Nvidia Corp. (NVDA) reported a revenue growth forecast of around 70% for the upcoming fiscal year, significantly higher than Wall Street’s expectations, during its earnings announcement on August 26. However, the company anticipates a decline in gross margins, indicating supply chain bottlenecks and increasing costs as demand outpaces available components. As Nvidia struggles with securing necessary supplies, including optical components from companies like Lumentum Holdings Inc. and Coherent Corp., investors eye potential opportunities in firms providing these crucial resources.
On September 9, at 8 p.m. ET, investment analysts Luke Lango, Louis Navellier, and Eric Fry will host a free workshop exploring Elon Musk’s future AI ambitions and identifying companies that could become key suppliers to his ventures, including Tesla and SpaceX. Lango believes developments around September 24 could signal significant movement in Musk’s plans, advocating for investors to consider the bottlenecks in Musk’s operations.
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