Tag Archives: NVDA

SpaceX, Elon Musk’s Rocket and Satellite Company, Reportedly Leans Toward Nasdaq Listing, Aiming for “Quick Inclusion” in Nasdaq-100

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According to four sources familiar with the matter, SpaceX, the rocket and satellite company owned by Elon Musk, is inclined to list on the Nasdaq, which could become the largest IPO in history. Two of the sources indicated that SpaceX wants to be quickly included in the Nasdaq-100 Index (Nasdaq:NDX) and considers this a necessary condition for listing on the tech-heavy exchange. They also emphasized that SpaceX’s listing plans are still subject to changes.

Other sources mentioned that the New York Stock Exchange (NYSE) is also vying for the listing, but as of now, neither exchange has received a final decision from SpaceX. It was previously reported that SpaceX might launch its IPO as early as June this year.

The Nasdaq-100 Index, compiled by Nasdaq (Nasdaq:NDAQ), is regarded by large institutional investors as a benchmark for top blue-chip stocks and is a global indicator of performance for many of the world’s largest public companies, including tech giants such as (NASDAQ:NVDA), (NASDAQ:AAPL), and (NASDAQ:AMZN). The index rose about 21% last year and has seen a slight pullback so far this year.

Last month, the Nasdaq introduced a new rule that could shorten the time for large-cap companies newly listed on the exchange to be included in the Nasdaq-100 Index.

This amendment is aimed at attracting high-valued private companies like SpaceX, Anthropic, and OpenAI to list on Nasdaq. The rule has yet to be finalized and may take several months before it comes into effect.

Under the proposed “quick inclusion” rule, if a newly listed company’s market capitalization ranks within the top 40 of the Nasdaq-100’s current constituent stocks, it could be added to the index within less than a month. One source revealed that SpaceX’s IPO valuation target is about $1.75 trillion, and based on the current stock price, the company would become the sixth-largest U.S. company by market value after its listing.

Currently, newly listed companies typically have to wait up to a year before meeting the inclusion criteria for major indexes like the S&P 500 or Nasdaq-100. They must first prove their stability to attract substantial institutional investor buying.

Advantages of Index Inclusion

Being added to blue-chip indexes such as the Nasdaq-100 or S&P 500 makes it easier for companies to attract funding from large institutional investors. These institutions typically build large positions in index funds, which helps broaden the shareholder base and gradually increase stock liquidity.

While the NYSE also tracks similar indexes for the largest 100 U.S. stocks, the market’s focus is lower compared to Nasdaq, making inclusion in the Nasdaq-100 particularly important for large-cap IPOs.

For company management and early investors, stronger liquidity helps reduce the impact of large sell-offs on the stock price after the IPO lock-up period (usually 90 to 180 days). However, this does not entirely avoid the pressure on stock prices caused by large-scale insider selling.

As of the time of writing, SpaceX has not commented on the matter.

In February, it was reported that SpaceX’s advisory team had been in talks with major index providers such as Nasdaq regarding the possibility of early inclusion in core indexes.

SpaceX’s potential IPO is expected to be one of the most anticipated offerings in recent years. Currently, several well-known venture-backed companies and startups, including OpenAI and Anthropic, are also preparing for their public listings.

Nvidia Earnings Report Coming Soon, Citi Provides Optimistic Outlook, AI Inference Roadmap Could Be a New Catalyst

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Nvidia (NASDAQ:NVDA) is set to release its latest quarterly earnings and guidance on February 25. Citi Group has given an optimistic outlook for the chip giant, led by Jensen Huang, and expects the company to release strong performance guidance.

In a report to clients, Citi analyst Atif Malik stated that his model predicts Nvidia’s revenue for the fiscal quarter ending in January will be approximately $67 billion, exceeding Wall Street’s consensus estimate of $65.6 billion. Furthermore, he expects the company’s guidance for the fiscal quarter ending in April to be around $73 billion, notably higher than the market’s expectation of $71.6 billion.

