Nvidia’s AI boom remains strong, but rising memory costs and growing debt are emerging as key risks. The chipmaker expects gross margins to bottom at 71–72% in Q4 FY27, while rising debt could pressure its financial condition and cash flows.
The final day of bidding for the Hy-Tech Engineers IPO has arrived, showcasing strong investor enthusiasm. Retail participation has surged, with subscriptions exceeding sixty times for their designated share. The IPO is projected to begin trading on September 1, 2026, post-allotment.
ICICI Prudential AMC promoter Prudential Corporation plans to sell up to 2% stake, worth over Rs 3,185 crore, to meet minimum public shareholding requirements. The sale will reduce promoter holding to 85.6%. Shares of ICICI Prudential AMC have gained over 22% in 2026, while Q1 net profit rose 23% year-on-year to Rs 965 crore.
Symbiotec Pharmalab IPO enters its final bidding day with 5.31 times overall subscription and a Rs 285 GMP. The Rs 1,757 crore issue is priced at Rs 938–988 per share, with listing expected on September 1. Proceeds will partly repay debt, while investors weigh strong demand against premium valuation and risks.
The Rs 175.06 crore Annu Projects IPO entered its third day of bidding on August 27, with the issue subscribed 47% on Day 2. The IPO has attracted stronger retail participation, while its grey market premium (GMP) stands at around Rs 4, indicating a potential listing gain of about 4%. With the issue closing on August 28, investors are tracking subscription trends and GMP ahead of the listing.
In an interaction with Kshitij Anand of ETMarkets, Saurabh Prasad, Division Head – Research at Mirae Asset Sharekhan, said large caps are now more reasonably valued relative to growth stocks, while the premium commanded by small caps may be difficult to sustain given their more volatile earnings momentum.
Nvidia has forecast a 70% jump in revenue for fiscal 2028, signalling that strong AI computing demand remains intact despite memory supply constraints. The upbeat outlook, which is well above Wall Street’s 44% growth estimate, highlights broadening demand from hyperscalers, AI labs, startups and enterprises. Nvidia’s quarterly revenue also more than doubled, reinforcing investor confidence in the AI spending boom.
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