China AI Models 'World Class': Nvidia CEO, Could France Axe Two Holidays?
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Business Insider
44 minutes ago
- Business Insider
‘Don't Pull the Trigger Just Yet,' Says Top Investor About Nvidia Stock
Nvidia (NASDAQ:NVDA) stock has been on a wild ride over the past few months – after hitting a 52-week low during the early April Liberation Day slump, it has since bounced back ~83%. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Much of that rebound was driven by renewed investor optimism around AI demand, and the past week brought even more fuel to the fire. The Trump administration assured Nvidia that it would be allowed to export its advanced AI chips to China – a major relief, given that the company had taken a $4.5 billion revenue hit in Fiscal Q1 2026 due to those export restrictions. With this regulatory overhang lifted, some investors might assume Nvidia is back on an unstoppable path. But not everyone is convinced that now is the time to pile in. Top investor Brett Ashcroft Green urges caution, arguing that the recent rally may have already run too far, too fast. 'As enthusiastic as I am, the run has just been too far too fast, and I am downgrading NVDA,' explains Green, who ranks among the top 4% of TipRanks' stock pros. The investor doesn't question Nvidia's fundamental strength. In fact, he believes the long-term growth story remains intact, especially with a potential catalyst on the horizon: sovereign AI. These country-specific systems, tailored to local regulations, have been championed by CEO Jensen Huang for years. The recent U.S. government adoption of AI tools like Elon Musk's Grok may be just the beginning of a broader global push. If sovereign AI gains traction, demand for Nvidia's chips could scale even faster than current forecasts suggest. However, Green tempers expectations by pointing out supply constraints. Nvidia likely won't be able to manufacture chips fast enough to meet soaring global demand, which naturally limits its growth trajectory. What's more concerning to Green, as noted, is how much more expensive the stock has become from a valuation perspective. In April, Nvidia had the third-lowest Forward Price-to-Earnings (P/E) ratio among the Magnificent 7 at 21.31x. It now holds the second-highest at 39.75x. 'If you own it, hold it and enjoy the ride, if not, I'd personally wait for better prices as the market basks in giddiness,' Green concludes, rating NVDA shares a Hold (i.e., Neutral). (To watch Green's track record, click here) Wall Street, meanwhile, maintains a bullish stance. NVDA holds a Strong Buy consensus, backed by 34 Buy ratings versus just 3 Holds and a single Sell. However, the average price target of $182.06 implies only ~6% upside from current levels, suggesting that while sentiment remains positive, much of the expected growth may already be priced in. It will be interesting to see whether analysts revise their targets upward in the coming weeks. (See NVDA stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Yahoo
an hour ago
- Yahoo
Jensen Huang, AI visionary in a leather jacket
Unknown to the general public just three years ago, Jensen Huang is now one of the most powerful entrepreneurs in the world as head of chip giant Nvidia. The unassuming 62-year-old draws stadium crowds of more than 10,000 people as his company's products push the boundaries of artificial intelligence. Chips designed by Nvidia, known as graphics cards or GPUs (Graphics Processing Units), are essential in developing the generative artificial intelligence powering technology like ChatGPT. Big tech's insatiable appetite for Nvidia's GPUs, which sell for tens of thousands of dollars each, has catapulted the California chipmaker beyond $4 trillion in market valuation, the first company ever to surpass that mark. Nvidia's meteoric rise has boosted Huang's personal fortune to $150 billion -- making him one of the world's richest people -- thanks to the roughly 3.5 percent stake he holds in the company he founded three decades ago with two friends in a Silicon Valley diner. In a clear demonstration of his clout, he recently convinced President Donald Trump to lift restrictions on certain GPU exports to China, despite the fact that China is locked in a battle with the United States for AI supremacy. "That was brilliantly done," said Jeffrey Sonnenfeld, a governance professor at Yale University. Huang was able to explain to Trump that "having the world using a US tech platform as the core protocol is definitely in the interest of this country" and won't help the Chinese military, Sonnenfeld said. - Early life - Born in Taipei in 1963, Jensen Huang (originally named Jen-Hsun) embodies the American success story. At nine years old, he was sent away with his brother to boarding school in small-town Kentucky. His uncle recommended the school to his Taiwanese parents believing it to be a prestigious institution, when it was actually a school for troubled youth. Too young to be a student, Huang boarded there but attended a nearby public school alongside the children of tobacco farmers. With his poor English, he was bullied and forced to clean toilets -- a two-year ordeal that transformed him. "We worked really hard, we studied really hard, and the kids were really tough," he recounted in an interview with US broadcaster NPR. But "the ending of the story is I loved the time I was there," Huang said. - Leather jacket and tattoo - Brought home by his parents, who had by then settled in the northwestern US state of Oregon, he graduated from university at just 20 and joined AMD, then LSI Logic, to design chips -- his passion. But he wanted to go further and founded Nvidia in 1993 to "solve problems that normal computers can't," using semiconductors powerful enough to handle 3D graphics, as he explained on the "No Priors" podcast. Nvidia created the first GPU in 1999, riding the intersection of video games, data centers, cloud computing, and now, generative AI. Always dressed in a black T-shirt and leather jacket, Huang sports a Nvidia logo tattoo and has a taste for sports cars. But it's his relentless optimism, low-key personality and lack of political alignment that sets him apart from the likes of Elon Musk and Mark Zuckerberg. Unlike them, Huang was notably absent from Trump's inauguration ceremony. "He backpedals his own aura and has the star be the technology rather than himself," observed Sonnenfeld, who believes Huang may be "the most respected of all today's tech titans." One former high-ranking Nvidia employee described him to AFP as "the most driven person" he'd ever met. - Street food - On visits to his native Taiwan, Huang is treated like a megastar, with fans crowding him for autographs and selfies as journalists follow him to the barber shop and his favorite night market. "He has created the phenomena because of his personal charm," noted Wayne Lin of Witology Market Trend Research Institute. "A person like him must be very busy and his schedule should be full every day meeting big bosses. But he remembers to eat street food when he comes to Taiwan," he said, calling Huang "unusually friendly." Nvidia is a tight ship and takes great care to project a drama-free image of Huang. But the former high-ranking employee painted a more nuanced picture, describing a "very paradoxical" individual who is fiercely protective of his employees but also capable, within Nvidia's executive circle, of "ripping people to shreds" over major mistakes or poor choices. tu-amj/arp/ksb/acb 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
Wall Street Journal
an hour ago
- Wall Street Journal
How China Built a Global Port Network
When a Hong Kong conglomerate set plans this year to sell its global network of shipping ports to an American-led investment group, two facilities in Panama got most of the attention. But the real action is in Europe, where Chinese business interests have spent decades accumulating port holdings. Hong Kong-based CK Hutchison agreed in March to sell more than 40 ports in 23 nations to an investor group led by American financial firm BlackRock, and the parties had aimed to reach a definitive agreement on the $23 billion deal at month-end. Now, Beijing is trying to muscle into the deal and carve out a stake for its giant shipping group Cosco, The Wall Street Journal reported Thursday.
