Track market-moving stories before they get noisy

IonQ shares (NYSE: IONQ) rose 4.1% to $42.42 on Wednesday morning as investors weighed the company's planned deployment of its Superion 256 system at NVIDIA's Accelerated Quantum Research Center. The system will connect IonQ's full-stack quantum system directly to NVIDIA's AI infrastructure, linking the Superion 256 with an NVIDIA GB200 NVL72 system through the company's NVQLink technology.

River Wealth Advisors LLC grew its position in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 3.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 224,298 shares of the computer hardware maker’s stock after purchasing an additional 6,519 shares during the quarter. NVIDIA makes up about 3.8% of River Wealth Advisors LLC’s holdings, making the stock its 5th largest position. River Wealth Advisors LLC’s holdings in NVIDIA were worth $44,880,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LightSquare Wealth Management LLC increased its position in NVIDIA by 0.3% during the second quarter. LightSquare Wealth Management LLC now owns 18,695 shares of the computer hardware maker’s stock worth $3,741,000 after buying an additional 49 shares during the period. Defender Capital LLC. boosted its holdings in shares of NVIDIA by 0.7% in the second quarter. Defender Capital LLC. now owns 7,534 shares of the computer hardware maker’s stock valued at $1,507,000 after acquiring an additional 50 shares during the period. Kooman & Associates grew its position in shares of NVIDIA by 0.6% during the second quarter. Kooman & Associates now owns 8,464 shares of the computer hardware maker’s stock worth $1,694,000 after acquiring an additional 50 shares during the last quarter. Roof Eidam Maycock Peralta LLC increased its holdings in shares of NVIDIA by 0.3% in the 2nd quarter. Roof Eidam Maycock Peralta LLC now owns 18,827 shares of the computer hardware maker’s stock valued at $3,767,000 after acquiring an additional 50 shares during the period. Finally, Persium Advisors LLC increased its holdings in shares of NVIDIA by 3.5% in the 2nd quarter. Persium Advisors LLC now owns 1,466 shares of the computer hardware maker’s stock valued at $293,000 after acquiring an additional 50 shares during the period. Institutional investors and hedge funds own 65.27% of the company’s stock.

NVIDIA Trading Up 0.7% Shares of NVDA opened at $228.87 on Wednesday. The firm’s 50-day moving average is $215.47 and its two-hundred day moving average is $205.09. NVIDIA Corporation has a twelve month low of $164.27 and a twelve month high of $236.54. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $5.52 trillion, a P/E ratio of 28.93, a PEG ratio of 1.76 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, topping the consensus estimate of $2.09 by $0.13. The business had revenue of $96.22 billion for the quarter, compared to analyst estimates of $92.27 billion. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%.The company’s quarterly revenue was up 105.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.05 EPS. On average, research analysts predict that NVIDIA Corporation will post 9.25 earnings per share for the current fiscal year. NVIDIA Dividend Announcement The company also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, September 10th. NVIDIA’s payout ratio is 12.64%.

Trending Headlines about NVIDIA Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: CEO Jensen Huang pushed back against AI “doomsday” scenarios and argued that existing laws are sufficient, helping ease concerns that overly restrictive regulation could slow AI deployment. Nvidia’s Jensen Huang rejects AI doomsday fears Positive Sentiment: Analysts and financial commentators continue to highlight NVIDIA’s earnings momentum, broad AI hardware and networking portfolio, and projected long-term demand. Zacks restored the stock to a Rank #1 “Strong Buy,” while another report cited potential upside from positive earnings revisions. Bull of the Day: NVIDIA Corp. Positive Sentiment: Potentially improved access to China is a major catalyst. NVIDIA’s latest forecast reportedly assumes no data-center compute sales to China, leaving upside if the upcoming Trump-Xi discussions lead to licenses or expanded chip shipments. Nvidia’s forecast assumes no data center chip sales to China Positive Sentiment: New ecosystem initiatives reinforce NVIDIA’s expansion beyond GPUs. QAD | Redzone plans to integrate NVIDIA technology into manufacturing intelligence, while NVIDIA’s reported roughly $12.9 billion Hugging Face acquisition would add a major developer, model and dataset ecosystem. QAD Redzone Accelerates Manufacturing Intelligence with NVIDIA Neutral Sentiment: Investors are increasingly focused on AI infrastructure bottlenecks such as high-bandwidth memory, optical networking, power and cooling. Rising component costs could pressure NVIDIA’s margins, but may also validate demand and strengthen the position of critical suppliers such as Micron, Coherent and Lumentum. NVIDIA just named AI’s next bottleneck Negative Sentiment: AMD’s rapid advance is intensifying competitive pressure. Large OpenAI and Oracle commitments, rising data-center revenue and potential pricing power suggest hyperscalers are diversifying away from a single accelerator supplier. AMD chips away at NVIDIA’s AI throne Negative Sentiment: Other reports warn that higher interest rates, concentrated AI revenue, expensive infrastructure financing and persistent bubble concerns could weigh on NVIDIA’s richly valued shares. NVIDIA also missed the strongest portion of a Meta-driven chip rally, underscoring lingering growth expectations. Analyst Upgrades and Downgrades A number of research analysts have commented on the stock. HSBC lifted their price objective on shares of NVIDIA from $360.00 to $365.00 in a research note on Thursday, August 27th. KeyCorp reissued an “overweight” rating and issued a $330.00 target price on shares of NVIDIA in a report on Monday, August 24th. Citigroup restated a “buy” rating and issued a $315.00 target price (up from $300.00) on shares of NVIDIA in a research note on Thursday, August 27th. Evercore set a $465.00 price target on shares of NVIDIA and gave the stock an “outperform” rating in a research note on Thursday, August 27th. Finally, Raymond James Financial set a $515.00 price objective on shares of NVIDIA and gave the company a “strong-buy” rating in a research report on Thursday, August 27th. Three research analysts have rated the stock with a Strong Buy rating, fifty have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, NVIDIA currently has an average rating of “Buy” and a consensus price target of $324.34.

Get Our Latest Report on NVIDIA

Insider Transactions at NVIDIA In other NVIDIA news, Director Mark A. Stevens sold 622,239 shares of NVIDIA stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $231.62, for a total transaction of $144,122,997.18. Following the completion of the transaction, the director owned 2,336,531 shares in the company, valued at approximately $541,187,310.22. The trade was a 21.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Colette Kress sold 34,918 shares of the company’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the completion of the sale, the chief financial officer directly owned 765,103 shares in the company, valued at $167,595,812.15. This trade represents a 4.36% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,735,658 shares of company stock valued at $392,663,865 in the last 90 days. 3.94% of the stock is currently owned by insiders.

About NVIDIA (Free Report)

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processors and related software. Its products are used for artificial intelligence, machine learning, high-performance computing, computer graphics, data-center applications and other workloads that benefit from parallel processing.

The company’s offerings include GeForce graphics processing units (GPUs) and software for gaming and personal computers; data-center GPUs, systems and networking products; and professional visualization solutions for design, engineering, media and scientific applications.

Featured Stories Five stocks we like better than NVIDIA Meta’s Muse Highlights Arm’s Growing Role in AI Infrastructure Oura’s $15.6 Billion IPO Is Betting Investors See More Than a Smart Ring AMD Chips Away at NVIDIA’s AI Throne Is the Fed Playing Chess With Rates—Or Just Behind the Curve Again? 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.

Principal Financial Group Inc. decreased its stake in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 3.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,405,664 shares of the computer hardware maker’s stock after selling 1,192,149 shares during the period. NVIDIA accounts for 3.8% of Principal Financial Group Inc.’s investment portfolio, making the stock its biggest position. Principal Financial Group Inc. owned approximately 0.16% of NVIDIA worth $7,684,592,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Hilton Capital Management LLC lifted its stake in shares of NVIDIA by 61.6% during the 2nd quarter. Hilton Capital Management LLC now owns 219,766 shares of the computer hardware maker’s stock worth $43,973,000 after purchasing an additional 83,736 shares during the period. Meridian Management Co. grew its position in shares of NVIDIA by 27.4% in the second quarter. Meridian Management Co. now owns 25,044 shares of the computer hardware maker’s stock valued at $5,011,000 after purchasing an additional 5,383 shares during the period. Mindset Wealth Management LLC increased its stake in NVIDIA by 25.2% in the second quarter. Mindset Wealth Management LLC now owns 1,184,129 shares of the computer hardware maker’s stock valued at $236,932,000 after purchasing an additional 238,146 shares during the last quarter. REAP Financial Group LLC increased its stake in NVIDIA by 21.1% in the second quarter. REAP Financial Group LLC now owns 8,926 shares of the computer hardware maker’s stock valued at $1,786,000 after purchasing an additional 1,554 shares during the last quarter. Finally, Journey Advisory Group LLC lifted its position in NVIDIA by 18.1% during the second quarter. Journey Advisory Group LLC now owns 90,065 shares of the computer hardware maker’s stock worth $18,021,000 after buying an additional 13,773 shares during the period. 65.27% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth NVDA has been the subject of several recent analyst reports. DA Davidson restated a “buy” rating and issued a $300.00 price target on shares of NVIDIA in a report on Thursday, August 27th. Oppenheimer set a $315.00 price objective on shares of NVIDIA and gave the stock an “outperform” rating in a report on Thursday, August 27th. DZ Bank reissued a “buy” rating on shares of NVIDIA in a research report on Wednesday, August 26th. Jefferies Financial Group restated a “buy” rating on shares of NVIDIA in a report on Wednesday, August 26th. Finally, Evercore set a $465.00 price target on shares of NVIDIA and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Three research analysts have rated the stock with a Strong Buy rating, fifty have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, NVIDIA presently has a consensus rating of “Buy” and a consensus price target of $324.34.

