Track market-moving stories before they get noisy

Nvidia (NVDA 1.97%) enjoys one particular attribute that is a hallmark of many successful companies: It's still being led by one of its founders, Jensen Huang. There are countless examples of visionaries who have built business empires, and Huang ranks among the best.

Over the company's past few quarterly conference calls, Nvidia has repeatedly told investors it expects that the world's annual data center capital expenditures could grow to up to $4 trillion by 2030. That's a huge prediction, and if it's right, Nvidia could become a $20 trillion stock over the next few years.

That would be a gigantic increase from its $5 trillion market cap today, but the math to support that prediction is pretty simple. 

Image source: Nvidia.

The data center build-out could last for many years Nvidia makes GPUs and the various products that support their use in data centers. Its GPUs have become the gold standard by which all high-performance parallel processors are measured. Furthermore, Nvidia captured the vast majority of the market in the early days of the AI arms race, which makes it incredibly difficult for data center operators to switch away from its products now. This advantage will only grow as more data centers are built.

The big four AI hyperscalers have estimated that they will spend a total of around $650 billion on data center capital expenditures in 2026. That figure doesn't include the spending of neoclouds, international players in markets such as China, nor other rising stars like large language model developers Anthropic and OpenAI.

With that in mind, we can estimate that 2026's actual total data center spend will be something more like $800 billion. Huang's prediction of $4 trillion in global data center capital expenditures by 2030 would therefore be a fivefold rise. If Nvidia keeps capturing its current share of that market's sales and profits, its top and bottom lines would rise proportionally.

The company only needs to quadruple to reach a $20 trillion market cap from today's level, so Nvidia could actually lose market share and still hit that target, assuming Huang's projection for data center capex pans out.

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However, I don't see that market share loss as likely. Nvidia is still rapidly growing: In its latest quarter, revenue grew 85% year over year. Next quarter, Wall Street analysts expect nearly 100% revenue growth. All that growth is without any chip sales to China. But that could be changing.

A U.S. official recently stated that "very few" Nvidia H200 chips have been shipped to China. While that may sound negative, that comment can actually be read as a strong sign that Nvidia is returning to the Chinese market. The U.S. government banned the export of most of its high-end chips to China, and even after President Trump relaxed those restrictions somewhat, the Chinese government has been putting roadblocks in the way of Nvidia's return. If those barriers are coming down, that would be a growth catalyst for sales that's currently not factored into any of the company's guidance figures. The result could be even greater growth for Nvidia and better returns for its shareholders.

Given the potential for Nvidia to quadruple over the next four and a half years, it's a no-brainer buy at these levels.

DSM Capital Partners LLC decreased its holdings in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 5.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,208,018 shares of the computer hardware maker’s stock after selling 316,001 shares during the quarter. NVIDIA makes up 16.1% of DSM Capital Partners LLC’s investment portfolio, making the stock its biggest holding. DSM Capital Partners LLC’s holdings in NVIDIA were worth $908,278,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Sageworth Trust Co raised its position in NVIDIA by 21.6% during the 1st quarter. Sageworth Trust Co now owns 22,302 shares of the computer hardware maker’s stock worth $3,889,000 after purchasing an additional 3,963 shares during the last quarter. Frank Rimerman Advisors LLC grew its position in shares of NVIDIA by 1.0% in the 1st quarter. Frank Rimerman Advisors LLC now owns 565,454 shares of the computer hardware maker’s stock valued at $98,615,000 after buying an additional 5,570 shares during the last quarter. Stenger Family Office LLC grew its position in shares of NVIDIA by 10.8% in the 1st quarter. Stenger Family Office LLC now owns 154,848 shares of the computer hardware maker’s stock valued at $27,005,000 after buying an additional 15,077 shares during the last quarter. Impact Investors Inc increased its stake in shares of NVIDIA by 3.9% in the first quarter. Impact Investors Inc now owns 16,175 shares of the computer hardware maker’s stock valued at $2,821,000 after buying an additional 601 shares during the period. Finally, Richmond Investment Services LLC increased its stake in shares of NVIDIA by 6.1% in the first quarter. Richmond Investment Services LLC now owns 41,594 shares of the computer hardware maker’s stock valued at $7,254,000 after buying an additional 2,400 shares during the period. 65.27% of the stock is currently owned by institutional investors and hedge funds.

Key NVIDIA News 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 Insider Transactions at NVIDIA In other NVIDIA news, Director John Dabiri sold 625 shares of NVIDIA stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $214.00, for a total transaction of $133,750.00. Following the completion of the transaction, the director owned 14,163 shares in the company, valued at approximately $3,030,882. The trade was a 4.23% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 value of $3,343,815.00. Following the sale, the director directly owned 116,135 shares of the company’s stock, valued at $25,053,803.55. This represents a 11.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,901,125 shares of company stock valued at $410,583,015 over the last three months. Corporate insiders own 3.94% of the company’s stock.

Wall Street Analyst Weigh In Several brokerages recently commented on NVDA. Raymond James Financial reiterated a “strong-buy” rating and issued a $330.00 target price on shares of NVIDIA in a report on Thursday, May 21st. Melius Research set a $400.00 price target on shares of NVIDIA in a report on Thursday, May 21st. President Capital boosted their price target on shares of NVIDIA from $280.00 to $295.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. New Street Research reduced their price objective on shares of NVIDIA from $343.00 to $340.00 in a research note on Thursday, May 21st. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $325.00 price objective on shares of NVIDIA in a research report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $304.26.

Check Out Our Latest Analysis on NVDA

NVIDIA Price Performance Shares of NVDA opened at $202.81 on Friday. The business’s fifty day moving average is $209.63 and its 200 day moving average is $195.10. NVIDIA Corporation has a 12-month low of $164.07 and a 12-month high of $236.54. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.04. The stock has a market cap of $4.91 trillion, a P/E ratio of 31.06, a P/E/G ratio of 0.45 and a beta of 2.21.

NVIDIA (NASDAQ:NVDA – Get Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.11. 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 business posted $0.81 EPS. NVIDIA’s quarterly revenue was up 85.2% on a year-over-year basis. Sell-side analysts anticipate that NVIDIA Corporation will post 8.79 earnings per share for the current fiscal year.

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

NVIDIA Increases Dividend The firm also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Thursday, June 4th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, June 4th. 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%. NVIDIA’s payout ratio is presently 15.31%.

NVIDIA Profile (Free Report)

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

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

Featured 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).

