J Studios/DigitalVision via Getty Images Last time we wrote about Zeta Global ( ZETA ) was after the 3Q 2025 earnings report. Since then the return of the stock totalled about 2% despite massive selloff in software industry. We are confident that Zeta is protected from the so - called ' AI Disruption ' , and the recent acquisition of Marigold reinforces the value proposition that the company provi...
J Studios/DigitalVision via Getty Images Last time we wrote about Zeta Global ( ZETA ) was after the 3Q 2025 earnings report. Since then the return of the stock totalled about 2% despite massive selloff in software industry. We are confident that Zeta is protected from the so - called ' AI Disruption ' , and the recent acquisition of Marigold reinforces the value proposition that the company provides to its shareholders . The integration of Marigold and the steady organic growth of the Zeta business prompted us to revise the target price upward . Let's look at 4Q 2025 earnings Revenue jumped by 25% y/y to $394.6 mln (beat by $15.4 mln according to SA consensus). Adjusted EBITDA shot up by 22% to $81.3 mln (the number includes acquisition expenses in the amount of $14 mln – otherwise, it would have been $95 mln). We calculate adjusted EBITDA as operating income + D&A + SBC while Zeta also adjusts this for acquisition expenses. Zeta earnings slides Operating metrics The number of customers spending an average of more than $100,000 a year increased by 14% y/y to 602, with ARPU of this cohort totaling $625,000 (+8% y/y). Zeta earnings slides Management’s guidance In 2026, revenue is now expected to reach $1.75-$1.76 bln (+35% y/y) versus $1.54 bln previously (before Marigold's integration assumptions). The main change is that the guidance now includes the results that are expected from the Marigold acquisition (previously, we lacked data regarding the expected effect on financial results). Adjusted for the acquisition, according to our calculations, the guidance was revised upward by about 1-2%, while total growth excluding Marigold and political revenue will reach 20%-21%. Adjusted EBITDA is expected to be in the neighborhood of $390 mln, which also exceeds the original forecast of $354 mln due to the acquisition. Adjusted for the acquisition, according to our calculations, the guidance was revised upward by about 1-2%. Interpreting the report The report beat market ex...
DOE Unleashes $500M To Break China's Grip On Critical Materials The DOE’s Office of Critical Minerals and Energy Innovation (CMEI) released a Notice of Funding Opportunity for up to $500 million for advancing its strategy to develop secure domestic sources of critical minerals and battery materials . The aim is to reduce reliance on foreign suppliers that have long dominated these markets. This ma...
DOE Unleashes $500M To Break China's Grip On Critical Materials The DOE’s Office of Critical Minerals and Energy Innovation (CMEI) released a Notice of Funding Opportunity for up to $500 million for advancing its strategy to develop secure domestic sources of critical minerals and battery materials . The aim is to reduce reliance on foreign suppliers that have long dominated these markets. This marks the third round of funding under the Battery Materials Processing and Battery Manufacturing & Recycling programs. Our readers have been tracking these developments for some time. Last summer we published an overview of the emerging domestic critical minerals sector , identifying several publicly traded companies now well-positioned for further government support . This new round of funding will support projects focused on domestic processing of raw feedstocks, recycling of battery manufacturing scrap and end-of-life batteries, and the manufacturing of battery components and materials . Key targeted minerals include lithium, graphite, nickel, copper, and aluminum , along with other materials used in commercial battery systems. The overarching objective is to build resilient supply chains for electric vehicles, grid storage, defense applications, and broader industrial needs. Energy Secretary Wright highlighted: “For too long, the United States has relied on hostile foreign actors to supply and process the critical materials that are essential in battery manufacturing and materials processing . Thanks to President Trump’s leadership, the Department of Energy is playing a leading role in strengthening these domestic industries that will position the U.S. to win the AI race, meet rising energy demand, and achieve energy dominance.” Assistant Secretary Audrey Robertson provided additional context from recent international engagements, including meetings in Japan on allied energy cooperation. Our previous write-ups have included details on MP Materials , the operator of the M...
What Happened? Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) jumped 3.8% in the afternoon session after CEO Jensen Huang revealed at the company’s annual developer conference that purchase orders for the Blackwell and Vera Rubin architectures are expected to hit $1 trillion through 2027. This staggering forecast effectively doubles the $500 billion revenue opportunity projected...
What Happened? Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) jumped 3.8% in the afternoon session after CEO Jensen Huang revealed at the company’s annual developer conference that purchase orders for the Blackwell and Vera Rubin architectures are expected to hit $1 trillion through 2027. This staggering forecast effectively doubles the $500 billion revenue opportunity projected the previous year, signaling an unprecedented acceleration in AI infrastructure investment. Finance chief Colette Kress reinforced this bullish outlook, noting that current growth was already exceeding previous estimates. With demand booming across startups and major corporations, Nvidia is solidifying its position as the indispensable backbone of the modern tech economy. The shares closed the day at $183.27, up 1.7% from previous close. Is now the time to buy Nvidia? Access our full analysis report here, it’s free. What Is The Market Telling Us Nvidia’s shares are somewhat volatile and have had 11 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 18 days ago when the stock dropped 4.3% on the news that it reversed initial post-earnings gains as investors digested its stellar fourth-quarter report. Nvidia reported another quarter of significant growth, with revenue climbing 73.2% year-on-year to $68.13 billion, beating analyst expectations. The company also provided an optimistic revenue forecast for the current quarter of $78 billion, which surpassed Wall Street's estimates. However, with extremely high expectations already priced into the stock, the impressive results may have triggered a "sell-the-news" reaction from investors looking to take profits. The drop also reflects underlying concerns about whether the massive, AI-driven spending from customers can be sustained at its...
