Nvidia Just Invited a Rival Chipmaker Into Its Own Racks. Here’s Why
Nvidia is letting a rival chipmaker plug directly into its own racks, and the move only looks like a concession until you follow the money through every layer of the data center.
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Stock Market Live March 31, 2026: S&P 500 (SPY) Pops on News Trump Could End War
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Newest firstSalesforce is Also Seeing Insider Buying
Since the start of the year, Salesforce (NYSE: CRM) has been a train wreck, falling from $267.82 to a recent low of $185.03.
The good news is insiders are buying the dip. In fact, the company director and CEO of Williams-Sonoma, Laura Alber, just bought 2,571 shares for $451,166 on March 19. Director David Kirk bought 2,570 shares for about $194.62 a share, marking his first open-market purchase of the year, according to Barron’s.
While insider buying should never be the sole reason to invest in a stock, it can provide valuable insight into how those closest to the company view its prospects. Recent insider activity in Salesforce suggests that key decision-makers see opportunity amid recent pullbacks.
Palo Alto CEO Just Bought $10 Billion Worth of Stock
After a bad start to the year, Palo Alto just saw a massive vote of confidence from CEO Nikesh Arora. On March 27, according to US SEC filings, he bought 68,085 shares at prices ranging from $146.46 to $147.48.
Helping, there’s substantial demand for AI-driven cybersecurity. And, according to analysts at Macquarie, the speed and scale of AI-driven attacks will drive even more demand, which should boost cyber stocks, such as PANW.
Wells Fargo also initiated an overweight rating on PANW with a $200 price target. “We view recent stock dislocation as a favorable entry point for exposure to nearly every major secular trend in cybersecurity,” analyst Michael Turrin said, as quoted by Seeking Alpha. “Although M&A creates [near-term] risk, we ultimately see [long-term] reward of path [toward] 10% share in a $300B+ market.”
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The story so farFutures are exploding on news that President Trump may be looking to end the war.
The S&P 500 is up 1.12%, or by 71 points. The SPDR S&P 500 ETF (SPY) is up 0.91%, or by $5.78. The Dow is up 1.14%, or by 512 points. The Nasdaq is up 1.09%, or by 252 points. Oil is up about 25 cents at $103.13. Gold is up $51.39 at $4,579. And Bitcoin is down $173 at $66,554.
According to The Wall Street Journal, the president told aides that he is willing to wind down military hostilities. That’s even if the Strait of Hormuz remains largely shut. At the same time, the Associated Press said Gulf states want the war to continue until Iran is no longer a substantial threat to the region.
Market Movers: Marvell Pops on Nvidia’s $2 Billion Stake
Shares of Marvell (NASDAQ: MRVL | MRVL Price Prediction) are up nearly 10% on news of Nvidia’s (NASDAQ: NVDA) $2 billion stake in the company. With that, Marvell will reportedly join the Nvidia AI ecosystem.
As noted in a Nvidia press release, “The partnership builds on NVIDIA NVLink Fusion, a rack-scale platform that enables customers to develop semi-custom AI infrastructure using the NVIDIA NVLink™ ecosystem. Marvell will provide custom XPUs and NVLink Fusion-compatible scale-up networking, while NVIDIA will provide the supporting technologies, including Vera CPU, ConnectX® NICs, Bluefield® DPUs, NVLink interconnect and Spectrum-X™ switches, and the rack-scale AI compute.”
Fueling more upside for Nvidia, Goldman Sachs just reiterated a buy rating on the tech giant, noting that it’s bullish on Nvidia’s healthcare efforts.
“NVDA’s healthcare efforts date back 18 years, from when the company was reinventing itself from computer graphics to accelerated computing and building full-stack computing platforms that are domain-specific,” as quoted by CNBC.
Analysts at Wells Fargo just reiterated an overweight rating on Microsoft (NASDAQ: MSFT), noting that it’s bullish on the stock heading into earnings. “See margin & capex commentary as the EPS focal point, where MSFT likely emphasizes commitment to margins despite capex likely above St—to keep pace w/ peers on AI capacity. We est capacity build yields sustained high-30s % Azure rev growth thru FY28,” as also quoted by CNBC.
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Ian Cooper
Ian Cooper is a veteran market analyst and investment strategist with more than 20 years of experience covering stocks, commodities, and macro trends. Since 1999, he has helped investors identify market opportunities using a blend of technical analysis, fundamental research, and market sentiment.
He is the creator of the ADD News Flow Strategy, which focuses on trading market reactions to major news events and investor psychology. Cooper was also among the analysts who warned about the 2008 financial crisis and major financial institution collapses ahead of the broader market.
Before joining 247 Wall St., Cooper wrote extensively for InvestorPlace and other financial publications, covering market trends, trading strategies, and investment opportunities.
