Yahoo Finance
AI developers are constantly demanding more power, fueling the AI boom, which bodes well for Nvidia.
Nvidia (NVDA) is becoming more vertically integrated, taking interests in companies that help secure power for data centers, whether from the grid or independent power sources.
It is also reportedly in advanced talks to acquire an interest in Cloverleaf Infrastructure, a company that arranges power for data centers. Nvidia also took an equity interest in SoftBank's SB Energy, which was a deal tied to a megacampus in Ohio that OpenAI leased for 20 years. Additionally, Nvidia made a $2 billion investment in Lancium, the power developer behind a campus in Abilene, Texas, where OpenAI rents computing capacity from Oracle.
Also Read:Goldman Sachs spots huge twist ahead of Nvidia's earnings Nvidia is clearly becoming more vertically integrated in data center development, which should ensure its market dominance for 20+ years, especially since many data centers operate under 20-year leases.
Expectations are certainly high heading into NVIDIA's announcement on August 26.
Analysts expect NVIDIA to nearly double its earnings and revenue from a year ago.
So, I'll be paying close attention to what CEO Jensen Huang has to say about AI demand and what he sees coming down the pipeline.
NVIDIA's results could push S&P 500 earnings growth above 50% for the quarter.
That's simply stunning and shows just how strong this earnings season has been.
Related: Louis Navellier sets eye-opening Nvidia stock price target for rest of this year My stock grading system rates NVIDIA as a C.
That may seem like a low grade given everything I've just said.
Remember, these rankings are weighted 70% on their quantitative score and 30% on their fundamental score.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
Comments
Post a Comment