NASDAQ 100 Pre-Market Update: Active Stocks and Trends
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 03 2026
0mins
Source: NASDAQ.COM
- Market Downtrend: The NASDAQ 100 Pre-Market Indicator fell by 524.74 points to 24,467.86, indicating a bearish market sentiment that could impact investor confidence and subsequent trading decisions.
- Active Stock Performance: ProShares UltraPro QQQ (TQQQ) decreased by $2.99 to $46.71, with a trading volume of 14,445,427 shares, representing a 166.91% increase from its 52-week low, reflecting strong investor interest in this ETF.
- NVIDIA's Positive Outlook: NVIDIA Corporation (NVDA) dropped $4.68 to $177.80; however, it has seen 10 upward revisions in earnings forecasts over the last four weeks, indicating market confidence in its EPS forecast of $1.67 for the fiscal quarter ending April 2026.
- NIO Earnings Forecast: NIO Inc. (NIO) fell by $0.14 to $4.58, with an earnings report scheduled for March 10, 2026, for the fiscal quarter ending December 2025, where the consensus EPS forecast of -$0.07 represents a 47% increase over last year's EPS.
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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: 195.740
Low
200.00
Averages
264.97
High
352.00
Current: 195.740
Low
200.00
Averages
264.97
High
352.00
About NVDA
NVIDIA Corporation is an artificial intelligence (AI) infrastructure company. The Company is engaged in accelerated computing to help solve the challenging computational problems. Its segments include Compute & Networking and Graphics. The Compute & Networking segment includes its Data Center accelerated computing and networking platforms and AI solutions and software, and automotive platforms and autonomous and electric vehicle solutions, including software. The Graphics segment includes GeForce GPUs for gaming and personal computers (PCs), and Quadro/NVIDIA RTX GPUs for enterprise workstation graphics. Its technology stack includes the foundational NVIDIA CUDA development platform that runs on all NVIDIA GPUs, as well as hundreds of domain-specific software libraries, frameworks, algorithms, software development kits (SDKs), and application programming interfaces (APIs). Its platforms address four markets, which include Data Center, Gaming, Professional Visualization, and Automotive.
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's Future Growth Potential Looks Promising
- Growth Drivers Analysis: Nvidia is projected to see $650 billion in data center capital expenditures by 2026, and with the upcoming launch of the Rubin chip architecture, significant revenue and profit growth is anticipated, reflecting strong market demand and technological advantages.
- Impact of Technological Upgrade: The Rubin chip architecture offers a 10-fold reduction in AI inference costs and a 4-fold reduction in training costs, and although it costs 25% more than Blackwell, it enables AI hyperscalers to achieve substantial performance gains at the same cost, further solidifying Nvidia's market position.
- Optimistic Financial Forecast: Analysts estimate Nvidia will achieve 81% revenue growth in FY 2027 and 41% in FY 2028, indicating strong growth potential in the rapidly expanding AI market, despite the market's underestimation of future growth.
- Investment Value Assessment: Despite an obviously strong upcoming year, Nvidia's stock price has not fully reflected its future growth potential, indicating that investing in Nvidia now could be a wise choice with low opportunity costs.
See More
Nvidia's Market Share in China Drops to Zero
- Market Share Loss: Nvidia's CEO Jensen Huang revealed that due to export restrictions, the company's chip market share in China has dropped to zero, with revenue from China plummeting from nearly $20 billion last year to approximately $4.5 billion in the first fiscal quarter, indicating a continued downward trend.
- New Product Opportunities: Despite challenges, Nvidia's new Vera central processing unit (CPU) is expected to open up a $200 billion market, with nearly $20 billion in CPU revenue anticipated this year, fully compensating for last year's revenue loss in China, showcasing the company's strong potential in new markets.
- Data Center Business Growth: Nvidia's data center business nearly doubled in the first quarter, reaching $75 billion in revenue, driven by innovations in response to surging AI demand, particularly through the integration of Vera CPUs with networking and accelerated computing systems.
- Optimistic Future Outlook: Analysts expect Nvidia's full-year revenue to increase by 81% year-over-year to $391 billion, with a consensus earnings estimate of $8.96 per share; despite uncertainties in the Chinese market, the growth opportunities from Vera CPUs remain unpriced in the stock's valuation.
See More
SpaceX's Flawed Space Data Center Plan Raises Concerns
- Space Data Center Concept: SpaceX's ambitious plan to establish data centers in space aims to address the high energy consumption and environmental issues of terrestrial facilities, but the projected cost of $170 billion raises significant doubts about its economic viability.
- Cooling System Challenges: While the cold environment of space theoretically reduces cooling needs, most electrical equipment cannot function below -340 degrees Fahrenheit, necessitating more expensive materials and designs, complicating implementation.
