones +1,71 % na 54085,94 b. S&P 500 +1,79 % na 7736,52 b. Nasdaq Composite +2,59 % na 26584,99 b.
Akcie na US burzách se dnes vyšplhaly na rekordní maxima. Růst táhl technologický index Nasdaq který posílil o více než 2,5 %, zatímco index S&P 500 přidal 1,8 % a uzavřel na rekordním maximu. Index blue-chipů Dow Jones Industrial navázal na své pondělní rekordní maximum ziskem 1,7 % na hodnotu 54085 bodů. Ceny ropy mírně poklesly (-5%) v souvislosti s rostoucím optimismem ohledně možné dohody mezi USA a Íránem, která by zmírnila napětí a uvolnila ropnou trasu přes klíčový Hormuzský průliv.
V čele růstu stály akcií výrobců čipů a technologických společností, přičemž index PHLX Semiconductor Index vyskočil o 6 % a akcie společností jako Intel, Micron a Nvidia. Na co však všichni Investoři čekají, jsou výsledky společnosti SpaceX vedenou Elonem Muskem, která zveřejní své výsledky po zavření burzy.
Zlato uzavřeli silnější o 1,45 % a Bitcoin přidal 0,6%.
Index S&P 500 +1,79 % na 7736,52 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Informační technologie +4,1 % Utility -0,6 % Základní materiály +2 % Energie -0,5 % Průmysl +1,8 % Zbytná spotřeba -0,5 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Palantir Technologies (PLTR) +29 % Aptiv (APTV) -17 % Zebra Technologies Corp (ZBRA) +26 % NRG Energy (NRG) -15 % Gartner (IT) +23 % Chipotle Mexican Grill (CMG) -9,7 % Marvell Technology (MRVL) +13 % Vistra Corp (VST) -8,2 % Coherent Corp (COHR) +12 % Alexandria Real Estate Equities (ARE) -7,8 %
David Rojko-Kovačík
Fio banka, a.s.
Prohlášení
Nvidia Corp. (NVDA, Financials), the semiconductor company leading the artificial intelligence computing market, will supply the Blackwell technology behind a n
Global demand for artificial intelligence (AI) is immune to geopolitical blockades. Over the past year, United States export controls designed to stifle artificial intelligence development in restricted markets catalyzed a multi-billion-dollar hardware shadow market across Southeast Asia. Sovereign entities and enterprise startups route accelerator clusters through proxy cloud architectures to bypass strict trade barriers. This systemic circumvention exposes a singular market truth: the appetite for artificial intelligence infrastructure overrides regulatory friction. When capital hits a wall, it routinely finds another way around.
Get Alibaba Group alerts:
Finding Compute in a Silicon DesertRecent intelligence indicates that Chinese artificial intelligence startup Moonshot has secured access to a cluster of about 20,000 advanced compute chips. Instead of purchasing these units directly, Moonshot utilized third-party leasing structures routed through regional cloud architectures. This setup allowed them to train foundational models without violating the letter of international trade laws. The scale of this evasion highlights how structural supply chain workarounds operate seamlessly in plain sight.
Capital Floods the Valley: The Gray Market PremiumAdvanced silicon consistently moves through third-party jurisdictions, with countries like Thailand emerging as critical hubs for gray-market distribution. Buyers in restricted regions absorb significant hardware markups, paying premiums over list prices to secure the processing power they need.
In a traditional hardware cycle, a large markup would immediately compress margins, artificially inflate the cost of goods sold, and force buyers to delay technology upgrades to protect their return on invested capital. Artificial intelligence operates on a winner-takes-all paradigm. The opportunity cost of falling behind in foundational model training outweighs the financial burden of gray-market premiums.
Rather than triggering demand destruction or forcing organizations to slash capital expenditures, these price hikes are treated as the standard cost of doing business. The willingness to pay aggressive premiums demonstrates the inelasticity of the artificial intelligence compute market. When a resource becomes a fundamental requirement for future economic survival, basic price elasticity models break down entirely.
An Unending Tide of UpgradesThe shadow infrastructure extends well beyond older hardware models. Recent investigations suggest that next-generation accelerator units, including highly sought-after architectures, are being actively acquired through subsidiaries in Southeast Asia. A continuous upgrade cycle persists for restricted markets, fueled by an underground supply chain that adapts faster than regulators draft new policies.
The existence of a sophisticated evasion infrastructure serves as the ultimate indicator of demand inelasticity. When regulators attempt to restrict access to critical technology, they test the market's reliance on that asset. In the case of advanced graphics processing units, the market has definitively answered: compute power is non-negotiable.
The Rise of Sovereign Cloud ProxiesThe real beneficiaries of this geopolitical friction are the intermediaries. Regional cloud providers now operate as centralized compute proxies. They purchase the hardware through legitimate or gray-market channels and lease the processing power to startups and research institutions. This proxy model allows end-users to scale parameter models without the liability of direct hardware ownership.
Consider the strategic positioning of technology conglomerates operating within these restricted zones. Many are developing dual-moat strategies to defend against margin compression driven by imported hardware premiums. By blending imported chip clusters with indigenous silicon accelerators, they create highly resilient, hybrid infrastructures.
Alibaba Group Today
$128.99 +1.69 (+1.33%)
As of 03:59 PM Eastern
52-Week Range$91.99▼
$192.67Dividend Yield0.80%
P/E Ratio21.18
Price Target$186.90
Alibaba Group NYSE: BABA recently launched its Qwen 3.8-MAX model, demonstrating inference capabilities that rival those of leading Silicon Valley models. Alibaba achieves this by operationalizing compute proxy models. While Alibaba facilitates access to thousands of imported chips from developers like NVIDIA NASDAQ: NVDA for external startups, the company also heavily deploys proprietary Zhenwu M890 artificial intelligence accelerators for internal workloads.
This hybrid approach creates a sanction-proof technological moat. By activating fewer parameters during inference, Alibaba structurally reduces compute costs while leaning heavily on indigenous silicon to protect its earnings before interest, taxes, depreciation, and amortization margins. This operational leverage is crucial when navigating an environment where standard computing hardware is artificially scarce. It allows sovereign entities to sustain parameter training unabated while mitigating the extortionate costs of the shadow market.
Hyperscaler Backstops: Insulating the Silicon TitansThis dynamic neutralizes transient geopolitical risks for silicon developers. Headlines about overseas legal probes or the detention of supply chain personnel cause short-term volatility, but the underlying fundamentals remain exceptionally robust.
NVIDIA Today
$211.88 +5.24 (+2.54%)
As of 04:00 PM Eastern
52-Week Range$164.07▼
$236.54Dividend Yield0.47%
P/E Ratio32.45
Price Target$304.26
Semiconductor developers are heavily insulated by large collective capital expenditures from cloud hyperscalers, which frequently exceed $200 billion annually. These hyperscalers guarantee baseline demand, enabling silicon developers to monetize their inventory long before it ever reaches the shadow market.
Unprecedented global capital expenditure cycles guarantee top-line revenue expansion for the companies engineering these chips. The hardware inevitably finds a well-funded buyer, regardless of its destination or the convoluted path it takes to get there. This inherent business strength allows developers like NVIDIA to execute substantial capital return shifts, recently initiating an $80 billion share repurchase authorization and expanding quarterly dividends. These maneuvers heavily reinforce balance sheet strength and mitigate downside beta.
Riding the Wave of DisruptionThe systemic rerouting of hardware confirms that regulatory friction redistributes capital flows rather than halting them. United States blockades have birthed a decentralized evasion infrastructure that shields the global artificial intelligence ecosystem from meaningful demand contraction. The capital commitments of major tech conglomerates and sovereign nations serve as a backstop for semiconductor valuations.
Investors might consider looking past the immediate headline risks associated with export controls and smuggling probes. The multi-billion-dollar shadow market is not a sign of industry weakness, but empirical proof that end-market demand is fundamentally unstoppable.
Those evaluating long-term allocations in the semiconductor and cloud-proxy space may view momentary, regulation-induced dips as compelling entry points, provided the broader trend of inelastic compute demand holds firm. Investors could add these infrastructure and cloud proxy stocks to their watchlists as global artificial intelligence capital expenditure cycles continue to expand.
Should You Invest $1,000 in Alibaba Group Right Now?Before you consider Alibaba Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alibaba Group wasn't on the list.
