Summary of NVIDIA Corp. Earnings Preview Company Overview - **Company**: NVIDIA Corp. (NVDA.O) - **Industry**: Semiconductors - **Market Cap**: $4,471,945 million - **Current Stock Price**: $180.45 - **Price Target**: Increased from $200.00 to $206.00 Key Points Earnings Expectations - Expectations for NVIDIA's upcoming earnings are high, with a strong quarter anticipated, particularly for future growth rather than the current quarter [2][9] - Revenue estimates for July have been raised to $46.6 billion from $45.2 billion, and for October to $52.5 billion from $51.3 billion [9][21] Demand Insights - Demand is characterized as "remarkable," "insatiable," and "massive," particularly from hyperscale customers [4] - A notable shift in commentary from hyperscalers indicates a surge in inference demand, complicating capacity installation [4] - NVIDIA's largest hyperscale customers are driving significant growth, with three out of four highlighted at CES showing over 100% growth [4] Supply Chain Dynamics - Supply remains a critical factor, with improvements noted in rack assembly and overall supply chain dynamics [12][15] - Rack shipments are expected to double in Q3, with a total of approximately 34,000 racks for the year, translating to around $90 billion in revenue for NVIDIA [12] - Blackwell chip shipments are anticipated to accelerate, with estimates of 1.2 million units in October and 1.42 million in January [15] Competitive Landscape - NVIDIA is expected to maintain a significant market share of approximately 85% in 2026, despite competition from AMD and ASICs [18][20] - NVIDIA's R&D investments exceeding $15 billion annually are expected to enhance its competitive edge in AI and cloud solutions [20] Financial Projections - Fiscal Year 2026 estimates have been raised to $273.2 billion in revenue and $6.51 in EPS, reflecting a positive outlook for growth driven by AI and data center demand [21][35] - The consensus for the October quarter has increased by about $1 billion, indicating a positive market sentiment [17] Risks and Considerations - Potential risks include uncertainties surrounding China’s market access and the impact of export controls on sales [17][44] - The competitive landscape may shift if AMD or other competitors gain traction in the GPU market [42] Conclusion - NVIDIA is positioned for strong growth driven by robust demand in AI and data centers, with supply chain improvements expected to support revenue growth in the coming quarters [29][35]

Core Viewpoint - Nvidia's stock price is targeting a record high of $200, supported by strong fundamentals in the growing artificial intelligence market and a bullish technical outlook [1][5][6]. Group 1: Stock Performance - Nvidia's stock closed at $180.45, down 0.8% on the day, but remains up 30% year-to-date [1]. - The stock has been trading in a strong "channel up" formation since early April, indicating a bullish trend [3]. - Historical analysis shows that Nvidia's last three bullish legs each delivered gains of at least 20%, suggesting potential for similar future gains [4]. Group 2: Technical Analysis - The 50-day moving average has provided strong support since May, confirming buyer control and facilitating new rallies [3]. - The relative strength index (RSI) must hold its support for the stock to continue its upward momentum towards the $200 target [4]. Group 3: Fundamental Analysis - Nvidia faced a 30% decline in 2025 due to tariffs and competition from China but has rebounded due to strong demand for GPUs and data centers driven by tech giants' infrastructure spending [5]. - The company is expanding into robotics, autonomous driving, and quantum computing, indicating that the AI opportunity is broader than many investors expect [5]. Group 4: Upcoming Events - Nvidia's Q2 earnings report on August 27 will be critical, particularly regarding revenue performance and demand for products like Blackwell, which could influence the stock's ability to reach the $200 milestone [6].

I deal with Jensen, who is a great guy, and Nvidia. The chip that we're talking about, the H20. It's an old chip.China already has it, in a different form, different name, but they have it. Or, they have a combination of two, will make up for it and even then some. So Blackwell is super duper advanced.I wouldn't make a deal with that, although it's possible I'd make a deal. A somewhat. Enhanced in a negative way.Blackwell. In other words, take 30% to 50% off of it. But that's the latest and the greatest in ...

U.S. President Donald Trump (L) listens as Nvidia CEO Jensen Huang speaks in the Cross Hall of the White House during an event on "Investing in America" on April 30, 2025 in Washington, DC.President Donald Trump on Monday said that he initially asked Nvidia for a 20% cut of the chipmaker's sales to China, but the number came down to 15% after CEO Jensen Huang negotiated with him.The comments came after news broke over the weekend that Nvidia agreed to pay the federal government a 15% cut in return for recei ...

The pay of China chip sales, the revenue to the US government is really an extraordinary development. Aean Jabvers is following that for us as well as another story today that's been of interest in the news. But let's address this Nvidia and AMD part of it first. Uh because it really is new almost uncharted territory. Is it? Yeah, it is Scott. It's a new tax of sorts on American companies who want to get export license l licenses from the US government. We had a fascinating discussion live in the briefing r ...