- Technical Maintenance Issues: Once operational, a space-based data center would face complex and costly repairs, as technicians cannot quickly fix issues like they can on Earth, potentially leading to operational disruptions and additional expenses.
- Utility Companies to Benefit: Amid challenges facing SpaceX's plan, utility companies like American Electric Power (AEP) are likely to benefit from the growing demand for data centers, as AEP has introduced a data center tariff in Ohio, ensuring stable future revenues.
See More
Nvidia Faces Concerns Over Peak AI Spending
- Strong Revenue Growth: Nvidia reported an 85% year-over-year revenue increase in its fiscal Q1 2027, reaching $81.6 billion, with its AI data center segment growing 92%, indicating robust demand for AI infrastructure despite cautious market sentiment regarding future spending.
- Massive Capital Expenditure: Amazon, Microsoft, Alphabet, and Meta are projected to collectively invest about $725 billion in capital projects in 2026, a 77% increase from last year, providing Nvidia with ongoing market opportunities but also introducing competitive pressures.
- Increased Competition Risks: Major customers like Amazon and Google are designing their own chips to reduce reliance on Nvidia, which could erode its market share and pricing power, although Nvidia currently maintains a dominant position in the market.
- Valuation Decline: Nvidia's current price-to-earnings ratio is approximately 30, down from over 40 in the past two years, indicating that market concerns about future growth are already partially priced in, leading to significant uncertainty in future stock performance.
See More
Is PayPal Stock Cheap or a Value Trap?
- Stock Decline: As of June 24, 2026, PayPal shares have fallen 27%, trading at 86% below their July 2021 peak, indicating a pessimistic market outlook on its future prospects.
- Strong Financials: Despite the stock's weakness, PayPal generated $33.2 billion in total revenue and $5.6 billion in free cash flow in 2025, demonstrating solid fundamentals and profitability.
- Management Changes: PayPal fired CEO Alex Chriss, who served from September 2023 to February 2024, indicating that the company's product innovation efforts failed to drive expected growth, potentially impacting future strategic direction.
- Increased Competitive Pressure: In Q1 2026, PayPal processed $1.9 trillion in total payment volume, but faces pressure from competitors like Apple Pay, which could lead to further declines in its market share.
See More
Solar Power Surpasses Coal for the First Time: Key Dividend Stocks to Consider
- Renewable Energy Inflection Point: In May, solar power surpassed coal for the first time, supplying 12.8% of U.S. grid needs while coal dropped to 12.2%, marking a significant shift towards renewable energy that may attract more investors to clean energy stocks.
- NextEra Energy's Growth Potential: As one of the world's largest utilities, NextEra Energy is acquiring Dominion Energy, offering a 2.8% dividend yield, and combining its stable utility operations with rapidly growing solar and wind businesses, showcasing strong long-term growth potential.
- Brookfield Renewable Partners' Diversified Investment: Brookfield owns a globally diversified portfolio of clean energy assets, providing a 4.4% dividend yield with distributions trending higher over the past decade, making it suitable for investors seeking exposure to the entire clean energy sector through a single investment.
- Unique Option of HA Sustainable Infrastructure Capital: Although HA Sustainable Infrastructure Capital transitioned from a REIT to a regular corporation, its 4.3% dividend yield remains attractive, primarily generating revenue by providing loans to companies with clean energy assets, appealing to investors willing to put in extra effort for higher yields.
See More
Nvidia's Future Growth Potential Looks Promising
- Growth Drivers Analysis: Nvidia is projected to see $650 billion in data center capital expenditures by 2026, and with the upcoming launch of the Rubin chip architecture, significant revenue and profit growth is anticipated, reflecting strong market demand and technological advantages.
- Impact of Technological Upgrade: The Rubin chip architecture offers a 10-fold reduction in AI inference costs and a 4-fold reduction in training costs, and although it costs 25% more than Blackwell, it enables AI hyperscalers to achieve substantial performance gains at the same cost, further solidifying Nvidia's market position.
- Optimistic Financial Forecast: Analysts estimate Nvidia will achieve 81% revenue growth in FY 2027 and 41% in FY 2028, indicating strong growth potential in the rapidly expanding AI market, despite the market's underestimation of future growth.
- Investment Value Assessment: Despite an obviously strong upcoming year, Nvidia's stock price has not fully reflected its future growth potential, indicating that investing in Nvidia now could be a wise choice with low opportunity costs.
See More
Nvidia's Market Share in China Drops to Zero
- Market Share Loss: Nvidia's CEO Jensen Huang revealed that due to export restrictions, the company's chip market share in China has dropped to zero, with revenue from China plummeting from nearly $20 billion last year to approximately $4.5 billion in the first fiscal quarter, indicating a continued downward trend.
