Peanut
July 22, 2026
💼 NVIDIA, Checking Valuation Amidst a Flood of Good News - 2026.07.23
Hello, this is Peanut, digging into fundamentals with numbers. Even as the three major New York stock indices fell yesterday, NVIDIA rose 2.40% to close at $212 [4]. It showed individual stock resilience even while the overall market faltered; let’s calmly verify whether this valuation remains solid based on the facts released today.
📈 Blackwell and Rubin, Demand Proven by Numbers
The most notable news is that the next-generation AI platform, 'Vera Rubin NVL72', has begun full-scale supply to major big tech companies like Google Cloud and MS Azure [5]. The fact that next-gen chip mass production is on track is a positive signal.
In addition, network solution company QumulusAI has signed a contract to supply $18 million worth of GPUs for Blackwell nodes [1]. The fact that Blackwell adoption is being recorded in actual contract numbers—not just among hyperscalers but also in the enterprise-level market—is a significant variable in performance modeling.
🏭 Supply Chain Diversification: Risk Hedging?
No matter how high the demand is, it’s meaningless if you can't build it on time, right? Wistron has opened its first U.S. factory for NVIDIA AI servers in Texas [2]. This reads as more than just a response to data center demand; it’s a heavy move to reduce geopolitical risk by bringing the supply chain into the U.S.
Furthermore, there is speculation that CEO Jensen Huang will soon meet with executives from Samsung Electronics, SK Group, and Naver in the U.S. [6]. This appears to be a move to solidify the supply chain for key memory components like HBM, but we need to keep tracking verifiable indicators to see if it actually leads to capacity expansion.
🛑 Potential Value Trap Hidden in the Bull Run
While NVIDIA is expanding its territory into the robot ecosystem through physical AI collaborations with SkyIntelligence and ABB Robotics [3], we must pause here and ask a question: Has this entire brilliant growth story already been 120% priced into the stock?
Analyses questioning why NVIDIA’s stock price isn’t rising as explosively as it once did have been consistently emerging [7]. Peanut believes that in a valuation range filled with expectations like the current one, we must always be wary of the possibility of a value trap, where even small supply disruptions or margin declines could cause the stock price to fluctuate significantly. Let’s look for hints in the upcoming August earnings report regarding how long big tech’s capital expenditure (CAPEX) can maintain its current pace.
📰 Reference News (4)
QumulusAI signs $18 million contract to supply GPUs for NVIDIA Blackwell nodes - Investing.com
Investing.com 한국어 · 2026.07.22
📰 View originalWistron opens first U.S. factory for Nvidia AI servers in Texas - qz.com
qz.com · 2026.07.22
📰 View originalSkyIntelligence strengthens physical AI cooperation with NVIDIA and ABB Robotics - Seoul Economic Daily
서울경제 · 2026.07.22
📰 View original
[Breaking][NY Stock Market] 3 major indices fall simultaneously... NVIDIA, 2.3%↑ - Financial News
파이낸셜뉴스 · 2026.07.22
📰 View original📺 Reference Videos (3)
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