Nvidia (NVDA) has been dominating the AI hardware conversation for months. Their revenue jumped roughly 73% year-over-year to $68.1 billion in the latest fiscal year, fueled by GPUs for AI data centers. Traders have been chasing this momentum, with small dips often triggering aggressive buying.
The landscape is starting to shift slightly. Meta unveiled four custom AI chips over the weekend, signaling that even the biggest AI players are looking to reduce dependence on Nvidia. That doesn’t topple Nvidia, but it highlights that competition is creeping in. For traders, NVDA remains highly volatile, moving on order flow, new contracts, or any AI news. The key question now is whether momentum can hold if big tech starts building more in-house hardware.
Do you trade NVDA based on news and momentum, or do fundamentals still guide your positions?
NFA.