While Alibaba Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we’ll send you MarketBeat’s list of ten stocks set to soar in Summer 2026, despite the threat of tariffs and what's happening in Iran. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) shares have advanced 17.5% over the past year and 943.9% over five years, closing at $206.64 on August 3 before tacking on another 1.74% to $210.23 after recapturing headlines. If you watched that run from the sidelines, the question is unavoidable: with NVIDIA now investing directly in OpenAI alum Ilya Sutskever’s secretive AI lab Safe Superintelligence lab, is it too late to buy?
According to the announcement, NVIDIA is making a “substantial investment” that will let the lab “10x our compute in the next 12 months,” a commitment made after The Wall Street Journal reported NVIDIA received a “rare glimpse” into SSI’s research. Superintelligence, in this context, means AI systems that exceed human capability across essentially all cognitive tasks. Whether SSI gets there or not, the scaling-law logic points in the same direction: more frontier labs chasing that target translates to greater demand for compute, and NVIDIA still sells the picks and shovels.
Valuation: Reasonable, Not Cheap At $210.23, NVIDIA trades at a trailing P/E of 30.7 and a forward P/E of 22.8, with a PEG of 0.553. That forward multiple is lower than the S&P 500’s typical growth-stock band. It sits against Q1 FY2027 revenue of $81.615 billion, up 85.23% year over year, non-GAAP EPS of $1.87, the fourth consecutive beat, and free cash flow of $48.554 billion in one quarter.
Analyst consensus price target stands at $302.83, backed by 48 Buy ratings and 10 Strong Buys against just 2 Holds and 1 Sell.
Forward Catalyst: The Buildout Is Accelerating Nvidia’s Q2 FY27 guidance is just as bullish. Management calls for $91.0 billion in revenue at a 75.0% non-GAAP gross margin. Total supply commitments have swelled to $119.0 billion, a visibility figure that dwarfs the $50.3 billion two quarters earlier. CEO Jensen Huang famously called the AI-factory buildout “the largest infrastructure expansion in human history.”
Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
Blackwell 300 is ramping, Vera Rubin is announced, and the SSI deal adds another named frontier customer alongside OpenAI, Anthropic, Meta, and Google Cloud. Every dollar SSI spends chasing superintelligence ultimately routes through NVIDIA silicon fabricated by Taiwan Semiconductor Manufacturing (NYSE:TSM), whose Q2 2026 revenue grew 36% YoY on the same wave.
Downside: What You Are Underwriting Nvidia’s forward guidance excludes any Data Center compute revenue from China. The company’s $30.0 billion in multi-year cloud service commitments and the $119 billion supply book create real execution risk if hyperscaler capex softens. Insider direction across 26 recent transactions is net selling. Polymarket traders assign only a 51.5% probability that NVDA closes August above $210, and just a 21.5% shot above $230. The 52-week low below $165 defines the range of a garden-variety AI-capex scare.
Verdict The setup remains constructive. A forward multiple of roughly 23 on a business growing revenue 85% year over year in the latest quarter, with 75% gross margins, $48.5 billion in quarterly free cash flow, and an $80 billion buyback authorization, is a price a growth-oriented retirement investor can defensibly pay for the dominant supplier to the AI infrastructure cycle. The SSI investment adds one more data point to the same thesis: frontier labs will keep scaling compute, and NVIDIA sits at the toll booth.
The 200-day moving average near $193 is the level to watch for investors weighing a new entry against the announcement-driven pop. NVIDIA is not cheap in absolute terms, but the multiple still looks reasonable if the AI infrastructure cycle keeps converting into revenue, margin, and cash.
Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
The week-old Open Secure AI Alliance (OSAA), an industry group spearheaded by Nvidia that has already grown to over 120 companies, has developed a cutely named working group, the Shared AI Findings Exchange, or SAFE. The group is already presenting proposals for open comment, and the Linux Foundation, a member of the group, is managing the proposals.
The group developed them while members gathered at the nexus of the cybersecurity world, the Black Hat conference, taking place this week in Las Vegas.
The guidelines are nothing terribly earth-shattering for now. The proposals cover areas like how to confidentially report AI cybersecurity incidents, alert those affected, and then do blame-free analysis so all can learn from them.
At the same time, members of the OSAA are also contributing and cataloging bits and pieces of their open source technology that might be useful. This may, as these types of industry organizations go, eventually coalesce into an open source means for an enterprise to secure their AI agents, or defend against rogue AI attackers, such as the OpenAI model that infiltrated Hugging Face. (Hugging Face is also a member of this group.)
For instance, Nvidia has noted that it offers an entire family of open models, as well as an open source LLM vulnerability scanner called Garak; Okta is working on agent identity tech; Red Hat is working on agent governance; and Amazon has contributed both an open agent building tool, Strands Agents, and an authorization language, Cedar. And there are many more examples.
The group now includes a host of big names, including Adobe, BlackRock, Cisco, Intel, Microsoft, and Visa, but there are some notable absences, like Anthropic, OpenAI, and Google.
Interestingly, both OpenAI and Google signed the original open letter that spawned this group. The letter, published last week, urged the White House to support open source AI efforts, not squash them. It was championed by Nvidia and signed by over 200 tech companies.
While Anthropic’s cold shoulder to the letter and the industry group to date is not a surprise, both OpenAI and Google have released open weight models of their own. Google is generally known as a big supporter of open source, too. We’ll see if they join as this group builds momentum.
Meanwhile, the group is operating at AI speeds. It’s only been a couple of weeks since news broke that the Trump administration was considering banning Chinese open weight models, causing the industry consternation that resulted in the open letter.
Whatever ultimately happens with Chinese open weight models in the U.S., the fast action by this heavyweight group appears to be a good thing for the U.S. open AI ecosystem. Some in the ecosystem, like the co-founder and chief technology officer of U.S. open weight AI lab Arcee, say that’s ultimately the way to best any threat — real or imagined — that Chinese AI labs pose to the United States.
“Openness may be one of the most important paths to AI safety and security,” this industry group wrote in their letter. Looks like they are ready to immediately put their effort — and their tech — where their mouths are.
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.
Anthropic has signed a $10 billion, six-year deal for computing capacity with Volta Infra Holdings, a cloud infrastructure startup backed by Nvidia Corp (NASDAQ:NVDA, XETRA:NVD), according to media reports citing people familiar with the matter, as the Claude maker moves to secure additional computing resources amid growing demand for its AI products.
Volta announced earlier Tuesday that it had secured a six-year, $10 billion agreement with an unnamed artificial intelligence company. The deal will be delivered in partnership with Bitdeer Technologies Group, a bitcoin miner that operates data centers, using a site in Norway.
The managed data center is expected to feature Nvidia’s next-generation Vera Rubin AI chips, according to details of the agreement. Volta was recently valued at $2.4 billion following a $300 million funding round.
Volta CEO Ricard Boada declined to identify the customer. Representatives for Anthropic and Bitdeer declined to comment.
The agreement adds to Anthropic’s efforts to expand its computing capacity as businesses and consumers increasingly use its Claude chatbot and other AI tools, particularly for coding and related tasks.
Anthropic has also entered computing agreements with SpaceX, Advanced Micro Devices and Akamai Technologies, while the company is reportedly in discussions to lease computing capacity from data centers operated by Meta Platforms.
Nvidia (NASDAQ:NVDA | NVDA Price Prediction) stock might have slowed down in the past year, gaining less than 15% in the timespan, but the business is still moving at a staggering pace as it does its best to meet sky-high AI demand while investing in the bottlenecks in the buildout. Whether it’s the desire to time a peak in hardware (no evidence of that yet), fears over circular financing and its potential to cause a violent unwind of some sort of “AI bubble,” Nvidia stock isn’t going to be right for everyone.
Perhaps the biggest reason to stay sidelined is the slowing upside momentum combined with the bearish bets put on by the great Dr. Michael Burry, who’s best known for betting against the housing market ahead of the 2008 Great Financial Crisis. With Dr. Burry recently adding to his already lofty put position, questions linger as to whether Nvidia stock is peaking out, even as the business itself continues to post spectacular results.
On the flip side, Dan Ives of Yorkville & Ives sees more wins coming for Nvidia, with “12-to-1” demand for its chips, a reality check that might not be baked into this increasingly skeptical market quite yet.
