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Nvidia CEO Jensen Huang. Chung Sung-Jun/Getty Images Even Nvidia isn't immune to the AI chip shortage.

The company's automotive division still has to compete internally for access to the GPUs that have made Nvidia the world's most valuable company, according to Xinzhou Wu, Nvidia's head of automotive.

"Even at Nvidia, basically we do have a limited supply of GPU for compute," Wu said in an episode of The Verge's "Decoder" podcast that aired on Monday.

As demand for Nvidia's chips continues to surge from AI companies building massive data centers, Wu said different teams across the company regularly compete for computing resources needed to train and test their own AI models.

"We have an internal priority, and I'm working with my colleagues basically almost on a weekly basis to decide how to set aside this different compute, sometimes for training, sometimes for test resources for different threads of work in the company," Wu said.

"And sometimes we need Jensen to help," Wu said of the company's CEO, Jensen Huang.

The comments offer a rare glimpse into how Nvidia allocates resources inside a company whose GPUs have become the backbone of the generative AI boom. Demand for its chips has consistently outpaced supply as companies, including OpenAI, Microsoft, Meta, xAI, and Amazon, race to build ever-larger AI models.

Wu said decisions aren't driven solely by near-term revenue.

"It's all of the above," he said when asked how those trade-offs are made. Nvidia balances current business needs with long-term strategic opportunities, including what Huang calls "the zero trillion dollar business" — entirely new markets that could eventually be worth trillions of dollars, Wu said.

One of those bets is autonomous driving.

Wu said Nvidia believes "everything that moves will be autonomous" and is investing heavily in supplying chips, software, AI models, simulation tools, and safety systems for self-driving vehicles. While the automotive business remains much smaller than Nvidia's booming data-center division, Huang continues to prioritize it.

"We are strong believers — Jensen himself as well — of the AV [autonomous vehicle] future," Wu said. "We are keeping investing basically in this technology and in this future, not only from allocating external compute but from fab capacity as well."

Wu also said that even semiconductor manufacturing capacity has become another internal battleground as demand for Nvidia's chips continues to soar.

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

Thibault is a business reporter at Business Insider's London office.He covers the intersection of wealth, work, and technology — focusing on the global economy, AI’s impact on the workplace, job and cognitive skills, and how economic changes are affecting careers. Before moving to the trending team, Thibault covered international affairs, including the Russia-Ukraine war, tensions in the South China Sea, and Russia’s economy on the news desk.He has previously worked at the Daily Express and held internships at Agence France-Presse, Politico Europe, and Factal.Il parle français. Se habla español.Email Thibault at [email protected], connect with him on LinkedIn @ThibaultSpirlet, or follow him on X @ThibaultSpirlet and BlueSky @thibaultspirlet.bsky.social.Expertise

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Nvidia (NASDAQ: NVDA) could climb to $228.40 by August 1, 2026, according to a forecast generated by ChatGPT.

Based on the company’s latest fundamentals, Wall Street sentiment, and AI infrastructure demand trends, the outlook implies roughly 7.7% upside from Nvidia’s current price of $211.

NVDA one-week stock price chart. Source: Finbold The prediction comes as Nvidia remains one of the market’s most closely watched stocks, with investors assessing whether the AI giant can sustain its rapid growth following another year of record revenue and data center expansion.

Based on current market conditions, ChatGPT projects Nvidia shares will close at $228.40 on August 1, 2026, while estimating a likely trading range between $215 and $242.

ChatGPT assigned a 35% probability that Nvidia will trade between $220 and $240 by August 1, making it the most likely outcome. The model also estimates a 30% chance that shares remain between $200 and $220, a 15% probability of rising above $240, and a 20% chance of falling below $200.

NVDA stock price prediction. Source: ChatGPT The forecast is based on several factors, including strong demand for Nvidia’s Blackwell AI systems, improving access to the Chinese market, and a favorable analyst outlook ahead of the company’s next earnings report.

Nvidia stock bullish drivers  A key driver behind the forecast is continued strength in AI infrastructure spending. Nvidia generated approximately $215.9 billion in fiscal 2026 revenue, up about 65% year over year, highlighting robust demand from hyperscalers and enterprise customers.

Demand for Nvidia’s Blackwell architecture continues to outpace supply, while investors are increasingly focused on the upcoming Rubin platform, which many analysts expect to extend the company’s AI leadership into 2027.

Another catalyst emerged this week after U.S. officials confirmed Nvidia had begun limited shipments of H200 AI chips to approved customers in China. 

While the approvals remain restricted, the move signals improving access to a market previously constrained by export controls and could support future revenue growth.

Despite the favorable outlook, ChatGPT highlighted several risks. Competition is intensifying, particularly in China, where Huawei’s Ascend AI chips are gaining traction among customers seeking alternatives to Nvidia. 

While Nvidia remains the global leader, the competitive landscape is becoming more challenging.

Investors are also monitoring valuation concerns. Nvidia trades at a premium to most large-cap technology stocks, leaving shares vulnerable to any signs of slowing AI demand, margin pressure, or weaker-than-expected guidance.

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Nvidia (NVDA +4.08%) and Cerebras Systems (CBRS 0.40%) both offer something in great need right now: the high-powered compute to fuel artificial intelligence (AI) workloads. Nvidia is the better-known of the two, having been in the chip space for more than 30 years, and today dominates the AI chip market. Cerebras is an exciting new player with a very powerful chip.

Both of these companies could make an interesting investment, and they have seen their shares decline from highs in recent times. This presents a potential buying opportunity. But which is the better discount AI buy right now? Let's find out.

Image source: Getty Images.

The case for Nvidia Nvidia hardly needs an introduction these days. The company has made headlines since the start of the AI boom as its comments set the tone for what happens next in this market. Nvidia designs the world's most sought-after graphics processing units (GPUs), the key chips needed to power essential tasks like the training and inference of models.

The company was first to enter this market and has made innovation a focus -- that's helped it stay ahead of rivals. In fact, Nvidia updates its GPUs on an annual basis, and the next update is right around the corner. The company aims to ship its Vera Rubin platform later this year, and it will offer an important new product: the stand-alone central processing unit (CPU).

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This opens up a new $200 billion market to Nvidia, and the company plans on conquering it. In its latest earnings report, it predicted $20 billion in stand-alone CPU sales this year and said it was on track to dominate this market.

Meanwhile, Nvidia has proven its strength over time, and in recent years has delivered quarter after quarter of double- or triple-digit earnings gains. And earnings have reached record levels amid this AI boom. All of this is likely to continue, considering the sustained level of demand and the idea that AI is in its early days of real-world use.

The case for Cerebras Cerebras may not be a household name like Nvidia, but the company's technology might quickly put it on the radar screens of many investors. This player has designed a giant chip, its wafer-scale engine (WSE), that it says delivers speeds faster than today's GPUs. How has Cerebras accomplished this? By making the WSE 58 times larger than Nvidia's B200 chip.

Cerebras says that this size allows it to offer massive compute and memory bandwidth, and this results in tremendous speed. The company says that in inference, or the thinking AI goes through to solve a problem, it's delivered answers 15 times faster than today's top-selling GPUs. This has translated into growth for Cerebras, with first-quarter revenue soaring 92% to $193 million. And the company recently signed key deals with OpenAI for compute and with Amazon's cloud unit to make its WSE systems more broadly available. So this could be a major transition point for Cerebras, as more potential customers discover its chips and give them a try.

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It's important to note that, considering the high level of demand for compute, Cerebras doesn't have to unseat Nvidia in order to be highly successful and deliver strong growth. Analysts predict the AI market will reach beyond $3 trillion in the early part of the next decade, and this should create a strong revenue opportunity for many chip players.

