On July 10, NVIDIA rose 3.03% in regular trading, trading at $209.265/share, with turnover of $12.262 billion. The stock's market capitalization reclaimed the $5 trillion mark during the session.
On the news front, Wedbush Securities issued a report highlighting NVIDIA's upcoming Vera data center CPU as a significant new growth catalyst. The firm stated Vera's high core count delivers performance superior to traditional x86 server chips dominated by Intel and AMD, substantially expanding NVIDIA's total addressable market. Wedbush noted Vera represents a key step in NVIDIA's hardware expansion, forming a complete product matrix spanning compute, networking, and general-purpose CPUs that reinforces the company's long-term growth thesis.
Separately, Bank of America argued the market is mispricing NVIDIA, with its forward PE at a seven-year low of 18x — below the S&P 500's 20x — implying an unreasonable 30-35% discount to future EPS. TD Cowen also reiterated that NVIDIA's technology stack applications far exceed current market recognition. Additionally, Samsung Electronics chairman Lee Jae-yong is planning to meet CEO Jensen Huang later this month to discuss deeper AI collaboration.
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