UEC Soared 2,500 Percent--Could This Uranium Junior Be Next?

Five years ago, UEC was a tiny uranium stock. Now, it's a $3.11 billion powerhouse. This small uranium junior is sitting on prime assets and could be next.

What's Going On With Nvidia Stock On Tuesday?

Anusuya Lahiri
August 20, 2024

On Tuesday, Nvidia Corp (NASDAQ:NVDA) stock traded lower as investors resorted to profit booking. The stock gained 193% in the last 12 months, backed by the artificial intelligence frenzy.

Analysts, including Wedbush Securities analyst Matt Bryson and Oppenheimer analyst Rick Schafer, hailed Nvidia as the critical AI play.

Apart from AI, Nvidia continues to target gaming technology by introducing its first digital human technology small language model, Nemotron-4 4B Instruct.

Also Read: Taiwan Semiconductor Expands to Europe with $11B Chip Plant in Germany: Report

The innovation will likely transform the gameplay experience by enhancing character interactions in the new multiplayer mech game Mecha BREAK, developed by Amazing Seasun Games, a subsidiary of Kingsoft Cloud Holdings (NASDAQ:KC).

The technology is optimized for GeForce RTX AI PCs and laptops, making it easier for developers to deploy advanced digital human technology in next-generation games like Mecha BREAK.

Nvidia has also unveiled a generative AI weather model that promises to revolutionize short-range weather forecasting. The new model, StormCast, marks a significant leap forward in predicting extreme weather events, such as flash floods and tornado outbreaks, with greater accuracy down to the kilometer scale, Axios reports.

Nvidia’s StormCast can operate at the mesoscale level, which allows it to resolve small-scale weather systems and incorporate complex atmospheric physics, such as how thunderstorms form, intensify, and dissipate.

Analyst Rating: Oppenheimer analyst Rick Schafer reiterated an Outperform rating on Nvidia with a price target of $150.

Nvidia trades at 29x calendar year 2026 versus the five-year average of 36x. Schafer flagged the company’s best-in-group gross and operating margin profile.

Nvidia remains the purest scale play on AI proliferation. Schafer said Data Center AI leads sustained structural growth as accelerator attach increases.

He noted that Nvidia’s entrenched DC AI ecosystem is core to GenAI adoption. Schafer remains a long-term buyer.

Schafer expects an upside for second-quarter results and third-quarter outlook, led by sustained cloud service providers (CSPs) and enterprise AI demand.

The lead times have normalized despite the tight supply, which is gated by advanced packaging capacity. The B100 is on track for a low-volume fourth-quarter market introduction with a meaningful ramp in the first quarter as Chip-On-Wafer-On-Substrate-L (CoWoS-L) supply improves.

The analyst expects Hopper to fill demand in the interim. Blackwell Ultra is anticipated by late fiscal 2025, Ruben+Vera due fiscal 2026, and Ruben Ultra by fiscal 2027.

The move to rack-scale leveraged Nvidia’s unique end-to-end software connectivity accelerator platform. The analyst noted that GB200 NVL36 and GB200 NVL72 racks further separate Nvidia from the competition.

Schafer projects second-quarter net sales and EPS of $28.04 billion and $0.62.

Price Action: NVDA stock traded lower by 1.50% to $128.08 at the last check Tuesday.

Also Read:

  • Nvidia Hedge Fund Ownership Shifts, Citadel Cuts Stake While Renaissance Buys In: Report

Image via Nvidia Blog

Continue Reading...

Popular

Hong Kong's richest man, Li Ka-shing, is in hot water over his company's Panama Ports deal

HONG KONG (AP) — Hong Kong tycoon Li Ka-shing’s business empire is in the after CK Hutchison Holdings chose to sell its Panama Canal to a consortium that includes U.S. investment firm BlackRock Inc., apparently angering Beijing.

Warren Buffett Bets $40 Billion--You Can Get In for $20 - Ad

I called the AI boom early--before ChatGPT. While others lost big, my readers saw gains up to 502%. Now I've found a new under-$20 stock I'm calling The Last Retirement Stock You'll Ever Need. Buffett owns $40B in this sector.