Expectations are high, but Nvidia just keeps sprinting faster Of course, it’s going to be hard for Jensen Huang and company to keep sprinting at this pace for the long haul. Past blowout quarters have pretty much caused Nvidia’s expectation treadmill to be on max. And while the firm hasn’t broken a sweat just yet, skeptics like Dr. Burry know that staying at such a pace just isn’t sustainable over time. But what if Nvidia really is a seasoned marathon runner that can keep the pace on a maxed-out treadmill for tens of miles more?
While the company itself is going to keep blowing the numbers away, what’s harder to predict, at least in my view, is how investors and the market will react, especially as they grow more exhausted in a market environment that could become a whole lot more volatile as we head into the latter half of the third quarter — a period that tends to see things get just a bit more turbulent.
Like it or not, Nvidia is continuing to be in that “Goldilocks” zone, all while the firm continues operating at the highest level possible. Even if someone like Dr. Burry increases his short exposure by way of bearish put options, I find it hard to bet against a firm that’s seeing real earnings growth, unheard-of gross and operating margins, as well as rising CapEx from hyperscaler customers.
It’s not just that hyperscalers are increasing their spend to advance the AI buildout to make way for the next generation of AI applications, but it’s more players that stand to enter the hyperscaler group.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Microsoft didn't make the cut. Grab the names FREE today.
Think Meta Platforms (NASDAQ:META) and Oracle (NYSE:ORCL), which, like it or not, are in the hyperscaler game now after their respective pivots. Meta decided to go ahead with selling compute via Meta Compute, while Oracle has seemingly prioritized Oracle Cloud Infrastructure (OCI) above all else. Indeed, the latter firm actually sacrificed its credit rating to pull off what could be one of the most aggressive pivots in corporate history.
AI demand might overwhelm supply to a greater extent Any way you look at it, AI data centers are going up, and they’ll be coming online fast. And, with that, a lot of next-generation Nvidia GPUs are going to keep flying off shelves, with firms at the front of the line deemed the most fortunate to be able to hand over obscene sums of cash for the right to get their hands on the latest and greatest hardware.
With Ives recently highlighting a 12-to-1 demand-to-supply ratio for its chips, I think it’s hard to get behind the bearish narrative right now when the reality points to more of the same, perhaps for far longer than almost anyone except for Ives and the bigger bulls expects.
In any case, Nvidia is back in the $5 trillion market cap club, and with a 22.8 times forward price-to-earnings (P/E) multiple, I’d say it’s hard to bet against the firm, given the current reality of the fundamentals.
The bottom line What’s most dangerous for the bears, in my view, is what happens when hyperscalers start clocking in those ROIs, as cloud growth keeps moving higher in a way that catches just about everyone off-guard.
When you look at those Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), and Alphabet (NASDAQ:GOOG) numbers, maybe higher CapEx will soon be what Wall Street craves rather than rejects. For Nvidia stock to pass Go and collect $20, I think the hyperscalers are going to need to see that growth jolt turn into a free cash flow inflection point.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Microsoft didn't make the cut. Grab the names FREE today.
Nvidia (NVDA +2.28%) is scheduled to report its second-quarter fiscal 2027 results on Aug. 26, and the timing raises what has lately become a familiar question for Nvidia investors: Is the stock worth buying ahead of the earnings announcement?
The major artificial intelligence (AI) hyperscalers -- Alphabet, Meta Platforms, Amazon, Microsoft, and Oracle -- have already delivered their latest numbers, and a clear theme has emerged: Big tech continues to allocate substantial capital expenditures (capex) to expand AI infrastructure.
This spending environment is constructive for Nvidia, which remains a primary supplier of data center GPUs while steadily deepening its position in CPUs, networking gear, and full-stack AI systems. With earnings right around the corner, the decision to buy shares now hinges on expectations, historical patterns, and a realistic view of timing.
Image source: Nvidia.
What does Wall Street expect for Nvidia's earnings? Consensus estimates among Wall Street analysts point to revenue of roughly $91.8 billion, with a range spanning $90.3 billion to $96.7 billion. That figure is nearly double Nvidia's revenue from the second quarter one year ago. On the profitability side, analysts forecast earnings per share (EPS) of about $2.08, bookended by estimates between $2.03 and $2.20.
Wall Street's numbers are modestly above the guidance Nvidia's management provided when the company reported first-quarter results. Management previously stated that second-quarter revenue would be around $91 billion -- plus or minus 2% -- and projected gross margins near 75%.
Today's Change
(
2.28
%) $
4.72
Current Price
$
211.36
How does Nvidia stock usually perform after earnings? The chart offers a window into how Nvidia stock has behaved around earnings releases over the last year. Earnings reports are marked by the purple circles with "E" in the center.
Data by YCharts.
In the first instance, Nvidia stock was trading in the mid-$180s before reporting earnings. Shares subsequently slipped toward $170 in the weeks that followed before recovering.
The next release occurred after a run-up above $200. This was followed by a multi-week pullback into the $170 range. The most recent earnings event saw Nvidia stock peak above $220, followed by a prolonged sell-off that left shares currently near $207.
Across these episodes, the immediate post-earnings reaction has more often than not been neutral to negative over the immediate one to three months. That said, the longer-term trajectory has remained upward.
The key takeaway is that volatility around earnings announcements has been pronounced, with shares frequently giving back their pre-release gains.
History suggests that a sharp, sustained rally immediately after the upcoming earnings release is far from guaranteed. This means buying an entire Nvidia position today carries the risk of short-term underperformance if the market treats a solid print as already discounted.
Waiting until investors digest Nvidia's latest numbers will likely avoid near-term noise, yet it also risks missing a positive rerating that could accompany continued evidence of hyperscaler demand. Investors could also add shares over many years -- removing the need to forecast what might happen over the next few weeks.
Given Nvidia's dominant position in AI infrastructure ecosystems and the multiyear nature of the capex supercycle underway, I think dollar-cost averaging aligns more closely with the company's durable fundamentals than attempts to time a single earnings reaction. Nvidia stock should continue to move higher over the long term. The chart reminds investors that the trajectory between earnings dates is rarely smooth.
Adam Spatacco has positions in Alphabet, Amazon, Microsoft, and Nvidia. The Motley Fool has positions in and recommends Alphabet, Amazon, Meta Platforms, Microsoft, Nvidia, and Oracle. The Motley Fool has a disclosure policy.
Nvidia stock NVDA rose on Tuesday, extending a recent rebound as renewed optimism surrounding artificial intelligence infrastructure lifted semiconductor stocks and helped drive US equities to fresh record highs.
The stock gained 2.3% to $211.48 in early trading after climbing 2.9% in the previous session.
Other chipmakers also advanced sharply, with Advanced Micro Devices and Intel each rising around 9%.
The broader market rallied as easing oil prices and stronger-than-expected corporate earnings boosted investor sentiment.
The S&P 500 rose 1.8% to a record intraday high, its first since June, while the Nasdaq Composite gained 2.5%.
The Dow Jones Industrial Average climbed 1,035 points, or 2%, led by a 6% gain in Caterpillar.
The advance came as hopes grew that the Strait of Hormuz could reopen, contributing to another decline in oil prices.
Despite the recent recovery, Nvidia has lagged the broader semiconductor sector this year.
The shares have gained 11% in 2026 and are up 16% over the past 12 months.
By comparison, the PHLX Semiconductor Index had risen 61% this year through Monday's close and added another 6% in Tuesday trading.
Investors have increasingly broadened their exposure across the semiconductor industry as spending on AI infrastructure expands beyond graphics processing units.
While Nvidia remains the dominant supplier of AI accelerators, competition has intensified from AMD and custom chip developers, as well as companies focused on central processing units, including Intel.
The company's relative underperformance has left Nvidia trading at lower valuation multiples than many of its semiconductor peers.
According to FactSet, Nvidia trades at a forward price-to-earnings ratio of 18.9 times, below the S&P 500's forward multiple of about 20 times.
The PHLX Semiconductor Index trades at an average forward multiple of 20.6 times, while Intel trades at about 50.4 times forward earnings and AMD at approximately 43 times.
Investors use price-to-earnings multiples to assess a company's valuation relative to the earnings it is expected to generate.
With the growth of online trading apps, tracking such metrics has become significantly easier and more accessible to market participants.
The comparatively lower valuation has led some investors to view Nvidia as increasingly attractive following the recent selloff.
