--- title: "What Is Going on With NVIDIA Stock on Tuesday?" type: "News" locale: "en" url: "https://longbridge.com/en/news/292662704.md" description: "NVIDIA stock rose nearly 3% on Tuesday, driven by a resurgence in tech buying and KeyBanc raising its price target to $330. Analyst John Vinh maintained an Overweight rating, citing strong AI data center demand despite minor ramp delays. Hedge funds increased semiconductor exposure, and technical indicators suggest a constructive trend. Upcoming earnings estimates show significant year-over-year growth." datetime: "2026-07-14T17:58:18.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/292662704.md) - [en](https://longbridge.com/en/news/292662704.md) - [zh-HK](https://longbridge.com/zh-HK/news/292662704.md) --- # What Is Going on With NVIDIA Stock on Tuesday? **NVIDIA Corp** (NASDAQ:NVDA) stock gained almost 3% on Tuesday as traders returned to mega-cap AI exposure, and the stock benefited from fresh analyst coverage that kept upside forecasts in focus. The move is coming alongside a +1.10% gain in the Technology sector and a +0.16% lift in the S&P 500, pointing to a risk-on tape rather than a stock-specific shock. Nvidia remains well-positioned for AI data center growth, according to **KeyBanc** analyst John Vinh, who raised his price forecast despite some near-term ramp delays. ## KeyBanc Raises Nvidia Forecast Vinh maintained an Overweight rating on Nvidia and raised his price forecast to $330 from $310. He said his takeaways were mixed but mostly positive, with a slight delay in the Vera Rubin ramp tied to thermal lid issues and SK Hynix qualification delays on HBM4. The analyst said he sees limited risk to estimates because Nvidia can ship more B300 GPUs in place of R200. He expects Nvidia to ship 5.5 million to 6 million Blackwell GPUs this year, along with 1 million Hopper GPUs. ## CoWoS Supply Supports AI Demand Vinh said Nvidia’s 2026 CoWoS supply outlook remains unchanged at 650,000 interposers, while 2027 supply has been revised significantly higher to 1.1 million interposers. He said that the increase reflects strong demand and a full-year Rubin ramp. The analyst expects Nvidia to ship 70,000 to 80,000 total racks this year, including 5,000 to 6,000 Vera Rubin racks. He also expects fewer than 1,000 LPU racks this year due to a delayed ramp, though demand remains strong. Vinh said Nvidia remains uniquely positioned to benefit from secular growth in data center AI and machine learning. He also pointed to Nvidia’s CUDA software stack as a major barrier to entry and said competitive risks remain limited. Hedge funds rushed back into U.S. semiconductor stocks last week, buying the sector at the fastest pace in at least three-and-a-half years after two straight weeks of heavy selling. ## Hedge Funds Buy The Dip Goldman Sachs data shared by The Kobeissi Letter showed semiconductor stocks now make up about 10% of total hedge fund exposure, roughly double last year’s level but below the nearly 14% peak in May. The renewed buying suggests hedge funds see the recent chip-stock pullback as largely over, while ETF inflows show broader investor demand for AI-related semiconductor names. ## Technical Analysis Nvidia is trading above its 20-day SMA ($202.05), 100-day SMA ($198.10), and 200-day SMA ($191.95), which keeps the intermediate-to-long trend constructive even after recent chop. The catch is the stock is still trading slightly below its 50-day SMA ($209.27), and the 20-day SMA remains below the 50-day SMA—an early "cooling" signal that can cap rallies until price reclaims that zone cleanly. ## Earnings Outlook Looking further out, the