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I can’t remember exactly but it seems in 2021 when they announced the 4:1 stock split in May it was effective I believe July 21st. This one is effective June 7th I believe so relative short amount of time versus in 2021. If memory serves me last time SP increased over 200 points in that timeframe. I’m wondering if Nvidia is splitting quicker to keep the SP closer to the $100 range for retail. I may be over thinking it wouldn’t be the first time.
Well I have to admit I was wrong on two things, first I didn’t think we would have a split since it wasn’t in the annual voting. The other was I didn’t think Blackwell would be until 1Q 25. Glad I was wrong on both counts. Nvidia is putting the nail in the coffin with Blackwell
Golden don’t you miss Dino
3,000 soon to be 30,000
Although Jensen has been on record he likes the SP affordable I think they know there is a lot of gas left in the tank for the SP especially with Blackwell coming out in 4Q more like 1Q 25. I think with H200 just coming out they will sell the heck out of it before Blackwell debuts. Should find a little more info in a few days
Only if there is nothing to do in that position
I received my notice to vote at annual meeting there was nothing in there about a stock split. I don’t know if they can change or add anything to the ballot before June 25th or not. If the answer is no then I would say no stock split anyone have a different view
They have no intention of letting it go delinquent that is a good thing
Analysts overhaul Nvidia stock price targets ahead of earnings
The chipmaker's new GB200 platform could transform its medium-term revenue growth, according to Wall Street analysts.
Nvidia shares edged higher in early Monday trading after a pair of analysts issued big price target changes on the AI tech giant ahead of its highly anticipated first-quarter-earnings report on May 22.
Nvidia (NVDA) have surged more than 86% this year, adding more than $1 trillion in market value, as investors continue to reset earnings and revenue forecasts tied to its dominant position in the market for artificial intelligence-powering processors.
The latest iteration of those processors, a new GPU architecture known as Blackwell, was released earlier this spring, with a promise to perform AI tasks at more than twice the speed of Nvidia's current Hopper chips while using less energy and providing more bespoke flexibility.
“Blackwell’s not a chip; it’s the name of a platform,” CEO Jensen Huang told investors during the launch event. "Hopper is fantastic, but we need bigger GPUs."
HSBC analyst Frank Lee, in fact, cited the group's ability to leverage pricing power through the new GB200 platform as he lifted his price target on Nvidia by $300 to $1,350 a share.
GB200 platform pricing
Lee sees the overall GB200 pricing in the region of $60,000 to $70,000 per server, twice the $30,000 to $35,000 cost of a stand-alone B100 processor.
Lee sees the server-rack pricing potentially helping revenue for Nvidia's next fiscal year, which ends in January 2026, rise to $196 billion, a 38% premium to current Wall Street estimates.
“We believe Nvidia will continue to demonstrate its strong pricing power via its NVL36/NVL72 server-rack system and GB200 platform, which will once again surprise the market on the upside in FY26," Lee said in a note published on May 12.
Related: Nvidia shares get boost from key supplier ahead of earnings
Jefferies analyst Blayne Curtis, meanwhile, added $420 to his Nvidia price target, taking it to $1,200 per share, saying that he expects a a strong ramp for the GB200 NVL 36/72," which includes both Nvidia and Arm Holdings-based CPUs.
Nvidia earnings on deck
“We believe it’s too early to sift out winners and losers in the AI basket yet, but Nvidia is our favorite,” said Curtis, who carries a 'buy' rating on Nvidia stock.
“Nvidia maintains control over the entire ecosystem and is taking more pieces of the pie," he added.
Nvidia is scheduled to post fiscal 2025 first-quarter earnings after the close of trading on May 22, with analysts on average estimating profit rose more than fivefold from a year earlier to $5.55 a share.
Related: Analyst adjusts Nvidia stock price target ahead of earnings
The Santa Clara, Calif., group is also expected report revenue more than tripled, to $24.5 billion, with quarterly sales expected to top the $30 billion mark by the end of its current financial year in January 2025.
More AI Stocks:
Analyst unveils eye-popping Palantir stock price target after Oracle deal
Veteran analyst delivers blunt warning about Nvidia's stock
Analysts revamp Microsoft stock price target amid OpenAI reports
Nvidia shares were marked 0.95% higher in premarket trading to indicate an opening bell price of $907.42 each. The stock hit an all-time high of $974 on March 25.