Financing concerns remain in focusTuesday's gains extended Nvidia's recovery after several weeks of pressure driven by concerns over artificial intelligence spending, financing arrangements, and rising competition in the semiconductor industry.
Investor sentiment had also weakened following reports that a Chinese company had begun mass-producing key chipmaking equipment, raising questions about future competitive dynamics.
Separately, The Wall Street Journal reported that Nvidia is discussing a roughly $250 billion financing guarantee to support OpenAI's lease of a large data centre project in Ohio.
The proposed arrangement would help OpenAI secure more favourable financing while supporting long-term demand for Nvidia's AI processors.
However, the report also raised concerns among some investors that financing agreements between Nvidia and its customers could resemble the circular financing structures seen during the dotcom era.
The latest rally suggests investors are once again focusing on the long-term outlook for AI infrastructure demand, even as competition broadens and questions remain over how future spending will be distributed across the semiconductor industry.
Clearwater Capital Advisors LLC increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 32.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,773 shares of the computer hardware maker’s stock after purchasing an additional 4,873 shares during the period. Clearwater Capital Advisors LLC’s holdings in NVIDIA were worth $3,448,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of NVDA. Lifetime Wealth Management P.C. bought a new position in shares of NVIDIA in the fourth quarter worth about $26,000. Longview Financial Advisors Inc. purchased a new stake in shares of NVIDIA during the first quarter worth about $27,000. Longfellow Investment Management Co. LLC raised its stake 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 valued at $33,000 after purchasing an additional 67 shares during the period. Phillip James Consulting Co. bought a new stake in NVIDIA during the 1st quarter valued at approximately $40,000. Finally, Spurstone Advisory Services LLC purchased a new position in NVIDIA in the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.
Insider Buying and Selling at NVIDIA In other news, Director Mark A. Stevens sold 885,000 shares of the firm’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 completion of the sale, the director directly owned 5,207,271 shares of the company’s stock, valued at $1,094,412,146.07. This trade represents a 14.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $215.73, for a total value of $3,343,815.00. Following the completion of the sale, the director directly owned 116,135 shares of the company’s stock, valued at $25,053,803.55. The trade was a 11.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,901,125 shares of company stock worth $410,583,015 over the last ninety days. Company insiders own 3.94% of the company’s stock.
Analyst Ratings Changes NVDA has been the subject of several recent analyst reports. William Blair reaffirmed an “outperform” rating on shares of NVIDIA in a report on Tuesday, June 2nd. Argus upped their target price on shares of NVIDIA from $220.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of NVIDIA in a research note on Wednesday, July 8th. Wells Fargo & Company reiterated an “overweight” rating and issued a $315.00 price target (up from $265.00) on shares of NVIDIA in a research note on Tuesday, May 12th. Finally, Raymond James Financial reissued a “strong-buy” rating and set a $330.00 price objective on shares of NVIDIA in a 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 issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $304.26.
Check Out Our Latest Report on NVDA
NVIDIA Stock Performance Shares of NASDAQ:NVDA opened at $206.64 on Tuesday. NVIDIA Corporation has a 52 week low of $164.07 and a 52 week high of $236.54. The stock has a market capitalization of $5.00 trillion, a P/E ratio of 31.64, a PEG ratio of 0.39 and a beta of 2.23. The firm has a fifty day simple moving average of $205.24 and a two-hundred day simple moving average of $196.34. 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 (NASDAQ:NVDA – Get Free Report) last posted its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.11. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The firm had revenue of $81.61 billion for the quarter, compared to the consensus estimate of $78.42 billion. During the same period in the previous year, the firm posted $0.81 EPS. The business’s quarterly revenue was up 85.2% on a year-over-year basis. On average, analysts expect that NVIDIA Corporation will post 8.79 earnings per share for the current fiscal year.
NVIDIA declared that its board has authorized a share buyback plan 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 buy up to 1.5% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.
NVIDIA Increases Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 4th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, June 4th. This is an increase from NVIDIA’s previous quarterly dividend of $0.01. This represents a $1.00 annualized dividend and a yield of 0.5%. NVIDIA’s payout ratio is presently 15.31%.
NVIDIA News Summary Here are the key news stories impacting NVIDIA this week:
Positive Sentiment: Cloud providers are accelerating spending on AI infrastructure, particularly NVIDIA’s liquid-cooled Blackwell systems. This reinforced expectations that demand for NVIDIA’s data-center GPUs remains well ahead of supply ahead of the company’s next earnings report. Nvidia stock climbs as AI infrastructure demand boosts investor sentiment Positive Sentiment: Analyst and earnings-preview coverage remains bullish. NVIDIA has a strong history of beating estimates, while reported first-quarter revenue of $81.6 billion and data-center revenue of $75.2 billion showed exceptional year-over-year growth. Forecasts also point to continued momentum from the Blackwell and upcoming Vera Rubin platforms. Will Nvidia beat estimates again Positive Sentiment: A strong Nasdaq and semiconductor-sector rebound lifted sentiment across chip stocks, providing an additional market-wide catalyst for NVDA. Some analysts argue that NVIDIA’s valuation remains reasonable relative to its growth and potential future sales. Nvidia beats stock market upswing Neutral Sentiment: NVIDIA is using financial guarantees, equity investments, and revenue-sharing arrangements to help customers build AI data centers and secure demand for Vera Rubin. The strategy could strengthen its ecosystem and market share, but it also increases exposure to customer defaults, cash outflows, and weaker AI-investment returns. Nvidia financial engineering and Vera Rubin Negative Sentiment: Risk-focused coverage highlights concerns about circular financing, rising AI infrastructure costs, and whether hyperscaler spending can remain economically justified. NVIDIA has also traded sideways for several months, suggesting investors may require stronger earnings or guidance to sustain a breakout. Nvidia stock remains in a $200 rut Negative Sentiment: Longer-term competitive risks are emerging as custom AI chips gain traction and AI-generated software could weaken CUDA’s traditional competitive moat, particularly as workloads shift from training toward inference. AI threats to Nvidia CUDA 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’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control Why Rare Earth Processing Could Be the Real 2027 Opportunity The S&P 493 Are Staging a Comeback—This Value ETF Offers Broad Exposure TSMC Insiders Are Buying the Pullback—But Is the Signal as Bullish as It Looks? 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.
« PREVIOUS HEADLINEMicrosoft Corporation $MSFT Shares Sold by Clifford Swan Investment Counsel LLC
NEXT HEADLINE »Coronation Fund Managers Ltd. Buys Shares of 26,149 NVIDIA Corporation $NVDA
Fairbanks Capital Management Inc. bought a new stake in NVIDIA Corporation (NASDAQ:NVDA – Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 30,496 shares of the computer hardware maker’s stock, valued at approximately $5,319,000. NVIDIA accounts for 3.3% of Fairbanks Capital Management Inc.’s portfolio, making the stock its 11th biggest position.
Several other institutional investors and hedge funds have also modified their holdings of NVDA. State Street Corp grew its holdings in shares of NVIDIA by 1.2% during 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 in the last quarter. Geode Capital Management LLC raised its stake in NVIDIA by 0.6% in 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 purchasing an additional 3,383,441 shares in the last quarter. Norges Bank acquired a new position in NVIDIA in the fourth quarter valued at about $62,244,133,000. Bank of America Corp DE lifted its position in NVIDIA by 1.5% during 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 purchasing an additional 2,849,678 shares during the period. Finally, Legal & General Group Plc lifted its position in NVIDIA by 1.5% during the third quarter. Legal & General Group Plc now owns 181,203,035 shares of the computer hardware maker’s stock worth $33,808,862,000 after purchasing an additional 2,609,560 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.