View Our Latest Stock Report on NVIDIA NVIDIA News Summary Here are the key news stories impacting NVIDIA this week:

Positive Sentiment: CEO Jensen Huang pushed back against AI “doomsday” scenarios and argued that existing laws are sufficient, helping ease concerns that overly restrictive regulation could slow AI deployment. Nvidia’s Jensen Huang rejects AI doomsday fears Positive Sentiment: Analysts and financial commentators continue to highlight NVIDIA’s earnings momentum, broad AI hardware and networking portfolio, and projected long-term demand. Zacks restored the stock to a Rank #1 “Strong Buy,” while another report cited potential upside from positive earnings revisions. Bull of the Day: NVIDIA Corp. Positive Sentiment: Potentially improved access to China is a major catalyst. NVIDIA’s latest forecast reportedly assumes no data-center compute sales to China, leaving upside if the upcoming Trump-Xi discussions lead to licenses or expanded chip shipments. Nvidia’s forecast assumes no data center chip sales to China Positive Sentiment: New ecosystem initiatives reinforce NVIDIA’s expansion beyond GPUs. QAD | Redzone plans to integrate NVIDIA technology into manufacturing intelligence, while NVIDIA’s reported roughly $12.9 billion Hugging Face acquisition would add a major developer, model and dataset ecosystem. QAD Redzone Accelerates Manufacturing Intelligence with NVIDIA Neutral Sentiment: Investors are increasingly focused on AI infrastructure bottlenecks such as high-bandwidth memory, optical networking, power and cooling. Rising component costs could pressure NVIDIA’s margins, but may also validate demand and strengthen the position of critical suppliers such as Micron, Coherent and Lumentum. NVIDIA just named AI’s next bottleneck Negative Sentiment: AMD’s rapid advance is intensifying competitive pressure. Large OpenAI and Oracle commitments, rising data-center revenue and potential pricing power suggest hyperscalers are diversifying away from a single accelerator supplier. AMD chips away at NVIDIA’s AI throne Negative Sentiment: Other reports warn that higher interest rates, concentrated AI revenue, expensive infrastructure financing and persistent bubble concerns could weigh on NVIDIA’s richly valued shares. NVIDIA also missed the strongest portion of a Meta-driven chip rally, underscoring lingering growth expectations. Insider Buying and Selling at NVIDIA In other news, CFO Colette Kress sold 34,918 shares of the stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $219.05, for a total value of $7,648,787.90. Following the completion of the sale, the chief financial officer owned 765,103 shares in the company, valued at approximately $167,595,812.15. This trade represents a 4.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Timothy S. Teter sold 30,000 shares of the firm’s stock in a transaction dated Monday, August 31st. The shares were sold at an average price of $217.88, for a total value of $6,536,400.00. Following the sale, the executive vice president owned 2,687,660 shares in the company, valued at approximately $585,587,360.80. The trade was a 1.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,735,658 shares of company stock valued at $392,663,865 over the last three months. 3.94% of the stock is owned by company insiders.

NVIDIA Price Performance NVDA opened at $228.87 on Wednesday. The company has a quick ratio of 3.85, a current ratio of 4.59 and a debt-to-equity ratio of 0.14. NVIDIA Corporation has a 52-week low of $164.27 and a 52-week high of $236.54. The company has a 50 day moving average of $215.47 and a two-hundred day moving average of $205.09. The company has a market cap of $5.52 trillion, a P/E ratio of 28.93, a P/E/G ratio of 1.76 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.13. The business had revenue of $96.22 billion for the quarter, compared to the consensus estimate of $92.27 billion. NVIDIA had a net margin of 63.66% and a return on equity of 96.04%. The business’s revenue for the quarter was up 105.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.05 EPS. On average, analysts expect that NVIDIA Corporation will post 9.25 earnings per share for the current year.

NVIDIA Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Thursday, September 10th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.4%. The ex-dividend date is Thursday, September 10th. NVIDIA’s dividend payout ratio is currently 12.64%.

NVIDIA Profile (Free Report)

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processors and related software. Its products are used for artificial intelligence, machine learning, high-performance computing, computer graphics, data-center applications and other workloads that benefit from parallel processing.

The company’s offerings include GeForce graphics processing units (GPUs) and software for gaming and personal computers; data-center GPUs, systems and networking products; and professional visualization solutions for design, engineering, media and scientific applications.

See Also Five stocks we like better than NVIDIA Meta’s Muse Highlights Arm’s Growing Role in AI Infrastructure Oura’s $15.6 Billion IPO Is Betting Investors See More Than a Smart Ring AMD Chips Away at NVIDIA’s AI Throne Is the Fed Playing Chess With Rates—Or Just Behind the Curve Again? 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.

SYM FINANCIAL Corp lowered its stake in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 13.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,493 shares of the computer hardware maker’s stock after selling 8,502 shares during the quarter. NVIDIA accounts for 0.9% of SYM FINANCIAL Corp’s investment portfolio, making the stock its 11th largest holding. SYM FINANCIAL Corp’s holdings in NVIDIA were worth $11,304,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of America Corp DE raised its holdings in shares of NVIDIA by 2.1% in the first quarter. Bank of America Corp DE now owns 191,200,989 shares of the computer hardware maker’s stock valued at $33,345,453,000 after purchasing an additional 4,019,505 shares during the last quarter. Invesco Ltd. lifted its position in shares of NVIDIA by 0.3% during the fourth quarter. Invesco Ltd. now owns 143,239,504 shares of the computer hardware maker’s stock valued at $26,714,167,000 after purchasing an additional 446,178 shares in the last quarter. J. Stern & Co. LLP boosted its holdings in NVIDIA by 13,709.1% during the fourth quarter. J. Stern & Co. LLP now owns 125,760,307 shares of the computer hardware maker’s stock worth $23,454,297,000 after purchasing an additional 124,849,603 shares during the last quarter. Amundi grew its position in NVIDIA by 10.4% in the 1st quarter. Amundi now owns 133,768,018 shares of the computer hardware maker’s stock worth $23,329,141,000 after purchasing an additional 12,575,177 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in NVIDIA by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 94,521,253 shares of the computer hardware maker’s stock worth $16,479,126,000 after purchasing an additional 555,221 shares in the last quarter. 65.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In Several equities analysts have commented on NVDA shares. Rothschild & Co Redburn lifted their target price on shares of NVIDIA from $300.00 to $325.00 in a research report on Thursday, August 27th. Wall Street Zen raised NVIDIA from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 29th. Truist Financial increased their price target on NVIDIA from $307.00 to $346.00 and gave the company a “buy” rating in a research report on Thursday, August 27th. Needham & Company LLC reiterated a “buy” rating and set a $300.00 price target on shares of NVIDIA in a report on Friday, September 4th. Finally, William Blair reissued an “outperform” rating on shares of NVIDIA in a research report on Tuesday, June 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, fifty have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $324.34.

Check Out Our Latest Report on NVIDIA Insider Transactions at NVIDIA In related news, EVP Timothy S. Teter sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $217.88, for a total value of $6,536,400.00. Following the completion of the transaction, the executive vice president directly owned 2,687,660 shares of the company’s stock, valued at approximately $585,587,360.80. This trade represents a 1.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Colette Kress sold 34,918 shares of NVIDIA stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $219.05, for a total transaction of $7,648,787.90. Following the completion of the transaction, the chief financial officer owned 765,103 shares of the company’s stock, valued at $167,595,812.15. This represents a 4.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,735,658 shares of company stock worth $392,663,865 over the last quarter. Corporate insiders own 3.94% of the company’s stock.

NVIDIA Price Performance Shares of NASDAQ NVDA opened at $228.87 on Wednesday. The company has a current ratio of 4.59, a quick ratio of 3.85 and a debt-to-equity ratio of 0.14. The stock has a fifty day simple moving average of $215.47 and a two-hundred day simple moving average of $205.09. NVIDIA Corporation has a 1-year low of $164.27 and a 1-year high of $236.54. The firm has a market cap of $5.52 trillion, a price-to-earnings ratio of 28.93, a price-to-earnings-growth ratio of 1.76 and a beta of 2.22.

NVIDIA (NASDAQ:NVDA – Get Free Report) last posted its quarterly earnings results on Wednesday, August 26th. The computer hardware maker reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.09 by $0.13. NVIDIA had a return on equity of 96.04% and a net margin of 63.66%.The company had revenue of $96.22 billion during the quarter, compared to the consensus estimate of $92.27 billion. During the same quarter in the prior year, the company earned $1.05 EPS. The firm’s quarterly revenue was up 105.9% compared to the same quarter last year. Analysts anticipate that NVIDIA Corporation will post 9.25 earnings per share for the current year.

NVIDIA Dividend Announcement The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Thursday, September 10th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Thursday, September 10th. NVIDIA’s dividend payout ratio (DPR) is currently 12.64%.

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

Positive Sentiment: CEO Jensen Huang pushed back against AI “doomsday” scenarios and argued that existing laws are sufficient, helping ease concerns that overly restrictive regulation could slow AI deployment. Nvidia’s Jensen Huang rejects AI doomsday fears Positive Sentiment: Analysts and financial commentators continue to highlight NVIDIA’s earnings momentum, broad AI hardware and networking portfolio, and projected long-term demand. Zacks restored the stock to a Rank #1 “Strong Buy,” while another report cited potential upside from positive earnings revisions. Bull of the Day: NVIDIA Corp. Positive Sentiment: Potentially improved access to China is a major catalyst. NVIDIA’s latest forecast reportedly assumes no data-center compute sales to China, leaving upside if the upcoming Trump-Xi discussions lead to licenses or expanded chip shipments. Nvidia’s forecast assumes no data center chip sales to China Positive Sentiment: New ecosystem initiatives reinforce NVIDIA’s expansion beyond GPUs. QAD | Redzone plans to integrate NVIDIA technology into manufacturing intelligence, while NVIDIA’s reported roughly $12.9 billion Hugging Face acquisition would add a major developer, model and dataset ecosystem. QAD Redzone Accelerates Manufacturing Intelligence with NVIDIA Neutral Sentiment: Investors are increasingly focused on AI infrastructure bottlenecks such as high-bandwidth memory, optical networking, power and cooling. Rising component costs could pressure NVIDIA’s margins, but may also validate demand and strengthen the position of critical suppliers such as Micron, Coherent and Lumentum. NVIDIA just named AI’s next bottleneck Negative Sentiment: AMD’s rapid advance is intensifying competitive pressure. Large OpenAI and Oracle commitments, rising data-center revenue and potential pricing power suggest hyperscalers are diversifying away from a single accelerator supplier. AMD chips away at NVIDIA’s AI throne Negative Sentiment: Other reports warn that higher interest rates, concentrated AI revenue, expensive infrastructure financing and persistent bubble concerns could weigh on NVIDIA’s richly valued shares. NVIDIA also missed the strongest portion of a Meta-driven chip rally, underscoring lingering growth expectations. NVIDIA Company Profile (Free Report)

NVIDIA Corporation is a technology company that designs accelerated computing platforms, graphics processors and related software. Its products are used for artificial intelligence, machine learning, high-performance computing, computer graphics, data-center applications and other workloads that benefit from parallel processing.

The company’s offerings include GeForce graphics processing units (GPUs) and software for gaming and personal computers; data-center GPUs, systems and networking products; and professional visualization solutions for design, engineering, media and scientific applications.

See Also Five stocks we like better than NVIDIA Meta’s Muse Highlights Arm’s Growing Role in AI Infrastructure Oura’s $15.6 Billion IPO Is Betting Investors See More Than a Smart Ring AMD Chips Away at NVIDIA’s AI Throne Is the Fed Playing Chess With Rates—Or Just Behind the Curve Again? 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.

