Here comes the big one.
U.S. President Donald Trump filed a new financial disclosure with the United States Office of Government Ethics (OGE) on May 14, disclosing a large number of financial transactions involving major U.S. stocks, including Nvidia (NASDAQ: NVDA).
According to Visible Alpha consensus, NVIDIA is expected to generate total revenues of $78.5 billion in fiscal Q1 2027. Data Center segment's expected revenues for Q1 have moderated since the November quarter. The expected revenue growth continues to be driven by strong demand for its GPUs from cloud service providers and the move to accelerated computing in the data centers for AI.
Nvidia stock has racked up a streak of gains and earnings could provide another boost.
The standoff comes as Chinese firms increasingly turn to domestic chipmakers like Huawei, in a drive to reduce China's dependence on Western technologies.
Shares of NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) are trading at $236 in Thursday afternoon action, up 4.5% on the session.
Here is the trade of the decade: hyperscalers are spending hundreds of billions on AI infrastructure, and almost all of that money lands on one company's income statement.
Nvidia shares keep hitting new highs.
Next week will bring a lighter economic calendar, though traders will still be watching several housing-related reports, fresh purchasing managers index (PMI) data, and the release of the Federal Reserve's latest meeting minutes.
On the eve of the Trump-Xi summit in Beijing, the United States quietly cleared roughly 10 Chinese firms, including Alibaba, Tencent, ByteDance, and JD.com, to buy NVIDIA's H200 accelerators, with Lenovo and Foxconn approved as distributors.
Nvidia CEO Jensen Huang's fortune climbed over $200 billion for the first time Thursday as shares in the chip designer rose over 4%, making him the seventh person in the world to actively have a net worth over $200 billion.
The administration first gave Nvidia the nod to sell the high-end chips to China in December, but those sales have yet to materialize, in part because of the hoops the manufacturer had to jump through.