NVIDIA News Summary Here are the key news stories impacting NVIDIA this week:
Positive Sentiment: Cloud providers are accelerating spending on AI infrastructure, particularly NVIDIA’s liquid-cooled Blackwell systems. This reinforced expectations that demand for NVIDIA’s data-center GPUs remains well ahead of supply ahead of the company’s next earnings report. Nvidia stock climbs as AI infrastructure demand boosts investor sentiment Positive Sentiment: Analyst and earnings-preview coverage remains bullish. NVIDIA has a strong history of beating estimates, while reported first-quarter revenue of $81.6 billion and data-center revenue of $75.2 billion showed exceptional year-over-year growth. Forecasts also point to continued momentum from the Blackwell and upcoming Vera Rubin platforms. Will Nvidia beat estimates again Positive Sentiment: A strong Nasdaq and semiconductor-sector rebound lifted sentiment across chip stocks, providing an additional market-wide catalyst for NVDA. Some analysts argue that NVIDIA’s valuation remains reasonable relative to its growth and potential future sales. Nvidia beats stock market upswing Neutral Sentiment: NVIDIA is using financial guarantees, equity investments, and revenue-sharing arrangements to help customers build AI data centers and secure demand for Vera Rubin. The strategy could strengthen its ecosystem and market share, but it also increases exposure to customer defaults, cash outflows, and weaker AI-investment returns. Nvidia financial engineering and Vera Rubin Negative Sentiment: Risk-focused coverage highlights concerns about circular financing, rising AI infrastructure costs, and whether hyperscaler spending can remain economically justified. NVIDIA has also traded sideways for several months, suggesting investors may require stronger earnings or guidance to sustain a breakout. Nvidia stock remains in a $200 rut Negative Sentiment: Longer-term competitive risks are emerging as custom AI chips gain traction and AI-generated software could weaken CUDA’s traditional competitive moat, particularly as workloads shift from training toward inference. AI threats to Nvidia CUDA Wall Street Analyst Weigh In Several research firms have commented on NVDA. Evercore reissued an “outperform” rating and issued a $413.00 target price (up from $352.00) on shares of NVIDIA in a report on Thursday, May 21st. UBS Group boosted their target price on shares of NVIDIA from $275.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Tigress Financial reissued a “strong-buy” rating and set a $425.00 price objective (up from $360.00) on shares of NVIDIA in a report on Wednesday, May 27th. Royal Bank Of Canada set a $280.00 price objective on NVIDIA in a research report on Thursday, May 21st. Finally, Morgan Stanley set a $288.00 target price on NVIDIA and gave the stock an “overweight” rating in a report on Thursday, May 21st. Three 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 company. According to MarketBeat.com, NVIDIA has a consensus rating of “Buy” and a consensus price target of $304.26.
View Our Latest Report on NVDA
NVIDIA Trading Up 2.9% Shares of NVDA stock opened at $206.64 on Tuesday. The stock has a market cap of $5.00 trillion, a price-to-earnings ratio of 31.64, a PEG ratio of 0.39 and a beta of 2.23. The stock has a 50-day moving average of $205.24 and a 200-day moving average of $196.34. The company has a current ratio of 3.44, a quick ratio of 2.85 and a debt-to-equity ratio of 0.04. NVIDIA Corporation has a 1-year low of $164.07 and a 1-year high of $236.54.
NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings data 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. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The company had revenue of $81.61 billion for the quarter, compared to analyst estimates of $78.42 billion. During the same period in the previous year, the firm earned $0.81 earnings per share. The firm’s quarterly revenue was up 85.2% on a year-over-year basis. On average, equities research analysts forecast that NVIDIA Corporation will post 8.79 earnings per share for the current year.
NVIDIA Increases Dividend The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 4th were paid a dividend of $0.25 per share. 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 0.5%. The ex-dividend date of this dividend was Thursday, June 4th. NVIDIA’s payout ratio is 15.31%.
NVIDIA declared that its board has initiated a share repurchase program on Wednesday, May 20th that allows the company to buyback $80.00 billion in outstanding shares. This buyback authorization allows the computer hardware maker to repurchase up to 1.5% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.
Insider Buying and Selling In other NVIDIA news, Director John Dabiri sold 625 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $214.00, for a total transaction of $133,750.00. Following the completion of the sale, the director directly owned 14,163 shares in the company, valued at approximately $3,030,882. This trade represents a 4.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 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 sale, the director owned 5,207,271 shares of the company’s stock, valued at approximately $1,094,412,146.07. The trade was a 14.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,901,125 shares of company stock valued at $410,583,015 over the last quarter. 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’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control Why Rare Earth Processing Could Be the Real 2027 Opportunity The S&P 493 Are Staging a Comeback—This Value ETF Offers Broad Exposure TSMC Insiders Are Buying the Pullback—But Is the Signal as Bullish as It Looks? 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.
Coronation Fund Managers Ltd. bought a new position in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 26,149 shares of the computer hardware maker’s stock, valued at approximately $4,560,000.
Several other institutional investors and hedge funds also recently modified their holdings of NVDA. Lifetime Wealth Management P.C. purchased a new stake in NVIDIA in the 4th quarter valued at approximately $26,000. Longview Financial Advisors Inc. acquired a new stake in NVIDIA during the 1st quarter valued at $27,000. Longfellow Investment Management Co. LLC increased its position in NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after buying an additional 67 shares in the last quarter. Phillip James Consulting Co. purchased a new position in NVIDIA during the first quarter worth $40,000. Finally, Spurstone Advisory Services LLC acquired a new position in shares of NVIDIA in the second quarter worth $40,000. Hedge funds and other institutional investors own 65.27% of the company’s stock.
Analyst Upgrades and Downgrades Several brokerages have recently issued reports on NVDA. Susquehanna restated a “positive” rating and issued a $275.00 price objective (up from $250.00) on shares of NVIDIA in a research report on Tuesday, May 12th. DZ Bank reiterated a “buy” rating on shares of NVIDIA in a research report on Thursday, May 21st. Raymond James Financial reissued a “strong-buy” rating and issued a $330.00 target price on shares of NVIDIA in a research note on Thursday, May 21st. Barclays restated an “overweight” rating on shares of NVIDIA in a report on Thursday, May 21st. Finally, Royal Bank Of Canada set a $280.00 price target on shares of NVIDIA in a research note on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $304.26.
Get Our Latest Analysis on NVDA
NVIDIA Trading Up 2.9% Shares of NVDA stock opened at $206.64 on Tuesday. The firm’s 50-day simple moving average is $205.24 and its 200-day simple moving average is $196.34. 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 $5.00 trillion, a P/E ratio of 31.64, a PEG ratio of 0.39 and a beta of 2.23.
NVIDIA (NASDAQ:NVDA – Get Free Report) last released its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.11. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The firm had revenue of $81.61 billion during the quarter, compared to the consensus estimate of $78.42 billion. During the same period in the previous year, the firm earned $0.81 earnings per share. NVIDIA’s revenue was up 85.2% compared to the same quarter last year. As a group, equities analysts forecast that NVIDIA Corporation will post 8.79 EPS for the current year.
NVIDIA Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 4th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Thursday, June 4th. This is a positive change from NVIDIA’s previous quarterly dividend of $0.01. NVIDIA’s payout ratio is currently 15.31%.
NVIDIA declared that its Board of Directors has authorized a share repurchase plan on Wednesday, May 20th that allows the company to buyback $80.00 billion in outstanding shares. This buyback authorization allows the computer hardware maker to purchase up to 1.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
Insider Transactions at NVIDIA In related news, Director Stephen C. Neal sold 15,500 shares of NVIDIA stock in a transaction 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 approximately $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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John Dabiri sold 625 shares of the business’s 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 trade represents a 4.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 1,901,125 shares of company stock worth $410,583,015 in the last ninety days. Insiders own 3.94% of the company’s stock.
Trending Headlines about NVIDIA Here are the key news stories impacting NVIDIA this week:
Positive Sentiment: Cloud providers are accelerating spending on AI infrastructure, particularly NVIDIA’s liquid-cooled Blackwell systems. This reinforced expectations that demand for NVIDIA’s data-center GPUs remains well ahead of supply ahead of the company’s next earnings report. Nvidia stock climbs as AI infrastructure demand boosts investor sentiment Positive Sentiment: Analyst and earnings-preview coverage remains bullish. NVIDIA has a strong history of beating estimates, while reported first-quarter revenue of $81.6 billion and data-center revenue of $75.2 billion showed exceptional year-over-year growth. Forecasts also point to continued momentum from the Blackwell and upcoming Vera Rubin platforms. Will Nvidia beat estimates again Positive Sentiment: A strong Nasdaq and semiconductor-sector rebound lifted sentiment across chip stocks, providing an additional market-wide catalyst for NVDA. Some analysts argue that NVIDIA’s valuation remains reasonable relative to its growth and potential future sales. Nvidia beats stock market upswing Neutral Sentiment: NVIDIA is using financial guarantees, equity investments, and revenue-sharing arrangements to help customers build AI data centers and secure demand for Vera Rubin. The strategy could strengthen its ecosystem and market share, but it also increases exposure to customer defaults, cash outflows, and weaker AI-investment returns. Nvidia financial engineering and Vera Rubin Negative Sentiment: Risk-focused coverage highlights concerns about circular financing, rising AI infrastructure costs, and whether hyperscaler spending can remain economically justified. NVIDIA has also traded sideways for several months, suggesting investors may require stronger earnings or guidance to sustain a breakout. Nvidia stock remains in a $200 rut Negative Sentiment: Longer-term competitive risks are emerging as custom AI chips gain traction and AI-generated software could weaken CUDA’s traditional competitive moat, particularly as workloads shift from training toward inference. AI threats to Nvidia CUDA 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’s First Earnings Report Could Decide Whether Shorts or Bulls Have Control Why Rare Earth Processing Could Be the Real 2027 Opportunity The S&P 493 Are Staging a Comeback—This Value ETF Offers Broad Exposure TSMC Insiders Are Buying the Pullback—But Is the Signal as Bullish as It Looks?
