By Zacks Equity Research
Publication Date: 2026-03-23 08:49:00
Chicago, IL – March 23, 2026 – Zacks Equity Research shares Nvidia NVDA as the Bull of the Day and Matthews International MATW as the Bear of the Day. In addition, Zacks Equity Research provides analysis on TechnipFMC plc FTI, Weatherford International plc WFRD and Nabors Industries Ltd. NBR.
Here is a synopsis of all five stocks.
A familiar name found its way back onto the Zacks Rank today, as analysts once again raise the earnings outlook for AI semiconductor juggernaut Nvidia. At its most recent Nvidia GTC conference, CEO Jensen Huang was not coy about how large he believes the company can grow, sharing a forecast of $1 trillion in AI chip sales by the end of 2027.
Nvidia has been growing at an almost unfathomable pace since the AI boom began, and it has managed to maintain that trajectory even at its mammoth $4.4 trillion market capitalization. However, despite this continued momentum in its core business, NVDA stock has been stagnant for nearly eight months, essentially unchanged over that period.
Concerns around overvaluation and excessive capital expenditures, with uncertain returns from hyperscalers, have weighed on the mega-cap technology and Magnificent Seven cohort. I am taking the over on these concerns, as every metric I follow shows that not only is new data center capacity for leading-edge AI models being filled, but it is being oversubscribed.
Leading cloud providers Alphabet, Microsoft, and Amazon, as well as newcomer Oracle,…
