Track market-moving stories before they get noisy

NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) has become the defining name of the AI infrastructure buildout. The question dominating investor inboxes is whether the stock can punch through $300 before year-end. Our answer, based on our proprietary model, is no.

Our 24/7 Wall St. price target for NVIDIA is $258.38, implying 27.4% upside from the current price of $202.81. We rate NVDA a buy with a 90% confidence level.

Metric Value Current Price $202.81 24/7 Wall St. Price Target $258.38 Upside 27.4% Recommendation BUY Confidence Level 90% Why NVDA Cooled Off Into July NVIDIA is up 8.88% year to date and 17.38% over the past year, but shares have slipped 3.86% in the last week and sit 28% below the 52-week high of $236.26.

The pullback follows a blowout Q1 FY27 report: revenue of $81.61 billion beat estimates by 3.16% and grew 85.2% year over year, with Data Center revenue of $75.25 billion up 92%. Management guided Q2 revenue to $91 billion at the midpoint.

Reuters-cited reporting on Google promoting its TPUs and headlines about Japanese firms exploring South Korean NPU alternatives have pressured sentiment, even as Munich Re raised its NVDA position 12.5% and made it their largest holding.

The Case for $268 and Beyond Our bull case lands at $268.52 over the next twelve months, with Wall Street targets clustered around $302.31 and 58 Buy ratings against just 2 Holds and 1 Sell. The Blackwell 300 ramp, the Vera Rubin platform announcement, and multi-generation commitments from Meta, OpenAI (10GW deployment), and CoreWeave (5GW by 2030) frame a Data Center run-rate that could push forward EPS well past $8.26.

Jensen Huang described the AI factory buildout as “the largest infrastructure expansion in human history.” If China DC compute revenue returns and gross margin holds near the 75% guided level, the multiple can expand and $290 becomes reachable.

What Could Go Wrong Our bear case sits at $225.11. Risks include $119 billion in supply commitments, TSMC concentration, export restrictions that keep China DC compute at zero in guidance, and rising custom-silicon threats from Google’s TPUs and hyperscaler in-house chips.

NVDA has beaten earnings five straight quarters yet posted an average day-of reaction of -1.58%, a classic sell-the-news pattern. The recent post-earnings drawdown coincided with broad market weakness, and the $80 billion buyback authorization and dividend hike from $0.01 to $0.25 signal management’s confidence in the through-cycle earnings trajectory.

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How NVIDIA Compares to AMD and Broadcom Advanced Micro Devices (NASDAQ:AMD) is the most direct GPU competitor and just beat with 37.8% YoY revenue growth. AMD trades at a forward P/E of 69 against NVIDIA’s 23, which makes NVDA look cheap on forward earnings despite the mega-cap dampening in our model.

Broadcom (NASDAQ:AVGO) is the closest custom-silicon comp given its hyperscaler ASIC work, and it trades at a forward P/E of 20 with 47.9% quarterly revenue growth.

Company Forward P/E Quarterly Revenue Growth NVIDIA 23 85.2% AMD 69 37.8% Broadcom 20 47.9% NVDA grows fastest, prints the highest margins in the group, and trades at a forward multiple only slightly above Broadcom’s despite roughly double the growth rate.

Buy It Here, Just Not for $300 by December Our 24/7 Wall St. price target of $258.38 with a buy rating and 90% confidence reflects a straightforward view: NVIDIA remains the highest-quality way to own the AI capex cycle, but the math to $300 in six months requires multiple expansion that the market is not underwriting today.

I’d be a buyer here if Q2 FY27 guidance again lands above the $91 billion bar and China DC compute reopens. I’d stay patient if hyperscaler custom-silicon disclosures accelerate this fall.

Looking further ahead, here is where our model projects NVIDIA could trade in the coming years, assuming current growth trajectories and market conditions hold.

Year 24/7 Wall St. Price Target 2026 (year-end) $240 2027 $258 2028 $310 2029 $360 2030 $410 These projections assume NVIDIA continues executing on Blackwell, Vera Rubin, and hyperscaler partnerships. Significant upside or downside could result from a China market reopening, a breakthrough in customer custom silicon, or a broader capex pause across the top five AI buyers.

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Contact [email protected] for any questions or corrections.

Nvidia NVDA stock traded modestly higher on Monday, but investor attention is increasingly shifting toward the upcoming earnings season, where major technology companies are expected to provide fresh updates on artificial intelligence spending.

Shares of the AI chipmaker rose 0.93% to $204.69 on Monday, although the gain trailed the 1.8% advance in the PHLX Semiconductor Index.

Nvidia has underperformed the broader market, with the S&P 500 posting a 9% year-to-date gain against Nvidia's 8% gain.

The stock had declined 2.2% on Friday and narrowly held onto its position as the world's most valuable publicly traded company after Apple briefly overtook it by market capitalization before Nvidia regained the lead.

With Nvidia scheduled to report earnings later in the season, investors are looking to its largest customers for signals on future AI infrastructure spending.

Alphabet is set to kick off earnings for major technology companies on Wednesday, making its results an early indicator of whether hyperscalers remain committed to investing heavily in AI hardware.

AI spending outlook remains the key catalystWall Street continues to view spending plans from large technology companies as the biggest near-term catalyst for Nvidia shares.

Strong commitments to AI infrastructure could reinforce demand for Nvidia's processors, while any signs of slower capital expenditure may increase investor concerns following the recent pullback in semiconductor stocks.

KeyBanc analyst John Vinh acknowledged Nvidia's leadership position but noted that investors remain cautious about several factors affecting sentiment.

“Street sentiment on the name is mixed, while Nvidia is the clear leader in Gen ai, concerns surround delays in Vera Rubin ramp timing and increasing competitive pressures,” Vinh wrote in a research note on Sunday.

Vinh maintained an Overweight rating on Nvidia stock with a $330 price target.

Competition within the AI hardware market also continues to intensify.

Startup Etched, which develops chips designed for AI inference workloads, is reportedly preparing to quadruple its valuation to approximately $20 billion in a new funding round led by existing investor Jane Street, according to a Wall Street Journal report.

Wall Street remains constructive despite sector volatilityDespite recent volatility across semiconductor stocks, several Wall Street firms continue to express confidence in Nvidia's long-term outlook.

Oppenheimer included Nvidia and Lam Research among the largest companies featured in its latest "best of the best" momentum screen.

The firm's proprietary Momentum Overlay scoring system ranks stocks based on risk-adjusted returns over six-, nine-, and 12-month periods while excluding the most recent month.

According to Oppenheimer, companies included in the screen carry Outperform ratings and Buy trend assessments.

Morgan Stanley also described the recent semiconductor selloff as an attractive buying opportunity.

According to a CNBC report, Morgan Stanley analyst Joseph Moore said the firm's preferred AI investments remain compute-focused companies such as Nvidia and Broadcom.

While maintaining its preference for AI compute leaders, Moore also said memory stocks have become increasingly attractive following the recent correction, describing them as a “compelling entry point.”

The upcoming earnings season is expected to provide investors with greater clarity on enterprise AI demand, capital spending plans, and whether Nvidia's largest customers remain committed to expanding their AI infrastructure investments.

Those updates could play a significant role in determining the next direction for Nvidia shares.

The Vanguard Total World Stock ETF (VT +0.36%) provides exposure to global equities including the United States, while the iShares Core MSCI Emerging Markets ETF (IEMG +1.18%) targets exclusively developing economies.

Investors seeking a single-fund solution for global stock exposure often weigh these two instruments. While both cover international markets, the Vanguard fund includes a massive allocation to domestic U.S. giants. In contrast, IEMG specializes in the higher-growth, higher-volatility segment of emerging markets, providing a more targeted geographic bet for diversified portfolios that already have U.S. exposure.

Snapshot (cost & size)MetricIEMGVTIssueriSharesVanguardShare price$78.11 (as of 2026-07-16)$156.13 (as of 2026-07-16)Expense ratio0.09%0.06%1-yr return (as of July 16, 2026)31.7%22.8%Dividend yield2.3%1.6%Beta0.730.92AUM$151.5B$97.0BBeta measures price volatility relative to the S&P 500; beta is calculated from monthly returns over the available fund history (up to five years). The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield.

The Vanguard fund is more affordable for long-term holders with its 0.06% expense ratio. While both ETFs generate income for investors, the iShares fund offers a higher payout, currently yielding 2.3% compared to the 1.6% distribution provided by the Vanguard fund.