Core Insights - Super Micro Computer (SMCI) stock has increased by 69.3% over the past three months, outperforming the Zacks Computer-Storage Devices industry's return of 54.8% [1][6] - The stock is currently considered overvalued, trading at a forward 12 months P/E ratio of 19.49X, compared to the industry's 18.59X [4][6] Performance and Valuation - SMCI's stock has shown high volatility, with a significant price increase recently [4] - The gross margin for SMCI has been inconsistent, with a decline of 590 basis points year-over-year and 220 basis points sequentially to 9.7% in Q3 FY25 [11][13] Competitive Landscape - SMCI faces strong competition from major players in the storage and server market, including Pure Storage, Dell Technologies, and Hewlett Packard Enterprise [7][8] - Dell Technologies reported a 16% year-over-year growth in AI-optimized servers, with orders worth $12.1 billion for AI servers in Q1 FY26 [8] Margin Pressures - The company is experiencing margin contraction due to rising competition, price cuts, and delayed transitions to AI platforms [6][9] - High inventory reserves for older-generation products and increased costs associated with new product ramp-ups are contributing to margin pressures [11][13] Earnings Estimates - The Zacks Consensus Estimates for SMCI's fiscal 2025 bottom line is projected at $2.07, indicating a year-over-year decline of 6.33% [13][14] - Year-over-year growth estimates for the next fiscal year show a potential increase of 26.33% [14] Conclusion - Given the current challenges, including delayed purchasing decisions and margin contraction, the recommendation is to avoid investing in SMCI stock at this time [15]

Welcome to our GTC Paris at VivaTech 2025 wrap-up. Hello everyone, I'm Dion Harris, Senior Director of HPC and AI Infrastructure Solutions at NVIDIA. Europe was the birthplace of the first two industrial revolutions and where modern manufacturing emerged.Now, the fourth industrial revolution has arrived: the age of AI. This year, we showcased something remarkable—the acceleration of AI across every corner of Europe. In his keynote, Jensen Huang shared how we're entering the era where agentic AI can understa ...

When investors examine capital flows for a given stock or industry, they focus primarily on the buying side of the equation, as it is the easiest to analyze. When anyone, whether institutions or insiders, buys a stock, the primary purpose is typically to make a profit when the price starts to increase. However, the other side of this theme, the selling, can be a lot more confusing than the buying. NVIDIA TodayNVDANVIDIA$157.22 +3.92 (+2.56%) 52-Week Range$86.62▼$158.71Dividend Yield0.03%P/E Ratio50.66Price ...

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - The survey indicates that Nvidia, Microsoft, and OpenAI continue to dominate the AI landscape, with a focus on identifying potential tailwinds and headwinds for other players in the market [2][4] - 100% of surveyed organizations are in the AI investigation stage, but only 14% are in production at scale, highlighting a slow adoption curve [3][8] - The average AI spend per organization is $3.27 million, with larger companies spending more, indicating that AI investments are still in early stages [3][56] Overall Enterprise AI Adoption - 100% of respondents are investigating AI use cases, but only 14% are in production at scale, suggesting a slow adoption curve [3][8] - The average AI spend per organization is $3.27 million, representing only 0.4% of the average IT budget of $806 million [56] - The most frequently cited hurdle for AI adoption is "unclear ROI," with 72% of respondents indicating that AI spending would displace other IT budget items [8][62] Key Players and Market Dynamics - Nvidia remains the preferred platform for both training and inference, with 86% of respondents choosing Nvidia for training and 87% for inference [12][4] - Microsoft maintains a strong lead in hosting AI workloads, followed by AWS, with only 13% of enterprises reporting material GPU constraints [10][4] - OpenAI's models dominate the enterprise market, with Google Gemini emerging as a significant competitor [11][4] Application and Data Software Trends - Microsoft M365 Copilot and GitHub Copilot are leading applications in their respective markets, with significant adoption among enterprises [5][16] - The DIY option for AI solutions is gaining traction, indicating a shift away from third-party software [19][5] - Data software firms are expected to benefit from increased AI spending, particularly in cloud-based data warehouses [17][5] IT Spending Outlook - The average expected increase in IT budgets for 2025 is 4.4%, unchanged from the previous survey, indicating a stable spending outlook [38] - 72% of respondents expect AI spending to displace other IT budget items, with a notable increase in the desire to consolidate IT solutions [62][66] - The survey results suggest that enterprises are likely to defer back-office investments to fund AI initiatives [66][8]

Group 1 - OpenAI has begun using Google's AI chips for its ChatGPT and other products, marking a shift from its previous reliance on NVIDIA GPUs [1][3] - This move indicates OpenAI's strategy to diversify its chip suppliers and reduce dependence on NVIDIA, which has been its largest supplier [1][3] - The adoption of Google's TPU (Tensor Processing Unit) represents OpenAI's first significant use of non-NVIDIA chips, reflecting a transition away from reliance on Microsoft data centers [3] Group 2 - The collaboration with Google comes as the tech industry sees major companies developing their own chips to gain control over computing infrastructure [4] - Companies like Amazon and AMD are introducing alternatives to NVIDIA chips, particularly for the AI development phase known as "inference" [4] - Despite these efforts, NVIDIA's AI chips continue to maintain a leading position in the industry, with Microsoft's ambitions to challenge NVIDIA's dominance facing setbacks [5]