Overview
- Nvidia’s market value hovers near $4.4–$4.5 trillion as banks reiterate bullish views, with Cantor lifting its target and Morgan Stanley and Mizuho maintaining positive ratings.
- Mizuho estimates Nvidia holds more than 95% share in AI training and inference chips, and Morgan Stanley says the AMD–OpenAI tie-up does not alter Nvidia’s full‑stack advantage.
- Bloomberg reporting says Elon Musk’s xAI is pursuing a $20 billion lease‑to‑own deal for Nvidia chips via a Valor SPV using $7.5 billion in equity and $12.5 billion in debt, with Nvidia contributing $2 billion in equity to the vehicle.
- Nvidia continues to face policy headwinds, including a disclosed $5.5 billion charge tied to H20 inventory and U.S. export limits on advanced chips to China.
- Professional investors are reallocating away from the most crowded AI megacaps toward next‑in‑line beneficiaries, echoing dotcom‑era tactics as economists such as Jared Bernstein caution about bubble‑style wealth risks.