Although NVIDIA (Nvidia Corp.) financial reports failed to meet investors' high expectations, they confirmed that AI construction-related expenditures were still strong, and the news came to drive the US semiconductor stock market to decline on the 28th.
According to reports from Seeking Alpha and Investing.com, Morgan Stanley (commonly known as Morgan Stanley) analyst Joseph Moore published a research report pointing out that NVIDIA predicts that the quarter (August-October) revenue is expected to increase by as much as $7 billion in quarter-on-quarter, the highest record in the history of US companies, and it is still not covered by the Chinese market.Moore pointed out that this is only one season, and based on the NVIDIA management's statement in phone meetings and the information obtained from the actual survey of supply chains, it can be confirmed that the shipment volume will not be able to catch up with demand. He said that the continued strong demand for Hopper series GPUs is a proof that because computing power is insufficient to meet demand, customers can only continue to purchase Hopper products from three years ago to fill in some of the demand.
Morgan Stanley decided to upgrade the NVIDIA target price from US$206 to US$210, and maintain investment evaluation at "plus".
Most AI semiconductor stocks are in decline. Micron Technology, Marvell Technology, Inc. and Broadcom Inc. competed 3.61%, 3.26% and 2.78% respectively.
NVIDIA's second quarter (May-July) financial report and financial test of the 2026 quarter (May-July) announced by NVIDIA after the 27th. Although the expectations of Huaer Street were deficient in its AI chip demand, the data center-related revenue failed to meet the market's high expectations. In addition, China's related businesses continued to suspend, the stock price fell by 2.86% at one time, but the decline soon closed, and finally fell by only a slight 0.79% and closed at $180.17. Cylinder OEM ADR also fell slightly by 0.43% and closed at US$238.27.
Extended reading: Huang Rensheng: All products are sold out, AI is amazing. The growth of new native developers is amazing. The total contributions of the two mysterious customers were collected by 39%, and the market focused on the excessive concentration of NVIDIA customers. NVIDIA Season 2 is expected! Data center failed to meet the mark in two quarters, and the AI bubble suspected of causing a decline after triggering a market share