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Nvidia-backed stock sinks on unexpected deal
Nvidia-backed stock sinks on unexpected deal

Miami Herald

time07-07-2025

  • Business
  • Miami Herald

Nvidia-backed stock sinks on unexpected deal

I am deeply skeptical about AI, but even more so about crypto. best explains it: "A thriving market for magic beans doesn't make the magic beanstalk real." That is not a random website, but one related to the Rust programming language, probably the most popular one used in crypto-related companies. Predicting the future of any tech bubble is difficult, but sometimes it isn't necessary. Related: Analysts raise Micron stock price target, send warning The key is having a flexible tech stack that enables the company to pivot quickly to another market. Just think of Nvidia, which used the gaming boom to switch to the crypto boom, to quickly switch to the artificial intelligence hype train. You can't be sure when the bubble will burst, but you must be ready. Nvidia isn't the only one that pivoted from crypto to AI. Another is Atlantic Crypto Corporation. It used to mine crypto before changing its name to Coreweave and switching to a cloud computing and AI training business. Erik Isakson/Tetra Images via Getty Images CoreWeave's (CRWV) business model allows businesses to remotely "rent" its Nvidia GPUs for AI training. Nvidia's reliance on CoreWeave cards is probably why Nvidia owns roughly 5% of CoreWeave. The relationship seems to give CoreWeave certain market privileges, so it wasn't surprising when CoreWeave announced on July 3 that it is the first AI cloud provider to deploy the latest NVIDIA GB300 NVL72 cards. Compared to the previous generation of NVIDIA Hopper architecture, the chips offer a huge performance and power efficiency jump for AI reasoning and agentic workloads. Related: Analyst sends Alphabet warning amid search market shakeup Growing demand for AI training led CoreWeave to expand its deal with OpenAI in Q1, bringing the total contract value to $15.9 billion. The company expects total revenue of $4.9 billion to $5.1 billion in 2025. However, capital expenditures could reach $23 billion. Bank of America analysts recently downgraded CoreWeave's stock rating, arguing there is less room for shares to head higher. CoreWeave announced on July 7 that it will acquire Core Scientific (CORZ) in an all-stock transaction. Core Scientific is another crypto mining company known for "digital mining at scale." So, perhaps merging with a company that offers AI training and has the same roots makes sense. The merger deal is valued at approximately $9 billion. CoreWeave argues the deal will help verticalize its data center footprint, ensuring additional revenue growth. More AI Stocks: Veteran fund manager raises eyebrows with latest Meta Platforms moveGoogle plans major AI shift after Meta's surprising $14 billion moveAnalysts revamp forecast for Nvidia-backed AI stock Core Scientific stockholders will receive 0.1235 newly issued shares of CoreWeave stock for each share of Core Scientific stock based on a fixed exchange ratio. If the deal gets finalized, CoreWeave expects Core Scientific's stockholders' ownership of the combined company to be less than 10%. CoreWeave will acquire 1.3 GW of gross power across Core Scientific's national data center footprint, with an incremental 1 GW+ of potential gross power available for expansion. Benefits of this deal include: Cost savings through streamlining business operations and eliminating lease control over the power footprint and possibility for future power of over $10 billion of cumulative future lease overhead to be paid for existing contractual sites over the next 12 to repurpose toward high-performance computing Because this deal is an all-stock transaction, it will dilute CoreWeave's existing shareholders by reducing their ownership percentage. Core Scientific shareholders will also hold a much smaller percentage of the combined company. CoreWeave and Core Scientific shares tumbled on the announcement. At last check, CRWV shares were trading 3% lower near $160, and CORZ 17% lower near $15. Related: Oracle CEO sends blunt 2-word message on its business The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.