Performance & risk comparisonMetricIEMGVTMax drawdown (5 yr)-33.6%-26.4%Growth of $1,000 over 5 years (total return)$1,382$1,675What's insideVanguard Total World Stock ETF tracks thousands of companies across the globe, with its largest sector tilts toward technology at 31%, financial services at 16%, and industrials at 12%. Its largest positions include Nvidia Corp (NVDA +1.19%) at 4%, Apple Inc (AAPL 2.56%) at 3.6%, and Microsoft Corp (MSFT +1.96%) at 2.4%. It holds 10,048 securities in total and was launched in 2008. Vanguard Total World Stock ETF has paid $2.48 per share over the trailing 12 months, which on its recent ~$156.13 share price works out to a 1.6% yield.

iShares Core MSCI Emerging Markets ETF focuses on developing nations with heavy concentration in technology at 44%, financial services at 17%, and consumer cyclical at 8%. Its largest holdings include Taiwan Semiconductor Manufacturing at 13.2%, Samsung Electronics Ltd at 7.2%, and Sk Hynix Inc at 6.7%. It manages 2,659 holdings and was launched in 2012. iShares Core MSCI Emerging Markets ETF has paid $1.80 per share over the trailing 12 months, which on its recent ~$78.11 share price works out to a 2.3% yield.

These are both sizable funds with relatively low expenses.

If you’re looking for a one-stop-shop ETF for your portfolio, then VT, the Vanguard Total World Stock ETF, is the choice. This fund covers the world, as it names suggets, including exposure to the U.S. stock markets. Given that the U.S. is the world’s largest equity market, VT allocates 62% of its portfolio to U.S. stocks. Japan, at 6%, and Taiwan, at about 3.5%, are the next largest countries. Nearly 32% of its portfolio is in developed-world markets outside the U.S., with the balance in emerging markets.

IEMG, the iShares Emerging Markets ETF, by comparison, is 51% developed markets outside the U.S., 1% in the U.S., and 49% in emerging markets. Taiwan is the largest country represented, at 28% of the portfolio, followed by South Korea at 19%, and China at just under 19%. IEMG is actually more heavily invested in large-cap stocks despite its greater weighting in emerging markets, at 82% large caps compared to 75% for VT. That implies IEMG owns the dominant businesses in the emerging markets.

Performance-wise, each fund can claim to be better than the other, depending on what time frame you look at. IEMG has been excelling recently, up 24.4% (to 12% for VT) year-to-date and 42.2% in the past 52 weeks, compared to 24.3% for VT. IEMG is three percentage points better than VT over the 3-year time frame, with 22.6% annualized returns, while VT is better over the 5-year and 10-year look-backs, with 10.9% and 12.8% returns, respectively, compared to IEMG’s respective 7.5% and 10.1% gains.

That makes choosing between IEMG and VT a difficult one. Odds are a U.S. investor already has lots of exposure to domestic equities elsewhere in their portfolio, which means VT would be overweighting American stocks more than one may intend. Go with IEMG to get the rest of the world well represented in your portfolio.

For more guidance on ETF investing, check out the full guide at this link.

News Summary:

NVIDIA Agent Toolkit now includes NVIDIA Omniverse libraries, giving AI agents tools and skills to help software developers integrate physical AI capabilities into their existing applications.New Omniverse libraries for NVIDIA RTX sensor simulation, GPU-accelerated physics simulation and simulation-ready asset validation are openly available on GitHub.SideFX and PTC are integrating Omniverse libraries into 3D applications for physical AI, with support for cloud and local AI systems, from NVIDIA RTX Spark to NVIDIA DGX Station.New NVIDIA blueprint for integrating Omniverse libraries in Blender. LOS ANGELES, July 20, 2026 (GLOBE NEWSWIRE) -- SIGGRAPH -- NVIDIA today announced that NVIDIA Agent Toolkit now includes NVIDIA Omniverse™ libraries — a collection of software components that give AI agents tools and skills to add physical AI capabilities to existing applications and prepare 3D content for simulation.

Robots, factories and autonomous systems need to be designed, tested and trained in simulation before they operate in the real world. Preparing 3D content for simulation takes more than realistic visuals — assets need the right structure, materials, scale, labels, sensors and physical properties. With NVIDIA Omniverse libraries in NVIDIA Agent Toolkit, AI agents have the tools and skills to build workflows, inspect scenes, flag issues and prepare assets, helping developers move faster from 3D content to simulation-ready environments.

“The physical AI era will be built in simulation first,” said Jensen Huang, founder and CEO of NVIDIA. “NVIDIA Agent Toolkit with Omniverse libraries brings AI agents into the 3D tools developers already use, helping build the simulation-ready worlds where robots, factories and autonomous systems are trained and tested long before they reach the real world.”

Software makers including SideFX and PTC are integrating Omniverse libraries for agent-ready sensor simulation, physics and asset validation, helping bring agentic AI into the applications and workflows developers and technical artists already use to prepare 3D content.

Omniverse Libraries Bring Physical AI Skills to NVIDIA Agent Toolkit
NVIDIA Agent Toolkit helps software makers build AI agents that connect tools, skills and data sources. Omniverse libraries extend those agents into 3D and physical AI workflows with callable tools for sensor simulation, GPU-accelerated physics and simulation-ready asset validation inside existing applications.

The new Omniverse libraries — including ovrtx, ovphysx and CAD-to-SimReady skills — are openly available on GitHub, giving AI agents tools to build workflows for inspecting scenes, testing changes and preparing 3D assets for simulation. A new blueprint for integrating Omniverse libraries in Blender is also now available on GitHub.

The libraries’ key capabilities include:

NVIDIA RTX sensor simulation: ovrtx helps applications generate camera, lidar, radar and other sensor outputs from 3D scenes, so developers and AI agents can test how physical AI systems may perceive virtual environments.Physical behavior: ovphysx uses GPU-accelerated physics to bring realistic behavior to 3D scenes using properties such as collisions, mass, friction and motion, so teams can first test how objects and systems interact in simulation.Simulation-ready 3D objects: CAD-to-SimReady skills help convert computer-aided design (CAD) data to SimReady assets built on OpenUSD, giving 3D content the properties needed for physical AI simulation and virtual testing.
Software Makers Build With Omniverse Libraries
Software makers including SideFX and PTC, as well as startups ForgeCAD, Lightwheel, Moonlake AI and Palatial, are among the first to adopt and build with Omniverse libraries, now part of NVIDIA Agent Toolkit.

SideFX is using OpenUSD workflows, as well as ovrtx and ovphysx libraries, to explore how agents can help integrate Omniverse libraries into its Houdini procedural 3D content creation workflows, giving technical artists a path to generate, test physics and prepare content for simulation.

“Procedural 3D creation is essential to building the complex, controllable worlds needed for simulation, robotics and industrial AI,” said Kim Davidson, president and CEO of SideFX. “With NVIDIA Omniverse libraries and OpenUSD, SideFX is exploring how agent-ready tools can support Houdini workflows, helping technical artists review, test and prepare procedural content for simulation while staying in control of the creative process.”

The PTC Onshape CAD and product data management (PDM) platform is using OpenUSD and ovrtx to connect cloud-native design workflows with physical simulation, helping product design content stay connected with CAD, PDM, collaboration and simulation workflows.

“Engineering teams are seeking more connected ways to design, collaborate and simulate throughout the development process,” said Neil Barua, president and CEO of PTC. “PTC’s work with NVIDIA supports that broader vision, while NVIDIA Omniverse libraries help enable simulation-ready workflows that bring validation and testing closer to where products are designed.”

On display at SIGGRAPH, “SimReady” Blender is a sample workflow built in Blender with NVIDIA Omniverse libraries and NVIDIA NemoClaw™, showing how software makers can add agent-ready simulation capabilities — including NVIDIA RTX sensor simulation, physics and validation — into existing 3D applications while keeping creators in control. This is now openly available as a blueprint for integrating Omniverse libraries in Blender.

The demo also previews how these workflows, built with Omniverse libraries as part of NVIDIA Agent Toolkit, can run locally, from compact RTX-powered systems with NVIDIA RTX Spark™ to NVIDIA GB300-powered systems with NVIDIA DGX Station™. RTX Spark systems will be available this fall from ASUS, Dell Technologies, HP, Lenovo, Microsoft Surface and MSI, with models from Acer and GIGABYTE to follow. DGX Station systems are available to order from ASUS, Dell, GIGABYTE, HP, MSI, Supermicro and Exxact.

Startups, including those part of the NVIDIA Inception program, are also using Omniverse libraries and skills to add agent-assisted asset and scene preparation workflows. Palatial is using Omniverse CAD-to-SimReady skills to automate the creation and validation of SimReady assets at scale from CAD inputs. Lightwheel is using Omniverse Content Agents powered by OpenUSD in its SimReadyGen technology to generate physically accurate SimReady assets from text prompts.

ForgeCAD and Moonlake AI are exploring agent-driven 3D content workflows that use Omniverse capabilities to help generate, augment and prepare assets for physical AI simulation.

Watch the NVIDIA keynote at SIGGRAPH. Learn more about NVIDIA Omniverse libraries and explore available samples and documentation.

About NVIDIA
NVIDIA (NASDAQ: NVDA) is the world leader in AI and accelerated computing.

