NVIDIA

Super Micro Computer’s shares surged 15% after announcing higher-than-expected June quarter margins, driven by strong AI server demand. The company anticipates gross margins of 15%-17%, a significant increase from prior guidance. Record backlog and over $60 billion in new orders for fiscal year 2026 signal a robust future, with revenue projected at the lower end of $11-$12.5 billion.

Nvidia is challenging Intel and AMD in the AI server CPU market with its new “Vera” chip. Designed for AI agents, Vera offers significant performance gains by prioritizing single-core speed and memory bandwidth. This move signals Nvidia’s strategy of vertical integration, aiming to provide complete, optimized hardware solutions for AI workloads, from GPUs to CPUs. While adoption among major cloud providers is a hurdle, key AI research firms are already deploying Vera, indicating its potential to reshape the competitive landscape.

Bristol Myers Squibb is enhancing its drug discovery capabilities by acquiring NVIDIA’s DGX SuperPOD with Vera Rubin architecture. This investment provides advanced computing power for training AI models, predicting compound behavior, and accelerating therapeutic innovation. The system will democratize access to AI tools for researchers worldwide, significantly streamlining the R&D pipeline and enabling faster, more efficient evaluation of potential drug candidates.

Nebius’ stock surged 7% after Nvidia announced a 9.3% stake acquisition. This follows Nvidia’s planned $2 billion investment and a $27 billion deal with Meta, highlighting Nebius’ critical role in AI infrastructure. The company’s stock has grown nearly 250% in the past year, reaching a $46 billion market cap. Freedom Capital Markets upgraded Nebius to “buy,” citing a positive debt raise backed by GPU infrastructure.

Jim Cramer advises investors to diversify away from heavily concentrated AI stocks due to market volatility. While acknowledging AI’s transformative potential, he suggests focusing on stable companies in other sectors like finance, industrials, and logistics. Cramer remains bullish on foundational AI enablers like Nvidia and Intel, but recommends waiting for a broader tech market correction before significant new allocations.

AMD is launching its “Helios” rack-scale AI system to challenge Nvidia’s dominance in the AI hardware market. Major clients, including Microsoft, Meta, OpenAI, and Oracle, have committed to deploying Helios, drawn by its integrated approach and focus on cost-efficiency per token. Analysts estimate Helios’s competitive pricing and believe AMD could capture a significant market share. This launch marks a critical step in AMD’s decade-long strategic resurgence, leveraging its integrated hardware and software capabilities, and acquisitions to offer a compelling alternative in the rapidly expanding AI compute landscape.

Apple briefly surpassed Nvidia as the world’s most valuable company on Friday. Apple’s market capitalization reached approximately $4.88 trillion, while Nvidia’s dipped to $4.84 trillion. Apple has seen a 22% year-to-date surge, driven by AI adoption and a strong product pipeline. Nvidia’s gains have been more modest at 7%, with market focus shifting to memory chips and infrastructure. Nvidia had held the top spot since June 2025.

Concerns over AI spending triggered a tech sector pullback, impacting chipmakers and briefly seeing Apple regain market cap leadership from Nvidia. Apple’s resurgence follows an HSBC upgrade, citing its new AI platform and strategic partnerships as drivers for an upgrade cycle without massive capital expenditure. Investors are also watching Intel’s earnings, with a bullish outlook despite recent stock declines.

Nvidia is expanding into Japan’s physical AI market with its new “world model,” Cosmos 3 Edge, designed for robots and vision AI agents. This move, part of CEO Jensen Huang’s visit, includes forming a coalition with major Japanese industrial players like Fujitsu, Hitachi, and Kawasaki Heavy Industries to drive innovation in intelligent industries. Nvidia is also focusing on healthcare and biotech, aiding drug discovery and medical robotics development.

Nokia launched its AI-RAN platform, an “AI-native” radio access network solution developed with NVIDIA. It promises significant spectral efficiency gains, potentially doubling operator capacity without new infrastructure. Offered as a software subscription, it signals a strategic shift from hardware to software development. While a competitor, Ericsson, already offers an AI-in-RAN solution, Nokia’s GPU-accelerated approach and partnership with NVIDIA aim for a leading market position.