Ooredoo Launches Sovereign AI Cloud In Qatar
Ooredoo Launches Sovereign AI Cloud In Qatar

Channel Post MEA

time04-07-2025

  • Business
  • Channel Post MEA

Ooredoo Launches Sovereign AI Cloud In Qatar

Ooredoo has announced the launch of advanced sovereign AI cloud services, built on the latest NVIDIA Hopper GPUs and hosted in its local data centres. This strategic deployment brings world-class accelerated computing capabilities to Qatar, significantly advancing the nation's digital transformation agenda. By enabling advanced artificial intelligence applications without relying on international providers, and by delivering high-performance computing infrastructure locally, Ooredoo is accelerating AI adoption across key sectors, including energy, finance, logistics, healthcare, and smart city development. For customers, this means faster access to computing power, the ability to handle massive datasets securely, and the convenience of deploying AI solutions under national data policies, all with the low latency and reliability of in-country infrastructure. Sheikh Ali Bin Jabor Al-Thani, Chief Executive Officer, Ooredoo Qatar, said: 'We are proud to bring this world-class AI infrastructure to Qatar, equipping our customers with the tools they need to turn ambition into real-world solutions. Our collaboration with NVIDIA paves the way for a new generation of innovation, empowering everyone from startups to government entities to benefit from the full potential of artificial intelligence, securely and efficiently. This, in turn, will fuel economic growth, upgrade citizen experiences, and cement Qatar's position as a digital leader in the region.' As an NVIDIA Cloud Partner (NCP), Ooredoo offers customers access to cutting-edge GPU technology and to NVIDIA's full software suite for AI development. This includes the NVIDIA AI Enterprise platform, which simplifies and speeds up the process of building, testing, and scaling AI models from idea to production. Whether a team is developing AI-powered chatbots, optimising supply chains, or analysing financial patterns in real time, they will be able to do so with global-grade tools, deployed securely in Ooredoo's data centres, hosted and operated by Syntys through mission-critical infrastructure facilities designed to meet the demands of high-performance computing workloads. This launch directly supports the ambitions of the Qatar Digital Agenda 2030 and the Qatar National AI Strategy, which call for robust digital infrastructure, local hosting of critical technology, and the responsible development of AI to benefit society and the economy. Through this deployment, Ooredoo continues to strengthen its role as a key digital enabler, delivering next-generation infrastructure that supports both the future of business and the future of the country.

Ooredoo Launches Sovereign AI Cloud With NVIDIA In Qatar
Ooredoo Launches Sovereign AI Cloud With NVIDIA In Qatar

Channel Post MEA

time03-07-2025

  • Business
  • Channel Post MEA

Ooredoo Launches Sovereign AI Cloud With NVIDIA In Qatar

Ooredoo has announced the launch of advanced sovereign AI cloud services, built on the latest NVIDIA Hopper GPUs and hosted in its local data centres. This strategic deployment brings world-class accelerated computing capabilities to Qatar, significantly advancing the nation's digital transformation agenda. By enabling advanced artificial intelligence applications without relying on international providers, and by delivering high-performance computing infrastructure locally, Ooredoo is accelerating AI adoption across key sectors, including energy, finance, logistics, healthcare, and smart city development. For customers, this means faster access to computing power, the ability to handle massive datasets securely, and the convenience of deploying AI solutions under national data policies, all with the low latency and reliability of in-country infrastructure. Sheikh Ali Bin Jabor Al-Thani, Chief Executive Officer, Ooredoo Qatar, said: 'We are proud to bring this world-class AI infrastructure to Qatar, equipping our customers with the tools they need to turn ambition into real-world solutions. Our collaboration with NVIDIA paves the way for a new generation of innovation, empowering everyone from startups to government entities to benefit from the full potential of artificial intelligence, securely and efficiently. This, in turn, will fuel economic growth, upgrade citizen experiences, and cement Qatar's position as a digital leader in the region.' As an NVIDIA Cloud Partner (NCP), Ooredoo offers customers access to cutting-edge GPU technology and to NVIDIA's full software suite for AI development. This includes the NVIDIA AI Enterprise platform, which simplifies and speeds up the process of building, testing, and scaling AI models from idea to production. Whether a team is developing AI-powered chatbots, optimising supply chains, or analysing financial patterns in real time, they will be able to do so with global-grade tools, deployed securely in Ooredoo's data centres, hosted and operated by Syntys through mission-critical infrastructure facilities designed to meet the demands of high-performance computing workloads. This launch directly supports the ambitions of the Qatar Digital Agenda 2030 and the Qatar National AI Strategy, which call for robust digital infrastructure, local hosting of critical technology, and the responsible development of AI to benefit society and the economy. Through this deployment, Ooredoo continues to strengthen its role as a key digital enabler, delivering next-generation infrastructure that supports both the future of business and the future of the country.