This young company, founded in 2015, went public in May, raising $5.5 billion in the biggest IPO of 2025 -- until Space Exploration Technologies launched its operation in June, for the largest IPO ever.

The market leader or the young challenger? Cerebras isn't yet profitable, which isn't surprising at this stage of its growth story, but this adds to risk. The stock has slid 30% from its first day of trading, offering an interesting buying opportunity for aggressive investors.

But for most investors, I consider Nvidia the best discount AI buy today. The AI giant is trading at 23x forward earnings estimates, which looks like a steal considering all of the company's strengths.

AI stocks have slipped in recent weeks.

A top U.S. trade official said on Tuesday that "very few" of Nvidia's H200 artificial intelligence chips have been shipped to China and Hong Kong.

"The bottom line is very few shipments against licenses for H200s and equivalents have taken place. It's a very small quantity of chips," Under Secretary of Commerce for Industry and Security Jeffery Kessler said at a congressional hearing.

The remark is a sign that H200 shipments to China have restarted, potentially boosting Nvidia's sales even higher. Since last year, Nvidia has excluded any potential Chinese AI chip revenue from its forecasts and CEO Jensen Huang said on CNBC in May that he told investors to "expect nothing" from Chinese sales.

An Nvidia representative declined to comment.

Nvidia has long sought to ship its AI chips to China, which is one of the largest markets for AI development, but has found itself caught up in a trade and technology war between Washington and Beijing, with most of the company's products under export restrictions to China.

Read more CNBC tech newsBurnout, frustration and heartbreak: Amazon layoffs take their toll in saturated job marketMeta's Louisiana data center investment to reach $50 billion, aided by generous tax incentivesEurope's Anduril rival Helsing raises $1.8 billion at $18 billion valuationElon Musk and Sam Altman spar on X after Apple files OpenAI lawsuitIn December, President Donald Trump said that the U.S. government would approve China sales of the H200 AI chip in exchange for a 25% cut. Licenses for the chips, which some in the administration say can be used for military purposes, were issued earlier this year.

The H200 is an older Nvidia chip in the Hopper generation, while American companies are currently using faster and more powerful Blackwell chips.

Kessler said that the U.S. government assessed companies that want the H200 chips on a case-by-case basis, with applicants needing to meet national security requirements and submit to inspections to make sure the chips are compliant.

"There are cases where we deny the license applications we receive," Kessler said.

But it remains unclear whether China will ultimately approve the import of large quantities of the chips. Without Nvidia chips, Chinese firms will be forced use domestic alternatives, which are considered inferior for AI training.

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Nvidia stock continued its recovery today, reaching its highest point since June 22 and up 10% from its low in June.

This rebound may continue as the stock forms a falling wedge pattern and its revenue and profit growth accelerate.

Nvidia NVDA stock has come under pressure in recent months and has lagged many of the market's biggest winners this year. The shares are up about 10% year-to-date, significantly underperforming the Nasdaq 100 Index, which has gained 15.7% over the same period.

This performance has made Nvidia stock a bargain, with its forward price-to-earnings ratio being 22.

Its multiple is slightly higher than that of the S&P 500 Index, which stands at 21. It is also much lower than its five-year multiple of 43. 

A DCF valuation by Simply Wall St. places its fair price at $220, meaning that it is about 7.7% cheaper than its fair value. Similarly, the forward PEG ratio has dropped to 0.50, lower than the five-year average of 1.46. 

These valuation numbers mean that the company may decide to boost its share repurchase program.

In its last earnings report, it boosted its share repurchases by $80 billion. It has been reducing its outstanding shares in the past few years, moving from 24.3 billion in 2023 to 24.2 billion. 

Growth momentum continues, but risks remainsNvidia stock may benefit from the rising revenue and profitability growth. The most recent numbers revealed that its revenue jumped by 85% to $81.6 billion as companies continued their capital spending.

All indications are that the robust spending continued last quarter, as evidenced by the recent earnings reports by companies like Samsung and Micron. Also, most hyperscalers like Microsoft and Amazon have continued boosting their spending.

Analysts expect that its business will continue doing well. The average estimate is that its revenue would jump by 96.2% in the last quarter to $91.75 billion.

Nvidia has also moved to the CPU industry, which is expected to benefit from the boom in the AI agent sector. The company predicts that its CPU business will jump to over $20 billion this year.

Nvidia faces some major challenges, including the rising competition from its clients. OpenAI has already unveiled its chip, which is being made in a collaboration with Broadcom.

Google is ramping up the production of its TPUs, while Microsoft and Amazon are working on their chips.

Also, there is a likelihood that the data center industry will start slowing over time.

For example, New York has become the first state to impose a moratorium on data centers, and more states may follow.

Nvidia stock chart | Source: TradingView

The daily chart shows that the NVDA share price may rebound in the near term. It has formed a falling wedge pattern, and is now slightly above its upper side.

The stock also found substantial support at the 200-day Exponential Moving Average (EMA). At the same time, the stock is inside the Ichimoku cloud indicator. 

Therefore, the stock will likely continue rising as bulls target the all-time high of $235. A surge above that level may push it to the next key resistance at $300.

Nvidia remains well-positioned for AI data center growth, according to KeyBanc analyst John Vinh, who raised his price forecast despite some near-term ramp delays.

KeyBanc Raises Nvidia ForecastVinh maintained an Overweight rating on Nvidia and raised his price forecast to $330 from $310. He said his takeaways were mixed but mostly positive, with a slight delay in the Vera Rubin ramp tied to thermal lid issues and SK Hynix qualification delays on HBM4.

The analyst said he sees limited risk to estimates because Nvidia can ship more B300 GPUs in place of R200. He expects Nvidia to ship 5.5 million to 6 million Blackwell GPUs this year, along with 1 million Hopper GPUs.

CoWoS Supply Supports AI DemandVinh said Nvidia’s 2026 CoWoS supply outlook remains unchanged at 650,000 interposers, while 2027 supply has been revised significantly higher to 1.1 million interposers. He said that the increase reflects strong demand and a full-year Rubin ramp.

The analyst expects Nvidia to ship 70,000 to 80,000 total racks this year, including 5,000 to 6,000 Vera Rubin racks. He also expects fewer than 1,000 LPU racks this year due to a delayed ramp, though demand remains strong.

Vinh said Nvidia remains uniquely positioned to benefit from secular growth in data center AI and machine learning. He also pointed to Nvidia’s CUDA software stack as a major barrier to entry and said competitive risks remain limited.

Hedge funds rushed back into U.S. semiconductor stocks last week, buying the sector at the fastest pace in at least three-and-a-half years after two straight weeks of heavy selling.

Hedge Funds Buy The DipGoldman Sachs data shared by The Kobeissi Letter showed semiconductor stocks now make up about 10% of total hedge fund exposure, roughly double last year’s level but below the nearly 14% peak in May.

The renewed buying suggests hedge funds see the recent chip-stock pullback as largely over, while ETF inflows show broader investor demand for AI-related semiconductor names.

Technical AnalysisNvidia is trading above its 20-day SMA ($202.05), 100-day SMA ($198.10), and 200-day SMA ($191.95), which keeps the intermediate-to-long trend constructive even after recent chop. The catch is the stock is still trading slightly below its 50-day SMA ($209.27), and the 20-day SMA remains below the 50-day SMA—an early "cooling" signal that can cap rallies until price reclaims that zone cleanly.

Earnings OutlookLooking further out, the next major catalyst for the stock arrives with the August 26, 2026 (estimated) earnings report.