Yes I agree
Rolvram thanks for all the articles you’ve been a busy bee. It is hard not to love this company for such a big company it is so nimble they are everywhere in AI. I think the only thing that worries me and I don’t want to say it to loud is antitrust situation in the future. Unfortunately when companies can’t compete on a fair playground they start whining antitrust to the FTC. Their CUDA software is what worries me (but hopefully not).
I don’t know if you guys follow Yahoo Finance Nvidia board this is from JeffG on there. One of the few I like to read and don’t have muted. More on the technical news side not the SP and trading side you guys like but I think he is sharp guy.
2 days old, of course, but 1st time I've seen the commentary:
Frank Lee, CFA, an analyst from HSBC, maintained the Buy rating on Nvidia. The associated price target was raised to $1,350.00.
Frank Lee CFA has given his Buy rating due to a combination of factors influencing Nvidia’s future financial performance. He anticipates that Nvidia will maintain strong pricing power through its NVL36/NVL72 server rack systems and the GB200 platform. These products are expected to drive revenue significantly above market expectations by FY26, with server rack systems alone projected to contribute USD 67 billion. Lee’s analysis suggests that Nvidia’s advanced product lineup, including its AI product roadmap and the upcoming GB200, with a higher average selling price, will surprise the market on the upside and lead to substantial earnings growth.
Furthermore, Frank Lee CFA cites the potential for Nvidia to surpass consensus sales estimates in the short term, despite acknowledging some near-term uncertainties due to product transitions. His revised sales and earnings per share estimates for FY26 stand at USD 196 billion and USD 45.16, respectively—markedly higher than the consensus. By maintaining a price-to-earnings ratio target of 30x, which is slightly conservative compared to the historical average, Lee underscores the re-rating potential of Nvidia as it transitions to its new product mix. This strong conviction in Nvidia’s revenue growth and success
Not to mention quantum computing just around the corner with Nvidia’s CUDA Quantum software. The computer hardware has not been developed yet but won’t be long and I’m sure Nvidia’s GPU will be involved along with their software. We all know CUDA is what sets them apart from others
Are you saying it is more of a $1,100 to 1,200 stock
Hey I get frustrated and lash out the FERC thing really did me in I thought everyone was getting their payday then. Oh well live for another day all good here I don’t know the industry but everybody here does keep up the good work and let’s slay these bastards
I already have it but we always want more right
Grouse I don’t know maybe we would be better off if they sold the shell to someone that would use it right away. Just because they have spent over a million to keep it clean doesn’t mean they will use it in the long run. A lot has changed since they acquired 71%
Well now you have to get nasty as I’ve seen you get with others as far as selling I’ll keep my 280,000 shares. As far as giving selling advice you better keep to this blog. Last year you told me to sell my 3,000 shares of Nvidia at $370.00 remember you screen shot some investors letter spewing your know it all crap. If you would have listened about Nvidia you might be in Idaho as we speak tending to your sheep
Not sure what you’re implying by if I really feel that way about if Delfin lied yeah I do but so what not the first company to lie or about they won’t get MARAD or DOE until after election yeah I do if you don’t that’s fine you’re entitled to your opinion. Why is it if you’re not rah rah blah blah a person should sell. I invested in TGLO 6 long years ago because I thought Delfin would RM into it still hope so. Do I have worries that they won’t dam right don’t you or everyone else for that matter. Falling in love with a stock (this not a stock but company Delfin) is the cardinal sin. As far as TGLO being valuable it is very valuable kind of the jest in my last sentence of previous post.
NP what I’m saying is When Delfin had the letter to FERC basically begging for an October certification so they could FID was not truthful. Whether they knew what MARAD was going to do doesn’t matter they knew they needed MARAD to issue to FID and they didn’t have it and didn’t know when they would get it. They haven’t FID without MARAD and now awaiting DOE they won’t. Do you think it was a coincidence Delfin went for 4 years with FERC if FID was imminent. Look I’m not a black helicopter flying over type of guy but I also don’t bury my head in the sand. I personally could care less about Delfin what I do care about is my TGLO investment and at the moment Delfin is what stands between TGLO and success. In my eyes we would all be better off if Delfin sold the shell but they won’t and we will continue to linger.
Delfin’s problems have nothing to do with any administration they are all self inflicted. They knew during FERC they didn’t have MARAD and DOE was coming up and have no plans to FID without them. They have a Senator Cruz ( loud mouth likes to hear his own voice and the last person democrats would listen to) a Italian, British, Japanese company and an American company that won’t SPA write letters, along with some IHubers. Regardless what you think the current administration is not issuing anything before the election period. I invested in TGLO a shell company that currently is being held by Delfin with no immediate plans to use it. That’s the problem wake up, if that’s Debbie Downer so be it.
