Nvidia stock has suffered two consecutive quarterly losses for the first time in years. The chip maker's record suggests there's hope for a comeback
Tech and aluminum take Tom White's attention in today's Options Corner. He turns to unusual options activity in Nvidia (NVDA), Western Digital (WDC), and Alcoa (AA) as markets rally on positive U.S.-Iran War developments.
NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) dropped a catalyst on March 31 that reordered the AI infrastructure investment conversation: a $2 billion direct investment in Marvell Technology (NASDAQ:MRVL) paired with a deeper NVLink Fusion ecosystem expansion.
Marvell Technology has successfully navigated the transition from legacy hardware to the forefront of the AI infrastructure explosion.
Nvidia shares surged more than 3% on Tuesday, tracking a broader recovery in equities as investor sentiment improved. The Dow Jones Industrial Average jumped 533 points, or 1.2%, while the S&P 500 gained 1.5%.
Nvidia (NASDAQ:NVDA | NVDA Price Prediction) is back in a bear market, and with the $170 support level breaking down, the next stop might lie closer to $140 per share.
NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) shares are trading up 2.5% in early trading on Tuesday, following the announcement of a $2 billion strategic investment in Marvell Technology (NASDAQ:MRVL).
Nvidia remains well-positioned for aggressive growth, supported by robust Q4 results and Q1 guidance exceeding expectations. Major hyperscaler AI CapEx, sovereign AI expansion, and renewed China sales underpin Nvidia's long-term revenue growth potential. My DCF model indicates Nvidia's fair value at $281.94/share, close to the street's $268.22 target.
The first Nvidia (NASDAQ: NVDA) dividend of 2026 is coming in tomorrow, Wednesday, April 1.
Mark Gibbens discusses the latest on the U.S.-Iran War and how it's impacting markets. He's happy the week's trading is starting on a “positive note” as markets are in the green and thinks it's a “great time to get in” to the markets.
Chip behemoth Nvidia Corp (NASDAQ:NVDA) is 0.4% lower to trade at $166.84 this afternoon, headed for its eighth loss in 10 sessions.
Nvidia shares were volatile on Monday, even as reports suggested continued spending from artificial intelligence-focused customers. The stock was down 0.5% to $166.09 in early trading.