For further information, contact:
Paris Fox
Corporate Communications
NVIDIA Corporation
[email protected]

Certain statements in this press release including, but not limited to, statements as to: expectations with respect to growth, performance, availability, and benefits of NVIDIA’s products, services and technologies, and related trends and drivers; expectations with respect to NVIDIA’s third party arrangements, including with its collaborators and partners; expectations with respect to technology developments, and related trends and drivers; projected market growth and trends; expectations with respect to AI and related industries; and other statements that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic and political conditions; NVIDIA’s reliance on third parties to manufacture, assemble, package and test NVIDIA’s products; the impact of technological development and competition; development of new products and technologies or enhancements to NVIDIA’s existing products and technologies; market acceptance of NVIDIA’s products or NVIDIA’s partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of NVIDIA’s products or technologies when integrated into systems; NVIDIA’s ability to realize the potential benefits of business investments or acquisitions; and changes in applicable laws and regulations, as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

© 2026 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, DGX Station, NemoClaw, Nemotron, NVIDIA Omniverse, NVIDIA RTX and NVIDIA RTX Spark are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability and specifications are subject to change without notice.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1db6fb48-31e7-4ea7-8281-2713208e224e

NVIDIA Launches Omniverse Libraries, Putting AI Agents to Work Building Simulation-Ready Worlds NVIDIA today announced NVIDIA Omniverse libraries — a collection of software components that give AI...

Nvidia stock has stabilized but it needs some help from its customers to rally again.

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After a decade-long comeback, chip giant Advanced Micro Devices is preparing to ship its first rack-scale system for artificial intelligence, called Helios, to a growing list of customers that now includes Microsoft.

It's the first rival to Nvidia's wildly popular Grace Blackwell and Vera Rubin systems, and is aiming to give the world's most valuable chipmaker its first real competition in years.

Microsoft announced Monday it will use the Helios system in its data centers, joining Meta, OpenAI, Oracle and others in a race to grab as much compute as possible.

AMD will begin shipping to customers, including Microsoft, later this year.

Details about financial terms or the amount of compute capacity weren't disclosed.

"We are expanding the Azure infrastructure portfolio with AMD Helios to give customers the performance, scale and choice they need to build and run the next generation of AI applications," Microsoft CEO Satya Nadella wrote in a press release.

The new Helios system will power frontier model inference for Microsoft, its AI customers and support Azure AI services. Microsoft will also add two new computing instances run on AMD's latest "Venice" central processing units, or CPUs, one for agentic AI and data pipelines, and another for semiconductor design.

It's the continuation of a longtime partnership, with AMD chips powering Microsoft's Surface PCs and Xbox gaming consoles for many years. In 2023, Microsoft was also the first to adopt AMD's MI300X graphics processing unit, or GPU, that rivaled Nvidia's AI chips. Microsoft also deploys its own Maia chips in its data centers.

Like its peers, Microsoft needs as much compute as possible, especially as it ramps up its own model development and allocates more computing capacity to research and development. In June, it announced seven models built in-house. Microsoft's AI efforts thus far have seen mixed results, from its 365 Copilot AI assistant to its GitHub Copilot coding agent. It's the worst-performing "Magnificent Seven" stock so far this year.

Microsoft is part of a growing number of big companies turning to AMD for AI acceleration. AMD says eight of the top 10 AI companies run workloads on its Instinct GPUs, including OpenAI, Cohere and Elon Musk's SpaceXAI, which is part of SpaceX.

In February, Meta announced it'll use up to 6 gigawatts of AMD GPUs over time, starting with 1 gigawatt deployed on Helios racks later this year. OpenAI and Oracle also made major commitments to deploy Helios this year, with India's largest IT company, Tata Consultancy Services, committing to use it as well.

CNBC got the world's first detailed look inside a Helios system, from the Texas data center lab where it's being developed and tested.

'Lowest cost per token'Named for an ancient Greek god who pulls the sun across the sky with the help of four horses, Helios brings together four things AMD does in-house: GPUs, CPUs, networking and software.

"We're very focused on providing the best total cost of ownership, the lowest cost per token, all in," data center head Forrest Norrod told CNBC about AMD's first-generation system. "And our customers are telling us that we're achieving that."

In May, AMD CEO Lisa Su told CNBC's Jim Cramer that Helios has "significant benefits" over Nvidia's rack-scale systems, "when you're talking about inference and when you're talking about memory bandwidth and memory capabilities."

While AMD wouldn't comment on cost, the Futurum Group estimates Helios will cost between $5 million and $5.5 million. That's compared with Futurum estimates of $3.5 million to $4 million for Nvidia's second-generation rack-scale system, Vera Rubin.

At up to 7,000 pounds, Helios is also wider and heavier than Nvidia's Vera Rubin.

Nvidia controls more than 95% of the data center GPU market, according to the Futurum Group. AMD only holds some 4.5% of the market, but Helios could change that.

"I think there's a serious case in which AMD does great and can get to 20% and 25%. And by the way, this is hundreds of billions of dollars of revenue," said Daniel Newman, analyst and CEO of the Futurum Group.

Read more CNBC tech newsElon Musk's Memphis AI empire is the epicenter of the data center backlashChinese startup Moonshot AI unveils Kimi model it says rivals OpenAI, AnthropicSpaceX stock falls after Starship test flight abortedMicrosoft's Nadella criticizes Anthropic's Fable for being 'editorially controlled'In the first quarter of 2026, data centers made up the majority of AMD's revenue, up 57% year over year. AMD told CNBC that it plans to book tens of billions in data center AI revenue starting in 2027, the majority coming from Helios.

In data center CPU market share, Intel remains the clear leader, but AMD has steadily been gaining ground. This CPU leadership sets AMD apart from Nvidia, which launched its first server CPU in 2021 and shifted strategies to renew focus on the chips this year.

'A very different AMD'Norrod called Helios "our baby," as he showed CNBC the system's core chips. Each of its 18 compute trays has four Instinct GPUs powered by a single EPYC central processing unit.

It was these EPYC data center CPUs that helped AMD regain a decade of lost leadership in the data center market.

In 2003, AMD had a groundbreaking data center CPU that helped it rapidly gain nearly a quarter of the market, but that slice withered away following a series of delays and missteps that led to major layoffs and shrinking revenue by the time Su took the helm.

"Under Lisa's leadership for the last 12 years, it's been a very different AMD," Norrod said.

Things turned around after the company unveiled the first EPYC server CPU on stage in 2017.

"One of the things that we did is we laid out our road map in detail for three generations, which is very unusual," he said. "And we delivered exactly what we said."

Part of AMD's road map included plans to launch Helios with the current MI400 series of GPU.

Each Helios tray also has up to 12 networking chips made with technology AMD acquired when it bought Pensando in 2022.

It was one of several acquisitions that has helped enable Helios development in the last few years.

AMD's largest purchase to date was programmable chip company Xilinx for nearly $50 billion in 2022. AMD also acquired server maker ZT systems for nearly $5 billion in 2025, and a series of software companies that helped it develop ROCm, its open-source alternative to Nvidia's widely adopted CUDA software ecosystem.

Counterpoint Research analyst Neil Shah said AMD's Helios chips are "on par" with Nvidia GPUs and CPUs, but the "secret sauce is in the software and optimization."

"With CUDA, I think Nvidia has a bigger ecosystem, and it's quite ahead versus AMD," he said.

With Helios, AMD has the opportunity to make substantial strides, depending on how well early deployments fare.

— CNBC's Jordan Novet contributed to this report.

ATLANTA--(BUSINESS WIRE)---- $QMLS #NASDAQ--QumulusAI (Nasdaq: QMLS), a neocloud infrastructure provider purpose-built for the AI computing era, today announced the purchase of 1,632 NVIDIA Blackwell B300 GPUs to meet accelerating customer demand for high-performance AI compute. The GPUs will be delivered across 204 NVIDIA HGX B300 systems and represent one of the company's largest single capacity expansions to date. The purchase was funded primarily through financing arrangements with Technology Finance Corporat.

Beam Wealth Advisors Inc. lessened its position in shares of NVIDIA Corporation (NASDAQ: NVDA) by 21.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 49,363 shares of the computer hardware maker's stock after selling 13,534 shares during the quarter. NVIDIA makes up approximately 2.1% of

After being the most valuable company in the world for years, Apple (AAPL +0.26%) was kicked down to second place and even third place by Nvidia and Microsoft over the past two years.

But after languishing in market underperformance last year, it's suddenly become a hot stock again. Investor sentiment has taken a positive turn as iPhone sales soar and Apple makes moves to stay dominant in its space, and it's just a hairsbreadth away from reclaiming the title of most valuable company in the world. In fact, it could reach it as you read this.

Image source: Apple.

As of this writing, Apple has a market cap of $4.89 trillion vs. Nvidia's $4.91 trillion, a difference that normally wouldn't even show up with rounding. The gap has been narrowing, with Apple stock up 12% over the past month, while Nvidia stock is down 4%. To get back up on top, Apple stock needs to gain less than 1%. If current market sentiment persists, it's going to happen quickly.