Trump Yanks Security Clearances From Biden, Harris, Clinton, and Other Foes

President Trump has rescinded security clearances and access to classified information from a list of high-profile individuals.

Johnson & Johnson's Golden Cross: Technical Momentum Meets Groundbreaking Lung Cancer Breakthrough

JNJ stock hits Golden Cross, signaling potential long-term upside. Latest breakthrough in lung cancer treatment could provide additional catalyst.

Gold Prices Are Skyrocketing - Is This the Moment? - Ad

With analysts forecasting gold at $4,000 per ounce, a new exploration company may be perfectly positioned.

US envoy visits Moscow for ceasefire talks that a Russian official says would help Ukraine

An envoy of U.S. President Donald Trump arrived in Moscow on Thursday for talks on an American-proposed that Ukraine has accepted but which a senior Russian official said would help Kyiv by giving its a break, three years after .

Elon Musk Warns Pentagon Leakers Following Exposé on Alleged Secret China War Briefing: 'They Will Be Found'

Elon Musk has issued a public threat to Pentagon employees suspected of leaking information about an alleged briefing on sensitive materials involving a potential U.S. war with China.

A Uranium Boom Is Coming--Are You Positioned? - Ad

The last uranium cycle created massive winners. This new bull market is just beginning, and one tiny uranium stock could be a major beneficiary.

3 ETFs With Super Micro Computers Exposure, Enjoy AI Surge

Super Micro (NASDAQ: SMCI) is a top player in AI infrastructure with growing demand and potential for investors. ETFs like SMH, BOTZ and IGV can benefit from its growth.

Cargo ship that collided with US tanker in North Sea towed to Scottish port of Aberdeen

LONDON (AP) — A badly damaged cargo ship which collided with a U.S. tanker in the North Sea earlier this month arrived in the Scottish port of Aberdeen Friday, following a fire that lasted for nearly a week.

DOGE Could Send 6 AI Stocks Through the Roof - Ad

Expect an announcement from Elon any day now ...Thousands of government jobs could be replaced ...By a new form of AI. This one move could save American taxpayers billions of dollars. And we believe six specific stocks could soar as a result.

Close calls at Washington DC airport raise questions about why changes weren't made before crash

While Congress pushed ahead last year with adding 10 new daily flights to Washington, D.C.’s Reagan National Airport, many looked past concerns about dangers in the congested skies over the nation's capital.

Trump's Exec Order #14154 Could Be a "Millionaire-Maker" - Ad

Trump's next move could cement his legacy--and trigger a historic wealth boom. Ex-presidential advisor Jim Rickards reveals how it could hand millions a shot at true financial freedom. Watch the urgent interview while it's still free.

Canada's Couche-Tard's chief stresses 'friendly' interest in Japan's 7-Eleven chain

TOKYO (AP) — Canada’s Alimentation Couche-Tard reaffirmed Thursday that it is determined to acquire Seven & i Holdings, although the operator of Japan’s top convenience store chain has .

Brace Yourself for Jeff Bezos' "Amazon Helios" - Ad

Amazon delivers 20 million packages a day... powers some of the most popular websites... delivers medication to half of the U.S. population... and even produces award-winning films and TV shows. But a Wall Street legend -- twice featured on 60 Minutes -- predicts that "Amazon Helios" will be bigger than all of those... COMBINED.

Cathie Wood's Ark Invest Continues To Offload UiPath, Roblox: Loads Up On GitLab, Ibotta

Ark Invest's Cathie Wood-led funds made significant trades involving GitLab, Intellia, Prime Medicine, UiPath, Ibotta, Roblox, Repare Therapeutics, and CareDx.

23andMe has filed for bankruptcy. What does this mean for your DNA data privacy?

The genetic testing company , prompting people who’ve used the service and sent in DNA samples to be analyzed to wonder what will happen to their genetic data.

Tiny AI Firm Could Outperform NVIDIA - Ad

This could be the single-biggest investment opportunity of the AI era. As AI's rapid expansion pushes energy needs to levels comparable with entire nations... A small company's innovative technology stands ready to tackle this challenge and satisfy the escalating power requirements of AI. Remarkably, its stock is currently available for just a few dollars.

