NVIDIA (NASDAQ:NVDA) sits at the center of an AI boom: product launches (Vera CPU, Vera Rubin, Kyber) and wins in large-scale training lifted shares, while China chip access reports and cloud rivals, plus high-profile shorts and rollout risks, inject volatility despite attractive valuation.

Previous Week Recap

  • NVIDIA China Limited Sales Hint: NVIDIA shares rose ~3.6% after reports China may let top AI firms buy limited NVIDIA H200 chips; NVIDIA’s guidance doesn’t include China sales and no official confirmation was issued.
  • Burry Bets Against NVIDIA: Investor Michael Burry opened a direct short in NVIDIA (NVDA) at $198.09 on June 30, 2026, and initiated additional NVDA short positions while boosting bearish options exposure into March 2027.
  • NVIDIA Unveils Vera CPU: NVIDIA unveiled the Vera CPU at GTC: a high‑core processor aimed at servers to complement NVIDIA GPUs and networking, targeting broader enterprise and cloud compute beyond accelerator workloads.
  • Goldman Sachs: NVIDIA Earnings Driver: Goldman Sachs says NVIDIA is a top driver of upcoming S&P 500 earnings growth, cited for its AI-related infrastructure revenue outlook and major contribution to quarterly estimates.
  • Big Cloud Build Custom AI Chips: Major cloud clients—Microsoft, Alphabet, Amazon, Meta—are building custom AI chips to cut infrastructure costs, a long-term risk to NVIDIA’s pricing power and margins; NVDA fell ~1.3% premarket.
  • NVIDIA Kyber And Vera On Track: NVIDIA denied reports of delays to its Kyber rack-scale AI and NVL576/Vera Rubin Ultra systems, saying both remain on track for launch in H2 2027; Kyber supports 144 GPUs per rack.
  • Nemotron 3 Ultra Tests Boost NVDA: NVDA shares rose ~4% after tests showed open-source Nemotron 3 Ultra matched top closed models on task completion and throughput while cutting inference cost per run versus some rivals.
  • Grok 4.5 Trains On NVIDIA GPUs: SpaceX's Grok 4.5 AI model was trained across tens of thousands of NVIDIA GB300 GPUs, confirming large-scale deployment of NVIDIA hardware in the development of that model.
  • Vera Rubin Chip Growth Outlook: NVIDIA highlights Vera Rubin chip as future growth driver; analysts expect a slower roll-out than some investors, and options pricing shows elevated implied volatility tied to rollout risks.
  • NVDA Forward P/E Near Decade Low: NVIDIA (NVDA) trades at a forward P/E near 19 — its cheapest in over a decade — while earnings growth remains a key driver for its AI business.

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