AI Stocks & ETFs to Rally on Likely Harris Trade?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 23 2024
0mins
Should l Buy NVDA?
Source: NASDAQ.COM
Tech Stocks Surge: Following President Biden's withdrawal from the presidential race, U.S. tech stocks, particularly NVIDIA, led a recovery with significant gains in the S&P 500 and Nasdaq Composite, driven by renewed interest in artificial intelligence (AI) technologies.
Kamala Harris' Potential Impact: With Biden endorsing Kamala Harris as the Democratic nominee, her strong background in AI policy and support from tech leaders could further boost the tech sector, especially if she gains traction in the upcoming presidential election.
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Analyst Views on NVDA
Wall Street analysts forecast NVDA stock price to rise
41 Analyst Rating
39 Buy
1 Hold
1 Sell
Strong Buy
Current: 184.770
Low
200.00
Averages
264.97
High
352.00
Current: 184.770
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is a full-stack computing infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. The Company’s segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing platforms and artificial intelligence (AI) solutions and software; networking; automotive platforms and autonomous and electric vehicle solutions; Jetson for robotics and other embedded platforms, and DGX Cloud computing services. The Graphics segment includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems, and Omniverse Enterprise software for building and operating industrial AI and digital twin applications.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Nvidia Stock Pullback Amid Strong Fundamentals
- Stock Pullback: Nvidia's stock has dipped about 1% at the start of 2026, trading near $185 and 11% below its all-time highs; however, the company's business continues to grow at record levels, indicating strong underlying fundamentals.
- Earnings Growth: In fiscal 2026, Nvidia reported earnings per share (EPS) of $4.90, a 67% year-over-year increase, with analysts forecasting EPS to rise to $8.25 in fiscal 2027 and $10.74 in fiscal 2028, reflecting a potential 120% growth in earnings power over two years.
- Revenue Performance: Nvidia generated $68.1 billion in revenue during Q4, marking a 73% year-over-year increase, and analysts predict the company will achieve 70% revenue growth in the coming year, further solidifying its market leadership.
- Market Opportunities: Despite challenges such as trade tensions with China and increased competition, Nvidia is well-positioned to capture demand in multi-trillion-dollar markets through AI infrastructure investments and emerging applications like autonomous systems and physical AI, showcasing a favorable risk-reward profile.
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- Significant Investment Potential: With a current price of $0.28, Kite attracts investors looking for bargain-priced cryptocurrencies, reminiscent of early Bitcoin investment opportunities, potentially offering substantial returns for risk-tolerant investors.
- Unique Technological Foundation: Kite is a Layer-1 blockchain specifically designed for autonomous AI agents, serving as a base layer for these agents to manage, trade, and pay for data and services, marking a strategic convergence of AI and blockchain technology.
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- Rapid Product Growth: Since its launch in 2023, Cursor's AI assistant has enabled programmers to write and debug code more efficiently, becoming a central player in the tech's 'vibe coding' era, reflecting a surge in demand for AI coding tools among software developers.
- Significant Revenue Growth: According to earlier reports, Cursor's revenue run rate has doubled in three months, with over 30,000 developers now using its tools, indicating rapid expansion in market acceptance and user base.
- Competitive Market Dynamics: Cursor aims to dominate the AI coding assistant market while facing competition from companies like OpenAI, Anthropic, and Google, highlighting its strategic significance in the fast-evolving tech landscape.
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- Strong Financial Performance: In 2025, Axon reported a 33% revenue growth to $2.8 billion, with fourth-quarter revenue jumping 39% to $797 million, demonstrating the company's sustained growth momentum and profitability.
- AI Innovation Applications: In 2024, Axon introduced Draft One, a generative AI tool that automatically writes police reports using camera footage, significantly saving officers' time and enhancing the complementary benefits of its products.
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- Market Performance: Axon Enterprise's stock has surged 2,570% over the past decade, yet it has fallen over 40% from its recent peak due to concerns about AI disruption in software stocks, maintaining its strong leadership in law enforcement technology.
- Revenue Growth: In 2025, Axon reported a 33% revenue increase to $2.8 billion, with a 39% jump in fourth-quarter revenue to $797 million, indicating robust growth momentum for the company.
- AI Product Innovations: In 2024, Axon introduced Draft One, a generative AI tool that creates first drafts of police reports using footage from Axon cameras, significantly saving officers' time and enhancing the complementary benefits of its products.
- Future Outlook: Axon expects revenue to reach $8 billion by 2028, nearly tripling from current levels, and if achieved, the stock could see substantial appreciation, despite being considered expensive at present.
See More
Investment Comparison: Tesla vs. Rivian
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- Future Growth Potential: Despite challenges, Tesla's energy storage segment achieved a record deployment of 14.2 gigawatt-hours in Q4, a 29% year-over-year increase, while Rivian anticipates deliveries between 62,000 and 67,000 units in 2026, showcasing differing strategies for future growth potential.
See More
Nvidia Stock Pullback Amid Strong Fundamentals
- Stock Pullback: Nvidia's stock has dipped about 1% at the start of 2026, trading near $185 and 11% below its all-time highs; however, the company's business continues to grow at record levels, indicating strong underlying fundamentals.
- Earnings Growth: In fiscal 2026, Nvidia reported earnings per share (EPS) of $4.90, a 67% year-over-year increase, with analysts forecasting EPS to rise to $8.25 in fiscal 2027 and $10.74 in fiscal 2028, reflecting a potential 120% growth in earnings power over two years.