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Posted by Defense World Staff on Jul 19th, 2026

Frank Rimerman Advisors LLC boosted its stake in NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 1.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 565,454 shares of the computer hardware maker’s stock after acquiring an additional 5,570 shares during the quarter. NVIDIA accounts for 6.5% of Frank Rimerman Advisors LLC’s portfolio, making the stock its largest position. Frank Rimerman Advisors LLC’s holdings in NVIDIA were worth $98,615,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Diversified Enterprises LLC boosted its position in NVIDIA by 44.2% during the fourth quarter. Diversified Enterprises LLC now owns 127,604 shares of the computer hardware maker’s stock valued at $23,798,000 after purchasing an additional 39,129 shares during the last quarter. ASR Vermogensbeheer N.V. increased its position in shares of NVIDIA by 1.8% during the 4th quarter. ASR Vermogensbeheer N.V. now owns 3,169,377 shares of the computer hardware maker’s stock worth $591,086,000 after purchasing an additional 54,877 shares during the last quarter. PMG Family Office LLC acquired a new position in shares of NVIDIA during the 3rd quarter worth approximately $2,150,000. Storen Legacy Partners LLC acquired a new stake in shares of NVIDIA in the 4th quarter valued at approximately $1,350,000. Finally, Weaver Capital Management LLC boosted its holdings in shares of NVIDIA by 5.5% in the 4th quarter. Weaver Capital Management LLC now owns 85,216 shares of the computer hardware maker’s stock valued at $15,893,000 after buying an additional 4,439 shares during the last quarter. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Down 2.2% Shares of NVDA opened at $202.81 on Friday. The firm has a market cap of $4.91 trillion, a P/E ratio of 31.06, a price-to-earnings-growth 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 52 week low of $164.07 and a 52 week high of $236.54. The firm’s 50-day simple moving average is $209.63 and its 200 day simple moving average is $195.10.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.11. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The company had revenue of $81.61 billion during the quarter, compared to analysts’ expectations of $78.42 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. The business’s revenue was up 85.2% on a year-over-year basis. On average, analysts forecast that NVIDIA Corporation will post 8.79 earnings per share for the current year.

NVIDIA declared that its board has approved a share repurchase program on Wednesday, May 20th that allows the company to buyback $80.00 billion in shares. This buyback authorization allows the computer hardware maker to buy up to 1.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

NVIDIA Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Thursday, June 4th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, June 4th. This represents a $1.00 dividend on an annualized basis and a yield of 0.5%. This is a positive change from NVIDIA’s previous quarterly dividend of $0.01. NVIDIA’s payout ratio is currently 15.31%.

Insiders Place Their Bets In other NVIDIA news, Director John Dabiri sold 625 shares of NVIDIA stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $214.00, for a total value of $133,750.00. Following the completion of the transaction, the director directly 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen C. Neal sold 15,500 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $215.73, for a total value of $3,343,815.00. Following the completion of the transaction, the director directly owned 116,135 shares of the company’s stock, valued at approximately $25,053,803.55. This trade represents a 11.77% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,901,125 shares of company stock worth $410,583,015 in the last 90 days. Company insiders own 3.94% of the company’s stock.

Analyst Ratings Changes A number of equities analysts recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of NVIDIA in a report on Wednesday, July 8th. CICC Research boosted their price objective on shares of NVIDIA from $240.60 to $268.30 and gave the stock an “outperform” rating in a research note on Friday, May 22nd. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $315.00 target price (up from $265.00) on shares of NVIDIA in a report on Tuesday, May 12th. JPMorgan Chase & Co. lifted their price target on NVIDIA from $265.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, May 21st. Finally, BNP Paribas Exane boosted their price target on NVIDIA from $270.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, forty-eight have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, NVIDIA currently has a consensus rating of “Moderate Buy” and a consensus target price of $304.26.

Get Our Latest Report on NVIDIA

More NVIDIA News 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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Nvidia (NASDAQ: NVDA) could see its stock climb modestly by August 1, 2026, according to a forecast generated by Finbold’s AI Agent. 

The model analyzed the semiconductor giant using four large language models and technical indicators.

The machine learning-driven prediction projects Nvidia shares will trade at an average price of $203.63 by August 1, representing a 0.41% gain from the stock’s press-time price of $202. 

NVDA stock price prediction. Source: Finbold The forecast was derived from models including Claude Opus 4.6, DeepSeek Chat, GPT-5.2, and Grok 4.1, alongside technical signals such as the Moving Average Convergence Divergence (MACD), Relative Strength Index (RSI), Stochastic Oscillator, and a broader AI scoring system.

Among the four models, GPT-5.2 delivered the most bullish outlook, forecasting Nvidia stock at $214.50, implying upside of 5.77% from current levels.

Grok 4.1 was also positive, projecting a price of $208.50, or a gain of 2.81%. In contrast, Claude Opus 4.6 predicted Nvidia would decline to $199.50, while DeepSeek Chat issued the most bearish forecast, targeting $192.00, which would represent a 5.33% drop from current levels.

NVDA stock price prediction. Source: Finbold The prediction comes as Nvidia continues to trade in a relatively tight range following recent volatility after testing support near the $197-$198 area and recovering above the psychologically important $200 level.

Technical indicators used by the AI Agent suggest mixed momentum. In this line, Nvidia’s RSI remains near neutral territory, indicating neither overbought nor oversold conditions. Meanwhile, MACD readings point to stabilizing momentum after a period of weakness earlier in the month.

The stock has largely remained between $190 and $220 in recent weeks as investors assess the pace of artificial intelligence spending and broader semiconductor sector performance.

Nvidia stock fundamentals  The relatively cautious short-term outlook contrasts with Wall Street’s bullish long-term view. Analysts continue to back Nvidia, citing its leadership in AI infrastructure, strong demand for accelerated computing, and the ongoing rollout of its Blackwell platform.

Nvidia’s fundamentals also remain robust, having reported quarterly revenue of $46.7 billion, up 56% year-over-year, while data center revenue rose 56% to approximately $41 billion. The segment continues to drive most of Nvidia’s growth as hyperscalers and enterprises expand AI infrastructure spending.

Still, the stock has faced pressure in recent months as investors reassess AI valuations and future spending trends. 

Concerns over export restrictions, rising competition, and a potential slowdown in AI capital expenditures have contributed to volatility across the semiconductor sector.

Over the last few years, Nvidia (NVDA 1.97%) and Advanced Micro Devices (AMD 0.66%) have traded higher, primarily due to successes in the AI accelerator market. Over that time, Nvidia has dramatically outperformed AMD as it pioneered this market, while AMD has worked to close that gap.

Nonetheless, that stronger performance goes well beyond the AI accelerator industry. It also relates closely to the surprising differences between the two companies, and that divergence may also explain the differing value propositions between the two semiconductor stocks.

Image source: The Motley Fool.

Nvidia's dominance in AI accelerators Admittedly, many of the differences relate to recent changes at Nvidia. As recently as four years ago, when it reported its numbers for the first quarter of fiscal 2023 (ended May 1, 2022), Nvidia was a more diverse company.

At that time, its data center segment, which now designs AI accelerators, had just become the company's largest business segment. The other large segment was gaming, which had traditionally been Nvidia's strength due to its specialty in producing GPUs. Professional visualization and its automotive and robotics segment were also smaller but significant parts of the business.

Fast-forward to the company's first quarter of fiscal 2027 (ended April 26, 2026), and the data center segment now makes up 92% of the company's revenue. Consequently, it no longer breaks out revenue for the other three segments that had existed four years ago, including gaming. Instead, the other 8% of its revenue comes from a segment focused on edge computing, which now includes its gaming products.

Fortunately, with the massive demand for AI chips, this approach has worked out well. Revenue rose by 85% in fiscal Q1 and 65% in fiscal 2026. Considering that the stock trades at just 31 times earnings, it has arguably become too cheap to ignore.

