Wall Street Ends Mixed as Investors Await CPI and Bank Earnings 
Global Stocks Mixed as Oil Falls Ahead of US Earnings 
Robinhood Chain Eyes Priority Gas Auctions for Faster Trades 
Orsted to Take Full Ownership of UK Offshore Wind Farm for £15 Million 
Apple Names Steve Smith M&A Chief in Leadership Shakeup 
Most Americans Oppose Election Betting on Prediction Markets, Poll Finds 
FAA Warns US Airlines Over Saudi Arabia Flight Risks 
Apple Supplier Luxshare Faces US Patent Probe, Sees Limited Impact 
Hong Kong’s Second Solana ETF Launches With Lower Fees 
US Suspends Microsoft, Adobe From Green Card Program 
Elon Musk Eyes Semiconductor Manufacturing Expansion With $15 Billion Terrafab Project 
Syndax Stock Drops 15% After Axatilimab Trial Failure 
Oil Prices Rise as Houthi Attacks Threaten Middle East Supply 
Arthur Hayes Announces FLOP Testnet Launch Within Weeks 
Epic Games Delays Disney Shooter, Shifts to AI-First Development 
Broadcom, Oracle and SpaceX Seek Billions in Private Debt for AI Expansion 
Iran Refuses to Halt Uranium Enrichment Amid US Nuclear Demands 
Add as a preferred source on Google
Wall Street's leading Nvidia bull has raised concerns over the stock's future, citing overheating Blackwell systems and a shaky semiconductor sector. With earnings on the horizon, investor sentiment grows increasingly cautious.
Nvidia Faces Mounting Pressure Ahead of Earnings Report
According to Jordan Klein of Mizuho, the semiconductor industry darling and tech rally player Nvidia is facing increasing pressure in the days leading up to its much-anticipated earnings announcement.
Notable Nvidia bull Klein wrote to investors, stating that the company's stock is "modestly at risk" owing to increased market pressures and investor actions.
A combination of industry-wide decline and worries about Nvidia's newest Blackwell systems—which have allegedly experienced overheating problems—were cited by Klein.
Overheating Blackwell Systems Add to Nvidia’s Woes
"Futures indicated higher this morning, but the negative news out on overheating issues in Nvidia's new Blackwell systems has me incrementally worried about Semis," said Klein.
"There is just so much quant, passive and fast momentum money swirling around in markets these days and I assume that style sells first, asks questions later." He cited larger market factors as the reason he doubts early gains in tech stocks may continue.
The semiconductor industry was already feeling the heat before this week's dismal guidance from Applied Materials added fuel to the fire.
Semiconductor Sector Struggles Amplify Concerns
"Friday's trading action was just a terrible sign for the Tech sector," Klein pointed out. He noted that investors are now seeking "any and every reason to sell," and that semiconductor companies are especially susceptible to this trend.
Given Nvidia's position as the market's most-followed stock, Klein stressed the increased importance of the company's next earnings, Investing.com reports.
"A terrible reaction to a mixed print and guide from semi cap AMAT puts even more focus and pressure on Nvidia to halt the decline with a strong enough beat and guide," according to him.
Nvidia's Valuation Sets a Higher Threshold
The present value of Nvidia, he added, sets a greater threshold than in prior quarters.
While Klein is bullish on Nvidia's future, he did warn of the dangers of short-term negative pressure, particularly from retail and momentum investors who "purely react to headlines and initial stock moves."
