NVDA
Monday mood swing
Nvidia woke up on the wrong side of the bed Monday, sliding more than 2% as the broader tech trade lost its footing. The Nasdaq was down too, so this wasn’t some solo face-plant — just the market reminding everyone that even the AI golden child can get dragged around by sentiment.
The analyst pep talk
Cantor Fitzgerald’s C.J. Muse kept an Overweight rating on Nvidia and slapped on a $350 price target, arguing investors are still underestimating how far the company can stretch beyond GPUs. Think networking, rack-scale systems, software, infrastructure, and financing — basically, Nvidia trying to become the whole AI arcade, not just the joystick.
Earnings in the spotlight
The real catalyst is right around the corner: Nvidia reports earnings on Aug. 26. JPMorgan is calling for another beat-and-raise setup, with revenue estimates above the Street and a bullish take on Blackwell, GB300, and the first Vera Rubin racks.
- Wall Street expects EPS of $2.07 on revenue of $92.03 billion.
- Cantor thinks Nvidia’s data-center ambitions could keep compounding for years.
- The risk? Custom silicon competition and rising memory costs, because even juggernauts get annoying margin math.
Big picture: Monday’s dip looks more like pre-earnings nerves than a thesis break. If Nvidia delivers, the stock could go from “meh, market noise” to “okay, maybe the AI party really is still early.”