EPS Estimate: $2.07 (Up from $1.04 YoY) Revenue Estimate: $91.70 Billion (Up from $46.74 Billion YoY) Valuation: P/E of 31.2x (Indicates premium valuation relative to peers) Top ETF ExposureSignificance: Because NVDA carries such a heavy weight in these funds, any significant inflows or outflows will likely trigger automatic buying or selling of the stock.

Price ActionNVDA Stock Price Activity: Nvidia shares were up 2.65% at $208.93 at the time of publication on Tuesday, according to Benzinga Pro data.

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Is AI your friend or your enemy? Is it a friend to the world, or will it cripple the future of the human race completely? An AI Armageddon. Many people in business can do their jobs more efficiently. Others face replacement by AI and the possibility that they won’t be employed in their industry again.

What about the environmental cost of AI data centers? They drive up electricity prices (a debate). They use millions of gallons of water a day. Has anything threatened the US water supply so completely?

For corporate leaders, it is a road to efficiency. For corporate leaders, it is too expensive, and some have begun to adopt Chinese models. According to CNBC, “Chinese AI models are gaining ground with U.S. companies as OpenAI, Anthropic costs surge.”

Has AI started a stock market bubble? Has it inflated the value of companies like Nvidia (NASDAQ: NVDA | NVDA Price Prediction), which is the industry’s arms merchant? When OpenAI goes public, will it be worth a multiple of what it will be worth a year or two from now, when it burns through its capital? Are mega-tech stocks burning through the massive amounts of cash on their balance sheets?

Nobel Prize winners and some of the world’s leading economists and scientists think they know the answer. They have released a statement titled “We Must Act Now: A Statement on AI’s Transformation of the Economy.” A total of 15 Nobel Prize winners and approximately 200 others signed the statement. Their primary concern is the next ten years. The statement also implores the world’s leaders.

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One of the authors, Daron Acemoglu, Nobel Laureate and Institute Professor at MIT, said: “The scale, scope, and speed of the advances in AI, combined with a high level of uncertainty about the magnitude and timing of the impacts across many parts of the economy, call for an ‘all hands on deck’ approach to steering AI in beneficial directions.” Others who signed made similar statements.

There have been several suggestions about “guardrails” on AI. They have largely been ignored. AI companies, the leaders and investors, are in a race that no one wants to lose. US AI firms are worried that they will be overtaken by Chinese models. Those who are slow in the race will be trampled.

And, there is the money. Nvidia is the most valuable company in the world, with a market cap of $4.3 trillion. That is up 1,020% in the last five years.

While “We Must Act Now: A Statement on AI’s Transformation of the Economy” may be the most powerful statement of the threats of AI, it appears to have been largely ignored.

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KeyBanc is taking what Diane King Hall calls a contrarian view on Apple (AAPL). The firm issued a downgrade to underweight for the iPhone maker over a tentative hardware demand downslide.

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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Nvidia logo, computer chips and a 3D-printed representation of a robot hand are seen in this illustration taken August 27, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

WASHINGTON, July 14 (Reuters) - A top U.S. official told Congress on Tuesday that "very few" Nvidia (NVDA.O), opens new tab H200 chips to date have been shipped ​to China or Hong Kong.

In May, Reuters reported the Commerce Department had cleared around ‌10 Chinese firms to buy Nvidia's second-most powerful AI chip, the H200, but no deliveries had been made. Jeffrey Kessler, under secretary of commerce for industry and security, told the House Foreign Affairs Committee that H200 chip ​shipments have begun but the number was "very few."

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Later in the hearing, Kessler said it ​was a "trivial" amount of chips. He said the Commerce Department has provided a ⁠confidential list of applications for H200 chips and their status to Congress but did not elaborate.

The ​chip shipments are being closely watched because the H200 is one of Nvidia's most advanced AI ​processors, and sales to China have become a flashpoint in the broader U.S.-China technology rivalry. Washington has sought to limit Beijing's access to cutting-edge chips that could be used for military applications.

U.S. Representative Gregory Meeks, the top ​Democrat on the committee, on Tuesday criticized the department for not adding any Chinese companies to ​an export control list since October, which is the longest period in more than a decade.

He said President ‌Donald ⁠Trump "has turned (export controls) into a bargaining chip in broader negotiations with China" and "weakened existing safeguards, including by approving licenses for advanced AI chips destined for China."

Kessler defended the department's posture and said it was important to enforce the existing list of Chinese companies facing restrictions.

Reuters reported last month that ​the Commerce Department has held ​off on adding China’s ⁠AI startup DeepSeek, memory chip maker ChangXin Memory Technologies and more than 100 other companies flagged as national security risks to the "Entity List," according ​to two people familiar with the matter, as the Trump administration tries ​to avoid ⁠escalating tensions with Beijing.

U.S. companies cannot ship goods, software and technology to companies on the list without a license, which is likely to be denied.

Kessler also defended the decision of the Trump administration on ⁠Friday to ​loosen export controls on the United Arab Emirates, making ​it easier to export Nvidia AI chips, military equipment, commercial satellites and spacecraft in a boost to relations between the ​two allies.

Reporting by David Shepardson in Washington and Karen Freifeld in New York; Editing by Matthew Lewis

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NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) and Apple (NASDAQ:AAPL) posted very different quarters, yet sit nearly shoulder to shoulder at the market’s top. NVIDIA leans on AI infrastructure demand from hyperscalers. Apple leans on a refreshed iPhone cycle and a Services machine that compounds. With Apple’s next report due July 30, the comparison feels timely.

AI Factories Carry NVIDIA. iPhone 17 Carries Apple. NVIDIA’s Q1 FY27 revenue hit $81.6 billion, up 85.2% YoY, with Data Center Networking alone growing 199% on InfiniBand, NVLink, and Spectrum-X pull-through. Jensen Huang framed the moment bluntly: “The buildout of AI factories, the largest infrastructure expansion in human history, is accelerating at extraordinary speed.” Blackwell 300 is ramping, and the Vera Rubin platform is queued behind it.

Apple’s March quarter told a calmer story. Revenue reached $111.2 billion, up 16.6% YoY, with iPhone at $56.99 billion and Services at an all-time high of $30.98 billion. Tim Cook credited “extraordinary demand for the iPhone 17 lineup” and the MacBook Neo launch. Every geographic segment grew double digits, rare at Apple’s scale.

Business Driver NVIDIA Apple Main Growth Engine Data Center compute + networking iPhone 17 cycle + Services Gross Margin 75.0% ~49% Customer Base Hyperscalers, sovereigns, enterprise 2.5B+ active devices Absolute Value vs. Immediate Momentum NVIDIA carries the larger market cap at $4.77 trillion versus Apple’s $4.56 trillion, but near-term momentum has flipped. NVDA is down 3.98% over the past month, while AAPL climbed 7.36% in the last week alone. Apple is picking up the shorter-cycle bid.

Valuation reinforces the split. NVIDIA trades at a forward P/E of 22x with a PEG of 0.6, unusual for a company guiding to $91 billion in Q2 revenue. Apple sits at a forward multiple closer to 32x, a premium justified by eight straight EPS beats and a fresh $100 billion buyback.

The Next Test Comes on July 30 Apple’s July 30 print is the next catalyst. I will watch Services growth, Greater China (which surged to $25.53 billion in Q1), and any read on iPhone 18 pull-forward. Polymarket traders currently peg 96% odds on an iPhone 18 launch in 2026. NVIDIA does not report until August 26, leaving a gap where sentiment can drift on China export headlines.

