Nvidia is set to release its Q3 earnings report on November 20, drawing significant attention from investors amidst concerns over overheating issues with its AI chips.
The problem, which arises when the chips are integrated into servers, has sparked speculation about its potential impact on the company’s stock performance.
Despite the uncertainty, former hedge fund manager Jim Cramer remains optimistic about Nvidia’s prospects. He views the recent developments as a possible buying opportunity for long-term investors. Cramer downplayed the overheating concerns, suggesting they may not substantially affect Nvidia’s growth trajectory.
Cramer also highlighted Nvidia’s strong position in the market and its appeal under President-elect Donald Trump’s administration, suggesting the firm aligns with Trump’s preference for “winners.” He believes Nvidia’s continued success, combined with Trump’s admiration for prominent companies like Elon Musk’s Tesla, strengthens its position.
Currently, Nvidia’s stock sits at $140, with analysts projecting a price target of $164 in the short term. Some predictions even suggest the company could reach $200 within the next year, provided challenges are addressed effectively. The average analyst target represents a potential 17% increase from its current value. Investors now await the earnings report to gauge whether Nvidia can maintain its upward momentum.
The first week of July brings several important developments in the United States that could influence both traditional markets and the cryptocurrency sector.
Ric Edelman, one of the most influential voices in personal finance, has radically revised his stance on crypto allocation. After years of cautious optimism, he now believes that digital assets deserve a far larger share in investment portfolios than ever before.
In the case involving Terraform Labs and its co-founder Do Hyeong Kwon, the defense has asked the Federal Court for the Southern District of New York to extend the deadline for pretrial filings by two weeks, pushing it beyond the original date of July 1, 2025.
Coinbase has emerged as the best-performing stock in the S&P 500 for June, climbing 43% amid a surge of bullish momentum driven by regulatory clarity, product innovation, and deeper institutional interest in crypto.