Nvidia Corporation delivered strong Q3 FY2026 results, with revenue up 26% to $57B and robust Data Center growth. NVDA maintains a dominant AI market position, justifying premium valuations despite a FWD P/E of ~40x and Price-to-Book of 29x. Key 2026 growth drivers include China's H200 chip market reopening and the Rubin platform launch, with potential for significant incremental profits.
After months of rumors the Trump administration was going to impose tariffs on semiconductors, a tariff has been announced for some chips. The tariff only applies to certain semiconductors, including the Nvidia H200 advanced AI chips set to ship to China.
It's hard to move the needle on shares of Nvidia (NASDAQ:NVDA) these days.
Nvidia's substantial forward visibility and massive order backlog provide a rock-solid foundation for sustained revenue growth through fiscal year 2024. The upcoming Vera Rubin architecture represents a generational shift in AI computing that ensures the company maintains its dominant market share against competitors. Strategic partnership with industry giants like Mercedes-Benz are transforming the business into a revenue powerhouse by diversifying income beyond hardware sales.
Unlike the benchmark S&P 500 market index, which is up 0.99% year-to-date (YTD), Nvidia (NASDAQ: NVDA) stock is down 0.67% so far in 2026, and recent developments from China might be to blame.
NVDA shares fall 1.4% after reports that China blocked imports of its H200 AI chips, adding to worries over access to a key overseas market.
Nvidia has added key marketing, policy, and HR executives over the past year. Several senior software acqui-hires came via startup deals.
China is working to set rules on how many advanced artificial intelligence chip companies can buy from foreign makers such as Nvidia , Nikkei Asia reported on Thursday, citing two people familiar with the matter.
Nvidia (NVDA) closed the most recent trading day at $183.14, moving 1.44% from the previous trading session.
President Donald Trump confirmed that the White House will approve China sales of Nvidia's H200 chip for artificial intelligence. Trump said the government will take 25% of sales, one day after formal regulations were published for such sales.
CNBC's Deirdre Bosa reports on news regarding Nvidia.
Advanced Micro Devices climbed 6.4% over the last day. You might feel inclined to purchase more shares, or perhaps you want to lessen your investment.