Why I Slightly Prefer NVIDIA for the Next Twelve Months NVIDIA looks like the more interesting setup to research from here. Paying 22x forward earnings for a business growing revenue 85% with 75% gross margins is rare, and the mid-summer pullback looks like profit-taking. For investors focused on steadier compounding, lower beta, and a fortress balance sheet, Apple offers a different profile heading into a strong July setup. I would only change my view on NVIDIA if hyperscaler capex commentary softens meaningfully in August.

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Nvidia CEO Jensen Huang has built the company into the dominant AI chip provider. (AFP via Getty Images)

Nvidia shareholders are anxiously waiting for mass shipments of the company’s next-generation Vera Rubin hardware. The wait could be extended a little while yet but that’s not an issue for the stock, according to KeyBanc analysts.

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Jim Cramer posted a market thesis on July 10, 2026 arguing that fresh equity supply from mega-caps like Oracle or Meta is the one variable holding NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) back from its next leg higher. In his framing, large new share offerings absorb liquidity that would otherwise chase AI leadership, while “a lack of supply resuscitates it”.

The post drew 20,454 impressions, 63 likes, and 27 replies within 30 minutes, a sign retail traders are already positioning around the same question.

The Supply Mechanic Cramer Is Describing Equity supply is a real market mechanic. When a mega-cap floats billions in new stock, index funds and generalist portfolios have to make room, often by trimming winners. NVIDIA, the largest weight in most tech baskets, tends to be the release valve.

Cramer’s read is that with $850 billion in Q1 2026 data center leases committed by Meta, Microsoft, and Oracle and Oracle already bleeding negative $23.7 billion in free cash flow, capital markets desks have been bracing for issuance risk.

So far, the news feed shows heavy capex and workforce cuts (Oracle eliminated 21,000 jobs, roughly 13% of its workforce) rather than fresh secondaries. If that holds, the overhang Cramer identifies simply is not there.

NVDA: The Numbers Behind the Setup NVIDIA closed at $203.53 on July 13, down 3.52% on the day and off 4.2% over the past month, though still up 23.57% over the past year. Market cap sits near $4.93 trillion on a forward P/E of 24, which Cramer has repeatedly called mispriced given NVIDIA’s software moat.

The fundamental case is intact. Q1 FY2027 revenue landed at $81.61 billion, up 85.2% year over year, with data center revenue of $75.25 billion (+92% YoY) and data center networking of $14.8 billion (+199% YoY). Non-GAAP EPS came in at $1.87. Guidance for Q2 calls for $91 billion in revenue at a 75% gross margin.

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The Real Supply Signal Is Inside NVIDIA’s Filing The most concrete supply signal sits inside NVIDIA’s own books, on the balance sheet rather than the issuance calendar. Total supply-related commitments jumped to $119 billion, up from $95.2 billion at the end of Q4 FY26 and $45.8 billion at Q2 FY26. Multi-year cloud commitments climbed to $30 billion.

Management stated in its Q1 FY27 8-K that “NVIDIA has strategically secured inventory and capacity to meet demand beyond the next several quarters”. Jensen Huang framed the backdrop as “the largest infrastructure expansion in human history”. Capital return is scaling in parallel: a dividend hike to $0.25 quarterly and an additional $80 billion buyback authorization approved in May.

Wall Street is aligning with Cramer’s view. Morgan Stanley’s Joseph Moore initiated coverage on July 13 at Overweight with a $288 price target, implying 41% upside, calling NVDA “the best value in the group”.

What To Watch Next Cramer’s thesis puts the burden on the calendar. If Oracle, Meta, or another hyperscaler taps public equity markets in size before NVIDIA’s next earnings report, the overhang argument stays alive.

If issuance stays quiet while NVIDIA delivers on its $91 billion Q2 guide, the supply constraint flips from headwind to tailwind. Retail sentiment on Reddit already recovered to bullish scores of 68 to 72 by July 11 to 12, suggesting the audience is primed for exactly the setup Cramer described.

Meet America's Newest $1b Unicorn (Sponsor) A US startup just passed a $1 billion private valuation, joining billion-dollar private companies like OpenAI and ByteDance. Unlike those other unicorns, you can invest in EnergyX right now; but only until July 16.

Over 50,000 people already have, along with global giants like General Motors and POSCO.

Here's why there's so much interest: EnergyX's patented tech can recover up to 3X more lithium than traditional methods. That's a big deal, as demand for lithium is expected to 5X current production levels by 2040. Become an early-stage EnergyX shareholder before the 7/16 investment deadline.

Contact [email protected] for any questions or corrections.

Shares of Nvidia (NVDA +0.42%) have risen by an impressive 380% over the past three years, fueled by the artificial intelligence (AI)-driven demand for its data center chips. However, the stock has been in a rut lately, rising just 12% in 2026, as of this writing.

The surprising thing to note here is that Nvidia stock is struggling to break out despite sustaining impressive revenue and earnings growth, driven by its continued dominance in the lucrative AI accelerator market. However, the world's largest company by market cap can easily step on the gas once again.

In fact, Nvidia could witness a solid increase in its stock price by the end of the decade. Let's see why that may be the case.

Image source: The Motley Fool.

Nvidia's massive addressable market points toward solid long-term growth Nvidia's foundry partner TSMC recently noted that the global semiconductor market's revenue could reach a whopping $1.5 trillion in 2030. The Taiwan-based foundry giant had previously anticipated $1 trillion in semiconductor revenue by the end of the decade. However, AI-fueled demand for chips led to a substantial upgrade to its guidance.

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TSMC points out that AI and high-performance computing (HPC) chips will account for 55% of this lucrative opportunity. That puts Nvidia's addressable opportunity in the AI data center chip market at an impressive $825 billion. For comparison, Nvidia's data center revenue in fiscal 2026 (which ended in January this year) was $193.7 billion.

It is worth noting that $162.3 billion of its fiscal 2026 data center revenue came from sales of compute chips, while the rest was from networking components. So, there is still a lot of room for Nvidia to boost its data center chip revenue over the next five years, especially considering that it is the dominant player in this market with an estimated 80% share.

However, analysts believe that Nvidia's AI data center chip market share may have peaked. That's not surprising, as competitors Advanced Micro Devices and Broadcom have been making solid strides in this space. Additionally, Nvidia's customers, which include both hyperscalers and pure-play AI companies, have been designing in-house chips to lower operating costs.

That's why Nvidia's AI chip market share is anticipated to decline to 75% this year. Let's assume Nvidia continues to lose ground in AI chips for the next four years and ends up at just 50% market share in 2030; it can still generate more than $400 billion in data center chip revenue in 2030 (based on the $825 billion market size estimated above).

That's almost 2.5x the data center compute revenue it generated in fiscal 2026. At the same time, investors shouldn't forget that Nvidia's data center networking revenue is growing at a much faster pace than compute. The company reported a 142% year-over-year increase in networking revenue in fiscal 2026 to $31.4 billion. It has started fiscal 2027 on a stronger note in this segment, with networking revenue tripling year-over-year to $14.8 billion.

Nvidia sells networking hardware, such as Ethernet and InfiniBand switches, and also offers software platforms to help developers program and manage networks. What's worth noting is that demand for these networking switches is increasing rapidly due to AI and HPC. The InfiniBand market, for instance, is expected to clock 36% annual growth over the next five years, according to Mordor Intelligence. It could generate more than $164 billion in revenue in 2031.

Meanwhile, the data center switch market is projected to exceed $100 billion in revenue by 2030, according to Dell'Oro Group. Ethernet switches are expected to dominate this space. The pace at which Nvidia's networking revenue is growing suggests the company is capturing a larger share of this space, which could pave the way for significant growth in this business segment over the next five years.