Malik pointed out that the continued ramp-up of B300 products, coupled with the launch of the Rubin architecture, will drive Nvidia’s sales to accelerate by 34% year-over-year in the second half of 2026, significantly outperforming the 27% growth expected for the first half of 2026. He believes that investors’ focus has shifted away from the current earnings report and towards the annual GTC conference scheduled for mid-March, where Nvidia is expected to focus on its inference roadmap. This will include details on how the company plans to utilize Groq’s low-latency SRAM intellectual property and provide its first preliminary outlook on AI-related sales from 2026 to 2027.

Based on this outlook, Malik maintains a “Buy” rating on Nvidia and sets a target price of $270.

Looking at the company from a longer-term perspective, Malik further stated that Nvidia’s current valuation “appears attractive.” As market visibility on its 2026 performance improves, the stock is expected to outperform the broader market in the second half of 2026.

He also mentioned that the inference market is evolving toward being “more diversified,” which will offer more choices for model scale and application scenario customization. This also means that the use of AI accelerators will take on more diverse forms. However, from a system-level perspective, he expects Nvidia to continue to lead in workloads focused on training as well as inference and logical deduction, and he believes that MLPerf remains the most valuable benchmark for comparing different AI accelerators.

DRAM Supply Shortage Expected to Last Until 2028, Micron Target Price Raised by Deutsche Bank by Nearly 70%

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As the storm of rising storage prices intensifies, U.S. memory chip giant Micron Technology (NASDAQ:MU) has seen its target price raised once again.

Deutsche Bank significantly raised its target price for Micron Technology while maintaining its “Buy” rating on the stock. The bank’s analysts recently stated that the current memory cycle is “different from past cycles,” which could mean that Micron’s stock still has substantial room for growth.

Deutsche Bank analyst Melissa Weathers expects the supply shortage of dynamic random-access memory (DRAM) to last until at least 2027 or even 2028—especially as the artificial intelligence (AI) boom has led to a surge in demand for high-bandwidth memory (HBM).

HBM is made by stacking DRAM chips and is critical for advanced AI chips, such as those designed by NVIDIA (NASDAQ:NVDA). Micron, along with South Korea’s SK Hynix and Samsung Electronics, is considered one of the “Big Three” in the global HBM market, with the three companies collectively monopolizing more than 97% of the global HBM market share.

In a report released on Tuesday, Weathers noted that compared to traditional DRAM, HBM has approximately three times the “silicon density,” meaning it requires more wafers for chip cutting. She stated that this high density “is causing a supply shock that we believe has not been fully understood.” The supply tightness has enabled companies like Micron to raise prices and sign long-term contracts with customers.

At the same time, Weathers noted that new DRAM wafer plants will take at least two years to come online, and the expansion capacity of existing plants is limited, making it difficult to alleviate the demand pressure. However, she mentioned that as new production capacity gradually comes online next year, the supply constraints may ease.

Weathers believes these trends will create “a more structurally profitable environment” for Micron, raising the stock’s target price by a substantial 67% to $500—more than 30% above the latest closing price.

Deutsche Bank also raised its earnings per share (EPS) forecast for Micron’s fiscal year 2026 to $46.50, with the new target price based on about 11 times this number.

Micron’s stock fell 2.67% on Tuesday, continuing the downward trend from Monday, after reports surfaced that Micron’s competitor Samsung plans to begin mass production of next-generation HBM4 later this month, for use by NVIDIA (NASDAQ:NVDA) in its upcoming Vera Rubin graphics processing unit (GPU).

Over the past year, Micron’s stock has surged by an impressive 300%. Recently, several investment banks, including UBS, Mizuho, and HSBC, have raised their ratings on the stock.

Last month, during Micron’s first-quarter fiscal year 2026 earnings call, the company stated that all of its HBM capacity for 2026 had already been sold out, and it expects the total addressable market (TAM) for HBM to reach $100 billion by 2028 (up from $35 billion in 2025).