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How AMD differs In contrast, instead of focusing heavily on one business, AMD has more explicitly maintained the distinction of its primary business segments. That began when Lisa Su became AMD's CEO in 2014, and she shifted the company's emphasis to CPUs and GPUs.

Hence, when going back four years to the first quarter of 2022, computing and graphics, plus an enterprise, embedded, and semi-custom division, made up nearly all of its revenue.

Those segments changed to their present form one quarter later. However, the data center business, which designs its AI accelerators, is not dominant in the way Nvidia's is. Instead, it made up around 56% of revenue in the first quarter of 2026, with the client and gaming segment claiming 35% of AMD's revenue.

Its embedded segment claims the remaining 9% of revenue. This is not far below where it was when it first purchased Xilinx, indicating it has not abandoned this business.

Nonetheless, the data center business makes one wonder about AMD's direction. Is it going to become primarily focused on AI accelerators like Nvidia, or will it maintain more diversity?

The diversity strategy may be more likely. Since the embedded segment focuses on edge computing and physical AI, the company has good reason to maintain that segment. Additionally, investors should remember that AMD also focuses heavily on CPUs. These have become more critical to data center build-outs and are not a specialty for Nvidia.

That approach paved the way for AMD's 38% annual revenue growth in Q1 and a 34% annual gain in 2025. Indeed, its 161 P/E ratio may deter new investors. Still, even if it does not close the competitive gap with AI accelerators, AMD's diverse approach puts it in a strong position to remain competitive in the AI market.

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When comparing Nvidia and AMD, it seems industry dominance, specifically when it comes to AI accelerators, has made Nvidia the standout between the two stocks.

Admittedly, AMD's diverse approach of CPUs, GPUs, and embedded chips that can support AI data centers should serve it well and is arguably the right approach as it seeks to catch up to Nvidia. Also, AMD's revenue growth is such that investors are unlikely to turn against the stock long-term.

However, that does not appear to be enough to overcome Nvidia's first-mover advantage in AI accelerators. Moreover, Nvidia offers faster growth and a much lower valuation, which appears to make the stock a better buy at this time.

Nvidia (NVDA 1.97%) is currently down by more than 10% from its all-time high, but it's bound to recoup all those losses by the end of the year. The company is too deeply integrated into the artificial intelligence (AI) boom to lose momentum anytime soon, and its valuation has suddenly become quite cheap.

A strong earnings report on Aug. 26 may be enough to break the current slide and help Nvidia reclaim all-time highs. However, Nvidia looks too good at current levels to wait until earnings.

Image source: Getty Images.

Nvidia still has a practical monopoly on AI chips Nvidia isn't the only AI chipmaker. However, its quarterly revenue exceeds the combined quarterly revenue of Broadcom, Advanced Micro Devices, and Intel. Nvidia also grows faster than all those companies, while having higher net profit margins.

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AI chip demand hasn't slowed down. It's only heating up. Nvidia's 85% year-over-year revenue growth in its fiscal 2027 first quarter shows that hyperscalers are still lining up to buy Nvidia's chips.

Nvidia's graphics processing units (GPUs) are known as the superior chips, and that gives the company tremendous pricing power. Two years ago, Nvidia CEO Jensen Huang told investors that it would be cheaper for hyperscalers to buy Nvidia chips than if competitors gave away their chips for free. If you compare Nvidia's financial results to its peers', his comments stand. Hyperscalers are willing to endure higher prices and multi-month wait times for Nvidia chips, even when competitors can offer cheaper chips and shorter wait times.

It's very hard to find a company with the type of moat that Nvidia has, especially in an industry that is growing as quickly as AI chips.

Artificial intelligence still has multiple years of hyper-growth left Nvidia's biggest customers are reporting higher profits and taking out bonds to buy more chips. AI models like ChatGPT and Gemini have become mainstream products, but that's just the beginning.

Physical AI resources, like humanoid robots and self-driving vehicles, are gradually gaining traction. However, these products can go parabolic in a hurry, just as AI model ChatGPT showed investors. That AI model reached 1 billion monthly active users faster than any app in history, including famed social networks.

Similar trajectories may take place with physical AI, and those products will require Nvidia chips. However, it isn't just physical AI, either. Nvidia is already investing in new multi-year growth cycles, such as AI-RAN and data centers in space.

AI-RAN is closer to commercialization and optimizes cell towers so that they can support AI traffic generated by smartphones. It essentially turns cell towers into micro data centers. Data centers in space are a bit further away, but Nvidia is already making the necessary hires to get a jump-start on the opportunity.

Nvidia has turned itself into the preferred chipmaker, and as each of these opportunities grows, the chipmaker should continue to expand its market share. Combine that with a 24 forward price-to-earnings ratio, and it's difficult to see why the stock wouldn't set a new high by the end of the year.

Posted by Defense World Staff on Jul 18th, 2026

Aljian Capital Management LLC boosted its holdings in shares of NVIDIA Corporation (NASDAQ:NVDA – Free Report) by 1.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 247,033 shares of the computer hardware maker’s stock after purchasing an additional 3,921 shares during the period. NVIDIA comprises 8.9% of Aljian Capital Management LLC’s portfolio, making the stock its 5th biggest holding. Aljian Capital Management LLC’s holdings in NVIDIA were worth $43,083,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Lifetime Wealth Management P.C. acquired a new stake in shares of NVIDIA during the 4th quarter worth about $26,000. Longview Financial Advisors Inc. acquired a new position in NVIDIA in the first quarter valued at about $27,000. Longfellow Investment Management Co. LLC grew its stake in NVIDIA by 47.9% during the second quarter. Longfellow Investment Management Co. LLC now owns 207 shares of the computer hardware maker’s stock worth $33,000 after buying an additional 67 shares during the last quarter. Inspire Investing LLC acquired a new stake in shares of NVIDIA during the fourth quarter worth approximately $44,000. Finally, AlphaCentric Advisors LLC acquired a new stake in shares of NVIDIA during the fourth quarter worth approximately $45,000. 65.27% of the stock is owned by institutional investors and hedge funds.

NVIDIA Stock Down 2.2% NASDAQ:NVDA opened at $202.81 on Friday. The company has a quick ratio of 2.85, a current ratio of 3.44 and a debt-to-equity ratio of 0.04. NVIDIA Corporation has a 12-month low of $164.07 and a 12-month high of $236.54. The stock’s fifty day simple moving average is $209.63 and its 200-day simple moving average is $195.10. The firm has a market capitalization of $4.91 trillion, a P/E ratio of 31.06, a P/E/G ratio of 0.46 and a beta of 2.21.

NVIDIA (NASDAQ:NVDA – Get Free Report) last released its earnings results on Wednesday, May 20th. The computer hardware maker reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.11. The firm had revenue of $81.61 billion for the quarter, compared to analyst estimates of $78.42 billion. NVIDIA had a return on equity of 96.94% and a net margin of 62.97%.The company’s quarterly revenue was up 85.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.81 earnings per share. Equities research analysts expect that NVIDIA Corporation will post 8.81 earnings per share for the current year.

