Nvidia heads for 5-day win streak as it hits record highs
Nvidia stock rose for a fifth consecutive day Friday as the chipmaker hovered near fresh highs and investors shook off China concerns.
The rise in shares has helped the artificial intelligence chipmaking giant regain its seat as the most valuable company.
The stock is up 66% since hitting its 52-week low in early April. Its market capitalization last stood at about $3.8 trillion, putting it ahead of Microsoft and Apple.
Wedbush Securities analyst Dan Ives estimated that both Nvidia and Microsoft will hit the $4 trillion market cap club this summer, and reach $5 trillion over the next 18 months.Nvidia had a rough start to 2025 as fears of tariffs and China export controls on semiconductors dampened sentiment. Earlier this year, the Trump administration told Nvidia that it would need an export license to ship its H20 processors to China. The chip was introduced following rules introduced by the Biden administration.
CEO Jensen Huang raised concerns about getting locked out of the massive $50 billion China market and said the changes effectively cut off sales without a "grace period." He said Nvidia's recent quarterly results would have been better if the company could sell chips in the world's second-largest economy.
Nvidia held its annual shareholder meeting on Wednesday, where Huang called robotics the biggest opportunity for the chipmaker after AI. The company's business unit, which includes automotive and robotics segments, reached $567 million in sales, or about 1% of revenues last quarter.
"We're working towards a day where there will be billions of robots, hundreds of millions of autonomous vehicles, and hundreds of thousands of robotic factories that can be powered by Nvidia technology," he said.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hill
24 minutes ago
- The Hill
Judge won't block DOGE access to sensitive government data
A federal judge ruled Friday that the Department of Government Efficiency (DOGE) can continue to access sensitive data on millions of Americans at certain agencies, handing at least a temporary defeat to the labor unions that have sued to block the practice. Judge John D. Bates of the U.S. District Court in D.C. declined to grant the plaintiffs a preliminary injunction against the Department of Labor and the Department of Health and Human Services, pending further proceedings in the case. The AFL-CIO and other unions filed a lawsuit seeking to prevent DOGE employees from accessing information such as medical files, financial histories, social security numbers, and addresses. In his ruling, Bates said that the plaintiffs had not demonstrated sufficient evidence of harm to merit an injunction, although he remained concerned about the prospect of DOGE's access. 'Absent evidence those personnel will imminently misuse or publicly disclose that information, the Court cannot say that irreparable harm will clearly occur before the Court can make a final determination on the merits,' he wrote. 'And without irreparable harm, a preliminary injunction cannot issue.' Still, Bates acknowledged the sensitivity of the data access, writing that the 'DOGE Affiliates have their hands on some of the most personal information individuals entrust to the government.' '[T]he Court's concerns are as grave as ever, and it stands ready to remedy plaintiffs' harm should they ultimately succeed on the merits,' he wrote. Bates asked the parties to propose a schedule for reaching summary judgment. The ruling is yet another setback for the labor unions, who first brought their suit in February and have been twice denied temporary restraining orders. Bates himself has ruled on a number of Trump-related cases and has at times drawn ire from the president. He has ordered the administration to restore certain government websites and ruled that Trump's executive order targeting the law firm Jenner & Block was unconstitutional. A host of lawsuits over DOGE's access to private government data are slowly playing out across federal courts. A federal judge ruled last week that the government must submit a report detailing DOGE's level of access to personally identifiable information at the Office of Personnel Management in response to another lawsuit filed by the AFL-CIO. The Supreme Court earlier this month allowed DOGE to proceed in its efforts at the Social Security Administration, staying a preliminary injunction in a case brought by the American Federation of State, County, and Municipal Employees.
Yahoo
24 minutes ago
- Yahoo
A Bull Case for Apple: Is It a Sleeping Giant?
