NVDA: Nvidia Keeps AI Growth Story Alive as Broadcom Looms

Sep 3 - Nvidia NVDA found some footing this week after a choppy stretch following earnings. Shares edged higher on Wednesday, suggesting the recent pullback may be slowing. Investors had worried about weakness in China sales, but the company left its outlook intact, giving the market room to breathe.

The core of Nvidia's long-term case remains strong. Data center demand continues to grow, and its product roadmap stays on track. Wall Street analysts called the quarter solid, with many pointing to resilience in AI infrastructure spending. New rack-scale AI systems are rolling out, and major cloud providers are lining up orders that extend visibility across multiple quarters.

China remains an uncertainty since guidance excluded H20 chip shipments, but demand from the U.S. and Europe is helping offset that risk. Networking revenue will be a key signal for whether full-rack deployments remain on pace.

Peers also saw momentum. Advanced Micro Devices AMD moved higher alongside Nvidia as investors leaned back into AI hardware. Broadcom AVGO, set to report this week, will provide a fresh look at AI server demand. Analysts expect its outlook to shape sentiment across the sector.

Overall, Nvidia's steadier tape keeps focus on execution and delivery rather than short-term swings.