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

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

Wall Street Analyst Weigh In Several research analysts have recently commented on the company. Rothschild & Co Redburn boosted their target price on NVIDIA from $280.00 to $300.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. Wall Street Zen cut NVIDIA from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. HSBC reiterated a “buy” rating and issued a $325.00 price objective (up from $295.00) on shares of NVIDIA in a research report on Tuesday, May 19th. Barclays reissued an “overweight” rating on shares of NVIDIA in a research note on Thursday, May 21st. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $350.00 target price on shares of NVIDIA in a research note on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, forty-eight have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, NVIDIA presently has an average rating of “Moderate Buy” and a consensus price target of $304.26.

Get Our Latest Research Report on NVDA

NVIDIA News Summary 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 Insiders Place Their Bets In other NVIDIA news, Director Stephen C. Neal sold 15,500 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $215.73, for a total value of $3,343,815.00. Following the completion of the transaction, the director directly owned 116,135 shares of the company’s stock, valued at approximately $25,053,803.55. The trade was a 11.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John Dabiri sold 625 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $214.00, for a total value of $133,750.00. Following the completion of the sale, the director owned 14,163 shares of the company’s stock, valued at $3,030,882. This trade represents a 4.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,901,125 shares of company stock worth $410,583,015. Company insiders own 3.94% of the company’s stock.

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.

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Nvidia (NVDA 1.97%) has become one of the key winners of this artificial intelligence (AI) revolution -- this is thanks to the company's early entry into the market with the fastest chips around and its focus on innovation. Nvidia makes graphics processing units (GPUs), the chips that power essential AI tasks like the training and inference of models. All of this has led to enormous levels of earnings growth for the company and a stock price that's soared more than 300% over three years.

Considering Nvidia's leading position in this high-growth market, you may expect it to be one of the most expensive AI stocks out there -- even after recent declines in the sector. But the company is actually among the cheapest. Has Nvidia become a value stock? Let's find out.

Image source: Nvidia.

Nvidia's 30-year story First, let's catch up on the Nvidia story so far. This tech giant has been around for more than 30 years, and in its earlier days, it primarily served the video game industry with its powerful GPUs. But Nvidia later broadened the use of these chips and, in more recent years, recognized their potential in the field of AI. The company made this technology the focus, and it's clearly won that bet.

Nvidia's revenue and profit have soared in the double- and triple-digits, reaching record levels. In the latest quarter, the chip giant reported sales of more than $81 billion and net income of $58 billion. And Nvidia has maintained a gross margin of more than 70% quarter after quarter.

The company hasn't just sold chips, though, and instead has built out its presence to include complete systems and related products and services. And Nvidia has even developed platforms for specific industries, such as healthcare and automotive, so that they can easily apply AI to their needs. So Nvidia isn't just a chip designer but instead the creator of an AI empire.

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Nvidia's valuation vs peers Considering all of this, even during the recent AI stock pullback, you might expect Nvidia to remain pricier than its peers. But this isn't the case. Here's a look at Nvidia's price in relation to forward earnings estimates, along with the valuations of two major peers, Advanced Micro Devices and Broadcom.

NVDA PE Ratio (Forward) data by YCharts

As we can see, Nvidia trades at a significant discount. A look at Nvidia's valuation in relation to its fellow "Magnificent Seven" players paints a similar picture. Nvidia is among the cheapest.

NVDA PE Ratio (Forward) data by YCharts

At these levels, could Nvidia even be considered a value stock? As of January of this year, value stocks and growth stocks had forward price-to-earnings ratios of more than 17 and 29, respectively, according to Siblis Research. This is based on the Russell 1000 growth and value indexes. Nvidia, at 23, finds itself between the two.

In such a situation, Nvidia could appeal to both growth and value investors. The company has a long-established track record of growth and a solid competitive position, and considering this, it looks undervalued. This makes it a nice fit for the value investing style. Nvidia's dominance in AI and the idea that the AI boom may still be in its early stages suggest that significant growth opportunities lie ahead -- and from today's price level, Nvidia stock could skyrocket on future good news. This makes the stock a good choice for growth investors.

Only very cautious investors may hesitate to buy Nvidia stock as the tech industry does involve risk -- and in recent times, worries about massive AI spending levels have weighed on these players. If this continues, AI stocks could traverse a difficult period. And even though long-term prospects remain bright, Nvidia and peers may not be the best choices for cautious investors.

For most other investors, though, Nvidia today offers value and growth, making it an excellent stock to buy and hold as the AI story continues to develop over the long haul.

Adria Cimino has positions in Amazon and Tesla. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Apple, Broadcom, Meta Platforms, Microsoft, Nvidia, and Tesla. The Motley Fool has a disclosure policy.

After a long delay, Nvidia (NVDA 1.97%) is finally selling chips to customers in China.

*Stock prices used were the afternoon prices of July 15, 2026. The video was published on July 17, 2026.

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

Nvidia's (NVDA 1.97%) next-generation Vera Rubin processors and chip systems will be one of the most important product releases in the company's history, so a report about a potential delay in the rollout of the chip giant's upcoming platform is something that investors won't want to see right now.

KeyBanc Capital Markets analyst John Vinh and research firm SemiAnalysis recently noted that thermal issues, problems with the qualification of high-bandwidth memory (HBM), and manufacturing problems with networking components could delay the launch of the Rubin systems. However, Nvidia CEO Jensen Huang quickly quashed such reports, noting that the company is on track to deliver huge volumes of Vera Rubin systems this year.

Here's what he said.

Image source: Nvidia Corporation.

Nvidia is on track to produce Vera Rubin systems in "giant" volumes Bloomberg points out that the reports of a delay in Vera Rubin's rollout are "not true," according to Huang. The Nvidia CEO further said -- "Vera Rubin is already in production. Giant amounts of production incoming."

These comments indicate that Nvidia is on track to meet the incredible demand for its Vera Rubin systems. A potential delay could have slowed down the company's incredible growth trajectory, which is set to improve due to the Rubin systems. After all, the company is anticipating a gigantic $1 trillion in revenue from sales of Vera Rubin and Blackwell processors in 2026 and 2027.

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That's double the $500 billion revenue the company was anticipating from these two chip architectures in 2025 and 2026. Clearly, Nvidia sees Vera Rubin as a key driver of its top line for the next couple of years, and Huang's comments suggest that it is indeed on track to deliver an uptick in growth. One of the most important reasons why Vera Rubin will supercharge Nvidia's growth is that it can significantly reduce artificial intelligence (AI) inference costs.

Moreover, Nvidia dominates the AI inference market despite rising competition, and Vera Rubin should ideally help it cement its leadership. As such, it is easy to see why analysts are bullish about Nvidia and expect this AI stock to deliver impressive gains over the coming year.

Wall Street expects Nvidia stock to jump higher, but it could do better Nvidia's 12-month median price target of $300 points to a potential jump of 45%. What's more, 62 of the 66 analysts covering Nvidia stock rate it as a buy. However, Nvidia could soar past the median price target.

Nvidia's earnings-per-share growth is poised to accelerate in fiscal 2027 to 88%, well above last year's 60% growth. The forecast for the next couple of years points toward a sustained improvement in its bottom line.