Nvidia CEO Jensen Huang discusses AI's future at GTC 2025

Nvidia founder Jensen Huang kicked off the company's artificial intelligence developer conference on Tuesday by telling a crowd of thousands that AI is going through “an inflection point.”

"Trump Will Be Furious We're Leaking This..." - Ad

Bombshell new accusation from Trump insider. Economic advisor, personal friend, and campaign insider breaks silence on the financial crisis he believes is being engineered by the Trump administration.

A 10% drop for stocks is scary, but isn't that rare

NEW YORK (AP) — The U.S. stock market has just dropped 10% from its high set last month, hurt by worries about the economy and a global trade war.

Elon Musk's Memphis Secret... Revealed - Ad

What's happening inside this nondescript building in South Memphis is so incredible... That Elon's competitors have been flying drones over this place... Trying to get any kind of intel on his project. Tech legend Jeff Brown went there to investigate and what he found is truly a matter of national security.

Google In Advanced Talks To Buy Cybersecurity Startup Wiz For $30 Billion — Largest Deal Ever Amid Antitrust Uncertainty: Report

Google is reportedly in advanced talks to acquire cybersecurity startup Wiz for $30 billion, marking its largest-ever deal and a major bet on cloud security amid ongoing antitrust scrutiny.

Trump to Trigger 3rd Financial Reset - Ad

Markets are falling, prices are rising, and trust is breaking. But a man who has known Trump for years and served as his advisor believes it's not failure--it's a plan. A secret financial reset, decades in the making, is already unfolding...The question is: will you be blindsided--or benefit?

What's Going On With SoundHound AI Stock Friday?

SoundHound shares are moving higher on Friday after the company announced it will participate in the 2025 Nvidia GPU Technology Conference.

Tesla Bull Pierre Ferragu Predicts $113 Combined Market Cap Of Elon Musk's AI Startup xAI And X Will Look 'Tiny' In Few Years: 'So Much Potential'

Analyst and Grok investor Pierre Ferragu predicts Elon Musk's $113 billion merger of xAI and X will soon appear modest, citing massive growth potential in the combined AI and social media venture.

Forget M.A.G.A. -- Get Ready for M.A.W.A. - Ad

Trump's new mission: Make America Wealthy Again. And according to ex-CIA advisor Jim Rickards, the U.S. is sitting on a $150 trillion fortune--enough to make every family millionaires. Discover how this hidden wealth could soon change everything.

Some La Roche-Posay, Proactiv and Walgreens acne treatments recalled due to benzene levels

WASHINGTON (AP) — U.S. health officials are asking retailers to pull a small number of acne creams from their store shelves after government testing found they contain slightly elevated levels of a

New "Trump" Currency Proposed in DC - Ad

A new Executive Order could unlock a $150 trillion hidden asset--and spark a historic boom in one overlooked corner of the market. Jim Rickards reveals the full story--before it hits front-page news. Watch now before it's too late!

Benzinga Bulls And Bears: Chevron, Microsoft, Nike — And Tariffs Have Automotive Sector Reeling

Benzinga examined the prospects for many investors' favorite stocks over the last week — here's a look at some of our top stories.

At least 8 people are killed when a passenger train slams into a minibus in Egypt

CAIRO (AP) — A train slammed into a minibus that was crossing the tracks in an unauthorized location in norther on Thursday, killing at least eight people and leaving 12 injured, the government said.

Microsoft, Amazon, and OpenAI Pour Billions Into Breakthrough Tech - Ad

We're heading into the biggest energy crisis we've ever faced. The computational power needed for AI models is DOUBLING every six months...That's why tech companies are investing BILLIONS into an AI "Master Key" technology that's crucial for the advancement of AI...And there's one pioneering company at the forefront of its development.

Why Elon Musk May Regret Ignoring Warren Buffett's Political Strategy

The political activities of Elon Musk, the CEO of Tesla Inc. (NASDAQ: TSLA) and SpaceX, have led to a significant backlash, causing a decline in Tesla's sales and triggering protests against the company.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright finstrategist.com
Privacy Policy | Terms of Service