Their not holding their head at the right angle
You are right it is the amount of Data Centers that are being built and will be built in the near future. Virginia is probably the biggest state with data centers. Of course California won’t have the data centers they can’t charge a car. I think the nasty word nuclear (highly regulated) will end up coming back.
This is a lot of GPU’s
“Meta Spends $30 Billion on a Million NVIDIA GPUs to Train its AI Models
Larger than the Apollo Moon Mission, which cost about $26 billion between 1968 and 1973.
Published on May 3, 2024
by Donna Eva
In a “staggering” revelation, Meta AI chief Yann LeCun confirmed that Meta has obtained $30 billion worth of NVIDIA GPUs to train their AI models. Enough to run a small nation or even put a man on the moon in 1969.
Speaking at the Forging the Future of Business with AI Summit organised by Imagination in Action, LeCun said that more variations of Llama-3 would be out over the next few months, with training and fine-tuning currently taking place.
“Despite all the computers we have on our hands, it still takes a lot of time to fine-tune, but a bunch of variations on those models are going to come out over the next few months,” he said.
Speaking of fine-tuning and training, host John Werner stated that Meta had bought an additional 500,000 GPUs from NVIDIA, taking the total number of NVIDIA GPUs up to a million, with a retail value of $30 billion.
Combining the total costs of the GPUs so far, Werner pointed out that the training of the model exceeded the costs of the entire Apollo space programme, which back in the 1960s, amounted to about $25.4 billion.
Agreeing, LeCun said, “Yeah, it’s staggering, isn’t it? A lot of it, not just training, but deployment, is limited by computational abilities. One of the issues that we’re facing is the supply of GPUs and the cost of them at the moment.
Obviously, adjusted for inflation, the Apollo programme still outsells the Meta in terms of how much was actually spent, with roughly $257 billion spent. But it’s no secret that the cost of GPUs is a continuously growing expense for AI companies.
Recently, OpenAI’s Sam Altman said that he doesn’t care if the company spends upwards of $50 billion a year in developing AGI. The company, as of March, employs as many as 720,000 NVIDIA H100 GPUs for Sora alone. This amounts to about $21.6 billion.
Similarly, all big tech companies are hoping to expand how many GPUs they can obtain by the end of the year, or even by 2025.
Microsoft is aiming for 1.8 million GPUs by the end of the year. Meanwhile, OpenAI hopes to use 10 million GPUs for their latest AI model.
In the meantime, NVIDIA has also been churning out GPUs, with their latest DGX H200 GPU being hand-delivered by CEO Jensen Huang to Altman.
Coming back to LeCun, he pointed out that the need of the hour was the ability to upscale learning algorithms so they could be parallelised across several GPUs. “Progress on this has been kind of slow in the community, so I think we’re kind of waiting for breakthroughs there,” he said.
With that occurring, costs could potentially lower for AI companies, though with increasingly fast upscaling overall, demand could remain the same.”
Was he eaten by cannibals like Joe’s uncle
Yeah I know Meta is using Nvidia I was referring to Apple using Nvidia’s GPU for their generative AI. They will be announcing in the future it would be big if Nvidia was involved
Yeah it would be big news if they used Nvidia’s gear.
In Apples earnings they talked about telling more in the future about their generative ai plans. Does anyone think Nvidia will be in those conversations
Nvidia wants to sell their systems to their customers which also doesn’t help Supermicro
Well then I guess you will get what you deserve then.
I listened to some of AMD earnings call, they increased mi300x yearly sales .5 billion to 4 billion. I think Nvidia loses that much a year, hearing that makes me feel a lot better towards competition. Answers question from article “ Second, as rival semiconductor companies ramp up their efforts to capitalize on the generative artificial intelligence trend.”
Well AMD reports tonight it will be hard to know how Nvidia will react kind of a catch 22 to me. If they have low sales of Mi300x the street could say AI is over (which we know isn’t true). Or if great sales the street will say oh it’s over for Nvidia (also not true). We will see what do you guys think
I see that ford is a partner of Nvidia not sure how intense they are on the autonomous driving aspect but cool beans
That’s okay same question pertains
I always said TGLO would never do anything until Delfin and TGLO were used in the same sentence. I never thought it would be used as a negative but that’s okay if they know about it others will too in a good way
I’m not sure is Ford using Nvidia’s technology
Yes they are a month after probably 95% of the companies, I’m not sure why I guess when they started the company
That would be better
Thanks for the articles I always enjoy them