Assuming you're an adult currently living in the United States, there's a 58% chance you own stocks, one way or another. That's the number from the most recent Gallup poll asking Americans about the matter, anyway. In April of this year, 58% of you said you hold mutual funds and/or individual stocks, down slightly from the previous April's figure of 62%.

It's not too tough to figure out why the number's shrinking, either. Many of the market's must-have artificial intelligence (AI) technology stocks aren't quite as promising now. And inflation has forced at least a few consumers to spend more on groceries and gasoline, leaving less money available for investment.

This is all cyclical, of course -- except I've got a funny feeling the downcycle of stock ownership led by technology stocks is going to continue to draw a few more people out of the stock market between now and 2030 before it reverses course again.

Image source: Getty Images.

3 reasons a few of you will file out of equities soon Don't panic. I'm not saying these people are making the right call, nor am I suggesting that stocks are doomed for the foreseeable future. I'm simply saying that reality is unavoidable. And the reality right now is, at least a few more of the 156 million Americans who currently hold equities will be out of the market by 2030, pulling the number down to something on the order of 147 million (accounting for continued population growth of less than 1%) for a trio of reasons.

1. AI technology stocks could struggle to continue performing as well as they have of late One of these reasons is the obvious one -- the influx of new investors who specifically wanted to capitalize on the AI revolution. J.P. Morgan analysts reported that ordinary retail investors poured roughly $300 billion in new cash into the stock market last year, up more than 50% from 2024's tally, and eclipsing 2021's peak of $270 billion. Almost six out of every 10 investors currently hold at least one stock that's linked to the AI industry, too, with Gen Z and millennials -- a wide swath of the market's newcomers -- owning a measurably higher proportion.

And who could blame them? These stocks were soaring amid AI mania.

Now that mania is cooling off. Not only are many of these once-hot AI stocks now lagging -- shares of Nvidia (NVDA +0.66%) and Alphabet (GOOG -0.99%) (GOOGL -1.07%) haven't budged since May -- the crowd's becoming legitimately worried that all the planned spending on AI infrastructure isn't going to be able to pay for itself.

2. Margin calls will shell-shock some overconfident investors right out of the market, and for a while It's also worth noting that as of August, margin balances -- money borrowed from brokerage firms for their clients to buy more stock -- have soared to a record-breaking $1.4 trillion.

FINRA Margin Debt data by YCharts

This, in and of itself, doesn't inherently mean a huge number of people are going to get out of the stock market altogether. As someone who was in the industry back in 2007 and even all the way back in the 1990s, I'd say this sort of unquestionable confidence can and eventually does come back to haunt investors, and particularly newcomers who don't fully appreciate just how devastating an ill-timed margin call can be. Such a reckoning will run a bunch of investors off for a while, and at this point, I think that reckoning is inevitably going to materialize sooner rather than later.

3. Better risk-versus-reward propositions Perhaps more than anything, though, I believe the number of U.S. residents exposed to the stock market will ease back to a multiyear low of 54% -- last seen in 2017, on the way up from 2016's figure of 52% -- largely because many investors recognize the broad market's valuation problem at this time and for the likely foreseeable future. By some inflation-adjusted measures, the S&P 500 (^GSPC +0.00%) is now nearly valued at a three-decade high, which is part of the reason both Vanguard and J.P. Morgan expect the S&P 500 to only earn a subpar average annualized return of between 6% and 7% for the next 10-plus years.

These investors aren't simply giving up on growing their money, though. They're just likely to find more promising prospects, perhaps like private investments, real estate, cryptocurrency, and others.

Seen it before, much like this Again, none of this is to suggest a post-AI-boom lull, likely to be led by technology stocks, will be catastrophic (if one materializes at all). There's always a chance that the proliferation of AI could keep these stocks moving or rekindle those that recently stagnated.

The market's and investors' behavior is pretty predictable, even if it's not precisely so. This debt-driven boom has produced a great deal of fear of missing out, as we saw in 1999 and 2007. Interest rates are rising to combat inflation, as we also saw in those same pre-pullback years. This time around might be an exception. Even if we don't suffer a full-blown recession or bear market, the stage is certainly set for the lingering underperformance that Vanguard and J.P. Morgan anticipate for the foreseeable future.

So I'll say it again -- with the AI trades that have been setting the tone and the pace for so many other corners of the market now losing their luster, I think the ripple effect of this cooling is going to dial back the nation's participation in the stock market from 58% of its residents now to 54% by 2030, when only about 147 million American adults, versus 156 million at this time, will still own stocks and/or stock mutual funds.

Rigetti Computing Inc. (NASDAQ:RGTI) shares are trading higher Wednesday in sympathy with IonQ Inc. (NYSE:IONQ) after that company announced it will bring the first quantum processor to NVIDIA Corporation (NASDAQ:NVDA)‘s Accelerated Quantum Research Center.

Supermicro's DCBBS now supports all critical computing infrastructure to speed time-to-online for NVIDIA Vera Rubin NVL72 deployments Full liquid-cooling stack optimized for the NVIDIA Vera Rubin platform, from cold plates to CDUs, to cooling towers From a power envelope to an operational cluster: DCBBS Blueprints define a balanced bill-of-materials from 5 MW to gigawatt scale, with 1,152 GPUs and 331 TB of HBM4 per Scalable Unit One accountable team across site survey, project design, integration, L11 and L12 testing, on-site deployment, and ongoing support , /PRNewswire/ -- Super Micro Computer, Inc. (NASDAQ: SMCI), an AI, Enterprise, Storage, and 5G/Edge IT Total Solution Provider, is now shipping NVIDIA Vera Rubin NVL72 racks integrated with Supermicro's Data Center Building Block Solutions® (DCBBS) and its direct liquid cooling stack (DLC-2).

DCBBS for NVIDIA Vera Rubin NVL72 "We have spent years building the liquid-cooling stack, the manufacturing capacity, and the deployment teams for exactly this moment," said Charles Liang, president and CEO, Supermicro. "Our customers can now order a Scalable Unit and receive production-ready systems with end-to-end integration, because we design and build every layer between the cold plate and the cooling tower. Our development of DLC-2 technology is what sets Supermicro apart and allows us to deliver the most complete solution for the NVIDIA Vera Rubin platform."

Learn more about Supermicro's NVIDIA Vera Rubin NVL72 racks.

The NVIDIA Vera Rubin platform was designed in conjunction with direct liquid cooling technology to deliver AI-throughput-per-watt at efficiency levels unachievable with air cooling alone. With far greater AI operations per second comes a greater heat load: heat must be moved through the full fluid distribution loop, from the cold plates through manifolds, to the cooling tower. Supermicro tests and validates every rack with the full liquid cooling stack, speeding up time-to-online when deployed.

Supermicro's path-to-production spans from the mechanical engineering of individual system nodes, the large-scale manufacturing of liquid-cooled racks, to the full onsite deployment of clusters based on NVIDIA reference architecture. Supermicro's DCBBS provides unmatched thermal expertise and a comprehensive in-house portfolio of liquid cooling components. Cold plates, manifolds, hose kits, rack power shelves, in-row cooling distribution units (CDUs), in-rack CDUs, Liquid-to-Air sidecar CDUs, rear door heat exchangers, and facility-side cooling towers all come from the same portfolio.

Supermicro's DCBBS Solutions for NVIDIA Vera Rubin NVL72 include:

NVIDIA Vera Rubin NVL72 racks. 72 NVIDIA Rubin GPUs and 36 NVIDIA Vera CPUs in a single liquid-cooled rack operating as one machine; Eighteen 1U compute trays, each with four Rubin GPUs and two Vera CPUs, connect through nine sixth-generation NVIDIA NVLink switch trays delivering 216 TB/s of scale-up bandwidth; Each rack provides 20.7 TB of HBM4 memory and up to 54 TB of LPDDR5X Supermicro in-row cooling distribution units, rated at 1.8MW per CDU, deployed with N+1 redundancy Optional Supermicro Rear Door Heat Exchangers ensure capture of residual heat load Networking integration and cabling services based on NVIDIA Reference Architecture, including the AI compute fabric, converged fabric, and out-of-band management cabling To ease deployment of NVIDIA Vera Rubin NVL72 racks, Supermicro's DCBBS Blueprint defines a balanced bill-of-materials for a given power envelope, from 5 MW to gigawatt scale. The DCBBS Blueprint based on one Vera Rubin NVL72 Scalable Unit provides 1,152 NVIDIA Rubin GPUs with 331 TB of HBM4 memory across 16 compute racks, with balanced cooling capacity, power delivery, high-performance storage, context memory storage, and networking. A Supermicro team manages the project across site survey, design, integration, testing, delivery, deployment, and ongoing support.

Explore here to learn how DCBBS can help build and scale your next-generation AI infrastructure.

About Super Micro Computer, Inc. 

Supermicro (NASDAQ: SMCI) is a global leader in Application-Optimized Total IT Solutions. Founded and operating in San Jose, California, Supermicro is committed to delivering first-to-market innovation for Enterprise, Cloud, AI, and 5G Telco/Edge IT Infrastructure. We are a Total IT Solutions provider with server, AI, storage, IoT, switch systems, software, and support services. Supermicro's motherboard, power, and chassis design expertise further enables our development and production, enabling next-generation innovation from cloud to edge for our global customers. Our products are designed and manufactured in-house (in the US, Taiwan, and the Netherlands), leveraging global operations for scale and efficiency and optimized to improve TCO and reduce environmental impact (Green Computing). The award-winning portfolio of Server Building Block Solutions® allows customers to optimize for their exact workload and application by selecting from a broad family of systems built from our flexible and reusable building blocks that support a comprehensive set of form factors, processors, memory, GPUs, storage, networking, power, and cooling solutions (air-conditioned, free air cooling or liquid cooling). 

Supermicro, Server Building Block Solutions, and We Keep IT Green are trademarks and/or registered trademarks of Super Micro Computer, Inc. 

All other brands, names, and trademarks are the property of their respective owners. 

SOURCE Super Micro Computer, Inc.

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There may be no better company to represent the AI boom than Nvidia (NVDA +0.66%). Its graphics processing units (GPUs) are the backbone of artificial intelligence data centers, and in just three years, the company's market cap has skyrocketed by 445% to $5.5 trillion, making it the most valuable company in the world.

What continues to impress many investors is that Nvidia isn't done growing yet. In its fiscal 2027 second-quarter report, Management forecast that in fiscal 2028, its sales will rise by 70%, thanks to continued demand for AI chips.

