This optimism is likely to taper off if macro uncertainty continues, but it is still a solid buy signal. The increase in CapEx is something that will definitely help Nvidia continue its streak of beating earnings estimates with stellar figures.

Despite being one of the winners of the ongoing AI boom, Nvidia’s NVDA “prospects are well understood and largely priced into the stock,” Seaport analyst Jay Goldberg said in the note. The chipmaker’s stock is down 21% so far this year,

With shares down nearly 20% year to date, Nvidia (NASDAQ: NVDA) had a rough start to 2025. The massive artificial intelligence (AI) chipmaker has proven vulnerable to trade and geopolitical uncertainty during the opening months of the Trump administration,