- Revenue Performance: Nvidia generated $68.1 billion in revenue during Q4, marking a 73% year-over-year increase, and analysts predict the company will achieve 70% revenue growth in the coming year, further solidifying its market leadership.
- Market Opportunities: Despite challenges such as trade tensions with China and increased competition, Nvidia is well-positioned to capture demand in multi-trillion-dollar markets through AI infrastructure investments and emerging applications like autonomous systems and physical AI, showcasing a favorable risk-reward profile.
See More
Kite: The First AI Payment Blockchain
- Remarkable Market Performance: Since its launch late last year, Kite's price has surged by 205%, currently boasting a market cap of approximately $513 million, positioning it among the top 100 cryptocurrencies globally, indicating strong market demand and investor interest.
- Significant Investment Potential: With a current price of $0.28, Kite attracts investors looking for bargain-priced cryptocurrencies, reminiscent of early Bitcoin investment opportunities, potentially offering substantial returns for risk-tolerant investors.
- Unique Technological Foundation: Kite is a Layer-1 blockchain specifically designed for autonomous AI agents, serving as a base layer for these agents to manage, trade, and pay for data and services, marking a strategic convergence of AI and blockchain technology.
- Future Growth Expectations: If Kite can compete with Bittensor and reach a market cap of $2.2 billion, investors could see 4-fold returns, with the potential to become a top 10 cryptocurrency, implying a 20-fold investment return, showcasing immense growth potential.
See More
Cursor AI Startup Valued at $50 Billion in Funding Talks
- Funding Negotiations: Cursor is in discussions with investors for a funding round that could value the startup at approximately $50 billion, nearly doubling its valuation from last fall, indicating strong market confidence in its potential.
- Rapid Product Growth: Since its launch in 2023, Cursor's AI assistant has enabled programmers to write and debug code more efficiently, becoming a central player in the tech's 'vibe coding' era, reflecting a surge in demand for AI coding tools among software developers.
- Significant Revenue Growth: According to earlier reports, Cursor's revenue run rate has doubled in three months, with over 30,000 developers now using its tools, indicating rapid expansion in market acceptance and user base.
- Competitive Market Dynamics: Cursor aims to dominate the AI coding assistant market while facing competition from companies like OpenAI, Anthropic, and Google, highlighting its strategic significance in the fast-evolving tech landscape.
See More
Axon Enterprise: Leading Growth with AI Innovations
- Market Leadership: Axon Enterprise has solidified its position as a leader in law enforcement technology through a series of product innovations and acquisitions, with a stock price increase of 2,570% over the past decade, despite a recent decline of over 40% due to AI disruption fears.
- Strong Financial Performance: In 2025, Axon reported a 33% revenue growth to $2.8 billion, with fourth-quarter revenue jumping 39% to $797 million, demonstrating the company's sustained growth momentum and profitability.
- AI Innovation Applications: In 2024, Axon introduced Draft One, a generative AI tool that automatically writes police reports using camera footage, significantly saving officers' time and enhancing the complementary benefits of its products.
- Future Growth Potential: Axon expects revenue to reach $8 billion by 2028, nearly tripling from current levels, and if achieved, the stock has the potential for substantial appreciation, making it an attractive option for investors.
See More
Axon Enterprise's AI Innovations Drive Growth Potential
- Market Performance: Axon Enterprise's stock has surged 2,570% over the past decade, yet it has fallen over 40% from its recent peak due to concerns about AI disruption in software stocks, maintaining its strong leadership in law enforcement technology.
- Revenue Growth: In 2025, Axon reported a 33% revenue increase to $2.8 billion, with a 39% jump in fourth-quarter revenue to $797 million, indicating robust growth momentum for the company.
- AI Product Innovations: In 2024, Axon introduced Draft One, a generative AI tool that creates first drafts of police reports using footage from Axon cameras, significantly saving officers' time and enhancing the complementary benefits of its products.
- Future Outlook: Axon expects revenue to reach $8 billion by 2028, nearly tripling from current levels, and if achieved, the stock could see substantial appreciation, despite being considered expensive at present.
See More
Investment Comparison: Tesla vs. Rivian
- Rivian's Financial Struggles: In Q4 2025, Rivian reported total revenue of $1.29 billion, a 25% decline year-over-year, with automotive revenue plummeting 45%, indicating significant pressure on its core business, although its software and services segment grew 109% to $447 million, reflecting efforts towards revenue diversification.
- Tesla's Delivery Decline: Tesla delivered 418,227 vehicles in Q4 2025, a 16% year-over-year drop, with total deliveries for the year down about 9% to 1.63 million; however, Tesla maintains market competitiveness with a diversified business model and strong cash flow, generating $6.2 billion in free cash flow in 2025.
- Valuation Pressure: Tesla's market capitalization stands at approximately $1.5 trillion with a net income of only $3.8 billion, indicating high investor expectations for future software and automotive sales recovery, while Rivian's net losses reached $3.6 billion, highlighting its need for improved profitability.
- Future Growth Potential: Despite challenges, Tesla's energy storage segment achieved a record deployment of 14.2 gigawatt-hours in Q4, a 29% year-over-year increase, while Rivian anticipates deliveries between 62,000 and 67,000 units in 2026, showcasing differing strategies for future growth potential.
See More
