History Says This Is What Happens to Nvidia Stock in September

Nvidia (NVDA) reported $96.2B in Q2 revenue, up 106% YoY, with Data Center revenue at $89B. The company forecasts $108B in Q3 and 70% growth for FY2028, but warns supply constraints will persist. Analysts speculate potential $1T revenue by FY2029, contingent on overcoming supply chain challenges.

Nvidia (NVDA) rose 8.74% after reporting record revenue of $96.2B, up 106% YoY, and guiding $108B for the next quarter. Analyst Tom Lee noted this is unusual, as the stock typically falls post-earnings. However, gains were short-lived, with a 4.57% drop the next day. Lee attributes the initial surge to funding issues and a low PE ratio. Some analysts remain skeptical due to supply constraints and political risks.

AWS plans to add 2 million Nvidia GPUs by 2028, expanding its AI computing capacity. This follows an earlier commitment of over 1 million chips. New Vera-based CPUs and networking upgrades aim to enhance AI workloads, with performance improvements of up to 3.7x. 100,000 chips are reserved for government use. Both companies cite rising demand for AI computing.

Nvidia (NVDA) reported doubled quarterly revenue and a 7% share price increase. It reportedly agreed to acquire Hugging Face for $13B, a platform for open-weight AI models, despite prior resistance. The deal may help Nvidia counter competitors like OpenAI and Google, though it raises concerns about centralization in AI.

Cathie Wood's ARK Invest sold $74.5M in AMD shares, buying Nvidia (NVDA) and Broadcom (AVGO). Nvidia's Q2 earnings beat estimates, with strong guidance. Broadcom's purchase comes ahead of its earnings report. ARKK ETF has underperformed the S&P 500.

Nvidia's latest 13F filing shows a $63.4B US stock portfolio, with Intel and SpaceX making up 80% of the value. The portfolio's value tripled in three months, despite no changes in positions. Nvidia's investments are primarily in companies within its supply chain, including suppliers and customers, according to the filing.