NVIDIA, Chevron, and Booking Holdings Report Highlights from Zacks Research

NVIDIA's shares have outperformed the Zacks Semiconductor industry over the past year, benefiting from strong growth of AI and high-performance computing. Chevron's shares have also outperformed the Zacks Oil and Gas - Integrated - International industry, boosted by strategic acquisitions and strong operational performance. Booking Holdings' shares have underperformed the Zacks Internet - Hotels industry, due to rising competition and concerns over the company's advertising business.

NVIDIA's shares have significantly outperformed the Zacks Semiconductor industry over the past year, primarily due to the strong growth of artificial intelligence (AI) and high-performance computing. The company's CEO, Jensen Huang, recently highlighted the immense scale of the AI revolution during NVIDIA's Q2 2025 earnings call. Huang noted that the top four hyperscalers—Amazon, Alphabet, Meta, and Microsoft—are projected to spend $600 billion annually on AI infrastructure, with this figure potentially reaching over a trillion dollars by the end of the decade [1].

This substantial investment underscores the rapid growth and increasing demand for AI workloads. NVIDIA, which has transformed into a full-scale AI infrastructure provider, is well-positioned to benefit from this trend. Huang emphasized that NVIDIA's ability to deliver greater performance per unit of energy and per dollar spent is crucial for scaling AI infrastructure, as power availability remains a major constraint [1].

Meanwhile, Chevron's shares have outperformed the Zacks Oil and Gas - Integrated - International industry, driven by strategic acquisitions and strong operational performance. The company's Q2 2025 results revealed a 43% decline in net income due to lower oil prices, currency impacts, and Hess integration costs, but adjusted earnings exceeded expectations [2]. Chevron's hybrid strategy, which involves maintaining Permian Basin oil production while scaling energy transition projects, supports long-term resilience amid decarbonization pressures. The company's focus on shareholder returns, with $5.5 billion in dividends and buybacks, and $1.5 billion in low-carbon investments, highlights its commitment to balancing near-term profitability with long-term reinvestment [2].

In contrast, Booking Holdings' shares have underperformed the Zacks Internet - Hotels industry due to rising competition and concerns over its advertising business. The company faces challenges from increasing competition in the online travel sector and concerns about the sustainability of its advertising revenue model.

References:
[1] https://www.inkl.com/news/nvidia-ceo-jenson-huang-amazon-oracle-alphabet-and-microsoft-alone-plan-to-spend-600-billion-per-year-on-the-ai-revolution
[2] https://www.ainvest.com/news/chevron-cvx-q2-underperformance-energy-transition-resilience-strategic-repositioning-2509/