In all, Nvidia's data center addressable opportunity, including both networking and compute, could surpass $1 trillion by the end of the decade. That's why there has been a significant jump in Nvidia's consensus revenue growth projections through fiscal 2029.

Data by YCharts

The company's earnings growth potential suggests it can become a multibagger Nvidia's impressive top-line growth is all set to filter down to the bottom line. Analysts are projecting an 88% spike in Nvidia's earnings in fiscal 2027 (ending in January 2027) to $8.97 per share. This will be followed by robust double-digit growth over the next two fiscal years.

Data by YCharts

Assuming Nvidia's bottom line grows by even 15% a year in fiscal years 2030 and 2031, its earnings per share could reach $21.24 by the end of the decade (as its fiscal 2031 will end in January 2031). If this AI stock trades at 27 times earnings at that time (in line with the tech-laden Nasdaq-100 index's forward earnings multiple), its stock price could reach $573. That's almost 2.8x Nvidia's current stock price.

As Nvidia trades at just 24 times forward earnings, investors are getting a solid deal on this growth stock, which they should consider grabbing, given the potential upside it could deliver through 2030.

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

Alphabet (NASDAQ: GOOGL | GOOGL Price Prediction) and NVIDIA (NASDAQ: NVDA) just posted AI-heavy quarters from opposite ends of the silicon stack. Google leaned on its own TPUs, Gemini, and Cloud. NVIDIA rode Blackwell into hyperscaler data centers at a pace Jensen Huang called the fastest ramp in company history. Both are spending like the AI buildout is generational. Only one owns the customer end to end.

TPUs Carry Google. Blackwell Carries NVIDIA. Google’s Q1 FY2026 revenue hit $109.90 billion, up 21.79% YoY, with EPS of $5.11. Cloud jumped 63% to $20 billion, and backlog nearly doubled sequentially to $462 billion. Sundar Pichai credited the vertical stack: “The fact that we own frontier models and own the silicon really helps us stay ahead of the curve.” New 8th-gen TPUs claim 80% better performance per dollar on inference.

NVIDIA answered with Q1 FY2027 revenue of $81.61B, up 85.2% YoY, and non-GAAP gross margin of 75.0%. Data Center alone printed $75.25B, +92%, with networking surging 199%. Huang called it “the largest infrastructure expansion in human history.”

One Owns the Customer. One Sells the Shovels. Lens Google NVIDIA Core Bet Full stack: TPU + Gemini + Cloud Merchant GPU dominance Gross Margin 59.7% 75.0% non-GAAP Key Vulnerability CapEx pressure, FCF down 46.63% China loss, ~$50B TAM gone Google is now productizing its silicon. Pichai confirmed TPU sales “to a select group of customers in their own data centers.” That is a direct poke at NVIDIA’s installed base. Meanwhile, Alphabet’s seventh-gen Ironwood TPUs enable native FP8 training and inference, sidestepping what many observers call the NVIDIA tax. NVIDIA’s counter is ecosystem depth, CUDA, and Spectrum-X, which already annualizes over $8 billion and added Google Cloud as a customer.

The Next Test Is Whether TPUs Escape the Google Garden I’m watching Google’s 2027 CapEx guide, which Pichai said will “significantly increase compared to 2026,” and whether external TPU deployments start converting backlog into recognized Cloud revenue. For NVIDIA, the tell is Blackwell 300 yields and Vera Rubin bookings against $119B in supply commitments. Prediction markets already price NVDA into a tight range, with 72% probability clustered near $208.

Why I Lean Toward Google on Risk-Adjusted Terms Personally, I find Google more interesting at a P/E of 16 than NVIDIA at a $4.91T market cap. Google is up 103.78% over one year, yet still trades like a search utility while owning the silicon, the model, and the cloud. For a picks-and-shovels exposure with the fattest margins, NVIDIA offers the cleanest expression, and the $80B buyback is a real signal. For optionality on a company quietly disarming the NVIDIA tax, Google screens more interesting to me this quarter on a risk-adjusted basis. I would change my view fast if TPU hardware sales stall or if Blackwell demand accelerates beyond guide.

Meet America's Newest $1b Unicorn (Sponsor) A US startup just passed a $1 billion private valuation, joining billion-dollar private companies like OpenAI and ByteDance. Unlike those other unicorns, you can invest in EnergyX right now; but only until July 16.

Over 50,000 people already have, along with global giants like General Motors and POSCO.

Here's why there's so much interest: EnergyX's patented tech can recover up to 3X more lithium than traditional methods. That's a big deal, as demand for lithium is expected to 5X current production levels by 2040. Become an early-stage EnergyX shareholder before the 7/16 investment deadline.

Contact [email protected] for any questions or corrections.

OilPrice se věnuje tématu budování datových center v USA s tím, že stále více projektů je blokováno nesouhlasem místních obyvatel. „Po celých Spojených státech byly jen v prvních třech měsících roku 2026 zastaveny nebo zpožděny projekty v celkové hodnotě přesahující 130 miliard dolarů.“ Došlo tak k odmítnutí projektů, o kterých si největší jména v oboru myslela, že je dokážou realizovat kdekoli.

Společnosti Bitzero, která je obchodována na americkém akciovém trhu, se to podle OilPrice snaží řešit tím, že se již několik let zaměřuje na zahraniční země. Nyní tak disponuje více než jedním gigawattem „levné a čisté energetické kapacity v Norsku a Finsku.“ Tam pak hodlá rozvíjet „potenciál umělé inteligence, který je v USA odmítán… Ten musí jít někam, kde je povoleno jej budovat.“

Odmítání datových center je podle OilPrice v USA stále častějším jevem. Místním lidem většinou vadí mimo jiné vyšší ceny elektrické energie, které mají pokrýt modernizaci distribučních sítí nutnou na to, aby odpovídala nárokům datových center. K tomu se zvedá i spotřeba vody používané na chlazení zařízení. Zákonodárci tak „v prvních šesti týdnech roku 2026 předložili více než 300 zákonů o datových centrech a 14 států vydalo úplná moratoria na jejich novou výstavbu.“

Velké technologické firmy tedy „usilovně hledají řešení“ a zmíněná společnost Bitzero si už „roky připravuje půdu jinde… Proto výstavba v severských zemích probíhá podle plánu, zatímco srovnatelné americké projekty jsou pozastaveny.“ Prvním velkým omezením pro výstavbu datových center byly přitom čipy, zejména ty od společnosti NVIDIA. Pak se jím podle OilPrice stala elektřina, nyní je to odpor veřejnosti.

Většina společností budujících datová centra podle OilPrice stále postupuje tak, že si „nejprve zajistí pozemek a projekt a pak doufá, že bude elektřina a potřebná povolení.“ Bitzero postupuje opačně. „Její vlajková loď se nachází ve středním Norsku, v Namsskoganu, kde používá 100% obnovitelnou vodní energie za 3 až 4 centy za kilowatthodinu. Takže výdaje na elektřinu jsou jen zlomkem toho, čemu čelí typické americké datové centrum.“ Společnost má přitom vlastní licenci k přímému připojení k vysokonapěťové síti, což je status, jehož získání obvykle trvá roky.

Konkurence ovšem podle OilPrice „nedokáže tuto strategii kopírovat… Norsko už omezilo povolení pro nová datová centra na pět megawattů.“ Jedno centrum přitom „může snadno odebírat více než 100 megawattů, takže tento strop fakticky zavřel dveře dalším společnostem poté, co Bitzero ještě jede podle starých pravidel.“ Jde přitom o firmu, která se dříve věnovala těžbě bitcoinů.