What Happened? Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) jumped 3.8% in the afternoon session after CEO Jensen Huang revealed at the company’s annual developer conference that purchase orders for the Blackwell and Vera Rubin architectures are expected to hit $1 trillion through 2027. This staggering forecast effectively doubles the $500 billion revenue opportunity projected...
What Happened? Shares of leading designer of graphics chips Nvidia (NASDAQ:NVDA) jumped 3.8% in the afternoon session after CEO Jensen Huang revealed at the company’s annual developer conference that purchase orders for the Blackwell and Vera Rubin architectures are expected to hit $1 trillion through 2027. This staggering forecast effectively doubles the $500 billion revenue opportunity projected the previous year, signaling an unprecedented acceleration in AI infrastructure investment. Finance chief Colette Kress reinforced this bullish outlook, noting that current growth was already exceeding previous estimates. With demand booming across startups and major corporations, Nvidia is solidifying its position as the indispensable backbone of the modern tech economy. The shares closed the day at $183.27, up 1.7% from previous close. Is now the time to buy Nvidia? Access our full analysis report here, it’s free. What Is The Market Telling Us Nvidia’s shares are somewhat volatile and have had 11 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The previous big move we wrote about was 18 days ago when the stock dropped 4.3% on the news that it reversed initial post-earnings gains as investors digested its stellar fourth-quarter report. Nvidia reported another quarter of significant growth, with revenue climbing 73.2% year-on-year to $68.13 billion, beating analyst expectations. The company also provided an optimistic revenue forecast for the current quarter of $78 billion, which surpassed Wall Street's estimates. However, with extremely high expectations already priced into the stock, the impressive results may have triggered a "sell-the-news" reaction from investors looking to take profits. The drop also reflects underlying concerns about whether the massive, AI-driven spending from customers can be sustained at its...
Nvidia (NVDA +1.63%) is perhaps the most talked-about stock in the market. This makes a lot of sense because it's the largest in the world by market cap, but there are many growing concerns about the health of its business. AI hyperscalers are spending heavily on AI data centers, and with the majority of Nvidia's business coming from data center chip sales, some investors see Nvidia as a bit of a ...
Nvidia (NVDA +1.63%) is perhaps the most talked-about stock in the market. This makes a lot of sense because it's the largest in the world by market cap, but there are many growing concerns about the health of its business. AI hyperscalers are spending heavily on AI data centers, and with the majority of Nvidia's business coming from data center chip sales, some investors see Nvidia as a bit of a precarious investment. But is that true? Or is Nvidia stock actually a buy right now? Data center spending isn't slowing down anytime soon Despite investors' concerns about AI spending, it isn't likely to slow down. Why? Because every AI hyperscaler would need to slow their spending. The risk of underspending is far greater than the risk of overspending. If it turns out that all of this computing capacity is needed, the more conservative companies will be hindered in the future. On the flip side, if every company spends too much, they will at least be in the same boat. This feeds long-term projections, such as one from Nvidia that projects that global data center capital expenditures will reach $3 trillion to $4 trillion annually. While that number sounds like a lofty figure, it's really not as big as you think. The big four AI hyperscalers are planning to spend around $650 billion on capital expenditures this year. That doesn't include some of the other big spenders like OpenAI or Oracle. Other regions of the world are also spending big on AI, like China. Furthermore, Europe has been relatively dormant on the AI front, but that could change over the next few years when it sees the impacts it's having on its peers. Expand NASDAQ : NVDA Nvidia Today's Change ( 1.63 %) $ 2.94 Current Price $ 183.19 Key Data Points Market Cap $4.4T Day's Range $ 181.42 - $ 188.88 52wk Range $ 86.62 - $ 212.19 Volume 8.8M Avg Vol 175M Gross Margin 71.07 % Dividend Yield 0.02 % Additionally, with the rate that each hyperscaler is growing at, it's not unreasonable to assume their cash flows could...
Nvidia (NASDAQ: NVDA) has pulled off a historic rise over the last decade, with its share price up more than 25,000% since 2014. The company has taken the chip market by storm, almost singlehandedly building the consumer chip industry into what it is today. Nvidia was one of the first companies to begin selling graphics processing units (GPUs) directly to customers, who use these chips to build hi...
Nvidia (NASDAQ: NVDA) has pulled off a historic rise over the last decade, with its share price up more than 25,000% since 2014. The company has taken the chip market by storm, almost singlehandedly building the consumer chip industry into what it is today. Nvidia was one of the first companies to begin selling graphics processing units (GPUs) directly to customers, who use these chips to build high-performance PCs for activities like gaming and video editing. The chipmaker's direct-to-consumer business remains lucrative, with its gaming segment up 18% year over year in the first quarter of fiscal 2025. Nvidia's success in desktop GPUs has given it the brand power and financial resources to expand to multiple other sectors, including artificial intelligence (AI), cloud computing, healthcare, government, robotics, and self-driving vehicles. Nvidia's stock has climbed about 140% in the last 12 months but appears to only just be getting started. So, despite recent growth, Nvidia's stock remains a compelling option worth considering this year. The potential to achieve a market cap above $3 trillion Nvidia temporarily achieved a market cap above $3 trillion earlier this year, joining Microsoft and Apple in the elite club of trillion-dollar companies. However, its market cap is currently around $2.7 billion after a slight correction and pullback from tech industry investors. Yet, Nvidia's significant growth potential suggests it won't be long before it rises above that $3 trillion milestone again -- and this time, for good. AI has highlighted the crucial role chips have to play in the future of tech, equipping developers with the power necessary to build the generative software. Meanwhile, AI is only one of many industries that require high-powered chips to move forward, representing many growth catalysts for Nvidia. Data from JPMorgan Chase shows that prominent tech giants Microsoft, Amazon, Alphabet, and Meta Platforms will reach capital expenditures totaling $201 billi...