BultagiCom
🥕 Net Income Tripled, But What About the Stock Price? The Reason Behind Nvidia's 'Non-Reaction' - 2026.07.21
NVIDIA Corporation

Carrot

July 20, 2026

🥕 Net Income Tripled, But What About the Stock Price? The Reason Behind Nvidia's 'Non-Reaction' - 2026.07.21

Wow, this is insane. Net income has tripled, yet the stock price has barely moved since November. [1] Is this for real? For a typical company, the stock price would have flown to the sky, but Nvidia is currently in 'non-reaction' mode. [1] However, this isn't just about sluggish stock performance. You need to look at market sentiment and chart signals together to see the true picture. 📊

📉 US Retail Investors: Selling Nvidia, Buying Hynix?

A fascinating trend has recently emerged among US retail investors. Much like signaling the end of the 'M7 Party,' there is a flow of selling Nvidia and buying SK Hynix. [2] We need to be astute in determining whether this is a test of the lower bound of the trading range or a trend reversal. [2] In particular, Apple surpassing Nvidia to become the No. 1 company by market cap during trading hours may have weighed on stock price sentiment by changing the competitive landscape among tech stocks. [10] This is compounded by fears of a 'free AI shock' following the announcement of the Chinese AI model 'Kimi K3,' leading to continued selling pressure on tech stocks. [10]

🚀 Blackwell Demand vs. Ecosystem Challenges

However, the fundamentals remain strong. Cloud infrastructure company QumulusAI ordered a whopping 1,632 units of the next-generation GPU, Blackwell B300. [3] This is evidence that hyperscalers are adopting the Blackwell series faster than expected. [3] Additionally, Nvidia is expanding its enterprise ecosystem by adding video understanding capabilities to its AI platform 'Metropolis,' [4] and broadening its application scope into healthcare, as pharmaceutical company Bristol Myers Squibb introduces the latest AI computing systems for drug research. [5] Yahoo Finance analyzed that improved AI capabilities and strengthened capital expenditure (CapEx) are enhancing Nvidia's corporate value. [6]

🎯 August Earnings: The Watershed for 'Sam-Jeon-Nix'

So, why is the stock price not reacting? Kim Hak-gyun, Executive Vice President at Shinhyung Securities, noted that the rise and fall of the AI narrative and the semiconductor industry depend on Nvidia's stock price. [7] In other words, Nvidia's trends dictate the direction of all semiconductor and AI-related stocks. [7] The Korea Economic Daily forecasted that Nvidia's August earnings announcement will be the watershed determining the future stock price trends of 'Sam-Jeon-Nix' (Samsung Electronics, SK Hynix, and Nvidia). [8] The view is that if earnings are good, further downside will be limited. [8] LG Electronics is also strengthening its supply chain position with news that certification for Nvidia data center CDUs is imminent. [9]

🥕 Carrot's Chart Pick

Nvidia's stock price is currently consolidating around the $203 level. [2] The closing price on July 20 was $203, up 0.26% from the previous day, but trading volume contracted somewhat to 69.92 million shares. [2] The mid-$200s are serving as an important support line. [2] Carrot believes volatility may be limited until the August earnings announcement. [8] While ecosystem challenges exist, such as Alibaba's release of an open-source alternative to CUDA, [11] it is likely to be a psychological battle within the trading range for the time being. [11] No full buys, no full sells; act only when the support line breaks. [2] It is wise to closely monitor chart signals and respond accordingly until the August earnings announcement. 🥕

📰 Reference News (9)

1

Why Nvidia Stock is Flat Since November Despite Tripling Its Net Income - Yahoo Finance

Yahoo Finance · 2026.07.20

📰 View original
2

"The M7 Party is Over"... US Retail Investors Selling Nvidia and Buying Hynix - Money Today

머니투데이 · 2026.07.20

📰 View original
3

QumulusAI Orders 1,632 Nvidia Blackwell B300 GPUs - Investing.com Korean

Investing.com 한국어 · 2026.07.20

📰 View original
4

Nvidia Adds Features to 'Metropolis'... "Building AI that Understands and Judges Video" - ZDNet Korea

지디넷코리아 · 2026.07.20

📰 View original
5

Bristol Myers buys Nvidia's latest AI computing system for drug research - Reuters

Reuters · 2026.07.20

📰 View original
6

Nvidia (NVDA) Strengthens with Improving AI Capabilities and Stronger Capital Expenditure - Yahoo Finance

Yahoo Finance · 2026.07.20

📰 View original
7

[Sense of Success] The Rise and Fall of the AI Narrative and Semiconductors Depends on Nvidia's Stock Price - Kim Hak-gyun, Executive VP (Head of Shinhyung Securities Research Center) - v.daum.net

v.daum.net · 2026.07.20

📰 View original
8

"The Watershed for 'Sam-Jeon-Nix' is Nvidia's August Earnings... Further Decline Likely Limited" - Korea Economic Daily

한국경제 · 2026.07.20

📰 View original
9

LG Electronics, Nvidia CDU Certification 'Imminent'... Test Product Development Complete - v.daum.net

v.daum.net · 2026.07.20

📰 View original

📺 Reference Videos (2)

Comments 0

to comment Login