Why Apple is up -- and why Nvidia is down The market is prizing Apple's safety and model right now. The artificial intelligence (AI) landscape is changing by the minute, and the market has been worried about gargantuan hyperscaler AI spend. Apple has largely stayed out of it, focusing on its hardware and making deals with AI companies to bring Apple Intelligence to life.

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At the same time, the market is worried about how Nvidia is going to fare as AI continues to change, especially because a lot of growth has already been built into its stock price.

What happens next? Market sentiment is fickle, but Apple has proved itself many times over the decades, and it's proving itself once again.

Jennifer Saibil has positions in Apple. The Motley Fool has positions in and recommends Apple, Microsoft, and Nvidia. The Motley Fool has a disclosure policy.

Caledonia Mining Corporation PLC (AIM:CMCL, NYSE-A:CMCL, VFEX:CMCL) has maintained its 2026 production guidance after gold output from Zimbabwe’s Blanket Mine rose 18% quarter on quarter to 17,360 ounces.

The improvement from 14,767 ounces in the first quarter reflected better access to higher-grade mining areas. Average grades delivered to the plant increased to 2.88 grams per tonne during the quarter and reached 3.05g/t in July to date.

Caledonia reiterated full-year guidance of 72,000 to 76,500 ounces, with production expected to remain weighted towards the second half. Second-quarter output was below last year’s record comparative, which benefited from exceptional grades.

Chief executive Mark Learmonth said measures to restore access to higher-grade ore were “gaining traction”, with grades now tracking at around 3g/t.

Further output growth is expected from a seven-day working week, which is adding roughly 200 tonnes of ore processing capacity per day, and an elution plant upgrade due to process stockpiled carbon from September.

Google is escalating its campaign to break Nvidia Corp's (NASDAQ:NVDA, XETRA:NVD) grip on artificial intelligence chips, deploying creative dealmaking to push its Tensor Processing Units (TPUs) into the wider market.

The strategy, detailed in exclusive reporting by The Information's Amir Efrati, targets the "neo-clouds": specialised GPU cloud providers, many of which began life as cryptocurrency miners.

Hundreds of these firms exist, but only about half a dozen matter, and Alphabet Inc (NASDAQ:GOOG)-owned Google has been in talks with them about adding TPUs to their offerings.

The pitch is diversification, freeing these providers from total dependence on Nvidia, alongside a technical argument that TPU designs have remained stable while Nvidia's architecture changes radically with each generation.

Those frequent shifts create genuine installation headaches for the data centre operators tasked with deploying them.

Financial firepower

The competition is increasingly being fought with balance sheets rather than benchmarks.

Nvidia has long used its financial muscle to support its largest customers, and Google is now considering matching that approach by offering backstop deals to lenders.

Under these arrangements, Google would guarantee payments if businesses that borrow to buy TPUs cannot find renters or buyers for the chips.

Google holds a structural advantage here: unused TPUs can simply be absorbed into its own cloud operations, whereas Nvidia lacks a cloud business of comparable scale to soak up stranded hardware.

A joint venture with Blackstone to build a TPU-based cloud provider extends the same logic.

The friction is already visible, with reports suggesting Nvidia became aware of Google's discussions with neo-cloud provider Nscale and may have offered additional incentives to discourage TPU adoption, though Nscale has said on the record that this is not its position.

Jensen Huang is said to monitor Google's chip programme closely and regards the company as a significant competitive threat.

An awkward embrace

The rivalry is complicated by mutual dependence.

Google remains one of Nvidia's largest customers, buying GPUs at scale for a cloud business that serves external clients, and it currently needs Nvidia's supply as much as Nvidia needs its custom.

Meanwhile, the external TPU business is gaining real traction, with Anthropic, Apple and Meta among the clients, and Meta emerging as a significant customer.

The next constraint is manufacturing, since TSMC is the bottleneck through which all chip ambitions must pass, and Google secures its capacity via Broadcom as intermediary.

Allocations for 2027 production are being determined now, and the capacity Google wins will indicate how seriously TSMC takes the TPU business against competing demands from Nvidia and others.

The stakes extend beyond chips: with gigawatt data centres costing $50 billion to $60 billion and rising, the companies able to guarantee that spending will shape the infrastructure of the entire AI economy.

Obchodní aktivita amerických politiků je investory dlouhodobě bedlivě sledovaná. V minulých letech byly pod drobnohledem především investiční kroky bývalé šéfky Sněmovny reprezentantů Nancy Pelosiové (a jejího manžela), od návratu Donalda Trumpa do Bílého domu se pak více pozornosti upřelo právě na něj. Americký prezident v posledním majetkovém přiznání zveřejnil tisíce transakcí uskutečněných prostřednictvím svěřenského fondu. Server Benzinga se podíval na portfolia obou politiků a našel v nich hned desítku shodných titulů.

Společným jmenovatelem většiny shodných pozic jsou technologické firmy a společnosti profitující z rozvoje umělé inteligence. Na seznamu tak figurují jak zástupci Magnificent Seven, tak ale třeba i méně tradiční sázky typu Tempus AI či energetická skupina Vistra.

Mezi nejčerstvějšími přírůstky v portfoliu rodiny Pelosiových jsou Uber a Intel. Paul Pelosi podle zveřejněných dokumentů nakoupil dlouhodobé call opce na obě společnosti s expirací v příštím roce. Trumpův svěřenský fond mezitím letos u obou titulů vykázal kombinaci nákupů i prodejů, přičemž převažovaly nákupní transakce.

Výrazný překryv pak lze zpozorovat u největších technologických společností. Pelosiovi dlouhodobě drží expozici vůči Alphabetu, Nvidii, Applu, Amazonu a Broadcomu, často prostřednictvím opcí, které byly následně převedeny na akcie. Trumpův fond zase během letoška uskutečnil u těchto jmen desítky obchodů, přičemž některé transakce byly v řádu milionů dolarů.

Zvláštní pozornost pak poutá Nvidia, která se stala jedním z hlavních symbolů boomu umělé inteligence. Pelosiovi v posledních letech opakovaně navyšovali svou expozici vůči nejhodnotnější veřejně obchodované společnosti na světě, zatímco Trumpův fond patří mezi nejaktivnější obchodníky s tímto titulem, odhalila analýza serveru Benzinga.

Kromě zavedených technologických gigantů spojuje obě portfolia také orientace na perspektivní segmenty. Zde můžeme zařadit Tempus AI, jež využívá umělou inteligenci ve zdravotnictví, nebo velkého hráče v oblasti kybernetické bezpečnosti Palo Alto Networks. Dalším méně očekávaným jménem je pak energetická společnost Vistra, kterou investoři často vnímají jako nepřímou sázku na rostoucí spotřebu elektřiny datových center.

Deset akcií, které se letos objevily v portfoliích Pelosiové a Trumpa:

Uber Technologies
Intel
Alphabet
Nvidia
Tempus AI
Vistra
Apple
Amazon
Broadcom
Palo Alto Networks

Odlišné investiční přístupy

Benzinga si také všímá toho, že i přes shodu u některých titulů se styl obou táborů výrazně liší. Paul Pelosi je známý využíváním dlouhodobých call opcí, které následně převádí na akcie. Jeho strategie se soustředí především na velké technologické společnosti a strukturální růstové trendy.

To Trumpův svěřenský fond naopak podle zveřejněných údajů realizoval během let 2025 a 2026 desetitisíce transakcí napříč řadou sektorů. Přesto i zde dominují velké americké společnosti a zejména technologické tituly, které tvoří významnou část nejaktivněji obchodovaných pozic.

Ken Griffin's hedge fund, Citadel LLC, has been called the most profitable hedge fund in history. It currently manages around $68 billion, and has posted average annual returns of 19.2% after fees since 1990.

The fund is highly analytical, employing 260 PhDs who use 100 petabytes of data to make daily trading decisions. The firm is so active in its trading that it's often credited with coining the phrase "high-frequency trading."

Earlier this month, Griffin gave his opinion on several ongoing market trends -- everything from geopolitical tensions to artificial intelligence. Investors of all kinds would be wise to hear what he has to say.

Here's what Ken Griffin thinks investors should understand about AI right now Griffin spent a lot of time talking about AI, a technology he thinks most people still don't fully understand. He began by sharing a story of asking business leaders how AI has transformed their businesses.

"I couldn't help myself. I'm like, 'Let's go around the table and share stories about how AI is transforming your business,'" Griffin said. What he got back were four or five "incredible stories" all talking about so-called productivity gains. But after digging deeper, Griffin determined that "not one involved AI."

Instead, he believed the gains were realized using other, more elementary methods like data optimization and digitization. Griffin thinks that a lot of people are labeling things "AI" that are simply employing the use of other technologies.

Image source: Getty Images.

According to Griffin, the "nuance between AI and technology writ large gets a little bit lost" when discussing any sort of tech implementation these days. He said: "There is a technological revolution happening, of which AI is a component of the story, but it's just a piece."