But what's really interesting is that Nvidia leadership said it could double its sales in fiscal 2028 if it were able to overcome the constraints on the supply of commodities needed to produce its hardware.

In short, demand for Nvidia's chips is far outpacing the company's own forecast sales grown. Here's what's happening and why it's good news for Nvidia investors.

Image source: The Motley Fool.

Why GPU demand continues to accelerate On Nvidia's second-quarter fiscal 2027 earnings call, Nvidia CFO Colette Kress said:

Incredibly, we are seeing demand acceleration even at our scale. Customer forecasts point to our growth doubling next year. However, as I mentioned earlier, we expect to grow approximately 70% as we are supply-constrained.

Kress is absolutely right. This level of sales growth is incredible for a $5.5 trillion company. To put it in perspective, Apple's market cap is just under $5 trillion, and its revenue growth was 16% in the third quarter to $109 billion. Still impressive for its size, but nowhere near Nvidia's growth.

There are a handful of reasons why demand for artificial intelligence processors remains high, the first of which is that agentic AI is replacing human-generated prompts as the main driver of workload growth. In short, AI is doing more tasks on its own, and that's driving computing needs much higher.

Nvidia CEO Jensen Huang said on the earnings call that "the amount of compute necessary is just extraordinary" because AI agents use between 15 and 100 times as much compute as would be required with a human guiding the work. All of this is combining to boost demand for Nvidia's GPUs.

Huang's not the only one projecting far more spending on AI infrastructure. S&P Global recently forecast that tech companies will spend an estimated $1.3 trillion on AI next year.

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Why this is good for Nvidia stock Sometimes it can be a problem when a company can't meet its customers' demand. But in this case, it's not so much of a problem because the entire tech industry -- including nearly all hardware makers -- is struggling to keep up.

For example, Micron Technology's memory chips are having a significant problem, with demand far outpacing supply. That's led to skyrocketing memory prices, higher margins for Micron, and global supply constraints.

The big picture for Nvidia investors is that agentic AI could drive GPU demand much higher than it is now and will likely continue to boost Nvidia's sales for years to come. As Huang noted on the call:

Today, the vast majority of AI is prompted by people. I believe that this last month, it has crossed. Most AI are now agentic. But in the future, every company will have a whole bunch of agents.

Nvidia says it's working to increase supply to meet customer demand. If it succeeds, it could double its sales in fiscal 2028. But even if it doesn't, Nvidia appears to be on the cusp of another surge in processor demand that could last for years.

Given that it's already seemingly so worn-out, it's difficult to believe the term was only coined three years ago. But that is indeed the case. It was only in 2023 that Bank of America analyst Michael Hartnett first referred to Apple (AAPL +0.23%), Amazon (AMZN -1.34%), Alphabet (GOOG -0.99%)(GOOGL -1.07%), Meta Platforms (META -0.63%), Microsoft (MSFT -0.72%), Nvidia (NVDA +0.66%), and Tesla (TSLA +0.96%) as the "Magnificent Seven," based on their market-leading performances coming out of the COVID-19 pandemic. It's, of course, a nod back to the 1960 film (and 2016's remake) of the same name.

As the old adage goes, though, nothing lasts forever. While all seven of these stocks certainly still have bullish potential, I think only four of them still truly deserve to be called "magnificent." The other three? Not so much. Here's why.

Not so magnificent anymore Don't misread the message. Again, these aren't necessarily stocks I think you need to make a point of avoiding. They may even perform brilliantly again at some point in their foreseeable future.

The conditions and situations that were driving them higher just a few years ago, however (namely the advent of artificial intelligence and the stimulus-driven recovery from the pandemic slump), just aren't in place now to the degree they were then. Here's what happened.

1. Amazon While miserable for most other businesses, the coronavirus pandemic was a perfect bullish storm for e-commerce giant Amazon. Not only was its online shopping platform already well established with proven capacity, but by the time ChatGPT's November 2022 launch set off an artificial intelligence arms race, Amazon's long-established -- and market-leading -- cloud computing business, Amazon Web Services, was also ready to meet exploding demand for remote machine-learning platforms.

Image source: Getty Images.

Nothing draws out competition like opportunity, though, and the advent of AI is no exception. While Amazon Web Services is still the world's leading cloud computing platform service provider at 28% (according to Synergy Research Group), it's been steadily losing market share to Alphabet and Microsoft since 2022's 34% peak. While the cloud market itself is still growing briskly enough to support Amazon's second-quarter cloud growth rate of 37%, the fact that it's underperforming its top rivals suggests this business is vulnerable if and when the global artificial intelligence industry finally runs into a headwind.

Meanwhile, Amazon's Q2 product sales growth of nearly 14% is impressive, but also a clear slowdown from recent growth rates. If only due to the sheer difficulty of adding to its already enormous size -- numbers from Statista indicate it already handles 40% of online shopping in the United States -- the company's e-commerce arm's highest-growth phase is almost certainly in the rearview mirror.

The fact that the market already sees and is pricing in this concern speaks volumes about Amazon's waning magnificence, too. Specifically, AMZN shares have lagged the S&P 500 (^GSPC +0.00%) for the past year, as well as for the past five years.

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Take the hint.

2. Microsoft Software giant Microsoft was already in a bit of trouble before now. Although, like most other technology stocks at the time, it rallied during the wind-down of the pandemic, it's been hit-and-miss since 2024. Not only is the company's flagship Windows operating system still losing out to consumers' abandonment of personal computers in favor of smaller mobile devices, but data from Synergy Research Group indicates that the growth of Microsoft's share of the global cloud computing market has stagnated at 20%.

It's not all bad, to be clear. I'll remind you that Microsoft reported a record-breaking quarterly revenue (now annualized at $100 billion) for the three months ending in June, mostly thanks to 43% year-over-year growth from its artificial intelligence business operating under the umbrella of its cloud computing platform, Azure. The company also issued AI-related guidance calling for growth of around 45% for the quarter ending this month. All of it has contributed to the stock's bounce since late July.

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Just recognize that the vast majority of this bullishness and the expected growth driving it is based on bold assumptions that its cloud computing backlog (remaining performance obligations) of $678 billion is rooted in artificial intelligence demand that may or may not come through as expected. It's also rooted in the assumption that Microsoft will be able to meet these obligations profitably, which is anything but guaranteed, given the current price of memory chips, not to mention the rising cost of the electricity needed to power its data centers. Never even mind the fact that -- according to numbers from Statcounter -- Microsoft's AI assistant, Copilot, is losing market share to ChatGPT and Google's Gemini.

Connect the dots. Microsoft's hold on many of its core profit centers is tenuous.

3. Tesla Last but not least, having made no net progress since late 2021, I would argue that shares of electric vehicle maker Tesla are no longer deserving of their spot on the Magnificent Seven's roster.

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It's probably one of the market's more surprising major stumbles of late. Not only did Tesla prove that the EV business it would end up leading for a while could be profitable, but, coming out of the COVID-19 pandemic, it also appeared that electric vehicles would become mainstream. As of 2023, the International Energy Agency was predicting that 35% of worldwide automobile sales would be electric vehicles by 2030, and that number has edged a bit higher in the meantime.

As it turns out, however, it's not a business that Tesla is going to dominate after all. Although it's still leading the lackluster U.S. electric vehicle market, overseas, it's been lapped by China's BYD, which delivered 557,090 battery-electric vehicles in Q2 versus Tesla's 480,126. BYD is doing particularly well in Europe, too, where neither company has a home-field advantage. Indeed, every car that BYD currently sells in Europe is manufactured in China, and shipped using one of its eight owned car-carrying, ocean-faring boats (with 10 more on the way). It's an important perspective simply because much of TSLA stock's premium valuation has hinged on the company's continued dominance of the electric vehicle market.

But Tesla's moving into the AI-empowered humanoid robotics space, which CEO and founder Elon Musk says could be the "biggest product of all time."

It's an interesting direction to be sure. Just don't lose perspective on the opportunity, or forget that Musk has something of a penchant for overstating the scope of opportunities, or how quickly Tesla can turn them into tangible revenue. An outlook from Barclays suggests the humanoid robot market is only going to be worth about $200 billion by 2035, and even Musk himself concedes that China's working on lots of compelling competing alternatives.

With Tesla facing so much uncertainty now and for the foreseeable future, I understand why most investors are steering clear.

RBC's top equity strategist just named a price level that should make every S&P 500 investor uncomfortable, and she said it while defending a target most bulls would celebrate. The two positions are not contradictory, but reconciling them changes everything…

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RBC Capital Markets’ head of U.S. equity strategy, Lori Calvasina, laid out a twelve-month S&P 500 target of 8150 on CNBC’s Fast Money, then told viewers the market likely has to chew through a stretch of “indigestion” that could take the index down toward 7000 before it gets there. If you own SPDR S&P 500 ETF Trust (NYSEARCA:SPY) at its September 21 close of 773.51, that is a message about the shape of the ride.

The two claims reconcile if you treat a drawdown as a feature of Fed-cycle equity markets rather than a signal to sell. Calvasina said she is not trying to alarm anyone, and the historical drawdown evidence inside her framework is the load-bearing part of the case. Test it against the growth backdrop and the places the framework can break.

What the 8150 Call Actually Contains The target is a twelve-month rolling figure built from five different models, ranging from roughly 8043 at the low end to around 8350 at the high end, with 8150 as the median.

Her valuation and earnings model is the least constructive. It takes consensus earnings for the second quarter of 2027 on a trailing four-quarter basis and laps 10% off the top because sell-side forecasts historically run hot.

The PE side uses three variables: 10-year yields, the Fed, and CPI. She plugs in 3% CPI, two additional hikes, and a 10-year yield of 4.75%, all of which compress the multiple. Even under those inputs, the model still points to 8043, which is why 8150 is defensible rather than aggressive.

The pullback band toward 7000 is where the “indigestion” label lives. That is a firm forecast.

Why the Fed-Cycle Drawdown History Carries the Argument Calvasina anchors the pullback expectation in what past Fed hiking cycles have delivered in interim equity drawdowns, using that base rate to argue a garden-variety correction is the neutral expectation.

That framing changes how the 7000 print reads. It becomes a probabilistic mid-cycle event you underwrite in advance, which is why a strategist can name it and still keep a target 15%-plus higher on the table (riding a market near highs while planning the exit is the whole subject of our free bubble survivor’s handbook).

What the Growth Backdrop Has to Deliver Real GDP growth ran at 1.5% annualized in the second quarter of 2026, below the 2% to 3% healthy trend range, after decelerating from 4.4% in the third quarter of 2025.

Core PCE sits at 130.658 as of July 2026, the high of the trailing-year series, and the Fed just moved the target rate back up to 4.00% on September 21 from 3.75%.