Boom umělé inteligence spouští nečekaný a bezprecedentní býčí růst akcií společností zabývajících se zemním plynem a energetikou. Pokud nevěnujete pozornost energetické náročnosti datových center, propásnete největší energetický příběh desetiletí. Chytré peníze se již tiše přesouvají do několika málo společností připravených pohánět biliónový stroj s umělou inteligencí.

Nvidia has more than halved ​the number of Asian ‌customers authorised to buy its AI ​chips after creating ​a new "white list" of ⁠companies that have ​passed tougher compliance ​checks aimed at preventing the products from reaching China, ​the Financial ​Times reported on Monday.

Nvidia (NVDA - Free Report) ended the recent trading session at $203.53, demonstrating a -3.52% change from the preceding day's closing price. This change lagged the S&P 500's 0.79% loss on the day. Meanwhile, the Dow lost 0.26%, and the Nasdaq, a tech-heavy index, lost 1.55%.

Heading into today, shares of the maker of graphics chips for gaming and artificial intelligence had gained 2.81% over the past month, lagging the Computer and Technology sector's gain of 3.44% and the S&P 500's gain of 4.28%.

Analysts and investors alike will be keeping a close eye on the performance of Nvidia in its upcoming earnings disclosure. The company's upcoming EPS is projected at $2.09, signifying a 99.05% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $91.58 billion, up 95.91% from the prior-year quarter.

For the full year, the Zacks Consensus Estimates project earnings of $9.1 per share and a revenue of $385.48 billion, demonstrating changes of +90.78% and +78.52%, respectively, from the preceding year.

Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Nvidia. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 1.24% rise in the Zacks Consensus EPS estimate. Nvidia is currently a Zacks Rank #3 (Hold).

Valuation is also important, so investors should note that Nvidia has a Forward P/E ratio of 23.19 right now. Its industry sports an average Forward P/E of 57.17, so one might conclude that Nvidia is trading at a discount comparatively.

It's also important to note that NVDA currently trades at a PEG ratio of 0.45. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. NVDA's industry had an average PEG ratio of 1.01 as of yesterday's close.

The Semiconductor - General industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 25, finds itself in the top 11% echelons of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow NVDA in the coming trading sessions, be sure to utilize Zacks.com.

The past few years have been boom-or-bust for some of the world's most recognizable names. The advent of artificial intelligence (AI) was a catalyst for companies at the forefront of the technology.

Nvidia (NVDA 3.23%) leads the field for the graphics processing units (GPUs) that run AI models in data centers. Amazon (AMZN +0.86%) used AI to increase efficiency across its business, while also offering AI models to customers of Amazon Web Services (AWS), its cloud infrastructure service. Microsoft (MSFT +1.68%) partnered with ChatGPT creator OpenAI early on, integrating generative AI tools across its vast business, while also offering AI tools and models to cloud customers. Moreover, these tech titans have ridden AI to market-beating returns in recent years.

However, this year has marked a turning point. Nvidia, Amazon, and Microsoft are each trailing the S&P 500 thus far in 2026 (as of this writing), with valuations falling to at least five-year lows in recent months. History is crystal clear about what happens next.

Image source: Getty Images.

Valuations disconnected from resultsDespite delivering quarter after quarter of record-breaking results, Nvidia's valuation continues to tumble. The stock has a price-to-earnings (P/E) ratio of 31, near its lowest level since 2019. Yet its operating and financial results continue to accelerate.

For its fiscal 2027 first quarter (ended April 26), Nvidia generated record revenue, up 85% year over year and 20% quarter over quarter to $81.6 billion. This drove adjusted earnings per share (EPS) that soared 140% to $1.87. The results were driven by record data center revenue of $75 billion, up 92%. Management expects its growth spurt to continue, forecasting year-over-year revenue growth of 95% to $91 billion in Q2.

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Like Nvidia, Amazon is posting impressive numbers while its valuation remains compressed, with its P/E ratio falling to 25 this year (though it's rebounded slightly to 29). You'd have to go back to 2008 to find a lower multiple.

Yet Amazon’s results continue to impress. In Q1, revenue of $182 billion rose 17% year over year, while EPS of $2.78 jumped 75%. Perhaps more telling is the reacceleration of its cloud growth, as AWS revenue rose 28%.

Microsoft has also been generating strong growth, yet that growth isn't reflected in the company's current valuation. Its P/E ratio had fallen to 21 late last month, though it has rebounded slightly to 23. You'd have to go back to mid-2017 to find a multiple that low.

But its financial results tell a different story. In its fiscal 2026 third quarter (ended March 31), Microsoft generated revenue that climbed 18% year over year to $83 billion, while its diluted EPS of $4.27 grew 23%. Perhaps more importantly, its Azure Cloud revenue jumped 40%.

What's weighing on these industry leaders?Nvidia, Amazon, and Microsoft are all facing the same headwinds. Investors are worried that AI adoption will slow and the gravy train will derail. While those concerns are certainly justified and bear watching, a look back can be instructional.

NVDA PE Ratio data by YCharts

In every prior instance in which these stocks' P/E ratios were compressed to this degree, each was followed by an equally robust rebound of its multiple after the companies demonstrated the resilience of their financial results. It's easy to understand why. Sentiment has a limited shelf life, and investors will ultimately rely on sales and profit growth as the primary gauges of a stock's trajectory.

To recap: Nvidia, Amazon, and Microsoft are currently selling for 31 times, 29 times, and 23 times earnings, respectively -- well below their historical averages. This gives savvy investors the opportunity to pick up shares at a discount before the market comes to its senses.

Nvidia (NVDA 3.28%) remains the top company in the world, with a market cap of around $5 trillion. This year, however, there has been a bit less excitement around the business, particularly as new growth stocks have taken center stage, including Space Exploration Technologies Corp (SPCX 5.47%), better known as just SpaceX.

Right now, there's still a fairly large delta between their two valuations. But with Nvidia facing an uptick in competition in the chipmaking business, and with SpaceX eyeing some incredibly huge growth opportunities, the gap could shrink in the future. Will Nvidia still be the more highly valued company in five years, or could SpaceX end up overtaking it?

Image source: Getty Images.

Is Nvidia's stock due for more of a slowdown? Nvidia has been a red-hot stock to own in recent years due to the incredible demand for artificial intelligence (AI) chips, a market that it dominates. Its sales and profits have been soaring, which has enabled it to continue trading at a fairly modest valuation, despite the stock's massive returns. Paying 32 times earnings for a business that's growing at a rate of 85% (in its most recent quarter) doesn't seem like a bad deal at all.

However, this year, the stock is up around 11% thus far. Investors appear to be less excited about the business, perhaps because its market cap is as high as it is and because of worries that a growing number of tech companies are making their own chips, which would lessen demand. Plus, if spending slows down in the broader tech sector, due to concerns about the payoff from AI investments, there could be multiple factors weighing on its future growth rate.

It certainly wouldn't be unreasonable to expect Nvidia's stock to generate more modest returns in the near term. And under a worst-case scenario where its growth rate falls significantly, it may even be due for a steep correction.

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Could SpaceX stock take off? SpaceX stock started hot when it began trading last month, but things have cooled off significantly of late, with investors thinking twice about its valuation. It does, after all, trade more on its future expectations rather than its results -- the company is deeply unprofitable, with its net loss during the first three months of the year totaling $4.3 billion, on revenue of $4.7 billion.

