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
Quantum Computing Market Poised for Growth
- Market Growth Potential: Grand View Research projects that the quantum computing market will grow at a 22.3% compound annual rate through 2033, creating significant wealth opportunities for investors, particularly in companies like Infleqtion.
- Strategic Partnership Advantage: Infleqtion's collaboration with Nvidia enhances its industry reputation and provides access to more talent and capital, allowing its quantum processing units to integrate seamlessly with existing AI infrastructure, thereby lowering the barriers to technology application.
- Government Support Accelerating Development: The recent executive order from the U.S. government to advance quantum computing policies has positioned Infleqtion to potentially receive $100 million in funding, indicating that government emphasis on quantum technology will likely lead to increased capital inflow for the company.
- Industry Leadership Position: Infleqtion boasts one of the broadest quantum technology portfolios and played a key role in America's Quantum Space Initiative, demonstrating its early leadership in quantum computing and related fields, with strong potential to rapidly capture market share during commercialization.
See More
Brookfield Renewable Shares Decline Despite Strong Cash Flow Growth
- Stock Price Decline: Brookfield Renewable's shares have fallen over 15% from their 52-week high, despite a more than 15% increase in cash flow per share in Q1, indicating weakened market confidence that could affect investor decisions.
- Stable Cash Flow: Approximately 90% of the company's electricity sales are secured through long-term fixed-rate power purchase agreements, with 70% of revenue linked to inflation, ensuring a stable cash flow growth rate of 2% to 3% annually, which supports future investments.
- Capital Deployment Plan: Brookfield plans to invest $9 billion to $10 billion over the next five years to meet surging global power demand, with an annual capital deployment of about $850 million aimed at developing additional renewable energy capacity, targeting a run rate of 10 gigawatts by next year.
- Dividend Growth Potential: The company's current dividend yield exceeds 4%, significantly higher than the S&P 500's 1.1%, with plans to grow dividends by 5% to 9% annually, reflecting its strong position in the renewable energy sector and sustainable dividend payment capability.
See More
Quantum Computing Market Poised for Growth
- Market Growth Potential: Grand View Research projects the quantum computing market to grow at a 22.3% compound annual rate through 2033, indicating significant investment opportunities that could create many millionaires among investors.
- Strengthened Partnerships: Infleqtion's collaboration with Nvidia integrates its neutral-atom quantum processing units with Nvidia's hardware and software, enhancing its competitiveness in high-performance computing while facilitating access to more talent and capital.
- Increased Government Support: The recent executive order from the U.S. government to accelerate quantum computing development includes a proposed $100 million funding for Infleqtion, highlighting its leadership in quantum technology and potential for increased market share.
- Wide-ranging Technology Applications: Infleqtion boasts one of the industry's broadest quantum technology portfolios, covering quantum computing, advanced sensing, and space-based quantum systems, which are expected to play a crucial role in the future space economy, further solidifying its market position.
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'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
Quantum Computing Market Poised for Growth
- Market Growth Potential: Grand View Research projects that the quantum computing market will grow at a 22.3% compound annual rate through 2033, creating significant wealth opportunities for investors, particularly in companies like Infleqtion.
- Strategic Partnership Advantage: Infleqtion's collaboration with Nvidia enhances its industry reputation and provides access to more talent and capital, allowing its quantum processing units to integrate seamlessly with existing AI infrastructure, thereby lowering the barriers to technology application.
- Government Support Accelerating Development: The recent executive order from the U.S. government to advance quantum computing policies has positioned Infleqtion to potentially receive $100 million in funding, indicating that government emphasis on quantum technology will likely lead to increased capital inflow for the company.
- Industry Leadership Position: Infleqtion boasts one of the broadest quantum technology portfolios and played a key role in America's Quantum Space Initiative, demonstrating its early leadership in quantum computing and related fields, with strong potential to rapidly capture market share during commercialization.
See More
Brookfield Renewable Shares Decline Despite Strong Cash Flow Growth
- Stock Price Decline: Brookfield Renewable's shares have fallen over 15% from their 52-week high, despite a more than 15% increase in cash flow per share in Q1, indicating weakened market confidence that could affect investor decisions.
- Stable Cash Flow: Approximately 90% of the company's electricity sales are secured through long-term fixed-rate power purchase agreements, with 70% of revenue linked to inflation, ensuring a stable cash flow growth rate of 2% to 3% annually, which supports future investments.
- Capital Deployment Plan: Brookfield plans to invest $9 billion to $10 billion over the next five years to meet surging global power demand, with an annual capital deployment of about $850 million aimed at developing additional renewable energy capacity, targeting a run rate of 10 gigawatts by next year.
- Dividend Growth Potential: The company's current dividend yield exceeds 4%, significantly higher than the S&P 500's 1.1%, with plans to grow dividends by 5% to 9% annually, reflecting its strong position in the renewable energy sector and sustainable dividend payment capability.
See More
Quantum Computing Market Poised for Growth
- Market Growth Potential: Grand View Research projects the quantum computing market to grow at a 22.3% compound annual rate through 2033, indicating significant investment opportunities that could create many millionaires among investors.
- Strengthened Partnerships: Infleqtion's collaboration with Nvidia integrates its neutral-atom quantum processing units with Nvidia's hardware and software, enhancing its competitiveness in high-performance computing while facilitating access to more talent and capital.
- Increased Government Support: The recent executive order from the U.S. government to accelerate quantum computing development includes a proposed $100 million funding for Infleqtion, highlighting its leadership in quantum technology and potential for increased market share.
- Wide-ranging Technology Applications: Infleqtion boasts one of the industry's broadest quantum technology portfolios, covering quantum computing, advanced sensing, and space-based quantum systems, which are expected to play a crucial role in the future space economy, further solidifying its market position.
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