SPY’s exposure is heavily tilted to long-duration mega-cap growth: NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) at 7.58%, Apple (NASDAQ:AAPL) at 6.66%, and Microsoft (NASDAQ:MSFT) at 4.91% lead the fund. Higher discount rates hit those cash flows first, the mechanical channel through which a 7000 print could arrive.

Where the Framework Can Break The 10Y-2Y spread narrowed to 0.20% on September 21, the low of the trailing year and down from 0.50% on August 20. A move through zero would reprice recession risk faster than any strategist model can update.

The VIX at 14.81 on September 18 sits below the 15 threshold for complacency, so options are not pricing the pullback she is warning about. That does not disprove the call; it means the entry into “indigestion” would be sharp if it comes.

The bull case is that Calvasina’s most conservative model still lands at 8043, leaving upside from current levels. SPY has returned 13.43% year to date and 16.55% over the past year against the same tightening backdrop.

The bear case is that growth and yields are deteriorating in the wrong direction. GDP is decelerating, core PCE is at its trailing-year high, the 10-year is above the model’s assumption, and the curve is flattening toward inversion.

The deciding variable is whether second-quarter 2027 earnings growth survives the 10% haircut already applied. If consensus holds, 8150 has real support; if it does not, the 7000 pullback stops being garden variety.

For an index investor, the practical takeaway is that Calvasina’s numbers describe a market where the trough-to-target range is wide enough that timing matters more than direction.

Contact [email protected] for any questions or corrections.

Nvidia Corp (NASDAQ:NVDA) used to be a stock-market trade. Now, the same company can show up as a traditional equity, a tokenized stock and even a crypto-adjacent leveraged trade — sometimes for the same investor, on the same screen. CoinMarketCap’s data suggests the bigger story may be the trading rails connecting these markets.

Nvidia Leaves the Stock Market"The trending board is a real-time attention index for global retail," Alice Liu, Head of Research at CoinMarketCap, told Benzinga in an email. "Right now, it is telling us retail has stopped distinguishing between the ticker and the rail."

CoinMarketCap’s trending board recently featured tokenized Nvidia alongside a tokenized Nasdaq-100 ETF, tokenized Space Exploration Technologies Corp. (NASDAQ:SPCX), Apple Inc. (NASDAQ:AAPL), Micron Technology, Inc. (NASDAQ:MU), Microsoft Corp (NASDAQ:MSFT) and Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG).

Roughly one in four of the top 76 trending assets was a tokenized equity, Liu said. As of Sept. 10, the tokenized-stocks category on CoinMarketCap included 1,851 instruments with a combined market capitalization of about $2.3 billion and roughly $2 billion in daily trading volume — a market that barely existed 18 months earlier.

The striking part is not that Nvidia can be tokenized. The striking part is that the token can sit beside crypto-native assets on the same trading interface.

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Same Screen, Different TradeLiu described the shift as a convergence happening at the "distribution layer, not the asset layer."

A tokenized Nvidia product can track Nvidia closely. CoinMarketCap’s NVDAX was roughly flat over the month covered by the interview, broadly matching the underlying stock.

But the surrounding crypto market can behave very differently.

CoinMarketCap’s data showed tokenized stocks turning over roughly 89% of their market capitalization daily, compared with about 12% for meme tokens, 16% for AI tokens and less than 2% for Bitcoin. Equity perpetuals have also expanded rapidly, accounting for about half of Hyperliquid’s perpetual volume versus roughly 2% at the start of the year.

That creates a new market structure where an investor can move between traditional Nvidia exposure and crypto-style products without necessarily changing screens.

The Appeal is Partly StructuralTokenized equities can trade 24/7, support fractional ownership and move across borders. Perpetual venues can also offer leverage that is unavailable through conventional cash equity markets.

Yet the scale remains tiny compared with Nvidia itself. Tokenized stocks have about $2.3 billion in market capitalization versus Nvidia’s roughly $5.4 trillion equity value.

That makes tokenization an access layer, not a replacement for the stock market.

For investors, the more consequential development may be what happens when traditional equities, crypto and derivatives increasingly share the same distribution infrastructure. Nvidia is simply one of the clearest examples of a market where the ticker may stay the same while the rail underneath it keeps changing.

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Photo Courtesy: Sudarsan Thobias on Shutterstock.com

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Every AI doom headline that crosses my feed makes me want to buy more Nvidia, not less, and the company's own numbers explain exactly why the fear and the fundamentals are pointing in opposite directions.

I bought more NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) shares last week, and I will probably buy more this week. AI doom chatter fills every feed I open. My cost basis keeps climbing anyway, because the numbers coming out of this company describe a business that has become the electrical grid of a new computing era, and I want to own as much of that grid as I can before retirement.

Compute Is Revenue, and the Revenue Is Compounding Q2 fiscal 2027 landed with revenue of $96.22B, up 105.85% year over year, clearing consensus by 4.51%. Non-GAAP EPS came in at 2.22 against a 2.0887 estimate, the fifth consecutive beat. Data Center alone printed $89.02B, up 117%, with Networking inside it up 138%. Management guides Q3 to $108.0B plus or minus 2%, and that guide excludes any China Data Center compute.

The margin structure is the second reason my finger keeps hovering over the buy. Net margin sits at 55.60%, ROE at 101.5%, ROIC at 92.2%. Debt-to-equity is 0.073 with interest coverage of 503x. This is a fortress that prints cash: $21.34B of free cash flow in one quarter and $96.58B across fiscal 2026. Management returned approximately $26.0 billion to shareholders in Q2 through buybacks and the $0.25 dividend, with $99B still authorized.

Why Not AMD or Broadcom The reflex alternatives are Advanced Micro Devices (NASDAQ:AMD) and Broadcom (NASDAQ:AVGO). I pass on both every time. NVIDIA generated $89.02B in Data Center revenue in a single quarter. On the August 26 call, management said NVIDIA is “the only platform that runs every frontier model” and that competing custom XPUs are “often inference-specific and tied to one cloud or service”. AMD ships credible GPUs. AVGO ships credible custom silicon. The full-stack AI factory platform that turns hyperscaler capex into a repeat purchase order lives at NVIDIA, and CUDA is the software moat around it.

Risk I Actually Lose Sleep Over Supply commitments ballooned to $279B, mostly memory tied to Vera Rubin. Guarantee obligations sit at $108.5B for AI cloud partners. DSO stretched from 45 to 60 days on extended payment terms for large investment-grade customers. If AI capex slows, NVIDIA is on the hook for a mountain of memory and an aging receivables book. Management calls the compute “fungible and durable”, redeployable to other customers. That is the bet I am accepting.

What keeps me pressing buy: capex from the top five hyperscalers is guided to “nearly 800 billion in 2026” and “1.3 trillion in 2027”, cloud backlog is “greater than 2 trillion”, and NVIDIA has supply for only about 70% of stated demand, a constraint expected to persist through fiscal 2028. All of that spend has to be powered, cooled, and networked by somebody, and we pulled seven of those non-chip beneficiaries into a free report. AI venture funding reached $400 billion in the first half of 2026, with roughly 70% flowing to compute. Analysts have raised the FY2028 EPS average from 12.6737 ninety days ago to 15.6826, with 42 upward revisions and 0 downward revisions in the trailing 30 days.

Forward Conviction NVIDIA trades at a P/E of 46 on trailing earnings, which sounds rich until you register that net income grew 125.9% year over year, management sees revenue growing “approximately 70% in fiscal 2028”, and the balance sheet is effectively net cash. This is the rare position where fundamentals compound faster than the multiple can expand, and I want more of it every month my paycheck clears.

Contact [email protected] for any questions or corrections.

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A curious dynamic is happening in shares of Nvidia ahead of two potential catalysts this month, and it's presenting an unique opportunity for options traders. As shares of the AI giant have surged, the stock's forward multiple, a measure of how expensive it is relative to the market, has fallen as the chip maker continues to rake in money.

Also falling? The price of Nvidia options. 

 Nvidia shares have rallied 24% in 2026, rising five straight sessions with the stock sitting just 3.5% below its all-time closing high of $235.74 back in May. However, several potential catalysts in the days ahead may reverse or accelerate Nvidia's trajectory from here. According to CNBC, Nvidia CEO Jensen Huang is expected to attend a state dinner for Chinese President Xi Jinping when he travels to Washington to meet with President Trump this Thursday. AI is expected to be a main topic of discussion when Xi meets with Trump. Then September 30, the following week, Micron is expected to report fiscal Q4 earnings, a barometer for AI memory demand that may have ripple effects on Nvidia.

Nvidia, YTD

Despite these potential catalysts and Monday's volatility among prominent chip names, Nvidia's option prices are unusually cheap. Nvidia's implied volatility, derived from current options prices, is sitting near its lowest level of the past year. That basically means the market isn't pricing in much movement over the coming weeks, and options prices are lower to reflect that. For options traders anticipating a large move in Nvidia, either because of Nvidia-specific catalysts or near-term shifts in the semiconductor sector, those options can now be traded at a discount relative to the past year.

Trade: Buying the Oct 16 210/220 put spread and the Oct 16 235/245 call spread, for a total debit of roughly $4.86

This is a reverse iron condor, a directionally neutral strategy structured to profit from a large move in Nvidia in either direction before October 16th. The core bet is in buying the 220 put and the 235 call, the two strikes closest to Nvidia's current price, which are relatively cheap given Nvidia's low implied volatility. Selling the 210 put and 245 call, each 10 points further from the money, generates a credit that partially finances the trade. This lowers the cost of the trade and increases the position's theoretical probability of profit to ~56%. The max loss of the position is $486, hit if Nvidia remains between $220 and $235 and the long legs expire worthless. The max gain is $514 on either side, realized if Nvidia closes at or beyond $210 on the downside or $245 on the upside. Breakevens sit at $215.14 and $239.86, meaning Nvidia needs roughly a 5% to 6% move from current levels by October 16th for the trade to turn a profit.

The semiconductor sector has a proven, recent history of moving fast. This was on display Monday, when AMD surged more than 9% to cross a $1 trillion market cap and Intel and Arm each jumped double digits on renewed enthusiasm for AI chip demand. With cheap options, a stock sitting near its highs, and multiple catalysts still ahead, this setup is an example of how to use options for positioning into anticipated volatility.

As with any defined risk options spread, consider closing this position out before expiration rather than holding into settlement to avoid potential assignment risk.

Disclosures: Spina owns this trade.

