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Goldman Sachs expects a new round of positive earnings revaluation for NVIDIA (NVDA.US), supporting its stock price to continue to rise.
Goldman Sachs released a report, indicating that they had a team meeting with Colette Kress, the CFO of Nvidia (NVDA.US), to discuss topics including the development of generative AI models, future capital expenditure plans, etc. Goldman Sachs confirmed their opinion that the generative AI expenditure cycle will continue, and Nvidia will maintain its leading position through rapid innovation, reiterating their "buy" rating (listed on the "conviction buy" list for US stocks) with a target price of 135 USD in the next 12 months. In the short term, Goldman Sachs estimates that Nvidia's primary cloud solution provider customers will increase capital expenditure in the next two years, and Nvidia will benefit from this trend.
US stock market closing: Dow hit new high, Nasdaq fell 2.8% to the largest drop in a year and a half; chip stocks plummeted, ASML Holding fell nearly 13% after the performance report, Nvidia fell over 6%.
The PHLX Semiconductor Index suffered a brutal 7% decline, with Nvidia dropping the most at 6.6% among the 'Tech Seven Sisters'. ASML Holding plummeted nearly 13% and was once halted. Applied Materials, AMD, and Lam Research fell by more than 10%. However, 'AI losers' such as Intel and IBM drew investor interest and ended up rising against the trend.
Nvidia's Blackwell is about to be shipped! However, the server segment is facing bottlenecks, all due to this one component?
ODM manufacturers of servers expect that the mass production of Nvidia's Blackwell series chips will increase customers' willingness to adopt liquid cooling.
A trader made a profit of $6.5 million in one day by 'precisely short selling' Nvidia, and then allegedly locked in the profit.
Nvidia fell into a technical correction area in just one day. Earlier on Tuesday, 0.06 million put spread options contracts were bought at $119/$115, with a total cost of approximately $1.23 million. On Wednesday morning, about 58,000 of the same CFDs were exchanged at once, with a price of approximately $7.83 million. Market participants said the trading seemed to be closing out. If it was the same trader, the total profit would have exceeded $6.5 million.
The market cap of the seven giant US stocks evaporated by 4.2 trillion yuan overnight. Goldman Sachs: now there is only one way to go, and that is down.
On July 18, Guolong Information reported that the Nasdaq 100 index fell 2.9% on Wednesday, the biggest single-day drop since December 2022. All seven of the weighted stocks, known as the "Seven Giants", fell, with Nvidia (NVDA.US) leading the decline, down more than 6.6%, and Apple (AAPL.US) down 2.5%. The market capitalization of the Seven Giants evaporated by about $580 billion (approximately 4.21 trillion yuan) in a single day. The trading department of Goldman Sachs said that there is only one way for the S&P 500 index to go, and that is down, and it will not buy on dips.
Nvidia-Backed AI Company Taps Clean Energy Partner -- Barrons.com
By Avi Salzman Bloom Energy stock rose 1.3% on Wednesday after signing a deal with Nvidia-backed AI cloud company CoreWeave to power a data center. It is a rare instance of a clean energy company