Nvidia plans to start shipping small volumes of an AI chip designed for Chinese customers by the end of the year, The Information reported on Thursday, citing two employees.
Nvidia (NVDA) shares were down 0.3% at $216.74 in early Thursday trading, extending a period of relative underperformance. The stock has risen 17% this year through Wednesday's close, well behind the 66% gain in the PHLX Semiconductor Index over the same period.
Traders aren't wrong in feeling as though second-quarter earnings season is over. However, there's at least one big report left to absorb.
Next week brings one of the busiest stretches of the summer, with a flood of economic data scheduled for release.
Nvidia Corporation remains a Strong Buy, as I anticipate robust forward guidance and continued execution on the Rubin ramp. Key metrics to watch are next quarter's revenue guidance, $1T visibility extension, gross margin resilience amid HBM4 costs, and financing platform disclosures. NVDA stock trades at a forward P/E of 23.1 and outperforms peers in growth, profitability, and return metrics, supporting its premium valuation.
Nvidia has discussed participating in a funding round that would value Mercor, a data labeling provider that supplies data that helps the chip designer develop open-source models, at $20 billion, The Information reported Wednesday (Aug. 19), citing unnamed sources. The size of Nvidia's potential investment and the total funding round could not be learned, according to the report.
NVIDIA's lower financial risk and stronger profitability give it an edge over Broadcom as both benefit from AI demand.
NVIDIA has become the load-bearing wall of the AI buildout.
Chinese robot makers showed off humanoids sorting parcels, packing mobile phones and helping with household chores at a Beijing conference on Wednesday, seeking to demonstrate a shift from crowd-pleasing displays to broader commercial use.
Nvidia (NASDAQ: NVDA | NVDA Price Prediction) CEO Jensen Huang's net worth is up $27.5 billion this year to $182 billion.
Nvidia stock (NVDA) edged 0.1% lower in early Wednesday trading as investors looked ahead to the chipmaker's August 26 earnings report and weighed reports that Chinese customers may receive additional shipments of its H200 processors. The move followed a 2.3% decline on Tuesday amid a broader selloff in semiconductor stocks.
Bank of America says so. The discount may be 34%, but its analysts say it could be as high as 50%.