All opinions expressed by CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, or its parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. This content is provided as part of our editorial output for informational purposes only and does not constitute financial, investment, tax or legal advice or a recommendation to buy any security or other financial asset. The content is general in nature and does not reflect any individual's unique personal circumstances. The above content might not be suitable for your particular circumstances. Before making any financial decisions, you should strongly consider seeking advice from your own financial or investment advisor.

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Nvidia (NVDA - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Shares of this maker of graphics chips for gaming and artificial intelligence have returned +9.1% over the past month versus the Zacks S&P 500 composite's +1.3% change. The Zacks Semiconductor - General industry, to which Nvidia belongs, has gained 8% over this period. Now the key question is: Where could the stock be headed in the near term?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Revisions to Earnings EstimatesRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.

For the current quarter, Nvidia is expected to post earnings of $2.47 per share, indicating a change of +90% from the year-ago quarter. The Zacks Consensus Estimate has changed +5.8% over the last 30 days.

For the current fiscal year, the consensus earnings estimate of $9.25 points to a change of +93.9% from the prior year. Over the last 30 days, this estimate has changed +5.1%.

For the next fiscal year, the consensus earnings estimate of $15.33 indicates a change of +65.8% from what Nvidia is expected to report a year ago. Over the past month, the estimate has changed +21.8%.

Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Nvidia is rated Zacks Rank #1 (Strong Buy).

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS

Projected Revenue GrowthWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

For Nvidia, the consensus sales estimate for the current quarter of $109.02 billion indicates a year-over-year change of +91.2%. For the current and next fiscal years, $406.05 billion and $671.95 billion estimates indicate +88% and +65.5% changes, respectively.

Last Reported Results and Surprise HistoryNvidia reported revenues of $96.22 billion in the last reported quarter, representing a year-over-year change of +105.9%. EPS of $2.22 for the same period compares with $1.05 a year ago.

Compared to the Zacks Consensus Estimate of $91.8 billion, the reported revenues represent a surprise of +4.82%. The EPS surprise was +6.22%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.

ValuationNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.

The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an A is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Nvidia is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

ConclusionThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Nvidia. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term.

For the first time, our proprietary valuation model and Wall Street analysts are pointing at the same stock and the same direction, but the reasons behind that rare consensus reveal something bigger brewing inside Nvidia's next hardware cycle.

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Our proprietary valuation model has converged with Wall Street analyst consensus on NVIDIA (NASDAQ: NVDA | NVDA Price Prediction). After upward revisions following the Vera Rubin ramp, our 24/7 Wall St. price target sits within striking distance of the sell-side consensus, and both point to meaningful upside from current levels.

Our 24/7 Wall St. price target for NVIDIA is $310.20 over the next 12 months, versus a current quote of $227.50. That implies 39.56% upside with a buy rating at 90% model confidence. The Wall Street consensus target of $327.70 sits modestly higher.

24/7 Wall St. Price Target Summary Metric Value Current Price $227.50 24/7 Wall St. Price Target $310.20 Upside 39.56% Recommendation BUY Confidence Level 90% Vera Rubin Puts Nvidia Back in Front NVDA has climbed 4.22% in the past week and 22.27% year to date.

Q2 FY2027 (reported August 26, 2026) delivered non-GAAP EPS of $2.22 versus $2.0887 estimate on revenue of $96.22 billion, up 105.85% year over year. Data Center revenue reached $89.02 billion, up 117%. Q3 guidance calls for revenue of $108 billion, plus or minus 2%.

Why Bulls See a Breakout Ahead CEO Jensen Huang said management expects fiscal 2028 revenue to grow by approximately 70%, framed as supply constrained. Revenue opportunity per gigawatt rises from roughly $18 billion on Hopper to $25 billion on Blackwell to $40 billion on Vera Rubin.

Cloud industry backlog exceeds $2 trillion, with top-five hyperscaler capex tracking to nearly $800 billion in 2026 and $1.3 trillion in 2027. Fiscal 2028 EPS consensus has been revised from $12.8206 30 days ago to $15.6826, with 42 upward revisions and zero downward. In our bull case, NVDA reaches $353.54.

What Could Go Wrong Q3 guidance excludes China Data Center compute revenue. Supply commitments have ballooned to $279 billion, largely for Vera Rubin memory. Gross margins are expected to bottom in Q4 in the 71% to 72% range as memory costs rise.

Nvidia has disclosed $108.5 billion of guarantee obligations tied to AI cloud partners. Management argues NVIDIA compute is fungible and can be redeployed if a customer stumbles, and the margin dip is mix-driven while the business scales. Our bear case still assumes NVDA reaches $261.39, up from today.

How Nvidia Compares to AMD and Broadcom Advanced Micro Devices (NASDAQ: AMD) is the most direct AI GPU competitor, with Data Center revenue of $6.72 billion in Q2 2026, up 107%. AMD trades at a trailing P/E near 211, while NVDA’s trailing P/E of 28 looks restrained given its scale and margin profile.

Broadcom (NASDAQ: AVGO) is the closest AI networking and custom ASIC peer. Q3 FY2026 AI semiconductor revenue reached $16.70 billion, up 221%, with Q4 guided to $21.70 billion. AVGO’s forward P/E of 25 and PEG of 0.472 support our $310.20 target as reasonable.

Setup Into Year-End Current levels sit well below our 24/7 Wall St. price target of $310.20, and pullbacks into the $200s have historically tracked China headlines.

Key risks to the thesis would be fiscal 2028 revisions reversing or Q4 gross margins slipping below management’s 71% to 72% floor. Wall Street and our model are aligned on the setup.

Our model projects NVDA could trade at these levels, assuming current growth trajectories and Vera Rubin ramp cadence hold.

Year 24/7 Wall St. Price Target 2026 $242.21 2027 $325.13 2028 $390.40 2029 $489.50 2030 $532.73 Contact [email protected] for any questions or corrections.

Key Takeaways On Aug 26, 2026, NVIDIA beat on earnings for the fifth quarter in a row. NVIDIA's Fiscal 2027 earnings are expected to jump another 93.9% year-over-year. NVIDIA has attractive fundamentals with a forward P/E of 24. NVIDIA Corp. (NVDA - Free Report) is back to being a Zacks Rank #1 (Strong Buy).

Are you in?

NVIDIA is the leading AI and accelerated computing company in the world. It is in the exclusive “trillion-dollar” club. NVIDIA has a market cap of $5.4 trillion.

NVIDIA Beat Again in the Fiscal Second Quarter 2027On Aug 26, 2026, NVIDIA reported its fiscal second quarter 2027 results and beat on the Zacks Consensus by $0.13. Earnings were $2.22 versus the Zacks Consensus Estimate of $2.09.

It was the fifth earnings beat in a row. NVIDIA has only missed on earnings three times in the last five years with two of those in 2022, before the AI Revolution began. That’s an impressive record.

Revenue soared another 106% to $96.2 billion, up from $46.7 billion in Q2 of fiscal 2026. Data center revenue jumped 117% to $89 billion.

Gross margins were 75%.

As usual, NVIDIA’s CEO, Jensen Huang, was bullish.

“AI has reached its inflection point,” said Huang.

“It’s doing useful work. Its tokens are productive and profitable. Now, compute is revenue,” he added.

Analysts Remain Bullish on NVIDIA in F2027 and F2028Despite all the doom and gloom about AI being “over” the earnings estimates on NVIDIA don’t tell that story.

One estimate is higher in just the last week with thirteen estimates higher in the last thirty days, which is the analysts raising estimates after the earnings report.

The fiscal 2027 Zacks Consensus Estimate has jumped to $9.25 from $8.91, which is earnings growth of 93.9% because NVIDIA only made $4.77 last year.

Twelve estimates are also higher for fiscal 2028 with the Zacks Consensus rising to $15.33. That would be further earnings growth of 65.8%.

I have said many times over the years on the Zacks Market Edge Podcast that we will never see this kind of earnings, and sales, growth from a large cap company, over this many years, ever again.

Here’s what it looks like on the price, consensus, and surprise chart.

Image Source: Zacks Investment Research

Shares of NVIDIA are Beating the S&P 500 in 2026NVIDIA has been a hot stock for the last few years but in 2026, it took a break. But that “break” means it is still up 20.4% year-to-date.

And that’s beating the S&P 500.

Image Source: Zacks Investment Research

NVIDIA is attractively priced. No, I’m not calling it “cheap” but valuations are more attractive now than the last few years.

NVIDIA trades with a forward price-to-earnings (P/E) ratio of 24. That’s low for NVIDIA historically.

It also has a price-to-sales (P/S) ratio of 17.7. While that is expensive, even for a growth company, it’s down from the high of 40 in 2023.

Sales are expected to rise 88% in fiscal 2027 and another 65.5% in fiscal 2028.

NVIDIA is also shareholder friendly. It now pays an annual dividend of $1.00 which is yielding 0.5%. It also has a massive share repurchase authorization, which still has $99 billion left as of the end of the fiscal second quarter of 2027.

For years, many have doubted NVIDIA. But it has the coveted Zacks #1 (Strong Buy) rank again.

For investors who were waiting for NVIDIA to get more attractive on a fundamental basis, now is the time. NVIDIA should be on your short list.   

With the Trump-Xi summit approaching, Boeing and NVIDIA both carry massive China exposure but in completely opposite ways, and that difference points to only one name as a genuine binary trade on the outcome.

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Boeing (NYSE: BA | BA Price Prediction) and NVIDIA (NASDAQ: NVDA) both filed quarterly reports ahead of the Trump-Xi summit with heavy China exposure. Boeing awaits aircraft orders Beijing can unlock. NVIDIA already stripped China data center compute from its forward outlook. That gap defines which name is a genuine binary trade into the summit.

Ortberg Steadies the Line, Huang Runs Out of Supply Boeing’s Q2 2026 was a turnaround signal. Revenue hit $24.56B, up 8.0% YoY, deliveries reached 171, the highest quarterly total since 2018, and free cash flow swung to positive $631M. Core EPS still printed a loss of $0.76, missing consensus, and the VC-25B presidential jet took another $280M charge. CEO Kelly Ortberg said “the momentum that we’ve built in the first half of this year is setting us up for more dependable performance”. Backlog now sits at a record $715B.

NVIDIA delivered a different animal. Revenue of $96.22B more than doubled YoY, Data Center revenue reached $89.02B, up 117%, and non-GAAP EPS of $2.22 beat consensus for the fifth straight quarter. Jensen Huang told investors “AI has reached its inflection point” and confirmed Vera Rubin is in full production. The catch: NVIDIA is supply-constrained, guiding fiscal 2028 growth to approximately 70% only because capacity is capped.

