This was the best single-day of trading on the Nasdaq since May, led by chipmakers generally and the AI infrastructure trade more specifically.
Last week, on the news that Michael Burry, the renowned investor of The Big Short fame, had put options on NVIDIA NASDAQ: NVDA and—more significantly—Palantir Technologies NASDAQ: PLTR, tech stocks sold off amid concerns about record-high valuations and a rapidly expanding AI bubble.
Nvidia Corp (NASDAQ:NVDA, ETR:NVD) is set to deliver another earnings beat for the third quarter when the chipmaker reports its latest financial results after US markets close on November 19, according to UBS analysts. Wall Street analysts on average expect revenue of $54.6 billion, representing year-over-year gorwht of about 55%, and earnings per share of $1.23, up 52%.
In addition, according to analysts at UBS, it sees Nvidia guiding fourth quarter revenue to a range of $63 billion to $64 billion.
VanEck Semiconductor ETF is upgraded to a "Buy," reflecting improved valuation and expectations for a year-end rally. SMH's portfolio is heavily weighted toward large-cap semiconductor stocks, with NVDA comprising nearly 20% of assets. Technical analysis shows a constructive outlook, with a long-term breakout and rising 200-day moving average, despite some near-term RSI concerns.
Nvidia (NVDA) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Nvidia (NASDAQ: NVDA) is scheduled to pay its next quarterly dividend on December 26, 2025.
NVDA's surging data center business and booming AI chip demand are likely to aid it in topping Q3 sales expectations of $54 billion.
I'm upgrading Nvidia to a 'Buy' ahead of its Q3 earnings. Despite concerns about AI CAPEX slowdown, major tech companies are increasing spending, and current AI investments remain well below historical peaks, indicating significant growth runway. Nvidia is poised for another double-beating Q3, with conservative guidance and potential for H20 shipments to China, setting a low bar for exceeding market expectations.
As American semiconductor giant Nvidia (NASDAQ: NVDA) gears up for its November 19 Q3 earnings release, the stock is displaying extraordinary strength, likely propelling it toward its $250 record high.
Shares of NVIDIA (Nasdaq: NVDA) dropped 7.1% this week, sinking sharply after hitting a high of $211.34 on Monday morning.
Okay, I have to preface the title a bit – when I first started putting this piece together, Nvidia (NASDAQ:NVDA) was indeed trading at a market capitalization north of $5 trillion.