Analysts Point to NVIDIA’s Blackwell Momentum, but Details on Any New Infrastructure Deal Remain Unclear

NVIDIA has remained one of Wall Street’s most closely watched AI infrastructure companies, and a new Yahoo Finance market note framed the stock as a potential beneficiary of continued spending tied to NVIDIA’s next hardware cycle. The article, published July 2, highlighted NVIDIA Corporation’s (NASDAQ:NVDA) inclusion in a list of “10 Most Undervalued Dow Stocks” compiled by analysts and linked the discussion to a report from TheFly on June 29.

The Yahoo Finance item posed a specific question: whether NVIDIA stock is “positioned for AI growth” through a “new NVIDIA Blackwell infrastructure deal.” In the material available for this review, the report does not provide deal terms, customer names, contract size, or timing. Instead, it uses the Blackwell platform as the central theme for why investors might expect additional data center demand to translate into future results.

Blackwell, NVIDIA’s latest AI GPU architecture for large-scale data centers, is broadly associated with the compute systems used to train and run artificial intelligence models. In NVIDIA’s broader public messaging, the company has emphasized scaling deployment of “Grace Blackwell GPUs,” pairing its Grace CPU system with Blackwell accelerators to target server builds for AI workloads. Those efforts reflect how NVIDIA typically links new hardware launches to data center capacity expansion rather than selling isolated chips.

Other recent market coverage also suggests NVIDIA’s competitive position is largely anchored in a broader ecosystem, not only raw chip supply. A TradingView/Zacks-syndicated analysis argued that NVIDIA’s momentum continues to depend on sustaining leadership across both hardware and software, including its CUDA development platform, which developers use to build and run AI applications.

At the same time, analysts and commentators have increasingly compared NVIDIA’s year-to-date performance to semiconductor peers. The TradingView piece cited that NVIDIA’s share gains during the period it discussed lagged the broader Zacks Computer and Technology sector and underperformed some semiconductor peers year to date, raising the question of whether the market has already moved on from some of NVIDIA’s near-term upside.

NVIDIA’s own newsroom shows how it has been pursuing partner and infrastructure expansion related to Blackwell deployments. For example, an NVIDIA Newsroom summary from September 16, 2025 described a collaboration with Nscale, an AI infrastructure company, to scale up “300,000 NVIDIA Grace Blackwell GPUs worldwide.” While that announcement does not prove the existence of a specific “new infrastructure deal” referenced in the Yahoo Finance report, it provides context for why market narratives often connect the Blackwell platform to large, facility-level AI buildouts.

Still, what the July 2 Yahoo Finance post does not disclose matters for evaluating the “infrastructure deal” framing. Based on the text available here, there is no confirmed description of any incremental Blackwell contract, no disclosed customer commitments, and no quantified procurement schedule tied to the alleged deal. Without those specifics, the claim remains more of a thesis prompt than a documented transaction.