But Elon Musk's high hopes for the business, including not only AI-related growth but also the possibility of helping send humans to Mars, could enable the stock's valuation to reach new heights, even if profitability may not be around the corner. Investors already showed a strong willingness to pay a high price for the stock when it began trading, and if it's showing signs of progress toward reaching its goals, that may be the confirmation that growth investors need to believe that it's on the right track and worthy of an even higher price tag.

Some analysts project that in five years, the stock could be generating an incredible $565 billion in sales. Surely, if it gets to those heights, that might be proof that it's doing exceptionally well, and its valuation may be much higher.

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Nvidia's returns may be more modest, but it's likely to remain far more valuable than SpaceX Even though Nvidia's stock may not soar over the next five years, certainly not to the extent that it has over the past five years, I don't think it's likely that SpaceX will become more valuable. The most valuable companies in the world today are those that are also highly profitable. While speculation and hype have enabled SpaceX to command a valuation of around $2 trillion, cracks and doubts have already appeared, with the stock struggling in recent weeks. And this could still be the early innings of a much wider decline to come.

General Fusion opens on the Nasdaq under GFUZ, backed by more than 200,000 plasma experiments, a TIME's World Number One GreenTech Company ranking, and a framework deal to deploy fusion power in Italy

Issued on behalf of General Fusion Inc.

, /PRNewswire/ -- Equity Insider News Commentary — General Fusion Group Ltd. (NASDAQ: GFUZ) has begun trading on the Nasdaq under the ticker symbol GFUZ following the completion of its business combination with Spring Valley Acquisition Corp. III. This debut makes General Fusion, by the company's account, the first publicly listed fusion company. It arrives with more substance behind it than the typical pre-revenue listing[1]. Built for Our World sets out the broader vision behind the company.

General Fusion is entering the public markets with approximately US$150 million in cash, inclusive of net transaction proceeds from the private placement and trust capital. This capital is expected to fund General Fusion's Lawson program through several key technical milestones, which the Company aims to complete in 2028, with the goal of demonstrating and de-risking Magnetized Target Fusion ("MTF") technology in a commercially relevant way.

Key Takeaways

General Fusion is now trading on the Nasdaq under GFUZ after completing its business combination with Spring Valley Acquisition Corp. III. The company reports more than 200,000 plasma experiments conducted over two decades, culminating in its LM26 demonstration machine, which recently showed compressional plasma heating. General Fusion was ranked first on TIME's list of the World's Top GreenTech Companies of 2026 and has signed a framework agreement to advance fusion deployment in Italy. General Fusion's Chief Executive Officer, Greg Twinney, has framed the listing as the start of a new chapter built on a long operating history rather than a standing start. The company points to more than twenty years of real-world testing, dozens of testbeds and prototypes, and more than 200,000 plasma experiments as the foundation for its current work[1]. This is General Fusion offers a closer look at that operating history.

That work has converged on Lawson Machine 26 (LM26), the company's large-scale MTFdemonstration machine operating at its Vancouver facility. General Fusion recently reported meaningful plasma heating to electron temperatures of approximately 8.4 million degrees Celsius (roughly 0.72 keV), driven by the compression of a plasma with a lithium liner. The company describes these results, which have been submitted for peer review and are publicly available, as significant progress toward the key 1 keV electron temperature milestone and a validating indicator for its practical approach to fusion[1].

Recognition, Governance, and a Path to Deployment
Beyond the technical results, General Fusion has been accumulating the kind of external validation that public-market investors tend to weigh. The company was ranked first on TIME's list of the World's Top GreenTech Companies of 2026, a recognition of its leadership in fusion energy that landed shortly before its market debut[1].

The company has also strengthened its board of directors by adding experienced governance from the power and energy-transition sectors. In addition, General Fusion has taken concrete steps toward commercial deployment. General Fusion and Renexia S.p.A., a Toto Group company specializing in renewable energy, announced a framework agreement to advance the commercial deployment of General Fusion's fusion energy technology in Italy. This agreement represents an early signal that the company is thinking about where fusion power might actually be sited and sold[1]. The Path to Commercialization details how the company plans to move from demonstration to deployment.

A Market That Has Learned to Underwrite the Long Game
General Fusion joins the public markets at a time when investors have grown more comfortable valuing companies based on the strength of their pipelines, partnerships, and technical milestones rather than near-term earnings. The companies powering, supplying, and paralleling the AI-driven energy buildout offer a useful frame of reference.

NVIDIA (NASDAQ: NVDA) sits at the source of the demand story. Its AI accelerators are driving a new generation of data centers that draw many times more power than their predecessors, putting fresh urgency behind every credible path to abundant clean energy[2]. Vertiv Holdings (NYSE: VRT) supplies the power and cooling infrastructure those facilities depend on, reporting first-quarter 2026 net sales of US$2.65 billion, up 30% year over year on strong data-center demand[3]. GE Vernova (NYSE: GEV) builds the generation and grid equipment behind the buildout, booking US$2.4 billion in data-center equipment orders in its Electrification segment in the first quarter of 2026, more than in all of the prior year[4]. And Rocket Lab (NASDAQ: RKLB), which itself came public through a SPAC business combination, shows how the market has learned to underwrite frontier technology through long development arcs, converting years of technical milestones into record quarterly revenue of just over US$200 million and a contracted backlog above US$2.2 billion while its next-generation Neutron rocket is still in development[5].

None of these companies is a fusion pure-play, and their inclusion here is illustrative rather than comparative in any financial sense. But they help explain why a company like General Fusion can list on the Nasdaq before generating commercial revenue: the market is increasingly willing to price the option value of technologies that, if they work, could reshape the energy system.

For now, General Fusion's task is to keep converting laboratory milestones into public-market credibility. The company has been explicit that meaningful technical hurdles remain, including reaching the 1 keV and 10 keV heating milestones and ultimately achieving the Lawson criterion. With GFUZ now trading, investors can track that progress in real time.

Media Contact
Equity Insider
[email protected] 

Company Contact
General Fusion Investor Relations: [email protected]
North America toll-free voicemail: +1 (833) 717-1519 | Outside North America: +1 (236) 253-6968
General Fusion Media Relations: [email protected] | 1-866-904-0995

Sources
[1] General Fusion Group Ltd. - Begins Trading on Nasdaq Under GFUZ (company primary release), syndicated via GlobeNewswire; includes references to LM26 compressional heating results and TIME GreenTech ranking
[2] Bloomberg, How AI Firms Are Redesigning Data Centers to Meet Energy Demand, June 1, 2026 (comparative market context)
[3] Vertiv (VRT) first-quarter 2026 results coverage: net sales of US$2.65 billion, up 30% year over year on data-center demand
[4] GE Vernova First Quarter 2026 Financial Results (company release), April 22, 2026
[5] Rocket Lab First Quarter 2026 Financial Results (company release), May 7, 2026

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Nvidia NVDA stock declined on Monday, even as fresh announcements on artificial intelligence infrastructure spending reinforced expectations of continued demand for the chipmaker's products.

Shares of Nvidia were down 3.2% at $204.12 in trading.

The decline broadly tracked weakness in the wider market, with the Nasdaq Composite falling 1.4%. However, Nvidia outperformed the broader semiconductor sector, as the PHLX Semiconductor Index fell 4.8%.

Despite Monday's move, Nvidia has significantly lagged the broader chip sector this year.

Through Friday's close, the PHLX Semiconductor Index had gained 75%, while Nvidia shares were up just 12%.

The latest AI infrastructure announcement came from Meta Platforms, which said on Monday it would increase spending on its Louisiana data center to more than $50 billion.