This last observation is important for investors to understand. Many publicly traded companies are claiming that they are either developing AI technology or implementing AI into their workflows. However, it's critical for investors to remain skeptical about these claims. Whether investors are considering a chipmaker like Nvidia (NVDA 1.97%) or quantum stocks like Rigetti Computing (RGTI +0.07%) or D-Wave Quantum (QBTS 1.12%), it's critical to determine how much a company is exposed specifically to AI versus another technology altogether.

Perhaps Griffin has also made the same mistake in the past. Previously, he dismissed artificial intelligence. "I was with one of my colleagues who runs our commodities business and he handed [me a] report that we generated with an AI engine," he said earlier this year. "The first few sentences, like wow that's really insightful and then you go down below that and it's all garbage."

Just a few months later, Griffin is changing his tune. Now, Griffin thinks AI will set off a "golden age of entrepreneurial activity" in which a handful of scrappy entrepreneurs can challenge powerful incumbents by leveraging AI. Griffin likely came to this conclusion by developing a better ability to discern what is AI and what is not. Investors would be wise to follow his lead.

Posted by Defense World Staff on Jul 19th, 2026

Cvfg LLC increased its position in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 1,134.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 146,545 shares of the computer hardware maker’s stock after acquiring an additional 134,676 shares during the period. NVIDIA comprises 3.2% of Cvfg LLC’s investment portfolio, making the stock its 4th biggest position. Cvfg LLC’s holdings in NVIDIA were worth $25,557,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Lifetime Wealth Management P.C. purchased a new position in NVIDIA in the 4th quarter valued at approximately $26,000. Longview Financial Advisors Inc. purchased a new stake in shares of NVIDIA during the first quarter worth $27,000. Longfellow Investment Management Co. LLC raised its stake in shares of NVIDIA by 47.9% in the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock valued at $33,000 after acquiring an additional 67 shares in the last quarter. Spurstone Advisory Services LLC purchased a new position in NVIDIA in the second quarter valued at $40,000. Finally, Inspire Investing LLC purchased a new position in NVIDIA in the fourth quarter valued at $44,000. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Performance Shares of NVDA stock opened at $202.81 on Friday. The stock’s 50-day moving average is $209.63 and its two-hundred day moving average is $195.10. The firm has a market cap of $4.91 trillion, a price-to-earnings ratio of 31.06, a PEG ratio of 0.45 and a beta of 2.21. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.85 and a current ratio of 3.44. NVIDIA Corporation has a 1 year low of $164.07 and a 1 year high of $236.54.

NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its quarterly earnings data on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.11. The company had revenue of $81.61 billion during the quarter, compared to analysts’ expectations of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The firm’s revenue for the quarter was up 85.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.81 earnings per share. Analysts predict that NVIDIA Corporation will post 8.79 earnings per share for the current year.

NVIDIA declared that its board has authorized a share buyback program on Wednesday, May 20th that authorizes the company to buyback $80.00 billion in outstanding shares. This buyback authorization authorizes the computer hardware maker to purchase up to 1.5% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

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

Insider Transactions at NVIDIA In other NVIDIA news, Director Stephen C. Neal sold 15,500 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total transaction of $3,343,815.00. Following the transaction, the director owned 116,135 shares in the company, valued at approximately $25,053,803.55. The trade was a 11.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens sold 885,000 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $210.17, for a total value of $186,000,450.00. Following the transaction, the director directly owned 5,207,271 shares of the company’s stock, valued at approximately $1,094,412,146.07. This trade represents a 14.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,901,125 shares of company stock worth $410,583,015 over the last ninety days. 3.94% of the stock is currently owned by company insiders.

Analysts Set New Price Targets Several brokerages have weighed in on NVDA. DZ Bank restated a “buy” rating on shares of NVIDIA in a report on Thursday, May 21st. Needham & Company LLC restated a “buy” rating and issued a $270.00 price objective on shares of NVIDIA in a report on Tuesday, June 2nd. William Blair reiterated an “outperform” rating on shares of NVIDIA in a research note on Tuesday, June 2nd. Wells Fargo & Company restated an “overweight” rating and issued a $315.00 price target (up from $265.00) on shares of NVIDIA in a research note on Tuesday, May 12th. Finally, New Street Research lowered their price objective on NVIDIA from $343.00 to $340.00 in a research report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $304.26.

Check Out Our Latest Stock Analysis on NVDA

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

Positive Sentiment: NVIDIA expanded its AI footprint in Japan with new partnerships across robotics, manufacturing, and public-sector infrastructure, including a national AI infrastructure initiative and the launch of Cosmos 3 Edge and Nemotron-based local AI projects. These moves reinforce NVDA’s role as the core platform for physical AI and could support long-term demand. Japan Government, Industrial Leaders and NVIDIA Launch the World’s First National AI Infrastructure Positive Sentiment: Multiple analysts raised earnings estimates for NVIDIA, with KeyCorp and Erste Group boosting forecasts and maintaining bullish ratings/price targets. That suggests Wall Street still sees strong profit growth ahead. Positive Sentiment: TSMC reported strong AI-driven demand, which is a positive read-through for NVIDIA’s supply chain and ongoing chip demand. TSMC Just Announced Fantastic News for Nvidia Shareholders Neutral Sentiment: Apple briefly overtook NVIDIA as the world’s most valuable company, highlighting a rotation in mega-cap leadership and renewed investor doubts about how much AI upside is already priced into NVDA. Apple dethrones Nvidia as world’s most valuable company, ending the chipmaker’s long run at the top Neutral Sentiment: Several articles point to a broader semiconductor sell-off and “sell the news” behavior in AI and chip stocks, which appears to be pressuring NVDA along with peers rather than reflecting a company-specific setback. Why Nvidia stock is down around 2.5% on Thursday Negative Sentiment: Market commentary from Jim Cramer and other bearish notes on semiconductors suggest some investors are rotating out of chip stocks, adding near-term pressure to NVDA sentiment. Jim Cramer Says Semiconductor Stocks Are “Going Down.” Buy These 2 Dividend Stocks Instead NVIDIA Company Profile (Free Report)

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

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

Read More Five stocks we like better than NVIDIA Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs? The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story Why Intuitive Surgical’s Strong Quarter Still Spooked Investors Want to see what other hedge funds are holding NVDA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NVIDIA Corporation (NASDAQ:NVDA – Free Report).

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Greenwood Capital Associates LLC lessened its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 31.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,636 shares of the computer hardware maker’s stock after selling 3,041 shares during the period. Greenwood Capital Associates LLC’s holdings in NVIDIA were worth $1,157,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in NVDA. Brighton Jones LLC grew its stake in NVIDIA by 12.4% during the 4th quarter. Brighton Jones LLC now owns 324,901 shares of the computer hardware maker’s stock worth $43,631,000 after buying an additional 35,815 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in NVIDIA by 1.0% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 2,346,417 shares of the computer hardware maker’s stock valued at $315,100,000 after buying an additional 22,929 shares during the last quarter. Highview Capital Management LLC DE boosted its holdings in shares of NVIDIA by 6.7% in the fourth quarter. Highview Capital Management LLC DE now owns 58,396 shares of the computer hardware maker’s stock valued at $7,842,000 after acquiring an additional 3,653 shares during the period. Hudson Value Partners LLC boosted its holdings in shares of NVIDIA by 30.7% in the fourth quarter. Hudson Value Partners LLC now owns 50,658 shares of the computer hardware maker’s stock valued at $6,805,000 after acquiring an additional 11,900 shares during the period. Finally, Wealth Group Ltd. grew its position in shares of NVIDIA by 15.7% during the first quarter. Wealth Group Ltd. now owns 6,598 shares of the computer hardware maker’s stock worth $715,000 after acquiring an additional 896 shares during the last quarter. Hedge funds and other institutional investors own 65.27% of the company’s stock.