Data by YCharts

If Nvidia trades at 25.5 times earnings (in line with the Nasdaq-100 index) at the end of fiscal 2029 and its earnings per share reach $16.06, its stock price will reach $409. That's double Nvidia's current stock price, indicating that this tech bellwether remains a solid investment, as the impending arrival of Vera Rubin can give its growth and stock price a nice shot in the arm.

Nvidia (NVDA 1.95%) stock plunged nearly 5% early Friday. Shares of the artificial intelligence (AI) leader have been treading water for the past several months, with investors balancing the company's strengths with potential risks.

Today's move is a reaction to more AI model competition from China. Nvidia stock recovered some of the early drop but remained down 2.2% as of 11:11 a.m. ET. Here's why investors should be better prepared to jump in on the dip.

Image source: The Motley Fool.

From DeepSeek to Moonshot The AI market is more mature than it was in early 2025 when DeepSeek shook the AI world with the release of a free chatbot app and its new reasoning model. Still, news today that Chinese start-up Moonshot AI has unveiled a new model that, according to the company, narrows the gap with top U.S. systems, including those from OpenAI and Anthropic, rattled some investors.

Nvidia shares sank along with many others in the tech sector on fears that lower-cost tokens will reduce or shift big tech's capital spending for growing AI infrastructure. Like with DeepSeek, though, the initial reaction seems overdone.

Nvidia continues to grow its expansive business, and investors shouldn't panic even as competitors release more efficient technology that could supplant some of its existing products. The company even announced yesterday that it is expanding its AI footprint in Japan with new partnerships.

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Nvidia stock remains very reasonably priced, and buying on dips may look like a good move after the company provides its next quarterly update, which should prove growth continues at a brisk pace.

Howard Smith has positions in Nvidia. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

© Tapati Rinchumrus / Shutterstock.com

A new exchange-traded fund is trying to package the biggest names in artificial intelligence into a single ticker that also pays regular income. Tapp Finance, doing business as TappAlpha, has launched the TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (CBOE:TMGN), which lists on the Cboe BZX Exchange.

TMGN carries a 0.88% management fee, which the prospectus lists as the fund’s total annual operating expenses. That works out to $88 a year on a $10,000 investment. It is actively managed, aims for monthly distributions, and holds ten of the largest US tech and growth stocks alongside a daily options-selling strategy meant to generate income.

What the Fund Does TMGN is built around the Cboe Magnificent 10 Index, an equal-weighted basket of 10 large-cap, US-listed technology and growth-oriented companies with listed options. According to the prospectus, current members are NVIDIA (NASDAQ:NVDA | NVDA Price Prediction), Microsoft (NASDAQ:MSFT), Apple (NASDAQ:AAPL), Amazon (NASDAQ:AMZN), Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:META), Tesla (NASDAQ:TSLA), Broadcom (NASDAQ:AVGO), AMD (NASDAQ:AMD), and Palantir (NASDAQ:PLTR). The index is rebalanced monthly and reviewed quarterly. Because every stock starts at roughly equal weight, a smaller name like Palantir carries the same starting weight as NVIDIA.

The “daily income” piece comes from a covered-call overlay. Each trading day, the fund writes out-of-the-money call options that expire the same day, known on Wall Street as “0DTE” contracts. It collects a premium for each option sold. In the adviser’s view, a daily strategy “provides a higher income potential and a more stable income level in volatile markets” than a monthly cycle. The prospectus also allows for weekly options, put spreads, or multi-leg strategies as defensive actions during periods of heightened volatility.

Writing calls caps how much the fund can earn when these stocks rally hard, which is the core trade-off. The prospectus states plainly that the strategy “will limit the Fund’s participation in gains” above the strike prices. TMGN is also classified as non-diversified and is currently concentrated in the semiconductor industry, spanning three sectors: Information Technology, Consumer Discretionary, and Communication Services.

How It Stacks Up Against Rivals TappAlpha’s pitch is combining a mega-cap growth basket with steady option premium income. The daily 0DTE mechanic is the differentiator. Direct competitors already exist. YieldMax’s Magnificent 7 covered-call fund runs a similar covered-call playbook on the original seven and charges a 1.34% expense ratio, well above TMGN’s 0.88%. Roundhill’s Magnificent 7 ETF offers plain vanilla exposure without an income overlay at a lower fee, while Defiance’s 0DTE income fund runs a similar strategy on the broader Nasdaq-100. TMGN’s twist is broader membership, adding AMD and Palantir to the standard seven, wrapped in the daily options mechanic.

Who It Might Suit and the Risks TMGN is designed for investors who want mega-cap AI exposure but also want regular income, and who accept a ceiling on upside in exchange for premium collection. Income-focused accounts are the obvious target audience.

Several risks deserve weight. TMGN has no live track record, so there is nothing to judge it by yet. New ETFs often trade with wide bid-ask spreads until assets grow, and small funds sometimes close if they fail to gather assets. Distributions are monthly, not daily, and the prospectus warns that payouts “may include a return of capital” and are not guaranteed in any given month. Covered-call strategies historically lag in strong bull markets. If the basket rips higher, TMGN will trail a straight long position.

The Magnificent 10 has often traded as one AI theme, yet concentration risk is real and dispersion inside the basket is significant. Year-to-date price moves through July 16 illustrate the point: AMD is up 133.91%, Apple 22.81%, Alphabet 13.39%, NVIDIA 11.34%, Broadcom 8.59%, Amazon 8.26%, and Meta 0.85%, while Microsoft is down 16.69%, Tesla down 13.04%, and Palantir down 24.37%. For comparison, the Invesco QQQ Trust (NASDAQ:QQQ) is up 14.92% year to date.

Worth watching from here: how quickly TMGN gathers assets, what its first monthly distributions look like once declared, and whether the daily 0DTE overlay holds up its end during the coming earnings weeks for these mega-caps.

Contact [email protected] for any questions or corrections.

The stock market’s AI trade is entering a new phase. For much of the past two years, investors rewarded companies building the infrastructure behind artificial intelligence — chips, data centers, and networking equipment. That made Nvidia (NASDAQ:NVDA | NVDA Price Prediction) the undisputed market leader as demand for its processors exploded. But markets rarely move in straight lines. 

As AI spending has expanded, investors have started looking beyond the companies writing the biggest checks and toward businesses with durable earnings, strong cash generation, and less dependence on massive capital investments. 

That shift has helped Apple (NASDAQ:AAPL) once again become the world’s most valuable publicly traded company, with a market capitalization of roughly $4.9 trillion, edging past Nvidia at approximately $4.8 trillion.

The changing of the guard says less about Apple suddenly becoming an AI winner and more about investors reassessing what they want from AI exposure.

Nvidia’s AI Crown Is Slipping Nvidia’s rise was one of the defining market stories of the decade. In June 2024, the company became the world’s most valuable stock as demand for its high-end GPUs used to train and run AI models overwhelmed supply.

The company’s dominance was reflected in its financial results, and investors rewarded that growth so that Nvidia’s shares eventually surpassed a $5 trillion valuation. Momentum, though, has since faded. Its stock effectively stalled in August 2025 after its historic run, and while several rallies pushed shares higher, none held. Nvidia now trades about 15% below its all-time high.