NVIDIA's Q1 Earnings Coming Up: Time to Buy, Sell or Hold the Stock?
NVIDIA's Q1 Earnings Coming Up: Time to Buy, Sell or Hold the Stock?

Yahoo

time22-05-2025

  • Business
  • Yahoo

NVIDIA's Q1 Earnings Coming Up: Time to Buy, Sell or Hold the Stock?

NVIDIA Corporation NVDA is set to report first-quarter fiscal 2026 results on May 28. The company expects revenues of $43 billion (+/-2%) for the quarter. The Zacks Consensus Estimate is pegged at $42.71 billion, which indicates a whopping 64% increase from the year-ago reported figure. The Zacks Consensus Estimate for quarterly earnings has moved down a penny to 87 cents per share over the past 30 days. This suggests year-over-year growth of 42.6% from the year-ago quarter's earnings of 61 cents per share. Image Source: Zacks Investment Research Earnings of the pioneer in graphics processing unit (GPU)-accelerated computing surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 7.9%. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) NVIDIA Corporation price-eps-surprise | NVIDIA Corporation Quote Our proven model does not conclusively predict an earnings beat for NVIDIA this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here. You can see the complete list of today's Zacks #1 Rank stocks here. Though NVIDIA carries a Zacks Rank #3, it has an Earnings ESP of -5.24%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. NVIDIA's first-quarter top line is likely to have benefited from the continued strength in its Datacenter business. The increasing adoption of cloud-based solutions amid the growing hybrid working trend is anticipated to have boosted demand for its chips across the datacenter end market. An increase in hyperscale demand and growing adoption in the inference market are likely to have acted as tailwinds in the to-be-reported quarter. The Datacenter end-market business is likely to have benefited from the growing demand for generative AI and large language models using GPUs based on NVIDIA Hopper and Ampere architectures. The strong demand for its chips from large cloud service and consumer internet companies is anticipated to have aided the segment's top-line growth in the to-be-reported quarter. Our first-quarter revenue estimate for the Datacenter end market is pegged at $38.5 billion, which indicates robust year-over-year growth of 70.6%. Moreover, NVIDIA's first-quarter performance is likely to have benefited from the recovery across its Gaming and Professional Visualization end markets. The Gaming end market's results have improved year over year in six out of the last seven quarters, as inventory levels with channel partners have returned to normal. The company also registered strong demand across most regions for its gaming products. Our first-quarter revenue estimate for the Gaming end market is pegged at $3.29 billion, which implies a 24.4% increase from the year-ago quarter's level. NVIDIA's Professional Visualization segment performance also reflected recovery, with revenues increasing in six consecutive quarters. The trend is likely to have continued in the first quarter. Our first-quarter revenue estimate for the Professional Visualization end market is pegged at $567.6 million, which suggests a 32.9% increase from the year-ago quarter's figure. The company's Automotive segment demonstrated an improvement in trends over the preceding four quarters. The positive trend is likely to have continued in the fiscal first quarter due to increasing investments in self-driving and AI cockpit solutions. Our revenue estimate for the Automotive end market is pegged at $551.7 million, which indicates year-over-year growth of 67.7%. Shares of NVIDIA have remained highly volatile over the past year. NVDA stock has gained 27% over the past year, outperforming the Zacks Semiconductor – General industry's growth of 23.5%. The stock has also outperformed major semiconductor stocks, including Advanced Micro Devices AMD, Micron Technology MU and Marvell Technology MRVL. Shares of Advanced Micro Devices, Micron Technology and Marvell Technology have lost 30.1%, 24% and 19.8%, respectively. Image Source: Zacks Investment Research Now, let's look at the value NVIDIA offers investors at the current levels. NVIDIA is trading at a premium with a forward 12-month P/S of 15.48X compared with the industry's 13.26X, reflecting a stretched valuation. Image Source: Zacks Investment Research NVDA also trades at a premium compared with other semiconductor players, including Advanced Micro Devices, Micron Technology and Marvell Technology. Currently, Advanced Micro Devices, Micron Technology and Marvell Technology trade at a forward P/S multiples of 5.37X, 2.48X and 5.94X, respectively. Over the past year, NVIDIA's revenue growth has been driven by robust demand for chips required for the development of generative AI models. NVIDIA dominates the market for generative AI chips, which have already proven useful across multiple industries, including marketing, advertising, customer service, education, content creation, healthcare, automotive, energy & utilities and video game development. The growing demand to modernize the workflow across industries is expected to drive the demand for generative AI applications. The global generative AI market size is anticipated to reach $967.6 billion by 2032, according to a new report by Fortune Business Insights. The market is expected to witness a CAGR of 39.6% from 2024 to 2032. However, the complexity of generative AI, which requires vast knowledge and immense computational power, means that enterprises will need to significantly upgrade their network infrastructures. NVIDIA's AI chips, including the A100, H100 and B100, are the top choices for building and running these powerful AI applications, positioning the company as a leader in this space. As the generative AI revolution unfolds, we expect NVIDIA's advanced chips to drive substantial growth in both its revenues and market presence. As a leading player in the semiconductor industry, NVIDIA has benefited from its dominance in GPUs and strategic expansion into AI, data centers and autonomous vehicles. The company's strong product portfolio, leadership in AI and relentless innovation present a compelling investment opportunity. However, its high valuation makes it vulnerable to short-term volatility. For now, holding the stock is the smartest approach. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Micron Technology, Inc. (MU) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Marvell Technology, Inc. (MRVL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research