Meta, alongside SpaceX, is one of Nvidia's major customers and uses the company's hardware to train its latest artificial intelligence models.

John Belton, portfolio manager at Gabelli Funds, said in a Barron's report continued competition among AI model developers could benefit Nvidia.

“Fragmentation in the LLM [large language model] space is a good thing for Nvidia. While they still have an opportunity to grow share with [Claude developer] Anthropic, it isn’t necessarily a great thing for Nvidia longer term if the model-as-a-service space starts to look like a winner take all market.”

Wall Street also remains broadly optimistic on Nvidia despite the stock's relative underperformance.

According to FactSet, the company now trades at a forward price-to-earnings ratio of less than 20 times, while the average analyst price target stands at $313.39.

Mizuho Securities analyst Vijay Rakesh reiterated an Outperform rating and a $300 price target on Saturday, arguing that Nvidia would benefit from an expected $1.2 trillion in data center capital expenditures next year.

Tech strategist Dan Ives also expressed confidence in Nvidia during an interview with CNBC, dismissing the recent weakness in the stock.

According to Ives, investors have recently shifted their attention toward memory stocks, creating what he described as the "shiny new toy" effect.

“You’ve seen so many of these names, when the ones that are actually at the center, whether it’s the hyperscalers or Nvidia… those are actually the ones, to some extent, almost in the penalty box.”

Valuation, earnings and supply remain key focusIves argued that there is a disconnect between market performance and the companies driving AI development.

“The reality is, there’s one chip in the world fueling the AI revolution, that’s by the godfather of AI the revolution, Jensen of Nvidia.”

According to Koyfin data, Nvidia's forward price-to-earnings ratio has recovered to around 21.2 after falling to 19.6 last week, levels last seen in January 2019.

Ives also pointed to the importance of the upcoming earnings season in assessing AI monetization.

“When you look at memory, where is memory with Nvidia? Where's memory without hyperscalers? This all plays into what's going to be a crucial earnings season in Q2 for monetization.”

He added that demand for AI chips continues to exceed available supply.

“I continue to see chip demand far outstripping supply,” estimating the demand-to-supply ratio at “15-to-1.”

On July 5, the semiconductor and artificial intelligence (AI) analysis company SemiAnalysis issued a statement suggesting that Nvidia (NVDA 2.39%) could be facing a more than one-year delay in an important product launch.

The chipmaker was quick to respond, and the stock price has climbed since CEO Jensen Huang's company issued a statement that pushed back against those claims.

Image source: Getty Images.

Nvidia's response to the Kyber delay claim The reporting suggested Nvidia's Kyber rack architecture, which is designed to pack 144 of the company's GPUs into a single server so that they can work as one powerful system, was experiencing delays that would push its launch out to 2028.

Nvidia responded, telling Yahoo! Finance that the roadmap for Kyber was still "intact," which would put its launch window in the second half of 2027. The market appeared to absorb the initial news without any major fallout for the stock price. Shares of Nvidia opened at $194.42 on July 6 and closed at $210.96 on July 10. The chipmaker maintains its position as the world's most valuable publicly traded company by market cap.

During the period when the talk of a potential Kyber delay was circulating, however, another surprise was unfolding.

The challenges of being successful Nvidia has been the face of the AI trade; as of this writing, the stock price is up more than 900% over the past five years. But even as the chipmaker keeps beating expectations in its quarterly earnings reports, the bar has been set so high from its previous successes that it's becoming increasingly difficult for it to impress the markets.

Nvidia recently traded at a forward price-to-earnings (P/E) ratio of 22.2; the last time its forward P/E was around that level was in June 2019.

At first glance, that seems like a disconnect. Unlike in 2019, there is now an active race to win AI, with companies spending hundreds of billions of dollars each year on AI infrastructure.

Nvidia is generating more revenue than it ever has before, and demand for its wares is not slowing down. Yet its future earnings are still being valued at roughly the same level on a medium-term basis as they were in 2019. There is, however, a valid reason why the markets are becoming less bullish on Nvidia.

Today's Change

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205.92

What the market is saying Nvidia is clearly a dominant player in the AI hardware space, but what the market is asking now is, how much future growth is there left for it to capture? The forward P/E isn't so much a knock on Nvidia's operations, but rather a question of how much bigger the world's largest company can get.

As all AI roads still mostly run through Nvidia, it's a company that can still reward long-term shareholders. The caveat, however, is that investors should keep their expectations reasonable. As of the start of this month, the entire value of the U.S. stock market was about $75 trillion. 
Nvidia's market cap is now about $5 trillion. If it were to climb by another 900% (as it did over the last five years), it would be worth $50 trillion. That would be an unreasonable share of the economy for any company to hold, showing why maintaining rapid growth from here will be far more of a challenge than it previously was.

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Two mega-caps reported blockbuster spring quarters, yet their stocks split hard this summer. Meta Platforms (NASDAQ: META | META Price Prediction) posted $56.31 billion in revenue with a huge EPS beat. NVIDIA (NASDAQ: NVDA) followed with $81.615 billion and 85.23% growth. Same AI wave. Very different investor treatment lately.

Ads Are Roaring at Meta. Data Centers Are Doing the Work at NVIDIA. Meta’s Family of Apps generated $55.91 billion, with ad impressions up 19% and price per ad up 12%. That is real pricing power on a base of 3.56 billion daily users. Mark Zuckerberg framed it plainly: “We had a milestone quarter with strong momentum across our apps and the release of our first model from Meta Superintelligence Labs.” Reality Labs still bled $4.03 billion, a reminder that the AI dream costs real cash.

NVIDIA’s story is denser. Data Center revenue hit $75.246 billion, up 92%, with Networking exploding 199%. Jensen Huang called it “the largest infrastructure expansion in human history.” Yet zero H20 chips shipped to China this quarter, versus $4.6 billion a year ago. That absence is now baked into forward numbers.

Buyer of Shovels Turns Seller of Compute Here is the twist that reframes the whole quarter. Meta raised 2026 capex to $125 to $145 billion, then quietly launched Meta Compute, a service renting its excess internal AI capacity to external enterprises. That converts a scary cost line into a recurring revenue stream that looks a little like early AWS. NVIDIA, by contrast, carries $119 billion in supply commitments, tying its fortunes to hyperscaler order books.

Lens Meta NVIDIA Core Bet Ads plus Meta Compute rentals AI factory buildout at scale Revenue growth 33.1% 85.23% Forward P/E 19 23 Key vulnerability Reality Labs losses, EU litigation China ban, supply concentration The Next Test Is Whether Meta Compute Actually Prints Revenue Meta guided Q2 to $58 to $61 billion. NVIDIA guided to $91.0 billion, plus or minus 2%, explicitly excluding China. I want to see the first disclosed Meta Compute customers, ad pricing durability into the back half, and any softening in hyperscaler order cadence. NVIDIA is down 12.46% over the past month while Meta rallied 7.37% last week. Polymarket traders assign a 0.74 probability that Meta ends 2026 more valuable than OpenAI.

Why Meta Screens Better Right Now, With Eyes Open On the metrics, Meta looks like the cleaner setup this summer. A forward multiple near 19 on a business growing 33.1%, with a fresh cloud pivot layered on top, is genuinely rare. NVIDIA remains extraordinary, and the execution story is intact. But when I stack China risk, $119 billion of supply obligations, and a market cap already near $4.79 trillion, the room for error looks thinner. For investors seeking AI exposure with more insulation, Meta offers a differentiated profile. For those prioritizing maximum torque and willing to accept volatility, NVIDIA remains the pure-play.

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