- New Product Opportunities: Despite challenges, Nvidia's new Vera central processing unit (CPU) is expected to open up a $200 billion market, with nearly $20 billion in CPU revenue anticipated this year, fully compensating for last year's revenue loss in China, showcasing the company's strong potential in new markets.
- Data Center Business Growth: Nvidia's data center business nearly doubled in the first quarter, reaching $75 billion in revenue, driven by innovations in response to surging AI demand, particularly through the integration of Vera CPUs with networking and accelerated computing systems.
- Optimistic Future Outlook: Analysts expect Nvidia's full-year revenue to increase by 81% year-over-year to $391 billion, with a consensus earnings estimate of $8.96 per share; despite uncertainties in the Chinese market, the growth opportunities from Vera CPUs remain unpriced in the stock's valuation.
See More
SpaceX's Flawed Space Data Center Plan Raises Concerns
- Space Data Center Concept: SpaceX's ambitious plan to establish data centers in space aims to address the high energy consumption and environmental issues of terrestrial facilities, but the projected cost of $170 billion raises significant doubts about its economic viability.
- Cooling System Challenges: While the cold environment of space theoretically reduces cooling needs, most electrical equipment cannot function below -340 degrees Fahrenheit, necessitating more expensive materials and designs, complicating implementation.
- Technical Maintenance Issues: Once operational, a space-based data center would face complex and costly repairs, as technicians cannot quickly fix issues like they can on Earth, potentially leading to operational disruptions and additional expenses.
- Utility Companies to Benefit: Amid challenges facing SpaceX's plan, utility companies like American Electric Power (AEP) are likely to benefit from the growing demand for data centers, as AEP has introduced a data center tariff in Ohio, ensuring stable future revenues.
See More
Nvidia Faces Concerns Over Peak AI Spending
- Strong Revenue Growth: Nvidia reported an 85% year-over-year revenue increase in its fiscal Q1 2027, reaching $81.6 billion, with its AI data center segment growing 92%, indicating robust demand for AI infrastructure despite cautious market sentiment regarding future spending.
- Massive Capital Expenditure: Amazon, Microsoft, Alphabet, and Meta are projected to collectively invest about $725 billion in capital projects in 2026, a 77% increase from last year, providing Nvidia with ongoing market opportunities but also introducing competitive pressures.
- Increased Competition Risks: Major customers like Amazon and Google are designing their own chips to reduce reliance on Nvidia, which could erode its market share and pricing power, although Nvidia currently maintains a dominant position in the market.
- Valuation Decline: Nvidia's current price-to-earnings ratio is approximately 30, down from over 40 in the past two years, indicating that market concerns about future growth are already partially priced in, leading to significant uncertainty in future stock performance.
See More
Is PayPal Stock Cheap or a Value Trap?
- Stock Decline: As of June 24, 2026, PayPal shares have fallen 27%, trading at 86% below their July 2021 peak, indicating a pessimistic market outlook on its future prospects.
- Strong Financials: Despite the stock's weakness, PayPal generated $33.2 billion in total revenue and $5.6 billion in free cash flow in 2025, demonstrating solid fundamentals and profitability.
- Management Changes: PayPal fired CEO Alex Chriss, who served from September 2023 to February 2024, indicating that the company's product innovation efforts failed to drive expected growth, potentially impacting future strategic direction.
- Increased Competitive Pressure: In Q1 2026, PayPal processed $1.9 trillion in total payment volume, but faces pressure from competitors like Apple Pay, which could lead to further declines in its market share.
See More
Solar Power Surpasses Coal for the First Time: Key Dividend Stocks to Consider
- Renewable Energy Inflection Point: In May, solar power surpassed coal for the first time, supplying 12.8% of U.S. grid needs while coal dropped to 12.2%, marking a significant shift towards renewable energy that may attract more investors to clean energy stocks.
- NextEra Energy's Growth Potential: As one of the world's largest utilities, NextEra Energy is acquiring Dominion Energy, offering a 2.8% dividend yield, and combining its stable utility operations with rapidly growing solar and wind businesses, showcasing strong long-term growth potential.
- Brookfield Renewable Partners' Diversified Investment: Brookfield owns a globally diversified portfolio of clean energy assets, providing a 4.4% dividend yield with distributions trending higher over the past decade, making it suitable for investors seeking exposure to the entire clean energy sector through a single investment.
- Unique Option of HA Sustainable Infrastructure Capital: Although HA Sustainable Infrastructure Capital transitioned from a REIT to a regular corporation, its 4.3% dividend yield remains attractive, primarily generating revenue by providing loans to companies with clean energy assets, appealing to investors willing to put in extra effort for higher yields.
See More