next major catalyst for the stock arrives with the August 26, 2026 (estimated) earnings report. - **EPS Estimate**: $2.07 (Up from $1.04 YoY) - **Revenue Estimate**: $91.70 Billion (Up from $46.74 Billion YoY) - **Valuation**: P/E of 31.2x (Indicates premium valuation relative to peers) ## Top ETF Exposure - **Global X NASDAQ 100 Covered Call ETF** (NASDAQ:QYLD): 9.66% Weight - **Sapient Quality Select ETF** (NASDAQ:SQS): 9.95% Weight - **REX AI Equity Premium Income ETF** (NASDAQ:AIPI): 9.71% Weight **Significance:** Because NVDA carries such a heavy weight in these funds, any significant inflows or outflows will likely trigger automatic buying or selling of the stock. ## Price Action **NVDA Stock Price Activity:** Nvidia shares were up 2.65% at $208.93 at the time of publication on Tuesday, according to Benzinga Pro data. _Image via Shutterstock_ **Read Also: Why Is Taiwan Semiconductor Stock Gaining Tuesday?** ### Related Stocks - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [NVDX.US](https://longbridge.com/en/quote/NVDX.US.md) - [NVDY.US](https://longbridge.com/en/quote/NVDY.US.md) - [NVD.US](https://longbridge.com/en/quote/NVD.US.md) - [07788.HK](https://longbridge.com/en/quote/07788.HK.md) - [NVDU.US](https://longbridge.com/en/quote/NVDU.US.md) - [07388.HK](https://longbridge.com/en/quote/07388.HK.md) - [NVDQ.US](https://longbridge.com/en/quote/NVDQ.US.md) - [NVDL.US](https://longbridge.com/en/quote/NVDL.US.md) - [NVDD.US](https://longbridge.com/en/quote/NVDD.US.md) - [NVDS.US](https://longbridge.com/en/quote/NVDS.US.md) - [NVDB.US](https://longbridge.com/en/quote/NVDB.US.md) - [NVDG.US](https://longbridge.com/en/quote/NVDG.US.md) - [NVDO.US](https://longbridge.com/en/quote/NVDO.US.md) - [NVDW.US](https://longbridge.com/en/quote/NVDW.US.md) - [NVYY.US](https://longbridge.com/en/quote/NVYY.US.md) - [NYYY.US](https://longbridge.com/en/quote/NYYY.US.md) - [DIPS.US](https://longbridge.com/en/quote/DIPS.US.md) - [09388.HK](https://longbridge.com/en/quote/09388.HK.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [SOXQ.US](https://longbridge.com/en/quote/SOXQ.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [FTXL.US](https://longbridge.com/en/quote/FTXL.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [KEY.US](https://longbridge.com/en/quote/KEY.US.md) - [SKHY.US](https://longbridge.com/en/quote/SKHY.US.md) - [GS.US](https://longbridge.com/en/quote/GS.US.md) - [QYLD.US](https://longbridge.com/en/quote/QYLD.US.md) - [SQS.US](https://longbridge.com/en/quote/SQS.US.md) - [AIPI.US](https://longbridge.com/en/quote/AIPI.US.md) - [TSM.US](https://longbridge.com/en/quote/TSM.US.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) - [KEY-K.US](https://longbridge.com/en/quote/KEY-K.US.md) - [KEY-L.US](https://longbridge.com/en/quote/KEY-L.US.md) - [KEY-J.US](https://longbridge.com/en/quote/KEY-J.US.md) - [KEY-I.US](https://longbridge.com/en/quote/KEY-I.US.md) - [W4VR.SG](https://longbridge.com/en/quote/W4VR.SG.md) ## Related News & Research - [Nvidia Turns to a Japanese Giant to Solve the Power Botteneck. What That Means for NVDA Stock.](https://longbridge.com/en/news/293256895.md) - [NBIS Stock Alert: What to Know as Nvidia Reveals 9.3% Stake in Nebius](https://longbridge.com/en/news/293372126.md) - [Semiconductor stocks are on the verge of a bear market. Is the thrill in the chips trade gone?](https://longbridge.com/en/news/292952090.md) - [Micron Technology and Nvidia mask softer S&P 500 earnings growth](https://longbridge.com/en/news/293346008.md) - [QumulusAI Joins the NVIDIA Partner Network as an NVIDIA Cloud Partner | QMLS Stock News](https://longbridge.com/en/news/293030533.md)