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.
« PREVIOUS HEADLINEClearwater Capital Advisors LLC Purchases 4,873 Shares of NVIDIA Corporation $NVDA
Nvidia: Tracking Extensive Revenue ExpansionNvidia (NVDA +1.60%) primarily generates its revenue by designing and supplying advanced graphics, compute, and networking solutions used heavily across gaming and high-performance computing ecosystems worldwide.
It recently partnered with the Japanese government to launch a national infrastructure factory, while reporting a 72% net income margin for the quarter ended April 26, 2026.
Advanced Micro Devices: Observing Steady Revenue ProgressionAdvanced Micro Devices (AMD +7.09%) primarily earns its revenue by developing high-performance microprocessors, chipsets, and graphics processing units tailored for personal computers, gaming consoles, and server environments.
It recently launched next-generation computing portfolios and secured several large-scale infrastructure commitments, while reporting a 14% net income margin for the quarter ended March 28, 2026.
Why Revenue Matters for Retail InvestorsRevenue serves as a foundational metric to help retail investors assess a company's total sales volume and scale. This metric serves as a fundamental baseline measure of overall customer demand and business growth.
Quarter (Period End)Nvidia RevenueAdvanced Micro Devices RevenueQ3 2024$30.0 billion (period ended July 2024)$6.8 billion (period ended Sept. 2024)Q4 2024$35.1 billion (period ended Oct. 2024)$7.7 billion (period ended Dec. 2024)Q1 2025$39.3 billion (period ended Jan. 2025)$7.4 billion (period ended March 2025)Q2 2025$44.1 billion (period ended April 2025)$7.7 billion (period ended June 2025)Q3 2025$46.7 billion (period ended July 2025)$9.2 billion (period ended Sept. 2025)Q4 2025$57.0 billion (period ended Oct. 2025)$10.3 billion (period ended Dec. 2025)Q1 2026$68.1 billion (period ended Jan. 2026)$10.3 billion (period ended March 2026)Q2 2026$81.6 billion (period ended April 2026)Not yet reportedData source: Company filings. Data as of July 31, 2026.
Foolish TakeComparing revenue trends between Nvidia and Advanced Micro Devices, rivals in the semiconductor chip market serving the artificial intelligence sector, reveals insights for investors. The large discrepancy between the two demonstrates Nvidia’s dominance of the industry. With the sales gap only widening over time, AMD looks unlikely to catch up to its competitor any time soon.
In fact, while AMD has demonstrated consistent year-over-year sales growth, it’s not on the quarterly basis seen with Nvidia, an impressive accomplishment and a testament to its success in capturing customer demand. That said, AMD stock is up over 120% in 2026 through August 3, while Nvidia shares are up only about 10% in that time.
After repeatedly exceeding Wall Street expectations, Nvidia now has to deliver near-flawless execution to move the needle on its stock price. Its July 16 announcement that it was working with the Japanese government to establish the world’s first national AI infrastructure did little to impact shares.
AMD, meanwhile, is seen as harboring more upside potential. Deals such as this year’s expanded partnership with Facebook parent Meta Platforms point to this potential.
Robert Izquierdo has positions in Advanced Micro Devices, Meta Platforms, and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices, Meta Platforms, and Nvidia. The Motley Fool has a disclosure policy.
Jim Cramer keeps telling viewers that NVIDIA chips hold their value because they are scarce. Now NVIDIA management has put a number behind that argument, and it is one most retail investors have probably never seen quoted.
The Number: $1 Trillion On the May 20, 2026 earnings call, NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) CFO Colette Kress told investors the company has “full confidence in $1 trillion in Blackwell and Rubin revenue we foresee from 2025 through calendar 2027,” fueled by data center demand. That is forward revenue visibility, not booked sales, and it is the clearest quantification of chip scarcity NVIDIA has ever put in writing. To back that visibility with physical supply, the company disclosed it had $119.0 billion in total supply-related commitments as of the Q1 FY2027 filing, and Kress said on the call that the tally inclusive of inventory purchases and prepaids had climbed to $145 billion.
What It Means A trillion dollars of demand visibility across two product cycles is a backlog statement dressed up as a forecast. But it is also a scarcity statement. NVIDIA is telling suppliers, customers, and shareholders that it has more orders than it can build. CEO Jensen Huang made the constraint explicit: “My sense is that we’ll be supply constrained throughout the entire life of Vera Rubin.”
The pricing evidence supports it. H100 rental prices are up 20% year to date, and A100 cloud pricing is up nearly 15%. Prior-generation silicon is appreciating, which only happens when new supply cannot catch demand.
That backlog is already showing up in the P&L. Q1 FY2027 revenue landed at $81.61 billion, up 85.23% year over year, beating consensus by 3.16%. Data Center revenue reached $75.25 billion, growing 92% YoY, with networking alone at $14.8 billion, up 199%. Non-GAAP gross margin expanded to 75.0%, versus 60.8% a year earlier. Companies that lack pricing power do not print massive gross margins on $81.61 billion in a single quarter.
Market Reaction Shares closed at $206.64 on August 3, 2026, versus around $223 at the Q1 FY27 filing on May 20, 2026. The custom period from filing date through August 3 shows a 7.43% decline. Momentum has turned recently: the stock is up 7.4% over the past week and up 8.6% over the past month, with year-to-date performance at +13.4%.
Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
Bull Case The $1 trillion figure reframes the data center debate. Detractors have argued that hyperscaler capex will normalize and that AI infrastructure depreciates faster than the market assumes. NVIDIA’s counter is that analysts now forecast hyperscale capex to exceed $1 trillion by 2027 and that AI infrastructure spending is tracking toward $3 trillion to $4 trillion annually by the end of this decade. Against that, the Blackwell and Rubin visibility captures only two product generations and one platform vendor.
Customer breadth reinforces the backlog. Kress said the number of partner data centers exceeding 10MW has nearly doubled in a year, now surpassing 80 sites, and NVIDIA infrastructure is deployed across nearly 40 countries. Sovereign revenue is up more than 80% year over year. Vera CPU alone opens what Huang called a $200 billion TAM with nearly $20 billion in CPU revenue visibility this year.
Capital return signals confidence. The board authorized an additional $80.0 billion in share repurchases, and increased the quarterly dividend from $0.01 to $0.25. Free cash flow of $48.55 billion in a single quarter, compared with $26.1 billion in the year-ago period, bankrolls all of it without touching the balance sheet. And the stock trades at roughly 23 times forward earnings, a multiple that has to be reconciled with 210.63% year-over-year net income growth.
Bottom Line The $1 trillion Blackwell and Rubin revenue forecast is a forward-looking statement, not a reported figure, and long-term holders should treat it that way. It is also the cleanest number NVIDIA has ever offered to quantify what Cramer sees brewing on the surface: chips that hold their value because there are not enough of them. Q2 FY2027 guidance calls for revenue of $91.0 billion, plus or minus 2%, with gross margin held at 75.0%. If the company delivers, the trillion-dollar figure stops sounding like a slogan and starts looking like a roadmap.
Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
SANTA CLARA, Calif.--(BUSINESS WIRE)-- #AI--DDN, the global leader in AI and data intelligence solutions, today announced a collaboration with NVIDIA within the Storage-Next initiative and focused on helping organizations achieve greater business and financial value from their AI investments. The companies are working together to create a faster, more efficient connection between NVIDIA accelerated computing and the DDN Infinia data intelligence platform. By enabling GPUs to access the data they need.
