Nvidia fundamentals remain exceptionally strong, with accelerating revenue growth, high cash flow margins, and a robust net cash position. We rate NVDA as Hold, with a price target of $260 and a stretch target of $300, setting a stop below $189. (Our prior rating was Accumulate, between $165 and $190). Despite competitive threats from hyperscalers and alternative chip providers, NVDA's valuation at 33x TTM unlevered pre-tax FCF is inexpensive in the light of its growth and margins.
Nvidia (NASDAQ: NVDA) reported strong fiscal second-quarter 2026 results on August 26 and issued revenue guidance above analysts' estimates, sending the stock up 7% overnight and prompting a number of analysts to raise their Nvidia stock price targets.
Nvidia CEO Jensen Huang says the company decided to "rip the band-aid off" on gross margins, resetting expectations to 72%-73% for next year.
The extended trading between Wednesday and Thursday, August 27, appears to have decisively broken Nvidia (NASDAQ: NVDA) stock's week-long losing streak, as it featured a 7.56% upsurge from $209.66 to $225.50.
The AI chip leader is using its financial muscle to win the supply battle, but it comes with downsides.
Nvidia is set to buy artificial intelligence platform Hugging Face for $12.9 billion, news outlet The Information reported Wednesday, as the U.S. chipmaking giant seeks to diversify.
Nvidia jumps 6% in premarket trading after blockbuster earnings boost AI confidence
Nvidia stock (NASDAQ: NVDA) drew attention Thursday after the chipmaker delivered a record quarter and offered a bullish view of how long the artificial-intelligence spending boom can run. Fiscal second-quarter revenue reached $96.22 billion, up 106% year over year and above the $92.17 billion expected by analysts.
The widely anticipated results from the world's largest company largely reassured the market. Here's the post-results analysis.
Nvidia agreed to buy Hugging Face for $12.9 billion, The Information has reported. Neither Nvidia nor Hugging Face immediately responded to CNBC requests for comment.
Nvidia, the chipmaker at the heart of the artificial intelligence boom, said it forecasts revenue growth of about 70% in fiscal 2028. Analysts had predicted 45%.
Samsung Electronics and SK Hynix rallied in Seoul on Thursday after Nvidia's latest results signalled that the AI boom remains strong, yet memory itself is becoming one of Nvidia's biggest constraints. Samsung rose as much as 3.3% in trading, while SK Hynix gained 5.5%, helping push the KOSPI towards 7,000.