The concern is not that AI demand disappeared. It is that expectations became almost impossible to exceed. Nvidia remains the essential supplier of AI computing power, but investors have started asking a different question: How much more upside is left after such a massive run?

The AI trade is shifting from infrastructure to earnings. Apple’s massive cash flow and device ecosystem just pushed it past Nvidia in the race for market supremacy. © 24/7 Wall St. Apple Took The “Lazy” AI Approach — And Investors Like It Conversely, Apple has benefited from doing something unusual in the current AI race: moving slower.

While Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG), Amazon (NASDAQ:AMZN), and Meta Platforms (NASDAQ:META) have committed hundreds of billions of dollars toward AI infrastructure, Apple avoided matching that spending spree. According to company filings, Apple’s capital expenditures totaled $12.7 billion in fiscal 2025 — a fraction of the investment levels from major AI infrastructure players.

That restraint has preserved Apple’s financial flexibility. The company generated $98.8 billion in free cash flow that year, allowing it to continue buybacks, maintain its ecosystem, and invest selectively rather than chase every AI trend. Apple was able to avoid the AI infrastructure spending trap and has positioned itself for a major iPhone upgrade cycle.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Apple didn't make the cut. Grab the names FREE today.

Surprisingly, Apple’s so-called “lazy” AI strategy has become a competitive advantage. Instead of selling AI infrastructure, Apple can focus on putting AI features directly into products used by more than 2 billion active devices.

The market has responded. Apple shares have gained nearly 59% over the past year, driven by expectations that AI-powered iPhone upgrades could unlock a new replacement cycle.

Why Apple May Keep The Lead Apple briefly surpassed Nvidia in April 2025, but this latest victory could prove more durable. This current lead reflects a broader rotation toward companies with predictable earnings and lower capital intensity. Granted, Nvidia remains a critical player in the AI revolution, as its GPUs power the world’s largest AI systems and demand remains strong.

Yet, markets reward future expectations. Investors are increasingly valuing companies that can benefit from AI without spending like AI infrastructure builders.

Key Takeaway In short, Nvidia created the AI boom, but Apple may be better positioned for the next stage of the cycle.

The market is shifting from rewarding companies that spend the most on AI toward companies that can turn AI into profits. Apple’s conservative approach has kept its balance sheet strong while leaving room for a potential iPhone-driven upgrade cycle.

Smart investors should not dismiss Nvidia’s long-term opportunity, but Apple’s combination of cash flow, ecosystem strength, and lower capital requirements gives it a compelling advantage.

The AI race is not only about who builds the biggest machines. Increasingly, it is about who makes the most money from them. Apple appears ready to prove that the winner does not always need the biggest shovel — sometimes it just needs the best business model.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Apple didn't make the cut. Grab the names FREE today.

Contact [email protected] for any questions or corrections.

Apple (AAPL) briefly surpassed Nvidia (NVDA) in market cap as the biggest company on Wall Street after HSBC upgraded the stock to buy from hold. Jenny Horne talks about the “operational turning point” the firm sees in the company, offering insight into the upgrade and price target hike.

I keep hitting the buy button on NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) because every time Main Street panics about Trainium, TPUs, or Meta’s Iris chip stealing Jensen Huang’s lunch, the receipts land and the panic looks smaller. Reddit sentiment on NVDA dropped to a bearish score of 32 on July 9 on the back of the DeepSeek and Meta $145B chip budget posts. I read those threads. Then I read the earnings report. Then I bought more.

What Actually Keeps Me Buying The custom silicon story sounds terrifying until you look at what hyperscalers are actually doing with their money. Amazon’s own $200 billion 2026 capex plan explicitly funds one million+ NVIDIA GPUs to be deployed starting in 2026 alongside Trainium. ASICs are narrow. NVIDIA sells the general-purpose fabric that every model, every framework, and every cloud already runs on. That is the flexibility bottleneck ASICs cannot break, the CUDA software fort I refuse to bet against, and the system-level engineering (NVLink, InfiniBand, Dynamo, Blackwell, Vera Rubin) that turns racks into what Jensen calls AI factories.

The numbers back the story. Q1 FY2027 revenue landed at $81.615 billion, up 85.23% year over year, with Data Center at $75.246 billion (+92%) and networking up 199%. Non-GAAP gross margin sat at 75.0%. Free cash flow hit $48.554 billion in a single quarter. That is a fourth consecutive EPS beat, at $1.87 versus $1.7738 consensus.

Then there is the demand signal. $119.0 billion in total supply-related commitments represents booked capacity. Management is confident enough to raise the dividend from $0.01 to $0.25 per share and add an $80 billion buyback authorization, with roughly $20 billion returned in Q1 alone.

Why Not Just Buy Amazon Instead Amazon (NASDAQ:AMZN) is the obvious counter. I own some. I am not adding here. Amazon’s P/FCF sits at 349.33 against NVIDIA’s 51.96, ROE is 22.3% versus 101.5%, and gross margin is 50.3% versus 71.1%. The kicker: Amazon’s TTM free cash flow declined 95% to $1.2 billion as capex ripped higher, while long-term debt jumped to $119.1 billion from $65.6 billion. NVIDIA collects the checks Amazon is writing.

The Risk I Will Not Wave Away China is real. Zero H20 shipments in Q1 versus $4.6 billion the prior year, and Q2 guidance assumes no China Data Center compute revenue. The $119 billion in supply commitments also creates real downside if AI capex cools. The company delivered 85% revenue growth with China at zero. The moat held while the largest customer market was subtracted.

Why I Keep Adding Analyst consensus target is $301.62 against a current price of $207.40, with 58 Buy ratings. FY2026 free cash flow of $96.58 billion funds the compounding I care about. Every hyperscaler that builds its own chip still buys more NVIDIA. That is the trade I keep making, and I am not done making it.

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.

ATLANTA--(BUSINESS WIRE)---- $QMLS #NASDAQ--QumulusAI (Nasdaq: QMLS), a neocloud infrastructure provider purpose-built for the AI computing era, today announced it has been approved as an NVIDIA Cloud Partner (NCP) within the NVIDIA Partner Network (NPN), reinforcing its ability to bring high-performance compute online quickly to meet growing customer demand. As an NVIDIA Cloud Partner, QumulusAI can work with AI-native companies, enterprises, and machine learning teams to deploy NVIDIA AI infrastructure for mod.

Apple is within striking distance of overtaking Nvidia as the world's most valuable company, a milestone that would ​reshuffle the ranks of tech heavyweights as investors reassess the outlook for AI.

Nick Parker, Nvidia's incoming executive vice president of Worldwide Field Operations. Bloomberg/Getty Images Nvidia is ushering in a new era for its global sales organization.

In June, Jay Puri — the chip giant's head of worldwide field operations, and a billionaire who served in Nvidia CEO Jensen Huang's inner circle — told the company he is retiring after 21 years. He will transition to an advisory role.

To replace him, Nvidia looked outside its ranks — something of an unorthodox move for a C-Suite synonymous with long tenures, internal promotions, or executives coming in from acquisitions.

Nick Parker, a 26-year Microsoft veteran, joins Nvidia next month. Most recently, he served as executive vice president and chief business officer of Microsoft's worldwide sales and solutions organization.

