Nvidia’s Week: UBS Raises Target, Hyperscaler Spending Holds, AMD Stumbles

Quick Read NVIDIA shares dropped from last week and are now underperforming broad semiconductor ETFs by 15% this year. Hyperscaler CapEx from Microsoft, Amazon and Alphabet continues to drive demand for Nvidia GPUs. There continues to be worry that NVIDIA faces pressure from programs like Amazon’s Trainium and AMD’s upcoming MI450. Yet, AMD shares fell dramatically after issuing earnings on February 4th. A recent study identified one single habit that doubled Americans’ retirement savings and moved ...