Tech Analyst Dan Ives Sees Nvidia (NVDA) Dip as Buying Opportuni

CoreWeave's stock rose 5.9% to $69.69 after a co-founder mentioned fundraising efforts. Its 5-year debt default risk surged to 1,194.5 basis points, with a 60% default probability in 5 years, per Bloomberg. Global AI infrastructure spending concerns weighed on semiconductor stocks, with the PHLX Semiconductor Index down 9% this week.

Nvidia launched RTX Spark laptops on Friday, designed to run AI agents locally. These laptops use a superchip combining a Blackwell RTX graphics chip and a Grace processor, offering up to 128GB of memory and 1 petaflop of AI performance. Nvidia also released Nemotron 3.5 Bolt, a 74B-parameter AI model, and partnered with Adobe, Microsoft, and MediaTek. Prices start at $2,599, with models from ASUS, Dell, HP, Lenovo, Microsoft, and MSI.

Germany plans to announce an AI partnership with Nvidia next week, according to Handelsblatt. The deal, to be presented by Chancellor Friedrich Merz and Nvidia CEO Jensen Huang, involves hundreds of millions of euros for AI cloud computing and engineering support. Participating companies include Siemens, Audi, and Black Forest Labs. The goal is to advance industrial AI, such as robotics and self-driving cars, with funding possibly from a research fund.

Taiwan plans a $4B Texas industrial park to support AI hardware production, aiding Nvidia's supply chain. The project aims to help Taiwanese vendors like TSM and Foxconn establish U.S. operations. Quanta and Wistron have also announced U.S. investments. Taiwan's economy minister noted $20B in planned U.S. investments, separate from TSMC's $265B Arizona expansion.

Nvidia launched the RTX Spark laptop and DevBox mini desktop globally, developed with Microsoft. The devices run AI models locally, enhancing privacy and performance. They support multitasking across software like Photoshop and Gmail, and include features for creators and developers. Pricing starts at $2,599. Nvidia aims to accelerate the agent AI era, with the products available through major retailers.

NVIDIA's RTX Spark laptops, priced at $2,599, are now available globally from six major PC makers. The laptops feature NVIDIA's Grace CPU and Blackwell RTX superchip, challenging Intel and AMD in the processor market. This expansion into mainstream Windows laptops could open a new recurring revenue stream for NVIDIA, complementing its data center GPU sales.