CNBC’s Jim Cramer distilled the current NVIDIA setup into one sentence on X: “you get a couple of reports that Nvidia chips are holding their value and are scarce and the stock soars.” The post landed as NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) closed up 2.93% at $206.64 on August 3, 2026, extending a 6.7% one-week gain and pushing the stock 12.8% higher year to date. For a name with a roughly $5.094 trillion market capitalization, that is a meaningful daily move, and it maps directly onto the two supply-side narratives Cramer is pointing at.
The Reports Behind Cramer’s Take Two theories circulating this week gave the scarcity thesis fresh ammunition. An analysis by Beth Kindig, aka the “Queen of Nvidia,” flagged that TSMC’s N3 process wafer capacity is severely constrained, with the biggest AI chip designers, NVIDIA and Google, both leaning on the same node and rising prices reflecting the bottleneck. Separately, Bank of America is now modeling hyperscaler capital expenditures to exceed $1.2 trillion over the next year, with the sector’s bottleneck shifting from demand to supply.
Value retention in the secondary GPU market is the second leg. Hyperscalers describe cloud GPUs as sold out, and rental economics for prior-generation Hopper silicon have stayed firm even as Blackwell ramps. That behavior signals a market where installed hardware is still earning its keep, which is the opposite of what you would expect if the AI capex cycle were peaking.
NVIDIA’s Numbers Confirm the Scarcity Thesis NVIDIA’s most recent report, filed May 20, 2026, reads like a scarcity case study. Q1 FY2027 revenue came in at $81.615 billion, up 85.23% YoY, beating the consensus by 3.16% and setting a new company record. Non-GAAP diluted EPS of $1.87 topped the $1.7738 estimate. Data Center revenue reached $75.246 billion, growing 92% year over year, with networking (InfiniBand, NVLink, Spectrum-X) up 199%.
The margin picture is the tell. Non-GAAP gross margin held at 75.0%, up from 60.8% a year earlier. Sustaining that gross margin while revenue nearly doubles is the fingerprint of pricing power created by supply that trails demand. Free cash flow of $48.55 billion in the quarter funded a $80 billion repurchase authorization and a dividend increase from $0.01 to $0.25 per share.
Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
The clearest scarcity signal sits in the balance sheet commentary. Total forward supply-related commitments jumped to $119.0 billion in Q1 FY2027, versus $95.2 billion in Q4 FY2026 and $50.3 billion in Q3 FY2026. NVIDIA is writing large checks to lock in wafer starts, HBM, and networking silicon well before customer purchase orders convert to revenue. Details are in the company’s Q1 FY2027 8-K filing.
What to Watch Next Nvidia management guided Q2 FY2027 revenue to $91.0 billion, give or take 2%, with 75.0% non-GAAP gross margin, and that figure excludes any China Data Center compute revenue. Named commitments underneath the guide include 10 gigawatts of systems for OpenAI, an initial 1 gigawatt for Anthropic, millions of Blackwell and Rubin GPUs for Meta over multiple years, and 5-plus gigawatts for CoreWeave by 2030.
Jensen Huang framed the backdrop in generational terms: “The buildout of AI factories, the largest infrastructure expansion in human history, is accelerating at extraordinary speed.”
Valuation is where the debate lives. NVIDIA trades at roughly 30.7 times trailing earnings and 22.8 times forward earnings, with an analyst consensus target of $302.83 and 58 buy or strong buy ratings against 2 holds and 1 sell. Reddit sentiment, meanwhile, has been predominantly bearish across r/wallstreetbets in early August, driven more by loss-focused posts than by any obvious crack in the fundamentals. Cramer’s read is that scarcity and value retention are the signals that matter most for the next leg. The Q2 report, due in late August, will test that thesis against the $91 billion guide and bring the scarcity debate full circle.
Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
We keep hearing about how every additional investment Nvidia (NASDAQ:NVDA | NVDA Price Prediction) makes adds to the circularity, which, during the days of the AI boom, was quite common. Indeed, these kinds of rapid-fire circular deals may very well be adding to the web of risks that might unravel once an AI bubble finally does burst. But, at the same time, vendor financing from 26 years ago is fundamentally different from the deals Nvidia has been making amid the great AI data center buildout. Sure, on paper, things smell eerily similar to the 2000-era circular deals.
At the same time, though, Nvidia doesn’t have to push its hardware to anyone. In fact, it’s been fighting to keep up with demand that’s continued to be off the charts. We’ve entered an era where being in the front of the line for the new Nvidia chips is seen as a fundamental moat source, and until that changes, perhaps Nvidia is smart to reinvest in the AI revolution with the obscene amounts of free cash flow that’s flowing in during any given quarter.
The company has more than enough to invest in its own growth engine while beefing up its many moats, while having enough left over to bet on other companies, including private frontier AI labs, that stand to gain significantly as the AI revolution advances and matures. Given Jensen Huang’s ability to spot potential across the AI waters, I’d much rather the man invest than do anything else with the cash, including returning it to shareholders by way of share buybacks. Either way, the company will have more than enough coming in to spread across many buckets.
More than enough to go shopping across the AI stack As for whether all these new deals (frontier labs, infrastructure providers, and more) are deal-breakers for those looking to buy the name at today’s seemingly reasonable valuations (around 31.0 times trailing price-to-earnings), I don’t think it is. Yes, similar things have happened in the lead-up to the 2000-01 bubble burst. But things are a whole lot different this time around. Nvidia has more than enough free cash flow coming in to do as it sees fit.
Arguably, reinvesting in AI is a way to expand Nvidia’s influence and dominance as the firm seeks to expand across the entire stack or five-layer cake, as Jensen Huang likes to refer to it. All the while, the firm is helping accelerate the AI revolution either via investing in the bottlenecks of AI or by enabling frontier labs to get the resources they need to grow as fast as they can.
Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
Is a bit of caution warranted as new deals come in every month or so?
Perhaps. There’s bound to be a ton of new developments when it comes to Nvidia in any given week. But, at the same time, I think the deals, as circular as they may be, are helping the AI market, as a whole, expand. The company’s selling to some deep-pocketed giants that can’t seem to get enough. And until something changes, I wouldn’t count Nvidia’s appetite for deal-making as a negative against the company.
The bottom line A big bet on Thinking Machines Lab or Safe Superintelligence is a development that would have sent just about any stock higher. But when it comes to Nvidia, investors seem a bit fatigued with the deal-making now since circularity is brought up just about every time. These are powerful AI innovators at the frontier that could rise up the ranks in Anthropic-like fashion. But it’s Jensen Huang writing the checks; the markets seem to be looking the other way.
If anything, the lack of positive reception in response to such deals, in my view, could be a hidden positive driver for the stock. In my humble opinion, discounting Jensen Huang’s ability to allocate capital is not a good move.
Don't wait: the analyst who called NVIDIA in 2010 just revealed his top 10 AI stocks. See the full list FREE now.
Dan Ives, partner and senior managing director over at Yorkville Ives & Co., doesn’t seem to be buying that the AI revolution is running into its latter innings. And while he’s been known as one of the bigger tech and AI bulls out there, I do think that his commentary can provide ample food for thought, especially as investors and the market begin to show a bit of jitteriness, even as mega-cap tech continues to floor it while many sell-side analysts continue to subscribe to the narrative that AI isn’t just a bubble that will suddenly go bust.
Whichever clever analogy you’d like to use, I do think that Dan Ives has some really strong points for this AI revolution being in its early days.
Whether it’s in the “third inning” or a party at 11 pm that’s going on until 4 am, it’s clear that far too many market participants could risk a lot by trying to time the peak in the great AI buildout, especially as hyperscalers keep raising the bar on their CapEx.
With the latest round of big tech earnings in the books, I do think that the hyperscalers are starting to show that they’ve earned the right to spend more on the effort. Of course, Meta Platforms (NASDAQ:META | META Price Prediction), a new entrant to the hyperscaler club with its Meta Compute plans, fell flat in the latest quarter.
CapEx is rising, but so too is the monetization wave But, for the most part, other more mature hyperscalers are starting to show signs of firing on all cylinders, with respectable cloud growth and glimmers of ROIs that could justify even more CapEx. With Microsoft (NASDAQ:MSFT) blowing the numbers out of the water, questions linger as to whether more CapEx could act as rally fuel rather than an overhang on the shares.