NVIDIA's Q1 Earnings Coming Up: Time to Buy, Sell or Hold the Stock?
NVIDIA's Q1 Earnings Coming Up: Time to Buy, Sell or Hold the Stock?

Yahoo

time22-05-2025

  • Business
  • Yahoo

NVIDIA's Q1 Earnings Coming Up: Time to Buy, Sell or Hold the Stock?

NVIDIA Corporation NVDA is set to report first-quarter fiscal 2026 results on May 28. The company expects revenues of $43 billion (+/-2%) for the quarter. The Zacks Consensus Estimate is pegged at $42.71 billion, which indicates a whopping 64% increase from the year-ago reported figure. The Zacks Consensus Estimate for quarterly earnings has moved down a penny to 87 cents per share over the past 30 days. This suggests year-over-year growth of 42.6% from the year-ago quarter's earnings of 61 cents per share. Image Source: Zacks Investment Research Earnings of the pioneer in graphics processing unit (GPU)-accelerated computing surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 7.9%. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) NVIDIA Corporation price-eps-surprise | NVIDIA Corporation Quote Our proven model does not conclusively predict an earnings beat for NVIDIA this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here. You can see the complete list of today's Zacks #1 Rank stocks here. Though NVIDIA carries a Zacks Rank #3, it has an Earnings ESP of -5.24%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. NVIDIA's first-quarter top line is likely to have benefited from the continued strength in its Datacenter business. The increasing adoption of cloud-based solutions amid the growing hybrid working trend is anticipated to have boosted demand for its chips across the datacenter end market. An increase in hyperscale demand and growing adoption in the inference market are likely to have acted as tailwinds in the to-be-reported quarter. The Datacenter end-market business is likely to have benefited from the growing demand for generative AI and large language models using GPUs based on NVIDIA Hopper and Ampere architectures. The strong demand for its chips from large cloud service and consumer internet companies is anticipated to have aided the segment's top-line growth in the to-be-reported quarter. Our first-quarter revenue estimate for the Datacenter end market is pegged at $38.5 billion, which indicates robust year-over-year growth of 70.6%. Moreover, NVIDIA's first-quarter performance is likely to have benefited from the recovery across its Gaming and Professional Visualization end markets. The Gaming end market's results have improved year over year in six out of the last seven quarters, as inventory levels with channel partners have returned to normal. The company also registered strong demand across most regions for its gaming products. Our first-quarter revenue estimate for the Gaming end market is pegged at $3.29 billion, which implies a 24.4% increase from the year-ago quarter's level. NVIDIA's Professional Visualization segment performance also reflected recovery, with revenues increasing in six consecutive quarters. The trend is likely to have continued in the first quarter. Our first-quarter revenue estimate for the Professional Visualization end market is pegged at $567.6 million, which suggests a 32.9% increase from the year-ago quarter's figure. The company's Automotive segment demonstrated an improvement in trends over the preceding four