Prior to his departure from Microsoft, Business Insider learned that Parker had just accepted a role leading its new $2.5 billion Microsoft Frontier Company, which connects 6,000 engineers and industry experts with its customers to help with AI. The role included a CEO title and a bigger head count than Parker's previous role, according to people familiar with the matter.

Per a securities filing, Parker's pay package at Nvidia includes $40 million in stock awards, a $5 million signing bonus, and a $1 million annual base salary.

The hire signals to Wall Street that Nvidia isn't "resting on its laurels" as the dominant AI chipmaker and is eyeing its next chapter of growth, said David Nicholson, chief technology advisor at The Futurum Group.

Puri steered Nvidia's global sales during its rise from a graphics card company into the world's dominant AI chip maker.

Parker inherits a different challenge. Rather than selling more AI chips, Nvidia needs to help customers successfully deploy AI — a job well suited to someone who spent 26 years selling enterprise technology at Microsoft.

Parker also brings deep relationships with governments, cloud providers, and other partners, said Brad Gastwirth, the global head of research and market intelligence at Circular Technology.

As Nvidia pushes deeper into business software, it faces a familiar challenge: helping large, highly regulated companies move from buying AI infrastructure to deploying it.

Earlier this year, Business Insider reported that Nvidia sales executives discussed how Bank of America struggled to deploy the chip giant's AI Factory software, highlighting common hurdles across industries.

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

Have a tip? Contact this reporter via email at [email protected] or Signal at @geoffweiss.25. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely.

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Geoff Weiss You're currently following this author! Want to unfollow? Unsubscribe via the link in your email.

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

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Characteristics and Risks of Standardized Options: https://bit.ly/2v9tH6D. Nvidia (NVDA) is a Mag 7 giant "catching its breath," says Kevin Hincks.

Nvidia stock NVDA fell 2.5% on Thursday, tracking a broader decline in semiconductor stocks, even as the company announced new artificial intelligence partnerships and products aimed at expanding its presence in Japan.

The stock traded at $207.27 in midday trading, broadly in line with the wider chip sector.

The PHLX Semiconductor Index was also down 2.5%.

The announcements come as investors continue to question the sustainability of Big Tech spending on AI infrastructure, prompting Nvidia to broaden its customer base beyond its largest US cloud computing clients.

Nvidia said it will provide AI chips and computing infrastructure for foundational AI models to Noetra, a government-backed Japanese AI initiative backed by companies including SoftBank, Sony, and Honda.

Under the initial deployment, Noetra will install 13,750 Nvidia Vera central processing units and 27,500 Nvidia Rubin graphics processing units, providing 140 megawatts of data center capacity.

The companies did not disclose the financial terms of the agreement.

While the deployment is modest compared with the hundreds of thousands of chips Nvidia sells to its largest US customers, the company has identified sovereign AI as a growing business.

Nvidia said revenue from sovereign AI—government-backed efforts to develop independent artificial intelligence capabilities—more than tripled year over year to more than $30 billion in fiscal 2026.

The company said it expects further growth from the segment.

Separately, Nvidia announced collaborations with several Japanese companies focused on physical AI, which encompasses robotics, autonomous driving, and other real-world AI applications.

The company introduced two new supercomputing modules, the T3000 and T2000, based on its Thor computing architecture.

Nvidia said the modules are designed to support mass-market robotics.

On Wednesday, Nvidia also unveiled Cosmos 3 Edge, a new artificial intelligence model for robots and vision AI agents.

According to the company, Cosmos 3 Edge is a world model designed to help AI systems perceive and navigate physical environments in real time.

Nvidia said world models can learn from a broader range of inputs than large language models. The launch follows the introduction of Cosmos 3 in May.

The announcements coincide with Chief Executive Jensen Huang's two-day visit to Japan, where Nvidia is expanding its physical AI ecosystem.

According to the company, Fujitsu, Hitachi, and Kawasaki Heavy Industries intend to join a coalition aimed at advancing physical AI technologies in Japan.

“The next frontier of AI is in the physical world, and this is a once-in-a-generation opportunity for Japan,” Huang said in a Wednesday statement. “Japan invented modern manufacturing. Now, it has the opportunity to reinvent it for the age of intelligent industries.”

Nvidia's latest initiatives build on broader investment in Japan's AI ecosystem.

The company's partnerships come months after Microsoft announced a $10 billion investment in Japan to expand AI infrastructure and strengthen cybersecurity.

SoftBank has also increased its investments in artificial intelligence and is seeking to partner with Microsoft and Sakura Internet to advance AI development in the country.

According to the International Trade Administration, Japan's artificial intelligence market is expected to reach $27.9 billion by 2029.

The agency attributed the projected growth to the Japanese government's efforts to promote AI adoption across industries and the willingness of domestic companies to pursue international partnerships.

Nvidia stock has been slow to rally but business in Japan and a robotics push could help in the future.

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.

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Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.

The Style Scores are broken down into four categories:

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

Growth ScoreGrowth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.

Momentum ScoreMomentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

VGM ScoreIf you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.

How Style Scores Work with the Zacks Rank The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.

Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +23.94% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.

But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.

That's where the Style Scores come in.

To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.

As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.

A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.

Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.

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

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

Additionally, the company could be a top pick for growth investors. NVDA has a Growth Style Score of A, forecasting year-over-year earnings growth of 89.7% for the current fiscal year.

17 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2027. The Zacks Consensus Estimate has increased $0.91 to $9.05 per share. NVDA boasts an average earnings surprise of +5.5%.

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

Technologické akcie mají za sebou mimořádně silné období, ale podle analytika Patria Finance Branislava Sotáka nejdůležitější investiční příběh posledních let ještě zdaleka nekončí. Přestože se část investorů obává, že už jsme u vrcholu AI boomu, růst rekordních kapitálových výdajů technologických gigantů zatím žádné zásadní ochlazení nenaznačuje. V podcastu Analytický radar vysvětluje, proč dál věří Nvidii, kde vidí nové příležitosti v polovodičovém řetězci a proč začíná být zajímavý i dlouho přehlížený softwarový sektor.

00:32 Cyklické paměťové čipy
08:48 Nvidia zpět v Investičních tipech
16:21 Advanced Packaging jako nové úzké hrdlo
18:43 ASML a podpora ze strany Intelu
21:28 Investiční AI cyklus a inflace
29:33 Návratnost AI investic
34:35 Boj o kapitál
40:35 Software jako nový hedge? 

AI cyklus nekončí, ani nevykazuje známky únavy

Investiční svět se v posledních dvou letech točí kolem umělé inteligence. Zatímco mnozí investoři se už začínají bát vyčerpání růstového příběhu, Branislav Soták podobné obavy zatím nesdílí. „AI investiční cyklus zatím nekončí, nevykazuje žádné známky zpomalení,“ říká otevřeně.