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

Positive Sentiment: NVIDIA expanded its AI footprint in Japan with new partnerships across robotics, manufacturing, and public-sector infrastructure, including a national AI infrastructure initiative and the launch of Cosmos 3 Edge and Nemotron-based local AI projects. These moves reinforce NVDA’s role as the core platform for physical AI and could support long-term demand. Japan Government, Industrial Leaders and NVIDIA Launch the World’s First National AI Infrastructure Positive Sentiment: Multiple analysts raised earnings estimates for NVIDIA, with KeyCorp and Erste Group boosting forecasts and maintaining bullish ratings/price targets. That suggests Wall Street still sees strong profit growth ahead. Positive Sentiment: TSMC reported strong AI-driven demand, which is a positive read-through for NVIDIA’s supply chain and ongoing chip demand. TSMC Just Announced Fantastic News for Nvidia Shareholders Neutral Sentiment: Apple briefly overtook NVIDIA as the world’s most valuable company, highlighting a rotation in mega-cap leadership and renewed investor doubts about how much AI upside is already priced into NVDA. Apple dethrones Nvidia as world’s most valuable company, ending the chipmaker’s long run at the top Neutral Sentiment: Several articles point to a broader semiconductor sell-off and “sell the news” behavior in AI and chip stocks, which appears to be pressuring NVDA along with peers rather than reflecting a company-specific setback. Why Nvidia stock is down around 2.5% on Thursday Negative Sentiment: Market commentary from Jim Cramer and other bearish notes on semiconductors suggest some investors are rotating out of chip stocks, adding near-term pressure to NVDA sentiment. Jim Cramer Says Semiconductor Stocks Are “Going Down.” Buy These 2 Dividend Stocks Instead Wall Street Analyst Weigh In A number of brokerages have recently commented on NVDA. Stifel Nicolaus set a $282.00 target price on shares of NVIDIA and gave the company a “buy” rating in a report on Thursday, May 21st. Barclays reissued an “overweight” rating on shares of NVIDIA in a research report on Thursday, May 21st. Robert W. Baird set a $500.00 target price on shares of NVIDIA and gave the company an “outperform” rating in a report on Thursday, May 21st. KeyCorp reiterated an “overweight” rating and set a $330.00 target price (up from $310.00) on shares of NVIDIA in a research note on Tuesday. Finally, Wall Street Zen cut NVIDIA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 4th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-eight have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $304.26.

View Our Latest Stock Analysis on NVDA

NVIDIA Stock Performance Shares of NASDAQ:NVDA opened at $202.81 on Friday. The business’s 50-day simple moving average is $209.63 and its 200 day simple moving average is $195.10. The company has a market cap of $4.91 trillion, a P/E ratio of 31.06, a PEG ratio of 0.45 and a beta of 2.21. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.85 and a current ratio of 3.44. NVIDIA Corporation has a one year low of $164.07 and a one year high of $236.54.

NVIDIA (NASDAQ:NVDA – Get Free Report) last issued its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.11. NVIDIA had a net margin of 62.97% and a return on equity of 96.94%. The business had revenue of $81.61 billion during the quarter, compared to analyst estimates of $78.42 billion. During the same quarter in the previous year, the firm earned $0.81 earnings per share. The business’s revenue was up 85.2% compared to the same quarter last year. On average, sell-side analysts forecast that NVIDIA Corporation will post 8.79 earnings per share for the current fiscal year.

NVIDIA Increases Dividend The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Investors of record on Thursday, June 4th were paid a dividend of $0.25 per share. This is an increase from NVIDIA’s previous quarterly dividend of $0.01. This represents a $1.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, June 4th. NVIDIA’s dividend payout ratio (DPR) is 15.31%.

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

Insider Buying and Selling In other news, Director John Dabiri sold 625 shares of NVIDIA stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $214.00, for a total value of $133,750.00. Following the transaction, the director owned 14,163 shares of the company’s stock, valued at $3,030,882. The trade was a 4.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark A. Stevens sold 885,000 shares of NVIDIA stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $210.17, for a total transaction of $186,000,450.00. Following the completion of the transaction, the director owned 5,207,271 shares in the company, valued at approximately $1,094,412,146.07. This trade represents a 14.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,901,125 shares of company stock valued at $410,583,015 over the last three months. Company insiders own 3.94% of the company’s stock.

About NVIDIA (Free Report)

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

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

Featured Stories Five stocks we like better than NVIDIA Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs? The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story Why Intuitive Surgical’s Strong Quarter Still Spooked Investors 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.

Nvidia (NVDA 1.97%) stock hasn't been an incredible performer this year, but it is slightly edging out the S&P 500 (^GSPC 1.01%), with both up around 11% year to date.

It's still the most valuable company in the world with a $5 trillion valuation, so reaching $10 trillion by 2030 would imply doubling. It looks like a distinct possibility. Here's why.

Image source: Nvidia.

Nvidia isn't slowing down Sales growth has been accelerating. Revenue increased 85% year over year in the 2027 fiscal first quarter (ended April 26), and Wall Street is looking for even higher growth in the second quarter: a whopping 96%, with a forecast of 82% for the full year. That's quite a feat for a company as big as Nvidia.

The positive signs abound. On Tuesday, JPMorgan Chase CEO Jamie Dimon said he thinks artificial intelligence (AI) spending will reach $1 trillion in 2027, and Taiwan Semiconductor Manufacturing, which makes Nvidia's chips, is investing $100 billion in its new Arizona facility.

The chip market is heating up The AI chip races are only getting faster. Nvidia accounts for 80% to 90% of the market, according to Silicon Analysts, a level of absolute dominance. That lead is projected to decline to 75% as competitors like Advanced Micro Devices gain traction and many top AI players compete with other chip types, such as Broadcom's Application-Specific Integrated Circuits (ASICs) and Alphabet's Tensor Processing Units (TPUs). However, even a 75% lead is fortress-level.

Nvidia's CEO Jensen Huang doesn't seem fussed by the competition; he sees more AI development as a good thing for the company, which underpins much of the AI infrastructure. Whether or not the competition advances, Nvidia should keep growing and remain the leader.

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More concerning, from an investing standpoint, might be whether Nvidia can continue to demonstrate accelerating growth or even maintain current growth rates. As the base gets bigger, that isn't likely to last much longer. For example, if it were to grow at a compound annual growth rate of 80% over the next four years, it would have $2.7 trillion in sales, easily becoming the largest company in the world.

It's more likely that growth will slow over the next four years, and as it does, the stock will reflect that. It trades at a premium price-to-sales ratio of 20 right now, but that would likely decline as growth decelerates.

To see how it could play out, a CAGR of 40% to 50% would result in somewhere around $1 trillion in sales in 2030, or about four times today's trailing-12-month revenue. At the current price-to-sales ratio, the stock would quadruple. But at half the ratio, or 10 times trailing-12-month sales, the stock would double and reach $10 trillion.

That's just one possibility, but it's rooted in reality and is a potential scenario for where Nvidia stock could be by 2030.

JPMorgan Chase is an advertising partner of Motley Fool Money. Jennifer Saibil has positions in Taiwan Semiconductor Manufacturing. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Broadcom, JPMorgan Chase, Nvidia, and Taiwan Semiconductor Manufacturing. The Motley Fool has a disclosure policy.

Are the "Magnificent Seven" dead?

The seven trillion-dollar-plus tech stocks that produced market-crushing returns for years have had a rough year. Only two are outperforming the Nasdaq Composite so far in 2026, and only three are outperforming the S&P 500.

But when a stock's price drops, it's a good time to take a second look. So let's check to see which of the Magnificent Seven has the best risk/reward profile right now.

Image source: Getty Images.

We'll start at the bottom (from a market cap standpoint) and work our way to the top.

7. Tesla Risk Rating: Very High

Reward Potential: Very High

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Tesla (TSLA 2.47%) is in limbo right now. The electric carmaker may not be (primarily) a carmaker for much longer. CEO Elon Musk seems intent on refocusing Tesla into an autonomous driving and robotics company, and rumors are swirling that he's planning a merger between Tesla and his new (and larger, at least on paper) company, Space Exploration Technologies (SPCX 5.41%) or SpaceX.

If Musk and Tesla can actually achieve their ambitious goals of creating self-driving taxis and a humanoid robot army, the company's stock is likely to go parabolic. But at the moment, that looks like a big "if."

6. Meta Platforms Risk Rating: High

Reward Potential: High

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646.01

Facebook parent Meta Platforms (META 2.79%) is struggling to define itself. CEO Mark Zuckerberg's dream of an online "Metaverse" seemed appealing when we were all stuck at home during the pandemic. But a few years and millions of unsold VR headsets later, the company is pivoting toward -- what else? -- AI.

Now trading at 18% off its highs, Meta's reward potential is high in part because expectations are so low. The company is late to the very expensive AI party, but it certainly has the cash flow to shake things up a bit. The risk here is whether the potential long-term gains will be worth the big upfront costs.

5. Amazon Risk Rating: Moderate

Reward Potential: Moderate

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-2.66

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$

247.23

While people usually think of Amazon (AMZN 1.06%) as an e-commerce company, most of its profits come from its AWS cloud computing arm. The big growth engine for the company is tech as opposed to online shopping.

Amazon's risk rating is moderate because neither its e-commerce business nor its dominant cloud computing arm are going anywhere. It has eagerly jumped into the AI race, with its AI-powered AWS services appearing to be bearing fruit. But the potential AI rewards may be more limited for Amazon than for some of the other players in the space, which could limit the stock's upside.

4. Microsoft Risk Rating: Moderate

Reward Potential: High

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-6.68

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$

394.42

Of all the Magnificent Seven stocks, Microsoft's (MSFT 1.67%) has fallen the most from its high. But Microsoft's products and services are still raking in money hand over fist. Plus, its investments in AI -- through its 27% ownership stake in OpenAI and its Copilot AI integrations -- seem among the likeliest to reap the benefits of its AI spend.