Apple's product concentration is both a risk and an opportunity. The tech company is exploring new categories with spatial computing and artificial intelligence. New product categories strengthen the flywheel effect of Apple's cohesive ecosystem of hardware, software, and services. 10 stocks we like better than Apple › Apple (NASDAQ: AAPL) has underwhelmed investors this year. As of this writing, shares are down about 19% year to date. That compares with a gain of about 4% for the S&P 500 during the same time frame. The stock's underperformance has been driven by the company's disappointing growth. Apple's revenue in the first half of the year, for instance, grew just 4.4% year over year. With the tech company's total annual revenue hovering at around the $400 million level since 2022, there are some concerns that the iPhone maker may be nearing its maximum global sales potential. But before you count Apple out, consider the following unique bull case for the stock. It might change your mind. Apple's concentrated product line is primarily viewed as a risk for the company. For example, the fact that the iPhone accounts for about half of Apple's total sales means that any weakness in the key category will weigh heavily on the overall business. Adding to Apple's concentration risk, just three product categories -- iPhone, Mac, and iPad -- account for about two-thirds of the company's total annual sales. In addition, if you include the company's wearables, home, and accessories segment, primarily consisting of sales of Apple Watch and AirPods, in an assessment of Apple's product category concentration, just five product lines represent about three-fourths of total sales. The remaining sales come from Apple's services segment, which is diversified across a range of services, has a higher profit margin, and is more predictable than hardware sales. But if you flip the script, there's another way to look at this product concentration. Apple's powerful business model and its global and loyal customer base enable it to generate about $300 billion worth of product sales annually from just four product categories. Therefore, considering how much a single product category can move the needle for the company, a single successful new product would be a likely major tailwind for the company. Indeed, this is exactly what Apple did with AirPods and Apple Watch. Thanks to the launch of these iconic and wildly popular devices, starting with the Apple Watch in 2015 and the AirPods in 2016, the company's wearables, home, and accessories segment now represents more than 9% of total sales. And, looking further back, the company did the same thing with the iPad when it was launched in 2010. Today, the iPad represents 7% of total sales. All of this to say, the company's sales growth rates could materially accelerate if Apple sees success in a new product category. Strengthening this investment thesis for Apple even more, the analysis here arguably understates the impact of new product categories on the overall business. The reason is that every new product has a flywheel effect on other areas of the business, too. For instance, when a customer buys his or her first Apple Watch or iPad, it's likely to increase overall engagement with the Apple ecosystem, leading to higher services revenue, greater loyalty, and ultimately higher lifetime customer value. Today, Apple is already venturing into new product categories that could morph into major revenue streams in the future. The most notable one is the company's foray into spatial computing with Vision Pro. Launched just last year, these new goggles mark a new era of spatial computing, Apple CEO Tim Cook said just before deliveries of the new device started. While the new product is still considered a niche item that most customers pass on, it shows that the company is willing to explore new areas that could become the next iPad, Apple Watch, or AirPods for the company. In addition, investors shouldn't rule out Vision Pro specifically as a potential future catalyst. While it's not a major driver for the company today, future iterations of the device could lead to a tipping point in customer utility. With all of this said, Apple stock's price-to-earnings ratio of about 31 already seems to price in a return to higher growth rates at some point in the future. But this thesis at least helps strengthen the case for holding shares through this lull in growth. Still, the risks are significant. For instance, it's possible Apple's sales growth rates will never return to robust high-single-digit rates. An unfortunate outcome like this could be caused by weakness in one of the company's major product categories or simply a failure to gain traction in any new categories. But even with these risks in mind, the overall risk-reward profile seems attractive enough to hold onto shares. The fact that the company has been able to grow as much as it has over the past decade with just a handful of product categories suggests that Apple will likely find another new category over the next decade to help the company return to strong growth again. Before you buy stock in Apple, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Apple wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $704,676!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $950,198!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Daniel Sparks and his clients have no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Apple. The Motley Fool has a disclosure policy. A Bull Case for Apple: Is It a Sleeping Giant? was originally published by The Motley Fool 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
Yahoo
24 minutes ago
- Yahoo
Rubrik: A strategic acquisition of Predibase
Rubrik specialises in cybersecurity, cloud backup, ransomware protection, and data management. It boasts more than $1bn in annualised revenue. With partnerships and backing from investors such as Microsoft, Rubrik is poised to transform into a comprehensive multi-product AI platform. On 25 June 2025, Rubrik announced the acquisition of Predibase, a machine learning platform that aims to simplify the process of deploying AI applications. The acquisition aims to expedite the adoption of agentic AI by providing organisations with a streamlined pathway from experimental prototypes to scalable production environments. On average, the transition from an AI prototype to full production takes approximately eight months. The collaborative effort between Predibase and Rubrik is designed to mitigate these challenges by enhancing data access security, increasing model precision, and reducing infrastructure expenses. A critical component of Predibase's technology is the LoRA eXchange project, which facilitates personalised models at scale. This open-source system enables the support of diverse users, use cases, and departments while maintaining a streamlined infrastructure. Predibase provides tools that streamline the transition from AI proof-of-concept to production, enabling enterprises to refine open-source large language models (LLMs) with proprietary data and significantly reduce inference costs. The acquisition empowers Rubrik to integrate its secure data lake and governance tools, offering customers a compliant, trusted pipeline to power generative AI agents on platforms like Amazon Bedrock, Azure OpenAI, and Google Agentspace. Rubrik's acquisition of Predibase represents a strategic advance into enterprise AI. By combining secure data infrastructure with sophisticated model tuning and deployment tools, Rubrik aims to facilitate the realisation of production-ready AI at scale while ensuring governance and cost-efficiency. This acquisition is set to operationalise AI at scale, addressing common barriers such as cost, complexity, and governance in deploying LLM-based agents into production. It will also enhance and fortify cloud ecosystems in collaboration with AWS, Azure, and Google's AI stacks. Furthermore, it will enable Rubrik to offer AI-enhanced services to its extensive enterprise customer base of more than 6,000. The deal is in line with recent mergers and acquisitions activity in the AI space. Rubrik is positioning itself among vendors that provide secure, agent-driven AI deployment at an enterprise level. In conclusion, for Rubrik, this is a move to pivot from data protection to intelligent data activation. For investors, it supports growth with profitable expansion, integration, and execution will be the near-term challenge. "Rubrik: A strategic acquisition of Predibase" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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