One Waits on Beijing, One Already Wrote It Off Lens Boeing NVIDIA China in current guidance Pure upside optionality Explicitly excluded Core bet 737 and 787 delivery ramp Vera Rubin AI infrastructure Key vulnerability Certification, labor, cash burn Memory pricing, circular financing CFO Colette Kress was blunt: “there is no China data center compute revenue in our forward outlook”. Licensed H20 shipments last quarter were less than 1% of Data Center revenue. A summit deal on chip exports is incremental. Boeing’s setup mirrors this. Chinese airlines were historically enormous 737 and 787 customers, and any China orders re-opening would drop straight into a record commercial backlog of more than 6,200 aircraft valued at $597B.

Next Catalyst: What Management Told Us to Watch For Boeing, watch the 737-7 and 737-10 amended type certificates expected in 2026, the move from rate 47 to 52, and Puget Sound union talks where the current contract expires in October. Ortberg conceded rate progress from “52 to 57” will get harder.

For NVIDIA, Vera Rubin is projected at roughly 20% of Q3 Data Center revenue. Q3 revenue guidance is $108B ±2%, and gross margins are expected to bottom at 71% to 72% in Q4 on memory pricing.

Why I Think Boeing Carries the Cleaner Summit Payoff Boeing carries the cleaner summit payoff. NVIDIA is up 22.21% YTD and 29.01% over the past year, and management has already priced China compute at zero. Boeing is down 7.39% YTD. Every incremental China widebody order would be real upside on an already record backlog. If you want asymmetric summit exposure, Boeing is where the payoff table skews. NVIDIA still has more than $2 trillion of cloud industry backlog behind it, but only Boeing is truly binary on Trump and Xi.

Contact [email protected] for any questions or corrections.

SummaryNvidia Corporation maintains a Strong Buy rating, supported by robust revenue guidance and resilient gross margins despite memory cost pressures.October quarter revenue is guided at $108 billion, with a 74% gross margin and a 71% margin floor expected for January, both surpassing critical thresholds.Rubin platform drives a 60% increase in revenue per gigawatt, enabling NVDA to target 70% revenue growth for fiscal 2028, outpacing Wall Street expectations.Potential NVDA risks include $36 billion in guaranteed AI cloud revenue floors, but NVDA's free cash flow and demand-driven shortages underpin continued growth confidence. BING-JHEN HONG/iStock Editorial via Getty Images

In my previous analysis, I argued that Nvidia Corporation’s (NVDA) latest quarter numbers were pretty much settled before the print and that only two things would get me to change my

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of MSFT, GOOGL, AMZN 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.

OpenAI released ChatGPT to the public on Nov. 30, 2022. Suppose that, rather than trying to pick the perfect moment to invest in the artificial intelligence (AI) boom that followed, an investor simply started buying $500 of Nvidia (NVDA +2.30%) stock on the first trading day of every month, beginning the next day, Dec. 1, 2022.

By this month's purchase on Sept. 1, the plan would have made 46 buys and put $23,000 to work. Using split-adjusted closing prices, that money bought about 354 shares. With the stock around $222 as of this writing, the position is worth about $79,000, more than triple the total invested.

Not bad for a habit that never required a single decision about timing. But the way those gains arrived is worth understanding before copying the plan.

Does buying Nvidia this way still make sense from here?

Image source: Nvidia.

The first year did most of the workThe plan's first purchase went through at $17.14 per share. Its cheapest, one month later in early January 2023, cost about $14. Its most expensive, this past June, cost about $224.

That spread explains almost everything about the outcome. The first 12 monthly buys, $6,000 in total, picked up about 214 shares, all at prices below $50 -- 60% of everything the plan ever accumulated. The last 12 buys also put in $6,000, but at prices ranging from about $176 to $224, they added only about 31 shares. That slice of the position is worth about $6,900 today, up about 15%. In other words, the early money did the compounding. And the recent money has barely gotten started.

Across all 46 purchases, the plan's average cost works out to about $65 per share: less than a third of today's price.

Of course, a lump sum would have done far better. The same $23,000 invested all at once on ChatGPT's launch day would be sitting near $290,000 today.

Dollar-cost averaging (spreading purchases out on a schedule) gives up return when a stock mostly rises. It's the price of never having to guess.

A $27 billion year became a $96 billion quarterThe business the plan was buying in late 2022 barely resembles today's. The plan's first two purchases landed inside Nvidia's fiscal 2023, which wrapped up that January -- a year in which the company's revenue totaled about $27 billion, essentially unchanged from the year before.

The AI build-out changed that. During the three months that ended July 26 (Nvidia's fiscal second quarter of 2027), revenue came to $96.2 billion, up 106% year over year and 18% from the quarter before. And management's guidance calls for about $108 billion in the current quarter, another double-digit step up from there. In other words, Nvidia expects to generate four times fiscal 2023's full-year total in a single quarter.

Profits have kept pace. Fiscal second-quarter net income more than doubled from the year-ago period, to $59.7 billion, meaning Nvidia kept about 62 cents of every dollar of revenue as profit.

Growth like that at this scale is extraordinary, and it's the main reason I think the plan's later, pricier buys can still work out.

Still a buy, $500 at a time?After the stock's climb from about $17 to about $222, you might assume shares have become painfully expensive. But by one key measure, they haven't. The stock sells for about 14 times the earnings Nvidia is expected to produce in fiscal 2028, because profits have grown even faster than the share price.

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The risks haven't gone anywhere, though. Nvidia's revenue is concentrated among a limited number of enormous customers, whose spending plans can change. After all, the chip industry has been cyclical for decades. If AI spending takes a breather, the stock could fall hard, as it has a few times since the plan began.

That, arguably, is the strongest case for buying on a schedule. Not only does a schedule remove the guesswork, but it also keeps the money going in through the slides. The buys made during the spring 2025 sell-off, at prices from about $110 to $114, have nearly doubled since, and nobody had to pick the bottom for that to happen.

Would I keep the $500 going out the door each month? I would.

Today's buyer won't get 2022's prices, and the next few years may not repeat them. But shares don't carry the kind of price tag that should scare off a monthly buyer. I'd keep the buys going from here.

Drug developer Iambic Therapeutics, backed by chip giant Nvidia (NVDA.O) and Qatar's sovereign wealth fund, filed for a ​US initial public offering on Monday, bolstering a busy slate ‌of biotech listings in the fall window.

While the fall IPO window has gotten off to a rocky start amid uncertainty surrounding the Iran war, AI-led disruptions, rising ​bond yields and interest rate hikes, analysts say biotech listings ​have remained relatively insulated from such pressures.

Issuance from the sector ⁠this year has been supported by a wave of acquisitions by ​large drugmakers.

Drug developers Retension Pharmaceuticals and TRex Bio also filed for US IPOs ​on Friday, while ADARx Pharmaceuticals launched its roadshow earlier on Monday.

"All five of the year's best-performing IPOs ($50 million deal size and above) are biotechs. Much of that is being ​driven by drug advancement and M&A," said Matt Kennedy, senior strategist ​at Renaissance Capital, a provider of IPO-focused research and ETFs.

Founded in 2019 as Entos, ‌Iambic ⁠is advancing a pipeline of drug candidates developed using its AI platform to treat solid tumors.

Its most advanced candidate, IAM1363, is being developed in an early-stage trial to treat solid tumors such as breast cancer.

Earlier in ​the day, Iambic ​and Drugmaker AbbVie (ABBV.N) ⁠unveiled a multi-year collaboration to accelerate AI-driven discovery of small molecule therapies.

The San Diego, California-based company plans to ​sell new shares in the offering. Since its ​inception, Iambic ⁠has raised roughly $461.8 million from technology- and healthcare-focused investors.

Besides Nvidia and Qatar Investment Authority, Iambic counts investment firms Catalio, Nexus Ventures and Coatue Management ⁠among its ​major backers.

J.P. Morgan, Jefferies, BofA Securities and ​Citigroup are the underwriters for the offering. Iambic aims to list on the Nasdaq under ​the symbol "IAM".

While fellow billionaires rushed to abandon California before a landmark wealth tax snapshot locked in their liability, one of the richest people on earth publicly embraced what could be the largest personal tax bill in state history.

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NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) CEO Jensen Huang has publicly welcomed a potential $8 billion personal tax bill from California’s proposed one-time billionaire wealth tax. The stance contrasts sharply with Larry Page, Sergey Brin, and Peter Thiel, each of whom moved to end California residency before the measure’s residency snapshot took effect.

The tax has not passed. It is a ballot measure, formally Initiative Number 25-0024, that California voters decide on November 3, 2026. All potential liability figures are conditional on that vote.

How the Measure Would Work The initiative is a one-time 5% excise on accumulated wealth above a one billion dollar threshold. Residency is fixed by a snapshot date of January 1, 2026. Net worth is valued at year-end and the tax comes due in 2027, payable over five years. Roughly 200 to 250 individuals with combined net worth around one trillion dollars would be affected.

Leaving is difficult. The measure includes substantial-presence tests catching anyone present in California for at least 31 days in a year and 183 days over a three-year weighted average.

Who Left Before the Snapshot Bloomberg reported that at least six billionaires publicly cut ties with California before the cutoff, including Page, Brin, Thiel, Don Hankey, Travis Kalanick, and Steven Spielberg.

Larry Page purchased two Coconut Grove waterfront mansions in Miami for a combined $173 million and converted his family office, Koop, from a California entity to a Delaware corporation with a Florida address. Sergey Brin acquired a $51 million waterfront mansion on Allison Island in Miami and listed Nevada as his official residence. He co-founded opposition PAC Building a Better California, which Fortune reported had raised more than $100 million as of August 2026, and told the New York Times, “I fled socialism with my family in 1979 and know the devastating, oppressive society it created in the Soviet Union.” Peter Thiel shifted his family investment firm’s operations from California to Miami in late December 2025. Huang’s Pitch: A Privilege and a Responsibility In a CBS News interview, Huang said “The fact that I can afford to pay $8 billion in taxes over five years is a privilege. I feel it’s a privilege. It’s a responsibility.” He added, “I’m not afraid of paying taxes. I’m just afraid of being poor.”, according to Nvidia

The $184 billion estimate of Huang’s fortune, and the $8 billion figure he cited, move with the price of NVIDIA stock and are estimates rather than fixed amounts. NVIDIA’s most recent earnings report and capital return details are available in the company’s Q2 FY2027 SEC filing for readers wanting the underlying business context.

Economics Both Sides Are Fighting Over Hoover Institution scholars conducted a person-by-person analysis of California’s billionaire base and found that nearly 30% of the tax base had already departed before the initiative qualified for the ballot, per the research document. That represented $536 billion in wealth, led by the Google and Meta cohorts, and reduced projected one-time revenue from $100 billion to approximately $40 billion. Accounting for permanently lost future income tax payments, the Hoover study estimates net present value at negative $24.7 billion. The document also attributes an estimated $26.7 billion revenue reduction to the loss of Page and Brin alone.