However, "most likely" doesn't mean "guaranteed." The same concerns about AI capital spending that apply to the other hyperscalers also apply to Microsoft. If AI as a whole fizzles, Microsoft investors will be left holding the bag.

3. Alphabet Risk Rating: Moderate

Reward Potential: Very High

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-7.26

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347.20

Google parent Alphabet (GOOGL 2.05%) churns out massive amounts of cash through YouTube and Google Search ads. Its AI efforts, like the Gemini chatbot and Nano Banana image creator, have put it in the top tier of AI companies as well.

If Google can maintain its status as a top-tier AI hyperscaler over the long term, the reward potential is very high, but it'll require significant spending.

2. Apple Risk Rating: Low

Reward Potential: Moderate

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(

0.26

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0.88

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$

334.14

Apple (AAPL +0.26%) struggled for years to keep pace with the generative AI race, but now it seems to be throwing in the towel in favor of better on-device processing of third-party AI software. To be honest, that's probably not a bad move for the device maker. While it lowers the potential rewards for the company, it also substantially lowers the risk of overspending. Apple looks to be a solid lower-risk pick.

1. Nvidia Risk Rating: Low

Reward Potential: Very High

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(

-1.97

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-4.09

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$

203.31

Currently the largest company in the world, chipmaker Nvidia's (NVDA 1.97%) stock has taken a hit as investors (again) question whether AI spending is sustainable. If it is, Nvidia is almost certain to continue reaping massive rewards as hyperscalers fight to be first in line for its high-end AI GPUs and other offerings.

Even if AI spending plateaus, Nvidia's top-of-the-line processors will almost certainly be in high demand for whatever the Next Big Thing ends up being. With its stock currently 13% off its high, Nvidia's low-risk/very high-reward profile is currently the best of the Magnificent Seven stocks.

Led by CEO and co-founder Jensen Huang, Nvidia (NVDA 1.97%) has established itself as the top chipmaker in AI, and it does not plan on giving up its throne anytime soon. Much of the company's success can be directly tied to Huang's instinctive talent for predicting where the tech world is headed well in advance. That's why the stock is a buy.

Nvidia was founded in 1993, and its invention of the graphics processing unit (GPU) in 1999 helped fuel the video game market by speeding up graphics rendering and allowing for major leaps forward in computer graphics. The video game market was big at the time, but Huang's more important strategic move was to have Nvidia create its CUDA software platform, which makes its chips programmable for other tasks.

Today's Change

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203.31

A history of forward-looking moves While the full value of that strategy took many years to manifest, Nvidia wisely seeded CUDA into universities and research labs that were doing early work on AI. The result was that most foundational AI code was written on CUDA for Nvidia's GPUs, which is why the company enjoys a wide moat in AI model training today.

Huang did not stop there, though. In 2020, Nvidia acquired networking company Mellanox. It was a company with technology ahead of its time, but Huang again saw where the market was heading. Today, Nvidia's networking portfolio is the fastest-growing part of its business and a key part of its transformation from a GPU specialist into a complete AI infrastructure player.

Huang also anticipated the shift toward inference and agentic AI, and took steps to ensure Nvidia would be a big player in these markets. The company has developed its own ARM-based central processing units (CPUs), as CPUs will play an important role in managing AI agents. The GPU-to-CPU ratio in AI data centers built when workloads were primarily driven by training was 8 to 1. As cloud companies build out infrastructure for agentic AI, the prediction is that the ratio could shift to 1 to 1. With that in mind, Nvidia has projected that the data center CPU market could reach a value of $200 billion in the next few years.

Image source: Nvidia.

Nvidia also acquired the assets and key personnel of Groq, including its language processing units (LPUs), which it has since incorporated into the CUDA ecosystem. These chips will help with servers designed specifically for inference, a market that's eventually expected to grow to a much larger size than AI model training.

The company's unique server offering will use both GPUs and LPUs, with GPUs handling the prefill phase of understanding users' prompts and LPUs dealing with the decode phase of giving quicker responses. This could be the next big growth driver for the company.

Overall, Nvidia is an attractively priced stock. It's trading at just 16 times analysts' earnings estimates for its fiscal 2028 (which ends in January 2028), and its top and bottom lines are growing rapidly. However, the biggest reason to own this AI stock for the long term is that Huang has proven to be a visionary who can position Nvidia for what's next.

Across the country, municipalities and states are passing legislation that limits or even bans data centers. This is in response to growing concerns that the artificial intelligence (AI) industry is gobbling up resources such as electricity and water while creating noise pollution. It's a serious issue that major players in the AI industry must address immediately. Nvidia (NVDA 1.97%) may be able to solve at least a portion of the problem.

Nvidia's Rubin-generation AI infrastructure eliminates the need for cooling fans that gulp up water. Instead, these new chips and networking components are cooled by a closed-loop liquid coolant. Most importantly, they work without requiring fresh water.

Image source: The Motley Fool.

Unfortunately, it doesn't solve the issue of the water used to generate data center electricity. However, it's still a massive engineering feat and an important step toward solving a major problem.

The water crisis is far more than just a PR nightmare for the AI industry; there are real human and environmental consequences. Nvidia is already dominating in chips, but could become a favorite in the public eye if its new technology helps alleviate some water pressure.

Today's Change

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I would anticipate Nvidia's self-cooling chips and components becoming the industry standard, giving the company yet another competitive advantage. Nvidia's stock is down slightly over the past month, and trading well below the analysts' consensus of about $300 per share. For bullish investors, now might be a good time to buy the company that could become a leader in solving AI's water problem.

Catie Hogan has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy.

© Hodoimg / Shutterstock.com

I keep buying NVIDIA because every bearish argument I hear collapses the moment I open the earnings report. The fashionable one, that NVIDIA is either hoarding cash or bleeding out from China restrictions, is the loudest and the wrongest, and it keeps handing me chances to add to a position I plan to hold deep into retirement.

NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) trades today at $207.40, and the analyst target sits at $301.62. My conviction comes from the numbers underneath that gap.

The China Narrative Bears Cannot Let Go Of In Q1 FY2027, NVIDIA shipped zero H20 compute products to China, down from $4.6 billion a year earlier. Revenue still came in at $81.615 billion, up 85.23% year over year, beating estimates by 3.16%. Data Center revenue alone was $75.246 billion, up 92%. Networking, the piece most people ignore, hit $14.800 billion, up 199%. Management then guided Q2 to $91.0 billion, again assuming no China Data Center compute revenue. A company that can absorb a multi-billion-dollar customer loss and still print those numbers does not have a demand problem.

The Cash Hoarding Claim Falls Apart NVIDIA returned roughly $20.0 billion to shareholders in a single quarter through repurchases and dividends. The board added $80.0 billion in fresh buyback authorization on May 18, 2026, on top of $38.5 billion already remaining under the prior plan. Management told analysts they plan to return roughly 50% of free cash flow to shareholders in 2027. The quarterly dividend was raised from $0.01 to $0.25. FY2026 returns totaled $41.1 billion. This is not a company sitting on its wallet.

Why NVIDIA And Not The Obvious Alternatives The efficiency numbers explain why I want NVIDIA reinvesting first and returning second. ROIC of 92.2%. Return on equity of 101.5%. Operating margin of 60.4%. Non-GAAP gross margin of 75.0%. Debt-to-equity of 0.073 and interest coverage above 500x. Free cash flow of $48.554 billion in one quarter.

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

Now compare the alternatives a bull on AI chips would reach for. Advanced Micro Devices (NASDAQ:AMD) trades at a trailing P/E of 179 and forward P/E of 76, with a return on equity of just 8.06%. Intel (NASDAQ:INTC) is worse on the fundamentals: trailing EPS of -0.6, return on equity of -2.91%, forward P/E of 118, and quarterly earnings down 71.7% year over year. NVIDIA trades at a forward P/E of 23. I am paying less for the future earnings of the category leader than I would for either challenger, and I get the ROIC gap on top.

The Real Risk China export restrictions could tighten further, and NVIDIA has $119.0 billion in supply-related commitments plus $30.0 billion in multi-year cloud service commitments locked in. If AI demand ever softens, that inventory becomes a problem quickly. Reliance on TSMC for manufacture, assembly, packaging, and testing sits underneath everything.

What Keeps The Buy Button Active Jensen Huang told analysts on the May 20, 2026 call that visibility into Blackwell and Rubin revenue reaches $1 trillion from 2025 through calendar 2027, with hyperscale CapEx forecast to exceed $1 trillion by 2027. OpenAI committed to 10 gigawatts of NVIDIA systems. Meta signed on for millions of Blackwell and Rubin GPUs on a multi-year basis. Huang called it “the largest infrastructure expansion in human history.”

Every quarter the bear thesis needs a fresh coat of paint. My conviction only needs the receipts.

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

Contact [email protected] for any questions or corrections.