Investice do AI infrastruktury se postupně staly jedním z hlavních motorů americké ekonomiky. „Odhaduje se, že až šest nebo sedm procent amerického HDP letos tvoří investice do AI infrastruktury.“ AI je tak bez nadsázky alfa a omega současného trhu. „Ať se podíváme na výkonnost indexů, nebo na růst zisků firem, všude najdeme AI.“

Paměťové čipy zažívají bezprecedentní boom

Jedním z největších vítězů současného cyklu jsou výrobci paměťových čipů. Trojice Micron, Samsung a SK Hynix těží z extrémního nedostatku výrobních kapacit a tlačí ceny prudce vzhůru. „Tato situace je bezprecedentní. Nic podobného jsme v minulosti neviděli a zatím nic nenasvědčuje tomu, že by měla v dohledné době skončit,“ říká Soták.

Přesto upozorňuje, že právě tento segment zůstává dlouhodobě cyklický. Investoři by proto neměli podlehnout dojmu, že současný boom potrvá věčně. „Paměťový segment byl vždy cyklický a podle mého názoru si tuto povahu zachová i do budoucna.“ První skutečný test současné cenové síly podle něj přijde ve druhé polovině příštího roku, kdy začne Micron zprovozňovat nové výrobní kapacity v americkém Idahu.

Nvidia už není jen výrobce čipů

Jednou z nejzajímavějších změn posledních měsíců bylo opětovné zařazení Nvidie mezi investiční tipy Patria Finance. Důvodů je podle Sotáka hned několik. „Pokud člověk věří, že investiční cyklus do AI nekončí, pak je Nvidia paradoxně velmi levná expozice na tento trend.“

Přestože akcie Nvidie za poslední roky vzrostly o tisíce procent, ocenění firmy není podle něj přehnané. „Valuace Nvidie dnes není vyšší než před pěti lety. Akcie jsou mnohonásobně výše, ale firma je úplně jiná.“

Klíčové navíc je, že Nvidia už dávno není pouze výrobcem grafických procesorů. S novou generací Vera Rubin rozšiřuje své působení směrem k procesorům CPU, síťové infrastruktuře, optickým propojením i softwarové platformě CUDA. Právě tato diverzifikace podle Sotáka výrazně zvyšuje odolnost byznysu. „Je to celý technologický stack, který zákazník kupuje.“

Nové úzké hrdlo?

Zatímco investoři se dlouhé měsíce soustředili na nedostatek výpočetních čipů a pamětí, Soták upozorňuje na další potenciálně kritické místo celého řetězce. Takzvaný advanced packaging. Jde o závěrečnou fázi výroby čipů, kdy se jednotlivé komponenty skládají do jednoho funkčního systému.

„Advanced packaging je úzkým hrdlem polovodičového řetězce už poměrně dlouho a zatím nic nenasvědčuje tomu, že by se to mělo změnit.“

Z tohoto trendu podle něj mohou těžit nejen společnosti typu Taiwan Semiconductor Manufacturing (TSMC), ale také výrobci specializovaných zařízení jako ASML, Applied Materials nebo BE Semiconductor.
ASML zůstává evropskou jedničkou

Právě ASML patří mezi firmy, které Soták považuje za dlouhodobě mimořádně atraktivní v Evropě. Nizozemská společnost je prakticky monopolním dodavatelem strojů pro výrobu nejpokročilejších čipů na světě. „ASML je podle mě jedna z nejlepších evropských akcií pro dlouhodobé držení.“

Investory u ní sice v posledních měsících znepokojily informace o odkladu nasazení nejmodernější generace výrobních strojů ze strany TSMC. Soták však upozorňuje, že prostor rychle zaplnil Intel. „Vypadá to, že hozenou rukavici zvedl Intel, který už nejmodernější stroje ASML nasadil do výroby.“

Inflace největším krátkodobým rizikem

Ačkoli se většina technologických investorů soustředí na AI, Soták upozorňuje, že trhy stále velmi citlivě reagují na vývoj inflace. „Nejhorší dny pro technologický sektor v prvním pololetí přišly ve chvílích, kdy se připomněla inflační hrozba.“

Vyšší inflace totiž tlačí vzhůru dlouhé výnosy dluhopisů, což následně zvyšuje diskontní sazby používané při oceňování akcií. A nejcitlivější jsou právě růstové technologické firmy. „Rychle rostoucí společnosti mají větší část očekávaných cash flow v budoucnosti, a proto na růst sazeb doplácejí nejvíce.“

Podle Sotáka však ani případné vyšší náklady financování nemusí zásadně ohrozit AI investice. „O investicích nebude rozhodovat jejich cena, ale návratnost a konečná poptávka. A tam zatím žádné problémy nevidíme.“

IPO OpenAI a Anthropic? Krátkodobé zemětřesení, nikoliv konec příběhu

Velkým tématem příštích měsíců budou také očekávané veřejné nabídky akcií firem OpenAI a Anthropic. Podle Sotáka může jít krátkodobě o významný faktor pro trh. „Pravděpodobně půjde hlavně o problém absorbovat nové množství kapitálu, které na trh přijde.“

Naopak z dlouhodobého pohledu zůstává hlavní otázka stále stejná. „Nejdůležitější je, kde jsme v rámci AI cyklu a jestli bude pokračovat. A zatím nevidíme žádné známky, že by se měl zlomit.“

Právě tato jednoduchá teze podle Branislava Sotáka vysvětluje nejen vývoj technologických akcií, ale i většiny globálních finančních trhů. Dokud totiž nepřijde důkaz, že poptávka po AI infrastruktuře slábne, zůstává umělá inteligence dominantním investičním příběhem současnosti.

Přehlížená příležitost roku?

Zatímco výrobci čipů a infrastruktury kralují trhu, softwarový sektor letos výrazně zaostal. Právě to však podle Sotáka vytváří příležitost. „Brutální propad softwarových akcií byl podle mě překvapivý i pro celý trh.“

Firmy jako ServiceNow, Salesforce nebo FactSet nyní podle něj paradoxně nabízejí kombinaci nižšího ocenění a vysoké schopnosti generovat hotovost. „Free cash flow yield je u řady těchto společností dvojciferný. Připomíná to velké technologické firmy před nástupem AI investiční horečky.“

Zajímavé je podle něj i chování těchto titulů během tržních výkyvů. Když investoři zpochybní tempo AI investic, výrobci čipů obvykle prudce klesají. Softwarové společnosti naopak mnohdy rostou. „Software se poslední dobou chová trochu jako hedge vůči hardwaru.“

HomeStock IdeasLong IdeasTech 

SummaryTSMC and ASML both raised guidance, confirming AI infrastructure remains supply constrained, while Rubin's N3 node is fully booked and CoWoS capacity expands nearly 50%.Nvidia's Kyber delay concerns appear limited to Rubin Ultra, leaving mainstream Rubin NVL72 deployments and near-term revenue expectations largely unchanged.Qualification of Samsung, SK hynix and Micron for HBM4 reduces supply-chain risk as the industry shifts toward higher-capacity 16-Hi HBM4 memory.Despite 82% projected FY2027 revenue growth, Nvidia's valuation compresses materially, while upstream capacity expansion suggests AI infrastructure investment remains in its early stages. Getty Images

I believe that the market is getting too focused on Nvidia's (NVDA) quarterly results execution and failing to acknowledge the most robust indication of its outlook. The most bullish signals are no longer coming from

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Analyst’s Disclosure: I/we have a beneficial long position in the shares of NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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