Nvidia (NASDAQ: NVDA) could end August on a higher note if the latest machine learning forecast proves accurate.
Elon Musk made interesting comments that Nvidia (NVDA +2.27%) stock investors will not want to miss. (SPCX +15.83%)
With Nvidia (NVDA) rallying 10% this week, John Belton of Gabelli Funds expects another strong quarter as continued hyperscaler CapEx spending supports demand, with Elon Musk saying SpaceX (SPCX) plans to exclusively use Nvidia chips. Belton also says AMD (AMD) is clearly benefiting from agentic AI demand and sees its upcoming product launches as an opportunity to take share from Nvidia's GPU business.
The chip maker recorded its largest-ever weekly increase in market capitalization.
Beyond GPUs, AI's next winners may emerge across networking, software and quantum as investment broadens and governments boost next-gen computing.
Nvidia and SpaceX are drawing attention after announcing a major partnership that will see SpaceX exclusively deploy Nvidia's next-generation AI hardware across its terrestrial and orbital computing infrastructure.
NVIDIA's 11% monthly gain is backed by surging AI demand, strong cash flow and a forward P/E below the tech sector average.
Nvidia stock (NVDA) slipped on Thursday after giving up early gains, as investors paused following a strong five-session rally that has lifted the chipmaker's stock by about 12%. The stock was down roughly 0.7% at around $217 in afternoon trading.
I've been buying Nvidia Corporation regularly since 2022. My best article on NVDA for Seeking Alpha (from April 2025) brought roughly 125% return. Now, I'm even more bullish. Because NVDA has just received 3 great news items. Hyperscaler CapEx guidance just keeps on growing, even beyond 2026. And Vera Rubin's ramp hit record scale for NVDA.
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At $211.94, NVIDIA (NASDAQ:NVDA | NVDA Price Prediction) looks compelling on the numbers.
I keep buying NVIDIA (NASDAQ:NVDA | NVDA Price Prediction), and the reason is straightforward: every quarter, the companies that spend money on my behalf tell me they cannot get enough of what NVIDIA sells.