Nvidia CEO Jensen Huang recently scored a big win in Japan: His company will help that country fulfill its desire to build its own artificial intelligence (AI) infrastructure.

It was announced this past week that Japan will purchase 27,500 Nvidia chips for a computing hub that is expected to launch in 2028. The AI infrastructure will support the development of blending AI with robotics, enabling machines to interact with the world around them.

"Japan cannot outsource its national intelligence," the Nvidia CEO said during an event in Tokyo. "Japan must own, improve, secure, and deploy Japan AI."

For retail investors interested in potentially benefiting from the opportunities in what could be the next wave of AI in Japan, the Global X Robotics and Artificial Intelligence ETF (BOTZ 3.18%) stands out.

Nvidia CEO Jensen Huang. Image source: Nvidia.

Japan's AI sector is taking shape It's relatively small now, but Fortune Business Insights forecasts that the size of Japan's AI market will grow from $15.6 billion in 2025 to $123.9 billion by 2032. And while investing in international companies directly can be logistically difficult for U.S. investors, BOTZ holds stakes in several Japanese companies.

The largest holding within the entire ETF is Japanese company Keyence, which accounts for 9.6% of its net assets. Keyence manufactures sensors and machine vision systems, among other products, for automation. Its products can identify objects and recognize defects, helping assembly lines operate quickly and efficiently.

There are three other Japanese companies within the Global X Robotics and Artificial Intelligence ETF's top 10 holdings. Fanuc focuses on industrial automation and robotics, and has had more than 1 million of its robots installed worldwide. SMC and Daifuku are both involved in automation and robotics.

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-1.13

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$

34.40

Positioned for long-term gains Compared to other AI-related ETFs, such as the Global X Artificial Intelligence and Technology ETF (AIQ 1.03%), BOTZ's performance has been mediocre. As of this writing, AIQ is up 35% over the last 12 months, while BOTZ is up just a little bit more than 9%.

If the next stage of AI does heavily involve blending it with robotics, however, and if Japan invests intensively enough to become an AI leader, BOTZ could become an outperformer in the years ahead.

Jack Delaney has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool recommends Fanuc. The Motley Fool has a disclosure policy.

Nvidia CEO Jensen Huang is rarely seen without his leather jacket. It's his signature look. He's been wearing them for nearly 20 years.

At product launches, company events, and trade shows, Huang is nearly always clad in his trademark black Tom Ford leather jacket.

One of them recently went up for auction. And on Friday, after 65 bids, one of Huang's pre-worn and signed jackets sold at auction at Sotheby's for $960,000, much higher than the pre-sale estimate of $40,000 to $60,000.

It's also significantly higher than the retail price of just under $10,000 for one of the garments.

He wore the jacket in 2023, at an event at Foxconn in Taipei, Taiwan.

The high price for the garment is a sign that collectors are looking to bid on artifacts and collectibles from the artificial intelligence boom.

"The response to this sale surpassed even our highest expectations," Sotheby's head of modern collectibles Brahm Wachter said in a statement. Sotheby's said 45 different collectors bid on the jacket.

Sotheby's said in a statement that proceeds will go to a philanthropic initiative in support of the Edge Institute, which is a nonprofit dedicated to innovation. The proceeds from the sale will go towards fellowships, grants, and residencies.

Huang has joked over the years about his founder's uniform — telling a podcast in 2023 that his wife and daughter dress him, and telling a Reddit discussion in 2016 that he's "the guy in the leather jacket."

Other CEOs have noticed his style, too.

Meta CEO Mark Zuckerberg famously traded garments with Huang in a pro sports-style "jersey swap" in 2024. Later that year, on stage at a computer graphics conference, Huang gave Zuckerberg one of his jackets that he had been wearing that day.

"This is worth more because it's used," Zuckerberg said.

Apple briefly passed Nvidia to become the world's most valuable company on Friday as the tech titans jostled for the top spot as investors reconsider the outlook for investments in AI.

Apple's market cap topped Nvidia's early Friday as the latter saw shares slide along with other chipmaker stocks as investors continue to evaluate whether tech firms' rapid buildout of AI tools and the data centers needed to support them will yield near-term profits.

The consumer tech giant saw its market cap rise to more than $4.91 trillion, above Nvidia's $4.9 trillion at the time.

Shares in the iPhone-maker pulled back some of their earlier gains, which allowed Nvidia to regain the top spot before the closing bell as shares in the world's leading AI chip designer pared their losses and lifted the firm's valuation.

APPLE TO INVEST $30 BILLION IN US CHIP MANUFACTURING

Apple briefly topped Nvidia as the world's largest company by market cap during Friday's trading session. (Eric Thayer/Bloomberg via Getty Images)

As of Friday's closing bell, Nvidia's market cap reclaimed the title of the world's largest at $4.92 trillion, narrowly topping Apple's $4.89 trillion. Apple shares rose 0.14% while Nvidia's fell 2.21% during the trading session.

The shifts in the pecking order of tech leaders in the so-called Magnificent 7 stocks comes as investors are looking at stocks beyond the obvious winners of the AI race like Nvidia, which has held the title of largest market cap for nearly a year. Apple's move on Friday briefly made it the leader for the first time since April 2025.

Investors are considering the costs and benefits of companies spending to build AI models and data centers used to power them, as well as the means at their disposal to turn AI tools into meaningful revenue drivers.

APPLE TO WORK WITH INTEL ON US CHIP DESIGN AND PRODUCTION, TRUMP SAYS

Ticker Security Last Change Change % AAPL APPLE INC. 333.74 +0.48 +0.14% NVDA NVIDIA CORP. 202.81 -4.59 -2.21% "Apple was seen as a laggard in the AI race because it wasn't spending to develop models, but now sentiment has changed," said Toni Meadows, head of investment at BRI Wealth Management.

"Apple is less exposed to capex intensity and better positioned to monetize AI via services, ecosystem lock-in, and hardware upgrades. The re-rating reflects confidence in earnings durability rather than speculative AI upside," Meadows added.

The market is expected to see more options in the AI space become available for investors this year, with the anticipated IPOs of Anthropic and ChatGPT-maker OpenAI.

JENSEN HUANG SAYS NVIDIA'S NEW RTX SPARK CHIP WILL REINVENT THE PC

Apple CEO Tim Cook is stepping down from his role in September. (Win McNamee/Getty Images)

South Korea's SK Hynix also listed on the Nasdaq earlier this month, bringing another memory chipmaker into the consideration of investors evaluating the AI space.

Hynix's move followed the success Micron has enjoyed this year that lifted the chipmaker above $1 trillion in market cap.

"The new entrants to the market could spread out the focus away from the pure Magnificent Seven names into a wider number of names," said Benjamin Hall, VP of alpha research at Segal Macro Advisors.

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Reuters contributed to this report.

Google (NASDAQ: GOOGL | GOOGL Price Prediction) and Amazon (NASDAQ: AMZN) both reported

ToplineApple became the world’s largest company on Friday, briefly reclaiming the spot from Nvidia following a slide in shares for the AI bellwether and as the iPhone maker accelerates its plans for the growing technology.

The iPhone maker is once again the world’s largest company by market value.

dpa/picture alliance via Getty Images

Key FactsShares of Nvidia dropped by 3.9% shortly after trading opened Friday, lowering the company’s market valuation to about $4.82 trillion, before paring back losses to about 2.2% to $4.91 trillion.

That pushed Apple, whose shares decreased by less than one-tenth of a percentage point, ahead of Nvidia as the world’s largest firm by market capitalization at $4.88 trillion before falling behind later in the morning.

The stocks have had different trajectories so far this year: Apple has jumped nearly 23%, far outpacing the tech-heavy Nasdaq, while Nvidia has trailed with just 7.3% growth.

surprising factApple was the first company to reach the $1 trillion, $2 trillion and $3 trillion market capitalization milestones, while Nvidia was the first to cross the $4 trillion threshold in July 2025, extending a nearly 35,000% surge for the stock over the prior decade. At their market valuations as of Friday morning, both companies are valued more than the gross domestic product—a broad measure of the size of a country’s economy—of Japan ($4.3 trillion), the United Kingdom ($4.2 trillion) and India ($4.1 trillion), and would rank the fourth- and fifth-largest economies in the world behind the U.S. ($32 trillion), China ($20.8 trillion) and Germany ($5.4 trillion)

key backgroundNvidia has held the title of world’s most valuable company since June 2025, when the AI giant surpassed Microsoft. It became the first firm to hit a $5 trillion market cap in October, and its growth has since slowed amid swings in AI-related investor sentiment. Apple held the top spot for market capitalization for much of the previous decade, surpassing Exxon in 2011, before swapping ranks periodically with Microsoft. Nvdia overtook Apple to become the second-largest company by market value in June 2024, behind Microsoft, before surpassing both companies two weeks later to become the world’s largest company forthe first time.

further readingForbesApple Claims OpenAI Stole Trade Secrets In New LawsuitBy Madhulika Pathak