The research flags a structural quirk using DoorDash (NASDAQ:DASH) co-founder Tony Xu, who holds 57.6% of the company’s voting rights while owning only 2.6% of the equity. Applied to the company’s $2.41 billion valuation, that produces a bill of $2.62 billion, more than the value of the shares Xu actually owns.

Opponents include Governor Gavin Newsom. Proponents argue California billionaires currently pay state income tax equal to roughly 0.2% of total wealth, framing the measure as a corrective.

Contact [email protected] for any questions or corrections.

Apple and NVIDIA keep trading the title of world's most valuable company back and forth, and Jim Cramer has a specific framework for handling both stocks that most investors ignore during the sharpest selloffs.

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Jim Cramer has spent years making a distinction between stocks meant to be traded around short-term swings and companies he believes investors should simply own through them. Apple was one of the names that helped shape that philosophy. NVIDIA eventually joined it.

That does not mean either stock goes straight up, and it certainly does not make valuation irrelevant. What makes the pairing interesting in 2026 is that two very different businesses have ended up competing for the same title: the most valuable publicly traded company in the world. Here is what sits behind Cramer’s “own it, don’t trade it” argument for both.

Cramer’s Rule Is About Surviving the Swings Cramer has repeatedly described both Apple and NVIDIA as “own it, don’t trade it” stocks. The basic argument is not that investors should ignore fundamentals or valuation. It is that trying to jump in and out of a high-quality long-term winner every time the stock drops can mean missing the recovery that follows.

Apple was the earlier example. In 2026, Cramer has continued using the same framework for NVIDIA, even during sharp selloffs. His point is that conviction in the underlying business matters more than trying to perfectly time every pullback.

Apple and NVIDIA Keep Trading the Market-Cap Crown The two companies have spent 2026 jockeying near the top of the global market-cap rankings. Apple overtook NVIDIA earlier in July and briefly crossed a $5 trillion valuation for the first time on July 28.

The order has since flipped again. At the September 18 close, NVIDIA was worth roughly $5.37 trillion, compared with about $4.90 trillion for Apple. That lead can change quickly when companies this large move even a few percentage points, so the more useful comparison is what is driving those valuations in the first place.

NVIDIA Has Become the Infrastructure Play Behind AI NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) has moved far beyond its roots as a graphics-chip company. Its modern growth story is overwhelmingly tied to accelerated computing, artificial intelligence, networking, and the enormous data centers NVIDIA describes as AI factories.

The scale is what makes the company unusual. NVIDIA is not just selling individual chips. It increasingly sells complete computing systems, networking technology, software, and an ecosystem built around its CUDA platform.

NVIDIA’s Latest Quarter Was Much Bigger Than the Draft Suggested NVIDIA’s latest reported quarter is Q2 of fiscal 2027, not Q1. Revenue reached $96.221 billion for the quarter ended July 26, 2026, up 106% from the same period a year earlier and 18% sequentially.

GAAP diluted earnings per share reached $2.46, while non-GAAP EPS came in at $2.22. Both GAAP and non-GAAP gross margin were 75.0%.

For comparison, NVIDIA had reported $81.615 billion in Q1 fiscal 2027 revenue. The company added roughly $14.6 billion of quarterly revenue in just one quarter.

Data Center Is Still Doing Most of the Heavy Lifting NVIDIA’s Data Center business generated $89.0 billion in Q2 fiscal 2027, up 117% from a year earlier and 18% from the previous quarter. That means Data Center accounted for more than 92% of total company revenue during the quarter.

The growth was driven by Blackwell Ultra infrastructure and demand from hyperscalers, AI-native companies, enterprises, sovereign customers, and cloud providers. It also builds on the $75.246 billion in Data Center revenue NVIDIA reported just one quarter earlier.

Blackwell remains the company’s primary shipping architecture, while NVIDIA said its next-generation Vera Rubin systems began production shipments during the third quarter of fiscal 2027.

NVIDIA’s board approved an additional $80 billion in share-repurchase authorization on May 18, 2026. By the end of Q2, approximately $99.3 billion remained available under its repurchase program.

The company repurchased $19.7 billion of stock during Q2 alone. It also increased its quarterly dividend from $0.01 to $0.25 per share in May. Altogether, NVIDIA said it returned approximately $26 billion to shareholders through repurchases and dividends during the quarter.

That capital return does not drive the AI story, but it does show just how much cash the business is producing even while NVIDIA continues committing enormous sums to future supply and infrastructure.

NVIDIA’s $279 Billion Supply Bet Cuts Both Ways One number in the original thesis has changed dramatically. NVIDIA’s supply and capacity commitments stood at $119 billion after Q1. By July 26, they had surged to $279 billion, primarily tied to memory and manufacturing capacity needed for current and future data-center systems.

Total future commitments across supply, cloud-service agreements, data-center leases, equity investments, and capital expenditures reached $366 billion.

That is evidence of how aggressively NVIDIA is preparing for future demand, but it should not be confused with a $279 billion customer backlog. These are NVIDIA’s own commitments to suppliers and infrastructure. If AI demand slows, deployment gets delayed, or customers cannot secure enough power and data-center capacity, those commitments can become a financial risk rather than simply a sign of strength.

NVIDIA Is Guiding for Another Record Quarter NVIDIA expects Q3 fiscal 2027 revenue of approximately $108 billion, plus or minus 2%. The company expects both GAAP and non-GAAP gross margin of about 74%, plus or minus half a percentage point.

One detail matters in that guidance: NVIDIA said it is assuming no Data Center compute revenue from China. That leaves China as potential upside if conditions change, but it also underscores how export restrictions remain a real variable in the company’s growth story.

Apple Is the Original “Own It, Don’t Trade It” Example Apple (NASDAQ:AAPL) is a very different business from NVIDIA. Its strength comes from a huge consumer-device ecosystem, recurring Services revenue, enormous cash generation, and an installed base that keeps customers inside the company’s hardware and software universe.

That durability is why Apple became the template Cramer later applied to NVIDIA. The stock can go through ugly stretches, but his argument has been that selling a best-in-class company during temporary weakness can be more damaging than simply riding through it.

Apple’s Latest Quarter Set Another Revenue Record Apple’s latest reported quarter is Q3 fiscal 2026, which ended June 27. Revenue reached $109.417 billion, up 16% from $94.036 billion a year earlier.

Diluted earnings per share reached $2.02, up 29% year over year. Apple also posted a 50.1% companywide gross margin, although the company noted that tariff refunds provided a favorable impact of roughly two percentage points during the quarter.

The quarter set June-quarter records for total company revenue and EPS, giving Apple another strong result even as investors continue debating how quickly the company can turn its AI strategy into another major growth engine.

iPhone and Services Remain the Core of Apple’s Machine iPhone revenue reached $54.252 billion in Q3, up 22% year over year and setting a June-quarter record. Services revenue climbed 12% to $30.739 billion, also setting a June-quarter record.

Mac revenue rose 29% to $10.352 billion. Wearables, Home and Accessories increased 6% to $7.883 billion, while iPad revenue slipped 6% to $6.191 billion.

Apple also said its installed base of active devices reached another all-time high across every major product category and geographic segment. The company did not provide a new precise device count in its Q3 earnings release, so the more defensible takeaway is that the installed base is still expanding rather than attaching an outdated number to it.

Apple’s Capital-Return Machine Is Still Running Apple’s board authorized another $100 billion share-repurchase program on April 30, 2026. The company also raised its quarterly dividend 4%, from $0.26 to $0.27 per share.

As of June 27, Apple still had approximately $138 billion available across its existing repurchase authorizations. That gives the company enormous flexibility to continue shrinking its share count while also funding dividends, research, product development, and acquisitions.

What Could Break the NVIDIA Thesis? The obvious risk is that investors are paying for extraordinary growth to continue. NVIDIA is exposed to the pace of AI capital spending, export controls, custom silicon from large cloud companies, competition from AMD and other chipmakers, and the physical limitations of building enough data centers, electrical infrastructure, and power generation to deploy all that computing capacity.

NVIDIA itself warns that customers could postpone new systems because infrastructure is not ready, capital is unavailable, or new architectures are adopted more slowly than expected. The company is also committing enormous sums to future supply before every dollar of future demand is guaranteed.

That does not invalidate the growth story. It is simply why “own it, don’t trade it” should not be mistaken for “nothing can go wrong.”

What Could Break the Apple Thesis? Apple faces a different set of risks. Its iPhone business is enormous, which means maintaining double-digit growth gets harder as the base gets larger. Services is increasingly important, but that business faces regulatory scrutiny around the App Store and platform rules in multiple markets.

Investors are also assigning Apple a premium valuation while waiting to see how successfully it turns artificial intelligence into another reason for customers to upgrade hardware and stay inside the ecosystem.

That makes execution around new products, AI features, Services growth, and the next iPhone cycle especially important. Apple’s existing ecosystem gives it an enormous base to work from, but a large installed base is not the same thing as guaranteed future growth.

What Investors Should Watch Next For NVIDIA, the next test is whether the company can convert its enormous infrastructure commitments into another step higher in revenue while keeping gross margin near the mid-70% range. Management’s $108 billion Q3 revenue target gives investors a very high bar to measure against.

For Apple, the questions are more familiar: iPhone demand, Services growth, margins, capital return, and whether new AI and hardware features can produce another upgrade cycle across that massive installed base.

Cramer’s “own it, don’t trade it” framework ultimately rests on patience with companies whose businesses continue to execute even when their stocks temporarily do not. NVIDIA and Apple have both earned that label from him, but they are doing it through very different economic engines. The next few quarters will show whether those engines can keep producing results large enough to support valuations approaching, and at times exceeding, $5 trillion.

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Shares of Nvidia (NVDA - Free Report) have gained 3.5% over the past four weeks to close the last trading session at $222.27, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $325.88 indicates a potential upside of 46.6%.

The mean estimate comprises 49 short-term price targets with a standard deviation of $65.44. While the lowest estimate of $180.00 indicates a 19% decline from the current price level, the most optimistic analyst expects the stock to surge 131.7% to reach $515.00. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.

While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.

But, for NVDA, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.

Price, Consensus and EPS Surprise

Here's What You May Not Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.

While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?

They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.

However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.

That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.

Here's Why There Could be Plenty of Upside Left in NVDAThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For the current year, 13 estimates have moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 5.1%.

Moreover, NVDA currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Therefore, while the consensus price target may not be a reliable indicator of how much NVDA could gain, the direction of price movement it implies does appear to be a good guide.

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