Azure growth rocketed to 43%, topping estimates, while the commercial remaining performance obligations (RPOs) swelled to 84%. Indeed, it seems like an inflection point has been reached, and as the next phase of AI technologies (think agents and robotics) comes to be, perhaps it makes more sense to visualize a floor under Microsoft’s growth rather than a ceiling, especially as the firm tackles its constraints so that its growth can be all that it can be. Any way you look at it, the hyperscalers are finally starting to be rewarded. And, in due time, Meta is bound to follow suit, especially since the firm is playing that same hyperscaler playbook.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Microsoft didn't make the cut. Grab the names FREE today.
In my view, Meta is where the hyperscalers were some time ago. And given the latest earnings season showed evidence that AI spend is actually for something, I do think that the market ought to be more forgiving of Mark Zuckerberg and his team as they look to move as fast as they can. I don’t think it’ll take too much time before the firm falls into the same boat as its hyperscaler peers, as the AI cloud looks to take its growth into overdrive.
AI spending still has a way to go After the latest wave of earnings, I do think that AI demand suggests that Ives’ earlier innings are strengthened. What’s more, the man sees AI spending at “15% through,” which is most striking.
As for the winners of the ongoing AI buildout, as things get more aggressive and monetization kicks into high gear, I do think that the hyperscalers, semiconductor names on the pullback, and AI software titans (most notably Palantir (NASDAQ:PLTR)) could rise to the occasion. If Ives is right, the combination of rising spend and rapid monetization could lead to a “rising tides for most boats” kind of situation.
In my view, a name like Nvidia (NASDAQ:NVDA), one of the obvious picks-and-shovels plays, remains the name to stick with over the long run. Ives refers to Jensen Huang as the “godfather of AI” for a reason.
Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Microsoft didn't make the cut. Grab the names FREE today.
Jensen Huang has become a vocal champion of open-weight artificial intelligence (AI) models, the kind anyone can download, customize, and run themselves. He even organized a letter urging Washington not to restrict them, one that quickly gathered dozens of corporate signatories, including OpenAI and Alphabet.
It sounds like a principled stand for open technology. But for Nvidia (NVDA +2.93%), it is also a shrewd business move, one aimed squarely at expanding the company's total addressable market.
Nvidia CEO Jensen Huang. Image source: Nvidia.
Why open models mean more Nvidia chips Here is the logic. Closed AI models keep development bottled up inside a handful of well-funded labs. Open-weight models blow that open, letting millions of companies, start-ups, researchers, and even entire countries build and run their own AI. And every one of those deployments needs computing power, the vast majority of which runs on Nvidia's chips.
Huang has pointed out that roughly 1-in-4 AI tokens generated today already come from an open model, and he wants that share to keep climbing. The more places AI takes root, the more Nvidia hardware the world needs.
Nvidia is not just cheering from the sidelines, either. It builds its own open models, releasing its Nemotron family free to the public along with the training recipes and code. Giving away powerful models seeds demand for the one thing Nvidia actually sells: the silicon to run them.
Today's Change
(
2.93
%) $
5.89
Current Price
$
206.64
The strategic logic Step back, and the strategy is elegant. In my opinion, Nvidia does not care which AI model wins, as long as the world keeps building more of them. Closed models concentrate demand; open models democratize it across the entire economy. By pushing to make AI universal and freely available, Jensen Huang is quietly ensuring that the whole ecosystem, from a solo developer to a national government, runs on Nvidia's platform. His idealism and his order book point in the same direction.
The strategy is not without danger. Open models also let rivals, including China, build competitive AI cheaply, and the gap between the best American and Chinese open models is narrowing. That has stirred real concern about U.S. technological leadership. There is also a subtler risk: Hyper-efficient open models could, in theory, accomplish more with less computing power, softening the very demand Nvidia is counting on.
The takeaway for investors I read Huang's open-weight crusade as a smart strategy wrapped in principle. It is a bet that making AI universal grows the pie for Nvidia far faster than it feeds its rivals. For investors, it signals a company playing the long game to keep the entire AI economy running on its chips, even if the open-model genie cuts both ways.
SummaryNitto Boseki is a critical supplier of T-Glass for advanced chip packaging, serving NVIDIA, Apple, and other major semiconductor players.NBCLF's Electronics Materials segment drives 84% of operating profit with expanding margins, reflecting strong demand and pricing power amid the AI boom.Trading at a trailing GAAP P/E of 11.09x, NBCLF is undervalued relative to sector peers, with a rerating justified by superior profitability and sector positioning.Risks include high dependency on AI demand, input cost volatility, and concentration in electronics, but financials remain robust with a strengthened cash position. Anatoly Morozov/iStock via Getty Images
I came across Nitto Boseki Co., Ltd. (NBCLF), or Nittobo, after learning about Jensen Huang's recent visit to Tokyo, where he met the CEO of this Japanese specialty glass manufacturer during a
8.7K Followers
Analyst’s Disclosure: I/we have a beneficial long position in the shares of NBCLF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
This is an investment thesis and is intended for informational purposes. Investors are kindly requested to do additional research before investing.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Expansion Funded Without Issuing Additional Equity
High-Density, Liquid-Cooled Capacity Commissioned in Approximately Two Weeks Inside an Existing Air-Cooled Facility
, /PRNewswire/ -- Corvex, Inc. (Nasdaq: MOVE), an engineering-led AI computing platform specializing in GPU-accelerated infrastructure for AI workloads, today announced that it has signed a multi-year agreement to provide clusters of NVIDIA Blackwell GPUs connected with NVIDIA Quantum-2 InfiniBand networking to a leading AI company.
The deployment underscores Corvex's speed to value. Liquid-cooling retrofits of air-cooled data centers commonly take multiple quarters to bring online. Operating within an existing air-cooled facility, Corvex installed and commissioned high-density, liquid-cooled NVIDIA HGX B200 capacity approximately two weeks after the equipment arrived, without a facility rebuild or a move to a new site. A case study on the deployment, produced with Lenovo, can be found here.
The multi-year agreement expands on an earlier customer commitment and includes dedicated high-speed storage and CPUs. Corvex delivered the first portion of the cluster in the first quarter of 2026 and the remaining capacity was delivered in the second and third quarters.
Corvex is funding the expansion through a combination of debt financing, customer pre-payment, and cash on hand. Revenue for the transaction has been recognized throughout the year as portions of the cluster have been delivered, with full run-rate revenue starting midway through the current quarter.
"AI builders shouldn't have to choose between cutting-edge infrastructure and rapid deployment. They need both," said Seth Demsey, Co-Founder and Co-Chief Executive Officer of Corvex, Inc. "Standing up liquid-cooled Blackwell capacity inside an air-cooled facility in roughly two weeks is an engineering accomplishment. We are continuously optimizing our processes to accelerate time-to-value in order to help customers adhere to their timelines and meet demand, which the industry is struggling with. Corvex is delivering secure, high-performance GPU infrastructure delivered on commercially competitive terms."
About Corvex, Inc.
Corvex, Inc. (Nasdaq: MOVE) is an AI cloud computing company specializing in GPU-accelerated infrastructure for AI workloads. The company provides secure, scalable and cost-efficient compute resources through GPU-accelerated clusters, high-throughput storage and layered architecture engineered for reliability, performance and efficiency at scale. Corvex's product suite includes AI Factories and GPU Clusters, Confidential Computing, as well as the Corvex Token Factory, an inference platform currently in development. For more information, visit corvex.ai.
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based upon current expectations or beliefs, as well as assumptions about future events. Forward-looking statements include all statements that are not historical facts and can generally be identified by terms such as "could," "estimate," "expect," "intend," "may," "plan," "potentially," or "will" or similar expressions and the negatives of those terms. These statements include, but are not limited to, statements relating to product capabilities, customer deployment, business strategy, growth plans and objectives for future operations. Actual results could differ materially from those expressed in or implied by the forward-looking statements due to a number of risks and uncertainties, including the risks and uncertainties described in the Company's SEC reports, and under the heading "Risk Factors" in its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which are available at www.sec.gov and in other filings the Company makes and will make with the SEC. The forward-looking statements contained herein speak only as of the date of this press release. Except as required by law, the Company does not undertake any obligation to update or revise its forward-looking statements to reflect events or circumstances after the date of this press release.
Media Contact
Chris Donahoe, Stillpoint
[email protected]