quarters. The positive trend is likely to have continued in the fiscal first quarter due to increasing investments in self-driving and AI cockpit solutions. Our revenue estimate for the Automotive end market is pegged at $551.7 million, which indicates year-over-year growth of 67.7%. Shares of NVIDIA have remained highly volatile over the past year. NVDA stock has gained 27% over the past year, outperforming the Zacks Semiconductor – General industry's growth of 23.5%. The stock has also outperformed major semiconductor stocks, including Advanced Micro Devices AMD, Micron Technology MU and Marvell Technology MRVL. Shares of Advanced Micro Devices, Micron Technology and Marvell Technology have lost 30.1%, 24% and 19.8%, respectively. Image Source: Zacks Investment Research Now, let's look at the value NVIDIA offers investors at the current levels. NVIDIA is trading at a premium with a forward 12-month P/S of 15.48X compared with the industry's 13.26X, reflecting a stretched valuation. Image Source: Zacks Investment Research NVDA also trades at a premium compared with other semiconductor players, including Advanced Micro Devices, Micron Technology and Marvell Technology. Currently, Advanced Micro Devices, Micron Technology and Marvell Technology trade at a forward P/S multiples of 5.37X, 2.48X and 5.94X, respectively. Over the past year, NVIDIA's revenue growth has been driven by robust demand for chips required for the development of generative AI models. NVIDIA dominates the market for generative AI chips, which have already proven useful across multiple industries, including marketing, advertising, customer service, education, content creation, healthcare, automotive, energy & utilities and video game development. The growing demand to modernize the workflow across industries is expected to drive the demand for generative AI applications. The global generative AI market size is anticipated to reach $967.6 billion by 2032, according to a new report by Fortune Business Insights. The market is expected to witness a CAGR of 39.6% from 2024 to 2032. However, the complexity of generative AI, which requires vast knowledge and immense computational power, means that enterprises will need to significantly upgrade their network infrastructures. NVIDIA's AI chips, including the A100, H100 and B100, are the top choices for building and running these powerful AI applications, positioning the company as a leader in this space. As the generative AI revolution unfolds, we expect NVIDIA's advanced chips to drive substantial growth in both its revenues and market presence. As a leading player in the semiconductor industry, NVIDIA has benefited from its dominance in GPUs and strategic expansion into AI, data centers and autonomous vehicles. The company's strong product portfolio, leadership in AI and relentless innovation present a compelling investment opportunity. However, its high valuation makes it vulnerable to short-term volatility. For now, holding the stock is the smartest approach. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Advanced Micro Devices, Inc. (AMD) : Free Stock Analysis Report Micron Technology, Inc. (MU) : Free Stock Analysis Report NVIDIA Corporation (NVDA) : Free Stock Analysis Report Marvell Technology, Inc. (MRVL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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